The real MACD

[ianwaugh@xxxxxxxxx (Ian Waugh)]

Okay, guys this dumb but it's causing probs...

I've probably been fiddling with the default (Omega) MACD code a bit too 
much and think I've lost the, er, plot...

It has three plots - MACD, MACD Avg and MACD Diff.

The settings are such that the MACD Diff is plotted as a histogram. Is 
that correct? Is that the norm?

I ask because two books which refer to the MACD say it's constructed in 
such-and-such a way and then show the MACD plot. They get to the other 
two parameters afterwards. A while ago, a friend asked if I could change 
the code so it only plotted the histogram and when I look at the code 
now I see that it's the MACD DIff that's been plotted.

Someone has sent me some charts where the histogram is the actual MACD 
signal so obviously our plots and interpretation are different.

I'd appreciate some clarification.

Thanks.

Ian