FYI, MACD is coming almost correct - its the MACDAvg which is varied greatly.

The code works but it is producing different values than the chart. Been trying to figure out from last 2 days but no luck - have looked everywhere. For eg: Values from chart: 9/28/2012 MACD: 35 MACDAvg: -8 Values in code (debug output): 9/28/2012 MACD: 26 MACDAvg: -10 Although difference is somewha...

Also, is there a functional reference for Power Language somewhere? I can't find it.

Is this code right to calculate MACD on data3 series?

Thanks, that solves the main problem. I have a separate issue if you can help: I'm calculating MACD on a 'data3' series, which is displayed in monthly interval. Here's the code: var1 = MACD( Close, 8, 16) data3 ; var2 = XAverage( var1, 11 ) ; Now the values at a specific date calculated by above cod...

I just finished reading the text, it was very helpful. However, I have one question, how will 'Data2' variable will work while working on portfolio backtester?

Because I assume portfolio backtester doesn't open charts to backtest. It does all its calculations in background, right?

Applying indicator sounds fine, but how an entry signal will work like this while performing backtesting?

I'm currently using eSignal, but in process of making a transition to MC because its optimization features are irresistible. One of my first step involves creating this strategy in MC, which I've been using in eSignal from quite a while. The entry criteria is something like this: If today's closing ...