Knowledgebase:
MACD
Posted by Mohammad Rahhal, Last modified by Rawan Al Hourani on 19 June 2016 10:17 AM

Syntax

Public Function MACD(chart_ID As Long ,longCycle As Integer, ShortCycle As Integer,SignalPeriod As Integer) As String

The MACD is a moving average oscillator that shows potential overbought/oversold phases of market fluctuation.

The MACD is a calculation of two moving averages of the underlying price/indicator. The histogram is simply a bar graph of the MACD minus the MACD Signal line.

Buy/Sell interpretations may be derived from crossovers (calculated from the Signal Periods parameter), overbought/oversold levels of the MACD and divergences between MACD and actual price.

Parameters

Key Description 
chart_ID Chart identifier, 0 is the current chart ,value of type Long
longCycle Specifies long length of time used in the moving average calculations, vlaue of type Integer.
ShortCycle Specifies short length of time used in the moving average calculations , value of type Integer.
SignalPeriod The calculation period, on which the indicator will be calculated, value of type Integer

Return value

Returns the handles of a technical indicator, in case of failure returns a empty string.

Sample

Public Sub main()

AlertMessage (MACD(0, 12, 14, 9)) 'Draws the indicator on chart and shows an Alert Message with the indicator name.

End Sub


See Also


Back to VTL Client Script Index

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