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To: papa bear who wrote (1548)	1/16/1999 12:43:00 PM
From: PRay	Respond to of 3291

Ron, A histogram is not just a different way to plot the MACD line. The MACD histogram shows the difference between the 2 lines of the MACD indicator: the fast line (12 and 26-day avgs) and the slow line (9-day avg). 12 and 26-day EMAs are used to calculate the first (fast) line and the second (slow) line is the 9-day avg of the first. When the fast line is above the slow line, you get readings above the midline on the MACD histogram, and vice versa. Where the two lines cross, the histogram crosses the midline. Check this link for more clarification. hooghen-windt.nl