Weekly time MACD

• 07/29/2022 at 1:53 PM #198076
  samd

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

  

  samd

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

  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]

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  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"

  1	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).

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  samd

  

  robertogozzi

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  07/29/2022 at 10:36 PM #198095
  samd

  Thanks, that worked

  

  samd

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