MACD Histogram Scan

   I was trying to create a scan that picks up positive divergence between
MACH Histogram and price on weekly bars, based on the criteria:

"MACD Histogram (12, 26, 9) MACD has increased every bar in the last 3 bars."

and

"Close has decreased every bar in the last 3 bars."

But for some reason this scan generates shares that have positive divergence between MACD (not MACDH) and price. Is this a bug? 

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Owen Members Profile Send Private Message Find Members Posts Add to Buddy List Regular Joined: 15 Nov 2004 Posts: 97	Post Options Post Reply Quote Owen Report Post Quote Reply Topic: MACD Histogram Scan Posted: 21 Dec 2004 at 10:30am
	I was trying to create a scan that picks up positive divergence between MACH Histogram and price on weekly bars, based on the criteria: "MACD Histogram (12, 26, 9) MACD has increased every bar in the last 3 bars." and "Close has decreased every bar in the last 3 bars." But for some reason this scan generates shares that have positive divergence between MACD (not MACDH) and price. Is this a bug?

Peter Members Profile Send Private Message Find Members Posts Visit Members Homepage Add to Buddy List BullCharts Staff Joined: 09 Sep 2004 Location: Australia Posts: 241	Post Options Post Reply Quote Peter Report Post Quote Reply Posted: 22 Dec 2004 at 9:12am
	The MACD Historgram also draws the MACD - and it looks like it's picking the MACD component to scan on. From the scan criteria editor, select the MACD Histogram, then press the Parameters button. Select Histogram in the first dropdown.