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r.,
If z = 10 the value for x and y are not important as long as they are
equal to 10. 120 - 110 = 10 and 75 - 65 will equal 10 as well.
I'm very fond of relative or normalizing and use it in some
instances. This is one where I just don't see the benefit.
Finally, I do not receive this groups emails and because yahoo no
longer stores attachments I am unable to see the pics that you
posted. If you post them to the photos section I will be able to view
them.
Preston
--- In Metastockusers@xxxxxxxxxxxxxxx, "Robin Hood" <robinhood@xxxx>
wrote:
>
> Preston, maybe there is something escape (I hope it's a right
translation) me.
>
> Here we see two charts; Dow Jones and S&P 500.
> By using a difference z=x-y I refer to something depending from the
value x and the calue y.
> I think different prices imply different moving averages. This
implies different macd and therefore different ma(macd).
> So this implies different values for the hystogram from a chart to
another.
>
> My aim is to have a standard indicator for every chart with values
not depending from the absolute valure of close (and moving
averages...) of everyone in order to use standard explorations and
systems.
>
>
>
> r.
>
>
> Robin,
>
> Using a relative or normalized indicator would be useful if as
you
> say you are measuring an indicator that is price related. In the
case
> of the macd, it is the difference between a short moving average
and
> a longer moving average. You are using the value of the
difference.
>
> That's not to say that you couldn't use a relative MACD just that
it
> is not necessary.
>
> Preston
>
>
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