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Hello Onno,
I use MACD normalized not by Close , but it's longer-term component like
this
(Mov(C,12,E)-Mov(C,24,E))/(Mov(C,24,E)+0.000001)
It produces about the same "typical" MACD value for any (almost) equity that
allows to compare stocks in term of MACD.
Happy New Year!
Vitaly
----- Original Message -----
From: "Onno Goedknegt" <goedkneg@xxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Wednesday December 27 2000 6:03 PM
Subject: MACD vs. "relative" MACD
>
> Maybe there is someone out there who investigated the following issue?
>
> When using divergence to forecast a change of direction, what do you
prefer:
> the "normal" MACD or a "relative" MACD (MACD/CLOSE)?
>
> And finally to you all: Happy New Year!
>
> Best regards,
> Onno Goedknegt
>
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