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Registered User
Joined: 10/20/2008
Posts: 357
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how can i do this ?
i have rsi 40 line.
i have macd line overlaid on rsi and both aligned to zero line
i want to buy when rsi cross up thru 40 line
and
when macd line crosses rsi 40 line.
basically i want to buy when the momentume and rsi both are in gear and an explosive up move is potentially possible.
i think it will require the code to say macd line cross rsi 40 .
first we will have to define rsi 40 line. i guess.
thank you.
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Administration
Joined: 9/30/2004
Posts: 9,187
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You cannot scan or filter between two indicators that are not plotted on the same scale. Even if you center the 0 line on both, they're not scaled together.
If you scale them together, MACD will probably never cross RSI.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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arathod,
One thought on a way to use the same Scale would be to add a Stochastic of Indicator to the MACD and then compare the Stochastic to the RSI.
-Bruce
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