Overview
The MACD provides
several useful conditions for screening
when combined with some extra conditions.
Since MACD is a trending indicator the extra
conditions will focus on ensuring trending
stocks.
The main point
of this newsletter is to highlight the ability
to screen for more than one signal of the
same indicator. This creates a series of
events which will (potentially) give the
trader a more desirable results list. Along
with some base price and volume conditions
a neat and tidy list can be generated.
Review: MACD
Review: Newsletter
37
In this months
newsletter we will show a nifty screen using
MACD, price and volume ratios as well as
offering some extra conditions that a trader
might want to add.
Sample screen:
Screen:
1) Exchange:
NYSE
2) Tech 1: MACD signal line cross within
2-5 days
3) Tech 2: MACD zero line cross within
0-2 days
4) Growth fundamental 1: 20 day price
ratio greater or equal to 1
5) Growth fundamental 2: 20 day volume
ratio greater or equal to 1
