BullScan: MACD Histogram Scan

Print Page | Close Window

MACD Histogram Scan

Printed From: BullCharts Forum
Category: BullCharts
Forum Name: BullScan
Forum Discription: For discusssions on BullScan
URL: http://www.bullcharts.com.au/forum/forum_posts.asp?TID=81
Printed Date: 19 May 2024 at 7:49pm
Software Version: Web Wiz Forums 9.69 - http://www.webwizforums.com

Topic: MACD Histogram Scan

Posted By: Owen
Subject: MACD Histogram Scan
Date Posted: 21 Dec 2004 at 10:30am

I was trying to create a scan that picks up positive divergence between MACH Histogram and price on weekly bars, based on the criteria:
"MACD Histogram (12, 26, 9) MACD has increased every bar in the last 3 bars."
and
"Close has decreased every bar in the last 3 bars."

But for some reason this scan generates shares that have positive divergence between MACD (not MACDH) and price. Is this a bug?

Replies:

Posted By: Peter
Date Posted: 22 Dec 2004 at 9:12am

The MACD Historgram also draws the MACD - and it looks like it's picking the MACD component to scan on. From the scan criteria editor, select the MACD Histogram, then press the Parameters button. Select Histogram in the first dropdown.