MACD histogram Offset Value

Optuma Scripting
1

Hi,

I am trying to workout the MACD histogram offset value in the watch list.

say for example below, current bar has MACD histogram value of -2.834 which is easy to populate with MACD() script, I am trying to populate histogram bar 4 value which would be approximate -1.0. the idea is to work out rate of change in histogram compare to the previous bars.

Any help to work out the script is much appreciated.

MACD Histogram Offset

2

Hi Chintan,

You can use the rate-of-return ROC() function on the MACD, so for a 5 period change in 12/26/9 MACD:

V1 = MACD(BAR1=12, BAR2=26, OSC=9, DEFAULT=Histogram);
ROC(V1, BARS=5)

You can also apply the ROC tool to the MACD to calculate it on a chart, but the values can vary wildy - especially when crossing the zero line.

https://www.optuma.com/videos/how-to-apply-indicators-on-indicators/