How to screen for upcoming possible crossover?

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  • 06/01/2018 at 2:45 PM #71958 quote
    Magnatolia
    Participant
    New

    Hi everyone,

    I’m wanting to screen for stocks where the MACD line has moved up from the previous close period, and is currently say -0.0007 or 0.0007 under the signal line. Essentially, I don’t mind if the MACD is over or under the zero line, but I want to know that the last close has moved up and the gap between MACD and signal is minimal. That way I can look through a list of stocks that may hit my buy signal and determine if my other indicators align.

    Thanks heaps for any assistance!

    06/01/2018 at 3:06 PM #71959 quote
    Nicolas
    Keymaster
    Master

    You can try with this code: (not tested)

    trigger = 7 // in pips format 

mmacd = exponentialaverage[12]-exponentialaverage[26]
signal = exponentialaverage[9](mmacd)

c1 = abs(mmacd-signal)<trigger*pointsize
c2 = close>close[1]

screener [c1 and c2]
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How to screen for upcoming possible crossover?


ProScreener: Market Scanners & Detection

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Magnatolia @magnatolia Participant
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This topic contains 1 reply,
has 2 voices, and was last updated by Nicolas
7 years, 9 months ago.

Topic Details
Forum: ProScreener: Market Scanners & Detection
Language: English
Started: 06/01/2018
Status: Active
Attachments: No files
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