Rank: Advanced Member
Groups: Registered, Registered Users Joined: 8/13/2005(UTC) Posts: 170
Thanks: 7 times
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Hi,
This is my MACD
.........................8.....................................
a:= TSF(C,3)+TSF(C,5)+TSF(C,8)+TSF(C,13)+TSF(C,17)+TSF(C,26); b:= TSF(C,8)+TSF(C,13)+TSF(C,26)+TSF(C,35)+TSF(C,50)+TSF(C,56); mova:= TSF(a,3); movb:=TSF(b,26); diff:= a + mova; diff1:= b + movb; m:= diff - diff1; m1:= TSF(m,5)*.5; Ref(m1,-1); m1;
............................8.............................................
Asish
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Rank: Advanced Member
Groups: Registered, Registered Users Joined: 8/13/2005(UTC) Posts: 170
Thanks: 7 times
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Hi,
It has been pointed out that the above code may give an early entry but in case of whipsaw or consolidation phase m1 > 0 rides the trend better.(In Trader's Consortium)
Asish
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Rank: Member
Groups: Registered, Registered Users Joined: 10/12/2006(UTC) Posts: 19
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Hi Asish,
How does this macd work, what to see in it to get in nad out from trade?
Regards
WT
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Rank: Advanced Member
Groups: Registered, Registered Users Joined: 8/13/2005(UTC) Posts: 170
Thanks: 7 times
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mwaseemtaqi,
Same as in any MACD.
Asish
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Rank: Advanced Member
Groups: Registered, Registered Users Joined: 4/18/2007(UTC) Posts: 99 Location: sydney australia
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a very lively wavey MacD. I like it. thank you Asish.
if you don't mind me asking: << ... but in case of whipsaw or consolidation phase m1 > 0 rides the trend better >> where would you be putting that m1 > 0 in the formula?
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Rank: Advanced Member
Groups: Registered, Registered Users Joined: 8/13/2005(UTC) Posts: 170
Thanks: 7 times
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amory,
For visual inspection you can put a line with zero parameter ,alternatively add
.................8.............
0;
.................8.................
in the last line.
Asish
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Rank: Member
Groups: Registered, Registered Users Joined: 1/21/2007(UTC) Posts: 21
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Do you use this code as an indicator or exploration ???
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Rank: Advanced Member
Groups: Registered, Registered Users Joined: 8/13/2005(UTC) Posts: 170
Thanks: 7 times
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This is another way of looking at the MACD ,with it's limitation.Kindly refer the earlier posts.
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Rank: Advanced Member
Groups: Registered, Registered Users Joined: 4/18/2007(UTC) Posts: 99 Location: sydney australia
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on chart, it looks good. but it works equally well in an exploration. lots of explorations have the MacD in them somewhere. frinstance, there is an "Equis - Macd buy-signal" explo using the basic one-line formula for MacD and nothing else.
my guess is: Asish's formula is better.
by the way Asish, I decided not to change the original text after all (that bottom-line).
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Rank: Advanced Member
Groups: Registered, Registered Users Joined: 8/13/2005(UTC) Posts: 170
Thanks: 7 times
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amory,
Upto the user ,how it suits best.
Asish
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