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

To: AL who wrote (8987)	12/12/1998 8:14:00 PM
From: CatLady	Read Replies (1) \| Respond to of 12039

equis.com

To: AL who wrote (8987)	12/12/1998 8:15:00 PM
From: David Raine	Read Replies (2) \| Respond to of 12039

Here's how Equis defines the MACD: Most analysts (including Equis International's) say that the MACD indicator is "the difference between 12-day and 26-day exponential moving averages." However, the indicator is really the difference between 0.15 and 0.075 exponential moving averages (whereas, when expressed in decimal form, the 12- and 26-day exponential moving averages are actually 0.153846 and 0.076923 exponential moving averages). Due to these minor differences in the exponential values, the following formula is slightly different than the predefined MACD indicator. mov( close, 12, E) - mov( close, 26, E) The MACD's trigger (which is a 9-day exponential moving average of the MACD indicator) can be calculated as shown below: mov( macd(), 9, E) Does that help??? David Raine Vancouver