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Strategies & Market Trends : TA-Quotes Plus -- Ignore unavailable to you. Want to Upgrade?

To: Richard Estes who wrote (2688)	12/9/1997 8:47:00 PM
From: TechTrader42	Read Replies (2) \| Respond to of 11149

Thanks. I see Metastock does it the same way QP does it, subtracting the two lines to get the histogram with the 0 trigger. Interesting. Does Metastock show two lines and a histogram? Or just one line and the histogram? Brooke

To: Richard Estes who wrote (2688)	12/9/1997 9:13:00 PM
From: TechTrader42	Read Replies (1) \| Respond to of 11149

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