Thanks for the afl.
I don't know why but visual effect is not same as in Metastock.
Here is how I use the formula:-
1. Buy when MACD crosses upper most line.
2. To add to investment when:-
a. MACD violates signal line and crosses back/again and still both the lines remains above the uppermost line.
3. To sell when MACD comes below 2nd line.
4. To short when MACD comes below lower most line.
5. To add to short when:-
a. MACD crosses signal line in upwards direction and crosses back and still both the line remains below lower most lines.
Example chart attached.
I don't know why but visual effect is not same as in Metastock.
Here is how I use the formula:-
1. Buy when MACD crosses upper most line.
2. To add to investment when:-
a. MACD violates signal line and crosses back/again and still both the lines remains above the uppermost line.
3. To sell when MACD comes below 2nd line.
4. To short when MACD comes below lower most line.
5. To add to short when:-
a. MACD crosses signal line in upwards direction and crosses back and still both the line remains below lower most lines.
Example chart attached.
1) sample chart.
2) compo macd test rev2
In my chart I have used this formula. Instead of ema's, I have used ma's. Jose also has used ma's.
Also, instead of 200ma of emacomp, I have used 200ma of pkvaltrvalavg field. This gives middle line better. In the charts enclosed by you, look is different ---may be due to lot of price variation?. Please check on ntpc chart. Look may be similar to as posted by you earlier.
Regards
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