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Samraj  
#1 Posted : Saturday, June 10, 2006 5:17:07 AM(UTC)
Samraj

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While checking one of the securities I applied the MACD indicator and came to see this Oversold MACD and the bars color changed.I couldn't understand the formula which is as follows OscP(12,26,E,%) <= -3 AND ROC(OscP(12,26,E,%),5,$) = -Sum(Abs(ROC(OscP(12,26,E,%),1,$)),5) Please tell me what this means and how this can be used to interpret the market? Sam :)
wabbit  
#2 Posted : Saturday, June 10, 2006 6:00:51 AM(UTC)
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Sam, Take the code a part to see how it works. OscP(12,26,E,%)<=-3 AND ROC(OscP(12,26,E,%),5,$) = -Sum(Abs(ROC(OscP(12,26,E,%),1,$)),5) Has three different 'sections' OscP(12,26,E,%) ROC(OscP(12,26,E,%),5,$) -Sum(Abs(ROC(OscP(12,26,E,%),1,$)),5) Plot each of these in its own window. Find where the first section <=3, then find when the second section might equal the third section. Have a look at the price acton that leads up to each of these events and see if it suits your trading style. The other, of course, is to use the MS Users Manual and find out what OscP() , ROC(), Sum() and Abs() functions do. wabbit :D
wabbit  
#3 Posted : Saturday, June 10, 2006 6:04:47 AM(UTC)
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You might also want to simplify it : OscP(12,26,E,%)<=-3 AND ROC(OscP(12,26,E,%),5,$) = -Sum(Abs(ROC(OscP(12,26,E,%),1,$)),5) can be written a little more clearly as: x:=OscP(12,26,E,%); x<=-3 AND ROC(x,5,$) = -Sum(Abs(ROC(x,1,$)),5); See if that helps in your analysis. wabbit :D
Samraj  
#4 Posted : Monday, June 12, 2006 4:21:15 AM(UTC)
Samraj

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That's great.......I supose the first method was much more helpful!!!!!Thanks for your help wabbit!!!! sam :lol:
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