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

[pumrysh <no_reply@xxxxxxxxxxxxxxx>]

Alvin,

The settings can be changed. They are in this line:

buy:= BarsSince(green= 0)=g;

Where g is set by a previous formula call to a value of three. So I 
have actually set mine at 1 red and 3 green. 

If you want to track the trigger then something like this might be 
better.

g:=1; {periods of higher MACD's}
{RedGreen MACD Histogram}
X:= Mov(MACD(),9,E);
Green:=If(X> Ref(X,-1) ,X,0);
Red:=If(X<Ref( X,-1),X,0) ;
buy:= BarsSince(green=0)=g;
buy;

r:=1; {periods of lower MACD's}
{RedGreen MACD Histogram}
X:= Mov(MACD(),9,E);
Green:=If(X> Ref(X,-1) ,X,0);
Red:=If(X<Ref( X,-1),X,0) ;
sell:= BarsSince(red=0)=r;
sell; 

The changes are in the X value which is now the trigger rather than 
the MACD and the green and red periods.

Preston


--- In equismetastock@xxxxxxxxxxxxxxx, Alvin Yu <alvinyu2005@xxx> 
wrote:
>
> Hi Preston
> Â Â Â  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 .
> 
> Â Â Â  The following is additional info I can get from Chartnexus 
web on 4Red1Green:
> Â Â Â Â Â Â Â Â Â Â Â  " 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;
> 
>  
> 
> 
>       Importing contacts has never been easier..Bring your friends 
over to Yahoo! Mail today! http://www.trueswitch.com/yahoo-sg
>



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