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MetaStock
- 5 35 5 MACD
rev. 30/3/01
The 5,35,5 MACD is
a variation of the standard 12,26,9 MACD and was
made popular by Chris Manning, who uses it to
identify major market divergence points:
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((Mov( CLOSE, 5, E) - Mov( CLOSE, 35, E))-(Mov((Mov( CLOSE, 5, E) - Mov( CLOSE, 35, E)),5,E)))
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When first plotted
on a chart, the 5,35,5 MACD will appear as a solid
line with no horizontal line at the value of zero
(as shown in picture below).
After applying the
5 35 5 MACD indicator to your chart, use the
following steps to create a histogram with
vertical line at zero.
A) Double click
the indicator to open the properties dialogue box.
B) Select the
Color\Style tab and using the Style drop-down
list, select the histogram setting (second from
the bottom).
C) Select the
Horizontal Lines tab and enter a value of zero (0)
for the horizontal line value. Click Add.
D) Click OK
(indicator will appear as per picture below)
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