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Reverse Engineering MACD

This document describes the Reverse Engineering MACD study, which is a trend following indicator based on analyzing changes in the Moving Average Convergence Divergence (MACD) indicator. The study contains two main plots: PMACDeq, which shows the price where the current bar's MACD value would equal the previous bar's value, and PMACDlevel, which shows the price where the current bar's MACD would equal a specified level. It takes parameters like fast/slow lengths for MACD calculations and displays averaged PMACDeq values.

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675 views1 page

Reverse Engineering MACD

This document describes the Reverse Engineering MACD study, which is a trend following indicator based on analyzing changes in the Moving Average Convergence Divergence (MACD) indicator. The study contains two main plots: PMACDeq, which shows the price where the current bar's MACD value would equal the previous bar's value, and PMACDlevel, which shows the price where the current bar's MACD would equal a specified level. It takes parameters like fast/slow lengths for MACD calculations and displays averaged PMACDeq values.

Uploaded by

Nilton
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Reverse Engineering MACD

Description
The Reverse Engineering MACD study is a trend following indicator based on analysis of MACD changes. This study consists of two main plots: PMACDeq and PMACDlevel. PMACDeq plot represents price of the current bar at which its MACD value would be equal to the previous one. PMACDlevel plot represents price of the current bar at which its MACD value would be equal to the specified one. These two plots are accompanied with an auxiliary plot showing averaged values of PMACDeq. Note that the type of average is the same as the specified for MACD calculation.

Input Parameters
Description The price for which MACD is calculated. fast length The number of bars used to calculate the fast moving average. slow length The number of bars used to calculate the slow moving average. macd length The number of bars used to calculate the moving average of MACD. average type The type of moving average to be used in calculations. macd level MACD value used in PMACDlevel calculation.
price

Parameter

Plots
Description PMACDeq The PMACDeq plot. PMACDlevel The PMACDlevel plot. MA_PMACDeq Moving average of PMACDeq. Plot

Further Reading
1. "Reversing MACD" by Johnny Dough. Technical Analysis of Stocks & Commodities, January 2012.

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