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Hi Kevin,
Thank you for your kind words. I hope you enjoy the indicator.
Jim
--- In Metastockusers@xxxxxxxxxxxxxxx, "Kevin Howard" <kjhoward@xxxx>
wrote:
> 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
>
>
> -----Original Message-----
> From: Jim Eaves [mailto:jimeaves@x...]
> Sent: Tuesday, 11 March 2003 8:44 AM
> To: Metastockusers@xxxxxxxxxxxxxxx
> Subject: [Metastockusers] Cumming's 4MACD for MetaStock
>
> Hi Hal,
>
> 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.
>
> 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.
>
> 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.
>
> Jim
>
>
> MACDBlue (The Blue Cumming's 4MACD Histogram)
>
> 4.3*((Mov(C,17,E)-Mov( C,14,E))-Mov((Mov(C,17,E)-Mov(C,14,E)),5,E ))
>
> MACDRed (The Red Cumming's MACD Histogram)
>
> (Mov(C,17,E)-Mov( C,8,E))-Mov((Mov(C,17,E)-Mov(C,8,E)),5,E )
>
> MACDYellow (The Yellow Cumming's 4MACD Histogram)
>
> 1.4*((Mov(C,10,E)-Mov(C,16,E))-Mov((Mov(C,10,E)-Mov(C,16,E)),5,E ))
>
> MACDGreen (The Green Cumming's 4MACD Histogram)
>
> (Mov(C,5,E)-Mov( C,10,E))-Mov((Mov(C,5,E)-Mov(C,10,E)),5,E )
>
>
>
>
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