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A simple approach to picking a top or bottom is
something like:
MACD() < ref(MACD(),-1) and ref(macd(),-1) >
ref(macd(),-2)
Is this what you're after?
It's a definite change in direction but it signals
up to a month late, and it might signal minor wobbles as well as major
tops.
If you visual checks are achieving 90% success
rate, it sounds like you might be visually picking tops in hindsight which can
probably not be achieved with an objective formula such as the
above.
Peter K
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
<A title=secutor@xxxxxxxxxxxxxxx
href="">secutorca
To: <A
title=equismetastock@xxxxxxxxxxxxxxx
href="">equismetastock@xxxxxxxxxxxxxxx
Sent: Tuesday, October 21, 2003 9:28
AM
Subject: [EquisMetaStock Group] Re: MACD
Screening
Thanks for the information, it is an interesting
site. However, I would rather use metastock to screen and test if I
can.Additionally, I am primarily in the Canadian market.Lastly, I
am trying to back test data on charts. So far on the few I have
covered [14 - 2 US stocks] over a 5 year period, based solely on MACD it
has returned 117 winning trades out of 127 or about 93% if you go short in
a sell, cover and go long on a buy. If you go long, the results were
66 wins out of 73 trades or about 90.4%.What I need to do is see if
this is coincidental or consistant. I also know that the MACD redraws
itself as new stock prices are downloaded. I therefore need to try
to catch a stock very soon after the indicator turns so that I can see
what impact if any it would have on the trading results.In order
to do this I need to explore the change of angle on the Monthly MACD of
the stocks I am watching [about 980], the date of the change, and
ultimately - what date the chart shows at some future time.The
next thing I need to do is to try to automatically test the system, with
no outside interpretation based on trading on the turning of the
indicator.Finally, I would like to receive data from others who have
checked the dates - so that I know how many months to calculate for short
interest charges etc. While I am working on it - to get a
significant sample it will take a long time.Unfortunately, I have
no programming skills and my math is getting taxed just doing the spread
sheet. Any assistance would be greatly appreciated.--- In
equismetastock@xxxxxxxxxxxxxxx, manohohman <no_reply@xxxx>
wrote:> Forget screening yourself. Just go to > > <A
href="">http://www.marketscreen.com/report/index.asp?chp=averages>
> You can find what you want there.> > JO>
> > > --- In equismetastock@xxxxxxxxxxxxxxx, "secutorca"
<secutor@xxxx> > wrote:> > Does anyone know how to do
an exploration for tops and bottoms of > > the MACD monthly, and
test as system for them.> > > > Am also looking for people
who would be willing to send me data on > > stocks to see the
success rate over numerous stocks.> > > > All assistance
would be appreciated. > > I can be contacted at
secutor@xxxxTo
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