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Please help with formula for Price Oscillator, I'm trying to make similar to MACD
Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 4/21/2005(UTC)
Posts: 33
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I read that Gerald Appel had different settings for his MACD 12,26,9 for buy and I believe 8,17,5 for sell. Well after reading that I thought I'd would try to "optimize" these values using the enhanced system tester. I understand MACD can't be altered in metastock and one has to use the Price Oscillator. I was wondering if someone could please help me with setting up buy and sell formula using the price oscillator crossing it's signal line using OPT1, OPT2, and OPT3 for the 2 exponential moving averages and signal lines similar to MACD. thanks for anyone's help
good luck trading!
Biff
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Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 11/7/2005(UTC)
Posts: 602
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My system tester has a study called MACD w/ opt. so I am assuming you have it as well.
Copy that one to a new study and play around with it.
You should be able to get what you want from there.
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Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 4/21/2005(UTC)
Posts: 33
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ah Yes, my friend, but the only optimization you can do is the number of periods in the signal line (the 9). I would like to test the 12,26 numbers. the price oscillator is similar but I'm too stupid to figure it out. Thanks
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Rank: Advanced Member
Groups: Registered, Registered Users, Unverified Users
Joined: 7/12/2007(UTC)
Posts: 134
Location: Perth Western Australia
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As per the MS manual the MACD is calculated as follows:-
Mov(C,12,E)-Mov(C,26,E); {Displayed as a histogram}
Mov(MACD(),9,E); {Signal Line}
Armed with this info create an new System Test as such:-
{Buy Order Formula}
MACD1:=Mov(C,OPT1,E)-Mov(C,OPT2,E);
MACD1signal:=Mov(MACD1,OPT3,E);
Cross( MACD1, MACD1signal);
{Sell Order Formula}
MACD2:=Mov(C,OPT4,E)-Mov(C,OPT5,E);
MACD2signal:=Mov(MACD2,OPT6,E);
Cross( MACD2signal,MACD2);
Whilst I have not run this thru the System Tester I think it should work okay.
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Please help with formula for Price Oscillator, I'm trying to make similar to MACD
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