Description

• If MACD crosses MACD Average in an upward direction by or more than the specified percentage then a Buy signal is generated

Interpretation

• Upward crossover is a positive crossover wherein a buy trade can be executed
• Downward crossover is a negative crossover wherein a sell trade can be executed

Default Parameters Used/Inputs

• Input Line
• Fast Bar
• Slow Bar
• Average Type
• Average Bar
• Crossing Percentage

Returns/Output

Buy and Sell Signals

Formula

MACD = Moving Average Type value1 (Input Line, Fast Bar) - Moving Average Type value 2 (Input Line, Slow Bar)

MACDAverage = Moving Average (MACD, Average Bar, Average Type)