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

[<uhehs@xxxxxxxx>]

<span
>Hi all, I&#8217;m
a bit late in the thread.

<span
> 

<span
>My
question:  How to interpret and
utilize this Histogram once it is created.

<span
> 

<font size=2 color=black
face=Tahoma>-----Original
Message-----
From: art9under@xxxxxxx
[mailto:art9under@xxxxxxx]
Sent: Tuesday, March 11, 2003 1:22
PM
To: Metastockusers@xxxxxxxxxxxxxxx
Subject: Re: RES: RES:
[Metastockusers] Cumming's 4MACD for MetaStock

<span
> 

<font size=2 color=black
face="Courier New">Thanks Rakesh,<font size=2 color=black
face="Courier New">
    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="">
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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