Hi All
Im still very new to all of this and very much finding my feet (still enjoying the learning process though) – I just cant get this basic stock screener to work
I only want to return stocks where the MACD Line has crossed the MACD Signal line at some point over the past 5 days only AND all of my other conditions are also currently met TODAY.
At the moment it seems to be returning stocks where the MACD Line is above the MACD Signal line irrespective of when the crossover actually occurred.
// screener code
TIMEFRAME(daily)
vol=Volume
Mline=MACDline[12,26,9](close)
Msignal=MACD[12,26,9](close)
EMA10=ExponentialAverage[10](close)
EMA20=ExponentialAverage[20](close)
Test1 = summation[5](Mline CROSSES OVER Msignal)
Test2 = (EMA10 > EMA20) AND (EMA10 > EMA10[1]) AND (EMA10 > EMA10[2]) AND (EMA20 > EMA20[1]) AND (EMA20 > EMA20[2])
screener[test1 AND test2] SORT BY (vol)
Really sorry if I have presented this in the wrong way or not been clear about my issues but I really appreciate any comments/thoughts/suggestions??
Many thanks
Apology accepted but the few simple rules are not difficult to follow. Just read them and find the correct tools before posting so that we don’t have to waste time tidying up posts is all we ask.
The forum rules are as follows. I have highlighted in bold the rule/rules that you have not followed:
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I have edited your post where required. Please ensure that your future posts meet these few simple forum rules. 🙂
I can’t see anything wrong. I would turn the screener into an indicator and then use GRAPH to show you what all the values are and then you might find the mistake. Have you found a stock where it should be true to test it on?
I would have written line 9 as:
Test1 = summation[5](Mline CROSSES OVER Msignal) >= 1
…but my platform is not open at the moment to check if both lines return the same result.
I think line 5 should read (v11.x)
Msignal=MACDsignal[12,26,9](close)
(v10.3):
Msignal=ExponentialAverage[9](Mline)
Well spotted Roberto. Sometimes we need a v10.3 head and a v11 head!
Thank you both for your posts and help.
Apologies about my original post – I could not find the insert PRT code button
