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Replying to message 19749
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Sarel Snyman

 
Subject : RE: Base OT2009 Formulas
Posted : 10/12/2011 4:42 AM
Post #19749 - In reply to #10768

Hi Matthew

Have you tried to code in omnilanguage an indicator called StochMACD. As I understand this changes MACD from open ended to closed by applying stochastic formula to it. I am useless at code so wouldn't know where to start.
I would like to plot 2 or 3 different timeframe MACD's on this basis over each other. That way the best possible entry would be where all 3 cross ip or down - or so i think!
Here is a formula I found for StochMACD
StochMACD=100*(MACD()-LLV(MACD(),14))/(HHV(MACD(),14)-LLV(MACD(),14));
Plot(StochMACD,"StochMACD",1,1);
Thanks
Sarel

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