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Ian,
Open the MACD in the Power Editor and right click in the body of the
window and choose Propertied then Chart Style then set the MADiff to
Histogram. The other two are set line. Code of original in TS2ki
is below.
{*******************************************************************
Description : This Indicator plots MACD
Provided By : Omega Research, Inc. (c) Copyright 1999
********************************************************************}
Inputs: FastMA(12), SlowMA(26), MacdMA(9);
Plot1(MACD(Close, FastMA, SlowMA), "MACD");
Plot2(XAverage(MACD(Close, FastMA, SlowMA), MacdMA), "MACDAvg");
Plot3(Plot1 - Plot2, "MADiff");
{Alert Criteria}
If Plot3 Crosses Over 0 Then
Alert("MACD has generated a bullish alert")
Else
If Plot3 crosses under 0 Then
Alert("MACD has generated a bearish alert");
{MACD Expert Commentary}
#BeginCmtry
Commentary(ExpertMACD(Plot1));
#End;
Friday, November 5, 2004, 11:29:00 AM, you wrote:
IW> Okay, guys this dumb but it's causing probs...
IW> I've probably been fiddling with the default (Omega) MACD code a bit too
IW> much and think I've lost the, er, plot...
IW> It has three plots - MACD, MACD Avg and MACD Diff.
IW> The settings are such that the MACD Diff is plotted as a histogram. Is
IW> that correct? Is that the norm?
IW> I ask because two books which refer to the MACD say it's constructed in
IW> such-and-such a way and then show the MACD plot. They get to the other
IW> two parameters afterwards. A while ago, a friend asked if I could change
IW> the code so it only plotted the histogram and when I look at the code
IW> now I see that it's the MACD DIff that's been plotted.
IW> Someone has sent me some charts where the histogram is the actual MACD
IW> signal so obviously our plots and interpretation are different.
IW> I'd appreciate some clarification.
IW> Thanks.
IW> Ian
--
Best regards,
Jimmy mailto:jhsnowden@xxxxxxxxxxxxx
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