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bittwiddler
Posted : Friday, February 4, 2005 2:17:00 PM
Registered User
Joined: 12/29/2004
Posts: 7
Hi gang,

I have an EasyScan that is made up of two PCFs. The purpose of the scan is to find stocks that a) have a positive MACD value, and b) a stochastic value less than 49.

The PCFs look like this:

Positive MACD:
XAVGC12 - XAVGC26 - ( XAVG(XAVGC12,9) - XAVG(XAVGC26,9) ) > 0

Stochastic < 49:
STOC14.3 < 49

When I combine these into an EasyScan that looks over all stocks AMW is included in the results (AMW has a negative MACD (12,26,9) value today).

Where did I go wrong?

Thanks,
BT


Tanstaafl
Posted : Friday, February 4, 2005 6:43:02 PM
Registered User
Joined: 10/7/2004
Posts: 799
Location: Duluth, GA
Hi, BT:

The 12,26,9 MACD *Histogram* for AMW has been positive for both today and yesterday.

The 12,26 MACD *Indicator* line for AMW is negative today.

The equation you wrote:
XAVGC12-XAVGC26 - (XAVG(XAVGC12,9)-XAVG(XAVGC26,9)) > 0
is for a MACD Histo

If you want your scan to find Positive MACD's, use:
XAVGC12-XAVGC26 > 0

The Histo is the difference between the MACD and its signal line. It often "leads" the MACD (and the prices) ... but can give false signals.

Jim Dean



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