Chip Anderson published an article in 2012 titled "digging deeper into elder's impulse system" In that article he showed an Elder chart of FAST and below, just two indicators, MACD, (13,0) with an overlay of Slope (2) and the next one, MACD histogram (12,26,9) with an overlay of Slope (2).
According to Chips article: "the second indicator shows the slope of the 12,26,9 MACD Histogram. If the black line (Slope (2)) is above zero, the histogram is rising. If it is below zero, it is falling.
I used the same setup in my stock's "Daily elder chart", see: http://stockcharts.com/h-sc/ui?s=AMKR&p=D&yr=0&mn=8&dy=0&id=p84970074153&a=389401598
In my AMKR chart (see above link), the Slope(2) of the MACD Histogram is falling sharply, BUT the histogram itself is rising and I don't understand why.
Any help will be greatly appreciated