How do I create an indicator in MetaStock?
How do I create an indicator in MetaStock?
To enter the indicators into MetaStock:
- In the Tools menu, select Indicator Builder.
- Click New to open the Indicator Editor for a new indicator.
- Type the name of the formula.
- Click in the larger window and type in the formula.
- Click Ok.
- Repeat steps 2-5 for the remaining two formulas.
How do you calculate a MACD histogram?
The MACD histogram is calculated as the MACD indicator minus the signal line. Observe that: When MACD is above the signal line then the histogram is positive. When MACD is below the signal line then the histogram is negative.
How is MACD calculated?
The MACD is calculated by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA. A nine-day EMA of the MACD called the “signal line,” is then plotted on top of the MACD line, which can function as a trigger for buy and sell signals.
What are good MACD numbers?
MACD crossing above zero is considered bullish, while crossing below zero is bearish. Secondly, when MACD turns up from below zero it is considered bullish. When it turns down from above zero it is considered bearish.
What are green and red bars in MACD?
The Black line is the MACD Line and the Red Line in the image above is the Signal line. The bars as visible in green and blue are the MACD histogram. The Green Bar stands for an increasing bar and the blue bar stands for a decreasing bar.
How do you read MACD indicators?
When the MACD line crosses from below to above the signal line, the indicator is considered bullish. The further below the zero line the stronger the signal. When the MACD line crosses from above to below the signal line, the indicator is considered bearish. The further above the zero line the stronger the signal.
What is the formula for the MACD Histogram?
The custom formula for the MACD Histogram is: ( Mov ( C,12,E ) – Mov ( C,26,E ) ) – Mov ( ( Mov ( C,12,E ) – Mov ( C,26,E ) ),9,E ) The custom formula for the Weekly MACD Histogram utilizing daily data is:
What is the MACD indicator?
The MACD (“Moving Average Convergence/Divergence”) is a trend following momentum indicator that shows the relationship between two moving averages of prices. The MACD was developed by Gerald Appel, publisher of Systems and Forecasts. The MACD is the difference between a 26-day and 12-day exponential moving average.
How is the Buck – MetaStock indicator formula calculated?
Bang For The Buck – Metastock Indicator Formula by MetaStock Programming Study Guide This indicator shows the possible dollar return (on a $10,000 account) for a security on any given period. This is calculated by dividing a
What is the formula for MACD divergence?
It is written using a “long form” MACD so that the time periods used by the MACD may be changed. This indicator shows “divergence” between the close and the indicator: In the Windows versions of MetaStock the formula is: Correl(((Sum(Cum(1)*(Mov(C,12,E)-Mov(C,26,E)),100))-(Sum(Cum(1),100)*.
