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Hi Preston
> Thanks!! You never cease to amaze me. I appreciate the explanation as
> well.
>
> Preston
There was nothing amazing about reading the maual. That's what alerted me to
the cause of the problem. The problem itself came to my notice because I
suggested the code to somone in another group as a solution to their
problem. It was only when they reported back that the results were not
accurate that I looked a little deeper.
Regards
Roy
--- In equismetastock@xxxxxxxxxxxxxxx, "Roy" <rlarsen@xxxx> wrote:
> > Preston
> >
> > It seems that the formula below for predicting the closing price
> > needed for the signal line to cross the MACD is not as accurate as
> > it could be. The reason, at least with my version of MS (7.03), is
> > that the MACD in MetaStock is based on EMA's that are slightly off
> > the assumed 12/26 periods. The MACD EMA's are calculated using
> > proportions of 0.075 and 0.15 instead of 2/13 and 2/27. The latter
> > is what the code you posted uses for the 'top' variable, hence the
> > small errors that occur when tested against the MS canned MACD.
> >
> > I've taken the liberty of revamping the code so that the predictive
> > prices work for my version of MS.
> >
> > Roy
> >
> > {MACD MS Look Ahead}
> > x:=0.15; y:=0.075;
> > a:=If(Cum(1)=1,C,PREV*(1-x)+C*x);
> > b:=If(Cum(1)=1,C,PREV*(1-y)+C*y);
> > a:=a*(1-x); b:=b*(1-y); top:=b-a;
> > {C required for signal/MACD crossover}
> > (Mov(MACD(),9,E)+top)/(x-y);
> >
> >
> >
> > --- In equismetastock@xxxxxxxxxxxxxxx, pumrysh <no_reply@xxxx>
> wrote:
> > > This is from another group. See if it gives you any ideas.
> > >
> > > Preston
> > >
> > > a user asked if the tommorows close could calculated which would
> > > cause the MACD to cross the 0 line, or the trigger line. we
> > worked
> > > it out and got:
> > >
> > > a:=12;b:=26;x:=2/(1+a);y:=2/(1+b);
> > > top:=Mov(C,b,E)*(1-y)-Mov(C,a,E)*(1-x);
> > >
> > > {C required for trigger line crossover}
> > > (Mov(MACD(),9,E)+top)/(x-y);
> > >
> > > {C required for 0 value MACD}
> > > top/(x-y)
> > >
>
>
>
>
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>
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