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Jan,
The MACD is the difference between two moving averages usually a 12
and 26. The Moving Average Convergence/Divergence indicator (MACD) is
calculated by subtracting the value of a 0.075 (26-period)
exponential moving average from a 0.15 (12-period) exponential moving
average. A 9-period dotted exponential moving average (the "signal
line") is automatically displayed on top of the MACD indicator line.
The ROC(rate of change) is a measure of todays value (usually the
close) to a value sometime in the past.
Measuring a top or bottom in a MACD is not going to be very useful.
If you are looking for a top or bottom a stochastic is going to be a
better choice. The following formula calculates a 5-period %K
Stochastic Oscillator with 3-period slowing:
(sum( C - llv(L,5), 3 ) / sum(hhv(H,5) - llv(L,5), 3) ) * 100
Notice that HHV and LLV...tops and bottoms are already part of the
calculation.
Preston
--- In equismetastock@xxxxxxxxxxxxxxx, "j.geenen" <j.geenen@xxx>
wrote:
>
> Hi all
>
> Measuring MACD Tops and Bottoms with ROC is too noisy, is there
another
> way in MS to calculate or program this?
>
> Regards Jan
>
> --- In equismetastock@xxxxxxxxxxxxxxx, "j.geenen" <j.geenen@> wrote:
> >
> > Hi all
> >
> > Is there a function in MS to code or calculate MACD tops and
bottoms
> so
> > I can use these in an Expert?
> >
> > Kindly regards, Jan
> >
>
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