Your formula -- Mov(C,13,E) - Mov(C,34,E)-Mov((Mov(C,13,E) -
Mov(C,34,E)),89,E) -- basically embodies the QP formula. I suppose they saw the the usefulness of doing it that way, too. Their first line is (in the language of your formula): Mov(C,13,E) - Mov(C,34,E). And their second line: Mov((Mov(C,13,E) - Mov(C,34,E)),89,E). Their histogram is yours -- the difference between those two lines.
Here's how QP spells it out: "The Moving Average Convergence Divergence (MACD) indicator is displayed as 2 lines and a histogram. The MACD line results from the difference of 2 exponential moving averages (EMA). The second line is a signal line that is an EMA of the MACD line. The histogram displays the size of the difference between the 2 lines."
I'm going to start using your formula in WOW. It makes the histogram more useful. Thanks.
Brooke |
