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Thanx Dusant for ur reply.
Ur suggestion of putting a Boll Band or enevelope do not work as it
takes the default closing price.
The MACDH moves above and below the zero Line. Now when its above the
ZERO line i want to draw a average withe positive value of the MACDH
and when the MACDH turns negative the average of the positive value
of the MACDH stops and the Negative Value of the MACDH starts.
So visually it will be like an a band. One of the Band will be always
above the ZERO Line and the Other will be Always Below the Zero Line.
Either of them will be activated when the MACDH values changes from
positive or negative.
Thank u again for ur reply.
--- In equismetastock@xxxxxxxxxxxxxxx, "Dusant" <dusant@xxxx> wrote:
> You will need to explain further, Kripal. Average bands like the
envelope or the bollinger band will work simply if you drop them over
the indicator.
> Dusant
> Chief Architect
> http://www.candlestrength.com/
> ----- Original Message -----
> From: kripal rathod
> To: equismetastock@xxxxxxxxxxxxxxx
> Sent: Saturday, July 17, 2004 12:10 PM
> Subject: [EquisMetaStock Group] How to make Averages Band on
Positive and Negative Values of MACDH
>
>
> Folks
> Can one of U help me in making average bands on positive and
negative
> values of the MACDH.
>
>
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