MACD function

Denis · Post by **Denis** » Fri Nov 17, 2006 10:49 am

Hi,
The MACD function has 3 period, but on the chart drawning only 2 lines and histogram, value of histogram(x) = line1(x) - line2(x), where is line 3 ?

Narcís · Post by **Narcís** » Fri Nov 17, 2006 12:53 pm

Hi Denis,

Please read this MACD's definition. Could you please provide us with some more extensive information of what you are describing?

Thanks in advance.

Denis · Post by **Denis** » Fri Nov 17, 2006 1:42 pm

Sorry, I don't understand ,
in the property dialog for MACD function I see three properties:
1. Histogram
2. MACD
3. Exp. Line

Is Exp. Line equal signal line from http://en.wikipedia.org/wiki/MACD or this line is EMA line ?

How to hide candle series ? This series work slowly when number of candles greater N (depending on machine) on the screen, I want to hide candle series and show fast line series (example by closing price).

Narcís · Post by **Narcís** » Mon Nov 20, 2006 11:50 am

Hi Denis,

For MACD function, the function ParentSeries shows EMA[25] which is EMA[26]-EMA[12]. IOther shows EMA[9] of ParentSeries, i.e.: EMA[9] of (EMA[26]-EMA[12]). IHisto shows the difference between MACD and IOther. MACD.ParentSeries shows MACD, MACD.IOther shows the "signal", MACD.IHisto shows the histogram, i.e.: the difference between MACD and "signal". The "exp line" is the signal.

Hope this helps.

How to hide candle series ?

You can set its Active property to false.