Re: [EquisMetaStock Group] Weekly MACD histogram

["Bill Saxon" <vondell@xxxxxxxxxxxx>]

Thanks Roy and Jose.   What 
great websites.  I pasted the formulae in and it works great.
 
There is a mathematical formula that 
gives the slope of an indicator, i.e. is a MACD line going basically up or 
down?  I have seen reference to a slope of a regression line (if this is 
the same thing) but nothing that could be applied to any indicator. I guess it 
would use a P Array expression.
 
Thanks again.
 
Bill  
<BLOCKQUOTE 
>
  ----- Original Message ----- 
  <DIV 
  >From: 
  Roy 
  Larsen 
  To: <A 
  title=equismetastock@xxxxxxxxxxxxxxx 
  href="">equismetastock@xxxxxxxxxxxxxxx 
  
  Sent: Friday, April 02, 2004 4:06 
PM
  Subject: Re: [EquisMetaStock Group] 
  Weekly MACD histogram
  Bill----- Original Message ----- From: "Jose" 
  <<A 
  href="">josesilva22@xxxxxxxxx>To: 
  <<A 
  href="">equismetastock@xxxxxxxxxxxxxxx>Sent: 
  Saturday, April 03, 2004 7:27 AMSubject: Re: [EquisMetaStock Group] Weekly 
  MACD histogram>> Bill, just simply go here:> <A 
  href="">http://users.bigpond.com/prominex/pegasus.htm#roy>> 
  Roy has gone through a lot of trouble to create accurate weekly> 
  indicators for daily charts.  Forget the complexity, and just copy 
  and> paste the formulae into MetaStock.>> jose 
  '-)For a more basic version try this. It still uses Jose's 
  "Calendar Week counter" for the greatestaccuracy with any data gaps. Check 
  it's accuracy against the canned MACD() indicator on any weeklyperiodicy 
  chart.Roy  {Weekly MACD - Close Basic}  {© 2004 
  Roy Larsen, rlarsen@xxxxxxxxxxxxxx}  {for use on daily charts 
  with   Jose Silva's "Calendar Week counter"}N:=Input("Daily 
  MACD Signal 
  Periods",1,19,9);G:=LastValue(Highest(Sum(DayOfWeek()=   
  ValueWhen(2,1,DayOfWeek()),5))=5);J:=Fml("Calendar Week 
  counter");J:=Abs(J-ValueWhen(2-G,1,J)); J:=G OR 
  J;K:=ValueWhen(1,J,ValueWhen(2-G,1,C));X:=0.15; Y:=0.075; 
  N:=2/(N+1);X:=If(Cum(J>0)=1,K,ValueWhen(1,J,PREV)*(1-X)+K*X);Y:=If(Cum(J>0)=1,K,ValueWhen(1,J,PREV)*(1-Y)+K*Y);R:=X-Y;Z:=If(Cum(J>0)=1,R,ValueWhen(1,J,PREV)*(1-N)+R*N);R; 
  {MACD}Z; 
  {Signal}







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