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Suppose that a modified MACD method is used. In this method, 2-day, 3-day and 4-day EMA are used instead of 9-day EMA, 12-day EMA and
Suppose that a modified MACD method is used. In this method, 2-day, 3-day and 4-day EMA are used instead of 9-day EMA, 12-day EMA and 26-day EMA, respectively. Assume that the initial (i.e., for Day 0) 2-day EMA, 3-day EMA and 4-day EMA are $100, $102 and $103, respectively.
Compute the histogram value for Day 2 for the modified MACD method.
Day | Closing Price |
1 | $100 |
2 | $115 |
3 | $118 |
4 | $115 |
5 | $113 |
Answer for the histogram value (two decimal places): ___________
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