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I was able to follow your formula to make it a condition and extended the monthly from 12 to 15 bars.
Yes, the positive candle is when the close is above the open, green candle.
If you can figure out another way to compare matching monthly and weekly closes, please let me know, otherwise it will be a manual process.
A positive close is the candle closes positive for the period.
The first scan should identify only the positive monthly closes going back twelve candle bars with that of only the positive closes of the previous 30 weekly candle bars. Compare only the positive closes and when any matching monthly and weekly closes should produce a list of stocks.
Could you create a PCF to scan for stocks that compares the positive closes with the same exact matching closing price for the previous 12 bars for monthly closes and 30 bars for weekly closes.
Thank you for the monthly formulas.
Sticking to the MACD histogram (5,8,3) OR (12,26,9) could you write the formulas for new MACD high and lows based on -
52 week period
130 day period
I appreciate if you could write the first of the two formulas that you provided for the opposite direction, recognizing new MACD lows.
Could you write it for the raw MACD?
MACD histogram for both settings for 36 periods (583) OR (12,26,9) with either MACD reaching new highs on the monthly time frame. When created from chart it does not have OR since it i watchng for both o meet the criteria.I like to see stocks when one meets the critera in either seting.
The time periods are as follows
Could you write a custom scan PCF to combine two MACD settings and when either criteria is met, lists the stocks that are at new highs?
MACD setting 5,8,3 and "OR"
MACD setting 12,26,13
If the time frame is not variable, write them for monthly, weekly and daily time frames.