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MetaStock
Indicator - MACD
Histogram
rev. 03/18/98
These two formulas are for the Dr. Alexander Elder
indicators.
The custom formula for the MACD Histogram is:
| (
Mov( C,12,E ) - Mov( C,26,E ) ) - Mov( (
Mov( C,12,E ) - Mov( C,26,E ) ),9,E ) |
The custom formula for the Weekly MACD Histogram
utilizing daily data is:
Mov(If(DayOfWeek()=5,C,Peak(1,If(DayOfWeek()=5,C,0),1)),60,E)-
Mov(If(DayOfWeek()=5,C,Peak(1,If(DayOfWeek()=5,C,0),1)),130,E)-
Mov(Mov(If(DayOfWeek()=5,C,Peak(1,If(DayOfWeek()=5,C,0),1)),60,E)-
Mov(If(DayOfWeek()=5,C,Peak(1,If(DayOfWeek()=5,C,0),1)),130,E),45,E) |
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