Re: RES: RES: [Metastockusers] Cumming's 4MACD for MetaStock

[art9under@xxxxxxx]

Thanks Rakesh,
    I checked them out and they seem to be the same. I said seems because I 
might be missing something small that I wouldn't recognize because of my 
inexperience, BUT it sure looks the same. 
    Below is the post that OI copied the indicators from.
Thanks for any help you might be able to offer.
        ART

Subj:    [Metastockusers] Cumming's 4MACD for MetaStock
Date:   3/10/03 5:17:25 PM Eastern Standard Time
From:   jimeaves@xxxxxxx (Jim Eaves)
Reply-to:   <A HREF="mailto:Metastockusers@xxxxxxxxxxxxxxx";>
Metastockusers@xxxxxxxxxxxxxxx</A>
To: Metastockusers@xxxxxxxxxxxxxxx

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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