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This object uses Macdsignal,Percent Bollinger Bands and MFI. Here you will get watchlist and indicator on chart.Here i am posting chart link https://www.opendrive.com/files?Ml8zNjIzMjI1X0M4S015
You can read this chart same as relative strength index.
this reading is for entry and exit.
This object filter the stock which are in up trend for long time amd they continue it.
Moving Average Convergence/Divergence, Macd( ARRAY signalperiod), MACD returns the Moving Average Convergence Divergence indicator. MACD is a momentum oscillator, yet its primary use is to trade trends. MACD has two lines, one called MACD line or fast line and the other MACD signal or slow line. Differents interpretation can be made using MACD.
EXAMPLE Macd(15)
Money Flow Index, Mfi( ARRAY timeperiod)
The Money Flow Index is another momentum indicator illustrating the strength of money flowing into and out of a security. The essentiel difference between the Money Flow and others momentum indicator is that the money flow incorporates volume in addition to pricing information. EXAMPLE Mfi(14)
For Percent Bollinger Bands Please refer Object ID : Percent Bollinger Bands.
FOr indicator on chart ,use this,
p = MACDSIGNAL(PBBANDS(MFI(14)));
plot(p, "macds", colorBlack|37, ChartSmoothLine, StyleOwnScale);
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