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Registered User
Joined: 3/31/2011
Posts: 68
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MACD (12,26,9)
I am only interested in the MACD line (12,26). Is there a way to plot the MACD line in scale of 0 to 100. Also, I am only interested in the lookback period of 40. What I want to know is today's MACD value in terms of percentile with look back period of 40.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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I'm not sure if this is exactly what you want, but have you tried adding both the MACD indicator and Stochastic indicator to the charts and then changing the Data Source of the Stochastic indicator to use the MACD instead of Price History?
If you set the Period of the Stochastic to 40 and the %K to 1, it should plot where MACD is relative to its own range over the most recent 40 bars with the bottom of the range being 0 and the top of the range being 100.
How to change the data source for an Indicator
-Bruce
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Registered User
Joined: 3/31/2011
Posts: 68
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Bruce:
Thank you, I will try your idea.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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The Price Percent Oscillator is another possibility. It converts MACD into a percentage, but it doesn't run from 0 to 100 and it wouldn't specifically be looking at the most recent 40 days.
-Bruce
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Registered User
Joined: 3/31/2011
Posts: 68
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Thank you, Bruce. Your idea worked nicely.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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You're welcome.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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