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Hi cav
The Weekly MACD is not a good place to start for a rolling 5 day MACD
because most of the code is used to define the weekly timeframe.
There are a couple of issues with a rolling 5-day frame that you need to be
aware of before spending a lot of time going down that track. If you tie the
frame to the first data bar, you'll end up with rolling frame (boundaries
keep changing) once the amount of history is greater than the number of
bars in each open chart. Tying the frame to the last bar means that every
frame changes as each new data bar is added. The result in both cases is
that every 5-day frame changes with the addition of any new data. You
might end up with a pretty picture, but the picture will change every day.
It cannot be used for back-testing,
Kind regards
Roy Larsen
www.metastocktips.co.nz
Free formulas and MS links
----- Original Message -----
From: "cav609" <cav609@xxxxxxxxxxx>
To: <Metastockusers@xxxxxxxxxxxxxxx>
Sent: Wednesday, April 20, 2005 6:27 AM
Subject: [Metastockusers] Weekly MACD - Close
>
> Hi
>
> Has anyone played around with developing a weekly MACD indicator using
> the last 5 days (on a rolling basis), rather than a calendar week
> basis? I've been trying to adapt Roy Larsens calendar week MACD but
> getting lost on the coding!
>
> Thanks in advance for any help / advice ..
>
>
>
>
>
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