Registered User
Joined: 3/13/2005
Posts: 4
|
The MACD moves to positive and negative extremes centered around the zero line. The ADX moves between zero and one-hundred. I am looking for a way to create a rule that will isolate the point, within a few bars, when these two indicators are at opposite extremes and then reverse. The problem that I am having is that there is not a fixed maximum value, positive or negative, for MACD that can be considered an extreme when applying it to a scan of 250+ symbols. As for the ADX, I have designed my current search around an ADX crossover of a moving average to isolate its turning point. I guess what I need is a greater then or equil to Real Code Formula to define the MACD turning point, but that is outside of my ability at this time. If you need to look at a symbol with this setup, take a look at a daily chart of CTRP on 2/10/10. That is the turning point I am trying to capture in a sort. Thanks in advance.
|
Worden Trainer
Joined: 10/7/2004
Posts: 65,138
|
QUOTE (aksmith) As for the ADX, I have designed my current search around an ADX crossover of a moving average to isolate its turning point.
Why not use the same approach for MACD? You can Drag and Drop both ADX and MACD onto their Moving Averages to create Rules for crossovers. If you check for this to be True say 1 of 3 Bars for both Rules, you can Drag and Drop the Rules onto each other to create a Combo Rule.
Rule Basics
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
|