RE: [EquisMetaStock Group] Weekly MACD histogram

[<uhehs@xxxxxxxx>]

Day of Week 5 refers to the 5th
day for the week, this being Friday.

For example, Day of week 2 is a Tuesday.

 

<span
>-----Original Message-----
From: Alan Davidson
[mailto:alan_davidson22@xxxxxxxxxxx] 
Sent: Saturday, March 27, 2004
5:51 AM
To: equismetastock@xxxxxxxxxxxxxxx
Subject: [EquisMetaStock Group]
Weekly MACD histogram

<span
> 

<span
>I found the following formulas for daily and weekly
MACD:

Daily:
( Mov( {start}C{end},12,E ) - Mov( C,26,E ) ) -
Mov( ( Mov( C,12,E ) -
Mov( C,26,E ) ),9,E )

Weekly:
Mov({start}If(DayOfWeek()=5,C,Peak(1,If(DayOfWeek()=5,C,0),1))
{end},60,E)-
Mov(If(DayOfWeek()=5,C,Peak(1,If(DayOfWeek()=5,C,0),1)),130,E)-
Mov(Mov(If(DayOfWeek()=5,C,Peak(1,If(DayOfWeek()=5,C,0),1)),60,E)-
Mov(If(DayOfWeek()=5,C,Peak(1,If(DayOfWeek()=5,C,0),1)),130,E),45,E)

As a newbie, I'd be grateful if someone could help
me to understand 
the bit of the weekly formula between the {start}
and {end} 
comments.  

I know that this will correspond to the
"C" between {start} and {end} 
in the daily formula.

I understand what "Peak" does.

I don't understand what "DayOfWeek" is
doing.

Regards,
Alan
















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