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Registered User
Joined: 9/7/2014
Posts: 36
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Is there a way to write a PCF that would describe the 20EMA converging towards the 40EMA for the last 3 bars and one where there is divergence for the last 3 bars
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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The 20 and 40 EMAs getting closer to each other while remaining on the same side can be written as follows.
TrueInRow(ABS(MACD20.40) < ABS(MACD20.40.1) AND SGN(MACD20.40) = SGN(MACD20.40.1), 3) = 3
Getting further apart would be the following.
TrueInRow(ABS(MACD20.40) > ABS(MACD20.40.1) AND SGN(MACD20.40) = SGN(MACD20.40.1), 3) = 3
-Bruce
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Registered User
Joined: 9/17/2010
Posts: 484
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ABS(MACD20.40) < ABS(MACD20.40)??? Wouldnt they always be equal? Am I missing something?
Ditto
TrueInRow(ABS(MACD20.40) > ABS(MACD20.40)
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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You aren't missing anything. The second instance in each comparison should be MACD20.40.1 instead.
-Bruce
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Registered User
Joined: 9/7/2014
Posts: 36
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Thanks Bruce your'e the best. Bob, thank you as well.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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You're welcome.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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