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Strategies & Market Trends : TC2000 Users Technical Analysis Forum -- Ignore unavailable to you. Want to Upgrade?

To: Rob Kipp who wrote (1176)	11/8/1998 7:40:00 AM
From: CatLady	Read Replies (4) \| Respond to of 3291

Rob, I understand how MACD can be interpreted. In fact, this other indicator that I've been using is interpreted in much the same way. In Metastock it is constructed like this: MACD() - Mov(MACD(), 9, E) Elder calls this the "MACD histogram". Doing a full-text search of SI for MACD histogram turns up a few other posts supporting this terminology. TC2000 gives us a histogram of the MACD indicator rather than this "MACD histogram". CL [Edit] - If you have QP2, look at the help file for MACD Indicator, it has a good illustration in addition to this description: The Moving Average Convergence Divergence (MACD) indicator is displayed as two lines and a histogram. The MACD line results from the difference of two 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 two lines.