Rank: Advanced Member
Groups: Registered, Registered Users, Unverified Users
Joined: 1/13/2005(UTC)
Posts: 87
Location: perth australia
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Hi Jose,
Why is Roy's Weekly MACD - Close appear different to your Weekly MACD - Close on a daily chart. Please excuse my ignorance but I am just trying to understand.
Below is roy's cde for weekly macd - close:
{Weekly MACD - Close}
{2004 Roy Larsen, rlarsen@man.quik.co.nz}
{for use on daily charts with
Jose Silva's "Calendar Week counter"}
N:=Input("Weekly MACD Signal Periods",1,19,9);
F:=Input("End of Week, 5=Friday 6=Saturday 7=Sunday",5,7,5);
Q:=Input("Display Mode, 0=Static 1=Dynamic 2=Test",0,2,2);
{0=Display, update on Friday when possible}
{1=Display, update on each new bar}
{2=Backtest, update on first bar of new week}
G:=LastValue(Highest(Sum(DayOfWeek()=F,5))=5);
I:=Fml("JOSE CALENDER WEEK COUNTER");
I:=Abs(I-ValueWhen(2-G,1,I)); M:=G OR I>0;
F:=G OR (DayOfWeek()=F AND I=0);
A:=LastValue(Cum(1)-1)=Cum(1);
B:=ValueWhen(2,1,A);
J:=If(F,1,If(Alert(F,2)=0 AND M,2,0));
J:=If(A+LastValue(J)>2 OR B+(Q=1)=2,1,J);
J:=If(G,1,If(Q=2 OR Cum(J)<=1,M*2,J));
K:=ValueWhen(1,J,If(J=1,C,ValueWhen(2-G,1,C)));
K:=ValueWhen(1,K>0,K);
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}
Cheers
Norman
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