Announcement

Collapse
No announcement yet.

Looking for a ratio to calculate number of bars

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Looking for a ratio to calculate number of bars

    I am looking to see if someone knows a formula or ratio to calculate how many bars would be the equivalent of a macd value. For example, if the macd has a value of 0.001, how many bars would that represent? To illustrate that better, if you were to measure with a ruler the distance from the macd value of 0.001 to the 0 line, then take that measurement and measure horizontal to see how many bars that value would be.

    The problem I am having is once you adjust the scaling on the charts, if effects the width and not the height so depending on your horizontal scale you will always get a different number of bars on the calculation. Does anyone have any suggestion how this can be done when using different scales.

    Thanks, Steven

  • #2
    Steve,

    To "measure" MACD you need a reference value. Bars are not all equal, so calculate an AvBar and that is all. This is how I do it.

    Good Luck!
    Mihai Buta

    Comment

    Working...
    X