Available translations

MACD - Pluvtech's Version

Summary: Moving average convergence divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price.
The parameters of the Pluvtech MACD indicator can be changed by locating and opening the Javascript Code under Data Building Procedure -> Procedure Initialization under ’Pluvtech MACD’ Product Definition.
Products & Properties
The following properties are available to access:
Product Name Product Variable Properties
Pluvtech MACD PLUVTECH_MACD macd, signalLine, histogram, reverseMacd, macdEmaCross, macdZeroLine
  • reverseMacd: Price action closing above this value will cause an increase of the MACD and Vice Versa.
  • macdEmaCross: Price action closing above this value will cause the MACD to cross above the EMA signal line and Vice Versa.
  • macdZeroLine: The predicted closing price value which would make MACD = 0
A simple strategy could be built using the MACD crossing when below the zero line:
 chart.at30min.PLUVTECH_MACD.previous.macd < chart.at30min.PLUVTECH_MACD.previous.signalLine && chart.at30min.PLUVTECH_MACD.macd > chart.at30min.PLUVTECH_MACD.signalLine && chart.at30min.PLUVTECH_MACD.macd < 0
Waddah Attar
Hull Moving Average