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More extensive writings on this concept can be found at:
http://www.patterntrapper.com/guide.shtml#310
The 3/10 Oscillator actually uses Weighted Moving Averages, whereas MACD uses
Exponential. I prefer the weighted, but for those who do not have that capability
the MACD comes very close.
Bob Hunt
Mikey wrote:
>
> see the attached chart
> what i do is to convert the macd into a line and then plot it into sub
> graph one ( the price bars) and then to look for conv div in this
> manner
> for ease of perusal i have marked a couple of trades up so it is easier
> to see
> normally there are three macd components on trade station they are the
> fact ma slow ma and the macd diff i am just using the macd diff and i
> have blacked out the two moving averages since (though necessary for the
> computation A) they just clutter up the chart
> take a look at it and then i will be more than happy to answer any and
> all questions
> mikey
>
>
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> [Image]
--
Bob Hunt
THE PATTERN TRAPPER
E-Mail: RHunt@xxxxxxxxxxxxxxxxxx
Web Site: http://www.PatternTrapper.com
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