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Get the info straight from the horse's mouth at:
http://www.omniumsoftware.com/FourMACD.htm
Regards,
Kevin
At 13:28 11/03/2003 -0500, you 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@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
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="">
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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