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MACD Histogram

These two formulas are for the Dr. Alexander Elder indicators.

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:

Mov(If(DayOfWeek()=5,C,Peak(1,If(DayOfWeek()=5,C,0),1)),60,E) - Mov(If(DayOfWeek()=5,C,Peak(1,If(DayOfWeek()=5,C,0),1)),130,E) - Mov(Mov(If(DayOfWeek()=5,C,Peak(1,If(DayOfWeek()=5,C,0),1)),60,E) - Mov(If(DayOfWeek()=5,C,Peak(1,If(DayOfWeek()=5,C,0),1)),130,E),45,E)


For additional help with formulas, please see the Formula Primer.

If you cannot find the custom formula you need, Equis International can create formulas for you. If you would like more information on this service, CLICK HERE.