Investor/RT - Scan Center - MACD Bearish Cross (Intraday)

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MACD Bearish Crossover (Intraday)

Name
MACD Bearish Crossover (Intraday)

Submitted by
Mike Derr, Madison, WI

Periodicity
1 minute

Elements
MACD: MACD Oscillator

Explanation
This scan is used to discover bearish crossovers of the MACD. A cross of the zero line from positive to negative territory of the MACD oscillator is considered a sell signal. This scan could be applicable to other periodicities, such as daily, but the parameters specified below are believed to be effective for 1 minute intraday observations.

Signal
MACD1 > 0 AND MACD <= 0

Parameters
MACD
Price: Close
MA Type: Exponential
Short Term Period: 36
Long Term Period: 52
Signal Line Period: 18
Oscillator: check

Import
To import the scan into Investor/RT, simply copy the italicized text below into a text file, save the text file, and then from the Investor/RT menu, choose FILE:OPEN:FILE and then select your saved text file. Ensure that your parameters and periodicities match those above.

BEGIN INVESTOR/RT SCAN DEFINITION
COMMENT=MACD BEAR from linnsoft.com
SOURCE=Chad Payne
DATE=06/28/99
VERSION=3.7
DATAFEED=myTrack
NAME=MACD_Bearish_Crossover
QP=.All Symbols
PERIODICITY=5
ELEM=MACD:MACD Oscillator:MACD Oscillator [Scan] (36, 52, 18)
SCAN=MACD1 > 0 AND MACD <= 0 ; Bearish Crossover of MACD Oscillator
ALERT=NO
SOUND=NO
FREQUENCY=0
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- Comments
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END INVESTOR/RT SCAN DEFINITION