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MACD Histogram - CCT
Most analysts (including Equis International's) say that the MACD indicator
is "the difference between 12-day and 26-dayexponential moving averages." I've never been one to run withthe crowd (even though I was part of the Merrill Lynch "herd"). The CCT MACD Histogram substitutes fibonacci numbers, creating anindicator that is smoother than a lot of versions floating around.


MACD Histogram - CCT

(Mov(C,13,E) - Mov(C,21,E))-(Mov((Mov(C,13,E) - Mov(C,21,E)),5,E))

 

e-w-MACD_Histogram_CCT.gif
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