none

• Main Authors: Ming-Chu Liao, 廖明珠
• Other Authors: Jin-Huei Yeh
• Format: Others
• Language: zh-TW
• Published: 2018
• Online Access: http://ndltd.ncl.edu.tw/handle/rmt4m7

碩士 === 國立中央大學 === 財務金融學系在職專班 === 106 === After Gerald Appel proposed the Moving Average Convergence / Divergence (MACD) in 1970, Thomas Aspray added the histogram feature to the indicator in 1986 as a predictive MACD crossover signal. So far, MACD formula starting with the demand index DI ((highest price + lowest price + the closing price of *2)/4) is also widely used. However, there is a MACD formula jointly developed by Sinopac Financial Holdings and Systex Corporation, an innovative one starting with the closing price with different initial weighting values. This paper explores the MACD formula and randomly selected two companies on the market to compare them based on the same date but different starting dates of the long trend and applies the MACD histogram of the rate of return above and below the zero line and the results show that the daily closing price weighting formula is the best.