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Re: [EquisMetaStock Group] Re: MACD Histogram Cycle and Trigger with 4 Green 1 Red or 4 Red 1 Green



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Hi Preston
    Tried both formulas , the one from MC is closer to Chartnexus 's (4 red 1 green) trigger .The bar appear at the point of changing .
 
    Your new formula seems to have more lagging effect  but there are  accuratecy reference to MACD signal .
 
    The following is additional info I can get from Chartnexus web on 4Red1Green:
           

" MacD_Histogram_4r1g with_MacD_above_0.ruz (modified 9 months ago)

ChartNexus

Market condition: Bullish / Uptrend Signal type: Buy Time scale: Mid term Description: MacD Histogram uniquely tracks the turn in price trend.. For uptrending stocks, the MacD Histogram cycle will give a buy signal after a retracement in price. This rule will combine MacD Histogram cycle with MacD line above zero reference line for better result. Version: 1.0 Date uploaded: 3 Mar 2008 Click here for more information about additional configurations This rule is one of the strategies taught in ChartNexus Technical Analysis course"

 
    I will back test  more charts and come back to u again.
 
rgds


From: pumrysh <no_reply@xxxxxxxxxxxxxxx>
To: equismetastock@xxxxxxxxxxxxxxx
Sent: Monday, 29 December 2008 11:56:04
Subject: [EquisMetaStock Group] Re: MACD Histogram Cycle and Trigger with 4 Green 1 Red or 4 Red 1 Green

Alvin,

Here's the buy and sell formula.

Give it a try and let me know if its what you need.

Preston

g:=3; {periods of consecutive higher MACD's}
{RedGreen MACD Histogram}
X:= MACD();
Green:=If(X> Ref(X,-1) ,X,0);
Red:=If(X<Ref( X,-1),X,0) ;
buy:= BarsSince(green= 0)=g;
buy;

r:=3; {periods of consecutive lower MACD's}
{RedGreen MACD Histogram}
X:= MACD();
Green:=If(X> Ref(X,-1) ,X,0);
Red:=If(X<Ref( X,-1),X,0) ;
sell:= BarsSince(red= 0)=r;
sell;



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