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I think it was me.<span
> I programmed Elder’s idea of
looking for the first uptick in the weekly MACD_H.
First, create the indicator MACD_H:
<span
>MACD(<font
size=2 color=navy face=Arial>)-Mov(MACD(),9,E)
You’ll need to change its style to
histogram.
In the filter of a new Exploration, with
periodicity set to weekly, enter:
Fml( "MACD_H")>Ref(Fml(
"MACD_H"),-1) AND Ref(Fml( "MACD_H"),-2)>=Ref(Fml(
"MACD_H"),-1)
This Exploration returns all equities
where the weekly MACD_H just ticked up for the first time, ie, in the previous
week it had dropped, and in the most recent week it has ticked up.
If you want all equities with a rising
weekly MACD_H, a much bigger list, delete everything from AND.
Elder suggests combining this with a
requirement for a rising MA for greater safety, but in his examples of his own
trading he doesn’t seem to require a rising MA.
My own experience of using this search is
that it picks a lot of turning points, but also a lot of shares that don’t
go on with it, so I don’t use it anymore.
You may find that adding the requirement
for a rising MA of share price works well, it’s
certainly a safer approach.
Good trading,
Barry
<span
lang=EN-US >-----Original
Message-----
From: Roy Larsen
[mailto:rlarsen@xxxxxxxxxxxxxx]
Sent<span
>: <st1:date Month="8" Day="2"
Year="2003">Saturday, 2 August 2003<font
size=2 face=Tahoma> <font
size=2 face=Tahoma>4:06 AM<font size=2
face=Tahoma>
To: equismetastock@xxxxxxxxxxxxxxx
Subject: Re: [EquisMetaStock
Group] Re: About Macd Histogram divergence ?
<font size=3
face="Times New Roman">
<font size=2
face="Courier New">Dusant<font
size=2 face="Courier New">
I don't think it was me. I don't do divergences :(
<span
>Roy<font
size=2 face="Courier New">
----- Original Message -----
From: "Dusant"
<cooldush@xxxxxxxxxxx>
To: <equismetastock@xxxxxxxxxxxxxxx>
Sent: <st1:date Month="8"
Day="2" Year="2003">Saturday, August 02, 2003<font
size=2 face="Courier New"> <st1:time
Hour="3" Minute="10"><span
>3:10 AM<font size=2
face="Courier New">
Subject: [EquisMetaStock Group] Re: About Macd
Histogram divergence ?
> mwtang,
> I positively remember <font
size=2 face="Courier New">Roy<font
size=2 face="Courier New"> posting a code for
pinpointing positive and<span
>
> negative divergences, maybe about a 18 months
to 2 years ago on this
> same forum.
> It may not be for the MACD, could have been
for another indicator.
> However, an archive search would do you good.
> All the best.
> Dusant
>
> --- In equismetastock@xxxxxxxxxxxxxxx, mwtang
<mwtang@xxxx> wrote:
> > I agree with you " Nothing replaces
human judgement ". I need the
> Expert and Explorer to do reserch. For
example, whe I open a chart and
> click expert ( macd bull & bear
divergence) ,the symbols will appear
> on the chart. From that I can look at the
chart to see how good it is
> or I can add in other indicators onto the
chart to compare between
> them. I think by doing this it can improve my
trading. Frankly, I
> don't really trust system tester results.
I like my own judgement.
> > So I need the macd histogram (bull &
bear divergence) formulas for
> Expert and Explorer.
> >
> > Expert -- To see how good it perform and
Explorer -- To find stocks
> that meet my criteria.
> >
> > Hope someone can help.
> > Thanks you !
> >
> >
> > ----- Original Message
> > judgemente -----
> > From: superfragalist
> > To:
equismetastock@xxxxxxxxxxxxxxx
> > Sent: Thursday, July 31,
2003 10:37 PM
> > Subject: [EquisMetaStock
Group] Re: About Macd Histogram
> divergence ?
> >
> >
> > No enough information. Elder
says a lot of things. I don't
> remember
> > anything about writing
experts.
> >
> > Enter Long :
> >
> >
MACDhistogram:=MACD()-Mov(MACD(),9,E);
> > Ref(MACDhistogram,-1)>0
AND Ref(Stoch(5,3),-1)<80
> >
> > Enter Short :
> >
> >
MACDhistogram:=MACD()-Mov(MACD(),9,E);
> > Ref(MACDhistogram,-1)<0
AND Ref(Stoch(5,3),-1)>20
> >
> >
> > Basically, you should trade
a system using the actual indicators
> > until you really, really
learn them. Nothing replaces human
> > judgement, especially
"experts".
> >
> >
> >
> >
> > --- In
equismetastock@xxxxxxxxxxxxxxx, mwtang <mwtang@xxxx> wrote:
> > > Hi ! After reading
through the book " Trading for a living " by
> Dr.
> > Alexander Elder. I had tried
to write formulas concerning Macd
> > Histogram( bullish &
bearish divergence) into Expert advisor and
> > Explorer but it always fail
to work. I hope someone can help.
> Thanks
> > you !
> >
> >
>
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