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This is my 2'nd project for the weekend. I am trying to take the standard
MACD
indicator, and change the alert criteria. Instead of giving an alert when
crossing 0,I
would like to be alerted as to a divergence between price and the MACD. I
am
still new to programming.I have taken the alert from the OBV indicator and
tried incorperating it into the macd. I usually have pretty good luck with
this but
not with this one. Can anyone tell me why this would work with OBV. but not
with the
MACD? It wants me to practically rewrite the whole thing, or if anyone
would have
an indicator that would accomplish this I would appreciate it! thanks john
This is where I started
{Alert Criteria}
If High > Highest(High, 20)[1] AND MACD < Highest(MACD, 20) Then
Alert("A bearish divergence has been detected")
Else
If Low < Lowest(Low, 20)[1] AND MACD > Lowest(MACD, 20) Then
Alert("A bullish divergence has been detected");
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