Software for Analysis - Fcharts - Best Buy and Sell Signals values and formulas in STRATEGIES & PLANS - Fchart Free Version has limitation of formula syntax. Major formula’s can be built in Fchart Pro . In Fchart Help ...
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06-22-2011 12:34 AM
Fcharts - Best Buy and Sell Signals values and formulas
Fchart Free Version has limitation of formula syntax. Major formula’s can be built in Fchart Pro . In Fchart Help file, several examples of formula are given which you can modify and experiment. When you are using any software for technical analysis, please study in details for all its indicators and application and simultaneously experiment with your trade. Below is one example of formula on MACD from help file which is slightly modified for your experiment. First change the setting of the indicators as per details given below:-
EMA : 9, 12, 26
SMA : 13, 30, 200
MACD1 : 12, MACD2 : 26 AND MACD SIGNAL : 9
VOLUME EMA : 21
Now put the following formulas in condition (1) and (2) :-
Condition 1 : (PREVIOUS MACDLINE < PREVIOUS MACDSIGNAL AND MACDLINE > MACDSIGNAL) AND (MA2 > PREVIOUS MA2 AND VOLUME > MAVOL)
Condition 2 : (PREVIOUS MACDLINE > PREVIOUS MACDSIGNAL AND MACDLINE < MACDSIGNAL) AND (MA2 < PREVIOUS MA2)
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