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Platinum Customer
Joined: 10/7/2004 Posts: 14
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I need to know if i can write a pcf identifying stocks that are coming off an overbought point. My settings are 9,42,15. I am plotting the macd as a histogram and by overbought I mean a reading showing the histogram bar at an extreme high. I would like to see stocks where the most current bar is a little closer to the zero line than the preceding longer bar.
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Worden Trainer
Joined: 10/1/2004 Posts: 4,308
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seanyboy:
Please check out this entire thread. There is a basic MACD video, but more important to your request, there are a number of PCF's related to MACD histograms. I'm sure if you check them out, you'll find what you're looking for.
Understanding MACD
- Doug Teaching Online!
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Worden Trainer
Joined: 10/1/2004 Posts: 18,819
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Check out this video and the PCFs that are under it. I think you should have everything you need there:
Understanding MACD
Let me know if you need more help after you watch/read it.
- Craig Here to Help!
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