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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);
(after downloading and using these object leave you opinions at the bottem of the page under reviews, be it +ve or -ve ,so that we can work more on those objects. thank you)
Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.