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Hi Roy
Thanks for the input. Understand what you mean about "most of the
code defining the weekly timeframe" .. lol, tried unpicking it, but
haven't done it right.
I take your point about tying the frame to the first bar - no
point. Sorry if this sounds dumb, but by tying the frame to the
last bar - yes, every new bit of data will change the picture every
day, but isn't this what happens in a moving average anyway?
I guess where my thinking is leading me is that a Mon-Fri MACD is a
bit artificial? Fridays trend change is relevant to the following
Monday? So why set up the frame as Mon-Fri, rather than the last 5
trading days? Any views would be most welcome ..
Regards
--- In Metastockusers@xxxxxxxxxxxxxxx, "Roy Larsen" <rlarsen@xxxx>
wrote:
> 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@xxxx>
> 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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