Registered User
Joined: 2/7/2005
Posts: 4
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I am looking to set up a scan that finds stocks which have the Money Stream crossing up through the 0 line and the reverse the MS line down through the 0 line(I set up the MS & MACD histogram together)Thanks for your help
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Worden Trainer
Joined: 10/1/2004
Posts: 4,308
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You should remember that the MACD zero line has no correlation to MoneyStream. What I think you're looking for is when MoneyStream seems to be moving up and has just gotten above half way up the chart window (or halfway down).
Depending on the zoom level, when Moneystream is plotted for the period visible on the chart, there is a certain range of values during the period that must fit on the chart. When you look at MoneyStream today, for instance, you would be able to tell whether it is near the top of its range for the period, or perhaps closer to the bottom.
MoneyStream approaching that MACD zero line, and in fact crossing it either up or down, simply means that MoneyStream is near the middle of its range for the period.
A quick way to find that would be to do a visual value sort on MoneyStream. Sort any WatchList by the visual value of MoneyStream, and then look for values around 50...from slightly above 50 to slightly below 50. It would be a simple matter to scroll through those stocks to see which ones have actually crossed the middle of its range.
If you're not familiar with visual value sorting, you might want to watch this training video:
Sort by Visual Value to find new highs and lows in price and indicators
- Doug
Teaching Online!
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