|
5,35,5 MACD
MetaStock Formula
The 5,35,5 MACD is a variation of the standard 12,26,9 MACD and
was made popular by Chris Manning, who uses it to identify major
market divergence points:
|
| ((Mov( CLOSE, 5, E) - Mov(
CLOSE, 35, E))-(Mov((Mov( CLOSE, 5, E) - Mov( CLOSE, 35,
E)),5,E))) |
|
When first plotted on a chart, the 5,35,5 MACD will appear as a
solid line with no horizontal line at the value of zero (as shown
in picture below).
After applying the 5 35 5 MACD indicator to your chart, use the
following steps to create a histogram with vertical line at zero.
- Double click the indicator to open the properties dialogue
box.
- Select the Color\Style tab and using the Style drop-down list,
select the histogram setting (second from the bottom).
- Select the Horizontal Lines tab and enter a value of zero (0)
for the horizontal line value. Click Add.
- Click OK (indicator will appear as per picture below)
|
