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How can I overlay MACD without the histogram?

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Indicators can be shown as price overlays by positioning them behind the price. After selecting the indicator in SharpCharts, simply choose “behind price” for the position. Positioning the indicator behind the price makes it easy to see the relation between the indicator and the underlying price.

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MACD can be positioned behind the price, but the MACD-Histogram can sometimes make the chart look cluttered. Here are the steps to remove the MACD-Histogram and view only MACD with its signal line. First: choose MACD has an indicator. Second: change the number of periods for the signal line from 9 to 1. Third: click on “advanced options” and add a 9-period EMA. For those wishing to see the MACD-Histogram, it can be added as a stand alone indicator in a window below the price chart.

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Arthur Hill
About the author: , CMT, is a Senior Technical Analyst at StockCharts.com. He has written articles for numerous financial publications including Barrons and Stocks & Commodities magazine. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed technician. In addition to his CMT designation, Arthur holds an MBA from the Cass Business School at City University in London. Learn More
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Thanks, Arthur, I've been looking for that display for a long time.
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