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Hi Jim,
I
found your posting the most helpful of any posting from any share discussion
group that to date I have logged into. Your instructions are precise and clear
and the indicator code is simply eloquent. Most importantly it runs like a
dream.
I
just wanted to say thank you.
Regards,
Kevin
<span
>-----Original Message-----
From: Jim Eaves
[mailto:jimeaves@xxxxxxx]
Sent: Tuesday, 11 March 2003 8:44
AM
To: Metastockusers@xxxxxxxxxxxxxxx
Subject: [Metastockusers]
Cumming's 4MACD for MetaStock
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<span
>Hi Hal,
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<span
>Here is how I construct my MetaStock
version of Robert Cumming's 4MACD. Again the multipliers for MACDBlue and
MACDYellow are necessary for MetaStock I believe because of the differences in
the way TC-2000 and MetaStock handle the MACD function and differences in the
way they scale charts.
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face="Times New Roman">
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>Each stock has a different
multiplier, but I have found the below settings to work well enough for most
stocks in general. If you want a perfect match with the TC-2000 version
you have to play with the yellow and blue multipliers.
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>Below are the formulas for 4
different MACD indicators (MACDBlue, MACDRed, MACDYellow, and MACDGreen).
Each should be saved to a different indicator via MetaStock's Indicator Builder.
You should be able to copy and paste into Indicator Builder from this
e-mail. Once you have all four indicators installed, grab the MACDBlue
indicator and place it into a new window on a chart. Then change its
color to blue. Leave it as a line graph for now (very important).
Then grab and drop MACDRed into the same window and change its color to
red. Again leave it as a line graph (very important).
Then grab and drop MACDYellow into the same window and change its color
to yellow. Again leave it as a line function (very important).
It MetaStock asks you about scaling tell it to use the same scaling on the
right. Then grab and drop MACDGreen into the same window and change its
color to green. Now right click on the blue line and select MACDBlue properties.
Now change it to a histogram and select the second thickness. Do the same
procedure for MACDRed, MACDYellow and MACDGreen in that order (very
important). That should set it up.
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<span
>Jim
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<span
>MACDBlue (The Blue Cumming's 4MACD
Histogram)
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face="Times New Roman">
<span
>4.3*((Mov(C,17,E)-Mov(
C,14,E))-Mov((Mov(C,17,E)-Mov(C,14,E)),5,E ))
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face="Times New Roman">
<span
>MACDRed (The Red Cumming's MACD
Histogram)
<font size=3
face="Times New Roman">
<span
>(Mov(C,17,E)-Mov(
C,8,E))-Mov((Mov(C,17,E)-Mov(C,8,E)),5,E )
<font size=3
face="Times New Roman">
<span
>MACDYellow (The Yellow Cumming's
4MACD Histogram)
<font size=3
face="Times New Roman">
<span
>1.4*((Mov(C,10,E)-Mov(C,16,E))-Mov((Mov(C,10,E)-Mov(C,16,E)),5,E
))
<font size=3
face="Times New Roman">
<span
>MACDGreen (The Green Cumming's 4MACD
Histogram)
<font size=3
face="Times New Roman">
<span
>(Mov(C,5,E)-Mov(
C,10,E))-Mov((Mov(C,5,E)-Mov(C,10,E)),5,E )
<font size=3
face="Times New Roman">
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