Weekly time MACD

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07/29/2022 at 1:53 PM #198076 quote

samd
Participant

New

I was wondering how to screen for MACDLine crossing MACDSignal on the weekly timeframe that occurred on the week January 10th 2022.

07/29/2022 at 3:35 PM #198082 quote
robertogozzi
Moderator

Master
There you go:
```
Timeframe(Weekly)
Cond  = 0
ML    = MACDline[12,26,9](close)
MS    = MACDSignal[12,26,9](close)
FOR i = 253 DOWNTO 0
   IF Date[i] = 20220116 THEN
      Cond = ML[i] CROSSES OVER MS[i]
      break
   ENDIF
NEXT
SCREENER[Cond]
```
Beware that you MUST write the date the weekly bar closes, it is usually 6 days AFTER it opens (which is shown on your chart), but for some instruments/assets it’s 7 days AFTER the opening.
You may add this simple indicator to your weekly chart to find out:
```
RETURN Date AS "Closing Date"
```
Be warned that screeners with IG have a 254-bar history (1024 with PRT’s Premium version) and that MACD uses EMAs to make calculations, which require more that twice the PERIODS used in Macd itself. So you won’t be able to use periods larger than 70-80 for any of your MACD periods(MACD[70,110,10] will fail).

samd thanked this post
07/29/2022 at 10:36 PM #198095 quote

samd
Participant

New

Thanks, that worked
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Weekly time MACD

ProScreener: Market Scanners & Detection

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samd @samd Participant

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This topic contains 2 replies,
has 2 voices, and was last updated by samd
3 years, 7 months ago.

Topic Details

Forum:	ProScreener: Market Scanners & Detection
Language:	English
Started:	07/29/2022
Status:	Active
Attachments:	No files

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