Ask Colin

We read your article with great interest and were interested to know how you created the chart with MACDH part on it. We have the Metashare/Metastock system, but I can't seem to create the same overlay that you have. Is it in the system parameters, or is it not available in that form you have used with this system?

The MACD fast line is the difference between a 26 day EMA and a 12 day EMA. The Signal line is a 9 day EMA of the MACD line. The MACDH is the difference between the MACD line and the Signal line. Ref Dr Alexander Elder Trading for a Living pages 127 to 135.

I don't know whether MS has MACD or MACDH as standard indicators. I assume not since you would have already found them in the manual if they were. Why don't you complain to Equis/Reuters that such common indicators are missing? You should be able to program them in quite easily from the pages quoted from TFL above.