Hi,
I was looking at one of your default scripts. It is called “MACD Cross Above Signal 1.” I ran a scan of the Russell 300 with it. The script is:
MD1 = MACD(TYPE=COMBO, BAR1=12, BAR2=26, OSC=9); MD1.OSCILLATOR CROSSESABOVE MD1.AVERAGE
This looks like it says, return securities where the MACD oscillator line (the 12ema - 26ema) crosses above the average line (the smoothed oscillator line).
I was surprised to see it return securities that look like the following:
Please let me know how to read this default script please. Thank you.