MACD ascending/descending

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  • #33121 quote
    sid
    Participant
    New

    Hello people,

    Does anyone know how i can make an MACD screen give results for only stocks with rising or falling MACD histogram?

    An MACD uptick screen is easy as the indicator is already there, but i want to also screen for stocks where an uptick has already happened and the MACD histogram is still rising (or falling) – but want to screen so i dont get both risers and fallers.

    Thanks for any help.

    #33153 quote
    Nicolas
    Keymaster
    Master

    for stocks where an uptick has already happened

    already happened for how many bars?

    #33196 quote
    sid
    Participant
    New

    Well just looking for ascending (below zero line) or descending (above zero line) regardless of when happened.

    Cheers

    #33197 quote
    sid
    Participant
    New

    Come to think of it, can i just screen for one macd line above the other to do it??

    #33205 quote
    Nicolas
    Keymaster
    Master

    Well, you should help me to understand correctly your query by adding a picture of your setup in your next post, many thanks!

    #34654 quote
    sid
    Participant
    New

    All i was looking to do was to screen for stocks where the MACD histogram is below the zero line AND ascending. Like this chart on the far right before todays breakout ;

    http://stockcharts.com/h-sc/ui?s=CTO.L&p=D&b=5&g=0&id=p80986677840

    I can use the upturn/downturn indicator = 0 , but that would include results where the MACD is also DESCENDING. Would like to narrow it down to those ASCENDING.

    Cheers for any help.

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MACD ascending/descending


ProScreener: Market Scanners & Detection

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This topic contains 5 replies,
has 2 voices, and was last updated by sid
8 years, 10 months ago.

Topic Details
Forum: ProScreener: Market Scanners & Detection
Language: English
Started: 04/24/2017
Status: Active
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