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Further to this, I've been talking to a guy who has been using the MACD
plot for divergences. I know different indicators show different
divergences at different times so if you plotted the MACD, the RSI and
Stochs, it's quite likely that one or two may show a divergence while
the other(s) didn't.
Is there any argument for using the raw MACD for divergences rather than
the usual MACD Diff?
Ian
> Thanks to all for very fast replies. Yes, my stuff was okay, it's the
> MACD Diff that's the histogram.
>
> Someone's got his MACDs in a twist.
>
> Thanks guys!
>
> Ian
>
> > 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
> >
> >
>
>
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