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Need help for alert for MACD against MA

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tsben88

Posted : Wednesday, April 3, 2019 9:41:49 AM

Registered User
Joined: 6/6/2017
Posts: 3

Need help .

I wish to write a formulation with the MACD that goes against the Moving Average, forming a "hook" for my hourly chart.

Attached are the pictures.

I would appreciate if you could assist me.

Thanks.

tsben88

Posted : Wednesday, April 3, 2019 9:58:20 AM

Registered User
Joined: 6/6/2017
Posts: 3

QUOTE (tsben88)

Need help .

I wish to write a formulation with the MACD that goes against the Moving Average, forming a "hook" for my hourly chart.

Attached are the pictures.

I would appreciate if you could assist me.

Thanks.

https://ibb.co/S7NG6M6

Bruce_L

Posted : Wednesday, April 3, 2019 11:22:58 AM

Worden Trainer

Joined: 10/7/2004
Posts: 65,138

So the idea is that it is that the MACD is moving toward its trigger line and then starts moving away?

If so, being above the MACD would be the following.

TrueInRow(MACD12.26 > AVG(MACD12.26, 9), 3) = 3 AND MACD12.26 > MACD12.26.1 AND MACD 12.26.1 < MACD12.26.2

And being below the MACD would be the following.

TrueInRow(MACD12.26 < AVG(MACD12.26, 9), 3) = 3 AND MACD12.26 < MACD12.26.1 AND MACD 12.26.1 > MACD12.26.2

You could combine these using OR and some parantheses to check for either possibility in the same formula.

(TrueInRow(MACD12.26 > AVG(MACD12.26, 9), 3) = 3 AND MACD12.26 > MACD12.26.1 AND MACD 12.26.1 < MACD12.26.2) OR (TrueInRow(MACD12.26 < AVG(MACD12.26, 9), 3) = 3 AND MACD12.26 < MACD12.26.1 AND MACD 12.26.1 > MACD12.26.2)

You need to make sure the time frame of the formula is set to hourly if you want it to match an hourly chart.

-Bruce
Personal Criteria Formulas
TC2000 Support Articles

tsben88

Posted : Wednesday, April 3, 2019 1:04:06 PM

Registered User
Joined: 6/6/2017
Posts: 3

QUOTE (Bruce_L)

So the idea is that it is that the MACD is moving toward its trigger line and then starts moving away?

If so, being above the MACD would be the following.

TrueInRow(MACD12.26 > AVG(MACD12.26, 9), 3) = 3 AND MACD12.26 > MACD12.26.1 AND MACD 12.26.1 < MACD12.26.2

And being below the MACD would be the following.

TrueInRow(MACD12.26 < AVG(MACD12.26, 9), 3) = 3 AND MACD12.26 < MACD12.26.1 AND MACD 12.26.1 > MACD12.26.2

You could combine these using OR and some parantheses to check for either possibility in the same formula.

You need to make sure the time frame of the formula is set to hourly if you want it to match an hourly chart.

Thanks Bruce!

Bruce_L

Posted : Wednesday, April 3, 2019 1:05:03 PM

Worden Trainer

Joined: 10/7/2004
Posts: 65,138

You're welcome.

-Bruce
Personal Criteria Formulas
TC2000 Support Articles

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