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What is a discrete MFL.
You have a point. That decimal thing may not make much of a difference. Any way I just want to use it as a trend finder; In the sense just scan the stocks based on weekly and daily MACD in same direction.
Manish
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--- Begin Message ---
To: Metastockusers@xxxxxxxxxxxxxxx
Subject: Re: [Metastockusers] Dinapoli MACD
From: Roy Larsen <rlarsen@xxxxxxxxxxxxxx>
Date: Tue, 11 May 2004 19:49:32 +1200
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Manish
A question for you.
What part of 8.3896 or 17.5185 is actually used by the canned Mov() function? My recollection is
that the decimal component is discarded and it is just a waste of space. You might want to check
this out for yourself. I think that to use the decimal component you would need to use discrete MFL
code for the EMA.
Just my thoughts. As Jose will tell you I can be wrong at times.
Roy
> dimacd:= Mov( CLOSE, 8.3896, E) - Mov( CLOSE, 17.5185, E);
>
> movmacd:= Mov(dimacd, 9.0503, E);
>
> Dimacd;
> Movmacd;
>
>
> This is the formula for Dinapoli MACD. I am looking to plot the weekly values of this on the daily
chart. And Monthly value of this on the weekly chart. Can anyone help.
>
> Regards
> Manish
>
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