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Strategies & Market Trends : TC2000 Users Technical Analysis Forum
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To: Bob Jagow who wrote (1074)9/29/1998 8:21:00 PM
From: Gary Burton  Read Replies (1) of 3291
 
Bob--I expressed myself incorrectly. The problem in my view is that--regardless of whether one uses a simple or exponential moving average--the peaks in the MACD (eg 5/17 period ) as well as RSI and ROC (use 10 period) do not appear to line up between V3 and V4. For this purpose, go to a long term monthly chart of the DJIA in log scale going back to say the late 1970's if you have one and use simple moving averages for the oscillators. In V3, the MACD peaks in 1983 and 1986 seem to be higher than in 1987 and also 1987's peak seems to be slightly higher than the 1997 peak. In contrast, using the same parameters, the 1997 peak in V4 is the highest on record. Now go to RSI (10 period)--in V3 the peak in 1986 is higher than in 1996 while in V4 the peak in 97 is higher than in 96 and also higher than in 1987. same thing for ROC (10 period)---V3 says 1983 peak was higher than 1987 which was in turn higher than 1997 but V4 says the reverse trend is true- 83 is less than 89 which is less than96 which is less than 97.. At the moment I;m still scratching my head over this as it would appear to me that either V3 or V4 is wrong (I suspect V4), I have emailed tech support and will report back what they say. At this point, something certainly seems out of kilter as one derives the exact opposite message re divergences depending on whethe rone happens to be looking at V3 or V4 --at least as it pertains to a long term chart of the DJ
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