sidParticipant
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.
for stocks where an uptick has already happened
already happened for how many bars?
sidParticipant
New
Well just looking for ascending (below zero line) or descending (above zero line) regardless of when happened.
Cheers
sidParticipant
New
Come to think of it, can i just screen for one macd line above the other to do it??
Well, you should help me to understand correctly your query by adding a picture of your setup in your next post, many thanks!
sidParticipant
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.