MACDHistogram

MACD-Histogram offers a deeper insight into the balance of power between bulls and bears than the original MACD. It shows not only whether bulls or bears are in control but also whether they are growing stronger or weaker. It is one of the best tools available to a market technician. MACD-Histogram MACD line - Signal line MACD-Histogram measures the difference between the MACD line and the Signal line (see worksheet, Figure 26-1). It plots that difference as a histogram a series of vertical...

How to Create MACD

The original MACD indicator consists of two lines a solid line (called the MACD line) and a dashed line (called the Signal line). The MACD line is made up of two exponential moving averages (EMAs). It responds to changes in prices relatively quickly. The Signal line is made up of the MACD line smoothed with another EMA. It responds to changes in prices more slowly. Buy and sell signals are given when the fast MACD line crosses above or below the slow Signal line. The MACD indicator is included...

First Screen Market Tide

Triple Screen begins by analyzing the long-term chart, one order of magnitude greater than the one you plan to trade. Most traders pay attention only to the daily charts, with everybody watching the same few months of data. If you begin by analyzing weekly charts, your perspective will be five times greater than that of your competitors. The first screen of Triple Screen uses trend-following indicators to identify long-term trends. The original system uses the slope of weekly MACD-Histogram...