Default Scripts

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  • #65451
    Louis
    • Topics: 14
    • Replies: 21
    • Posts: 35

    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:

    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:

    Screenshot 2021-08-07 014154

    Please let me know how to read this default script please. Thank you.

    #65490
    Matthew
    • Topics: 5
    • Replies: 422
    • Posts: 427

    Hi,

    What time frame did you run the scan on?  In your screen shot it is a Weekly chart, and when i apply the script to a Show Bar, there are no recent hits.  If however i swap to a Daily chart, there are results found, and they are correct.

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