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See http://www.omniumsoftware.com/FourMACD.htm
--- In Metastockusers@xxxxxxxxxxxxxxx, <uhehs@xxxx> wrote:
> Hi all, I'm a bit late in the thread.
>
> My question: How to interpret and utilize this Histogram once it
is
> created.
>
> -----Original Message-----
> From: art9under@xxxx [mailto:art9under@x...]
> Sent: Tuesday, March 11, 2003 1:22 PM
> To: Metastockusers@xxxxxxxxxxxxxxx
> Subject: Re: RES: RES: [Metastockusers] Cumming's 4MACD for
MetaStock
>
> 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@xxxx (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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