Registered User Joined: 12/29/2004 Posts: 7
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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
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Registered User Joined: 10/7/2004 Posts: 799 Location: Duluth, GA
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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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