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Registered User
Joined: 3/31/2005
Posts: 37
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I have a level detection problem and any assistance will be greatly appreciated.
I want to scan a watchlist and detect when the MACD histogram reverses direction either positive or negative.
I have been able to find the way to make a condition to detect zero crossing but I want to detect the reversal of the direction and I have not been able to find a solution.
Thank you.
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Administration
Joined: 9/30/2004
Posts: 9,187
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Add a moving average, simple, period 1 and offset 1 to the MACD histogram.
Then click on MACD and Create Scan Condition. Set the condition to "crossing up moving average 1+1". You can add it as a sort column or save the condition and use it in a scan. It will return True when MACD reverses direction to the upside.
Repeat and select "crossing down moving average 1+1" for reversals to the downside.
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Registered User
Joined: 3/31/2005
Posts: 37
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Thank you. I am not sure about the 1 + 1 but will try to figure it out. Thanks again.
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Administration
Joined: 9/30/2004
Posts: 9,187
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When you add a moving average and Edit it, set the Period to 1 and the Offset to 1. It shows "1+ 1" in the name of the indicator.
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Registered User
Joined: 3/31/2005
Posts: 37
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On the screen it states "MovAvg 1", but I have period set to 1 and offset set to 1 and it appears to function as I requested. thank you.
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Administration
Joined: 9/30/2004
Posts: 9,187
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I'm sorry, didn't notice you were running StockFinder which doesn't show the +1.
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