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Date/Time: Sun, 19 May 2024 01:39:12 +0000

Post From: MACD Study/Price overlay inaccurate for signal conditions on lower time frame chart

[2021-07-29 21:16:38] Link To Thread - Link To Post [Go To First Post]
BenjaminR - Posts: 168
The charts: a 1500 tick chart & a 4000 volume bar chart w/ a MACD. On the Tick Chart, I have a Color Bar w/Alert Condition with two conditions- one condition is a volume requirement from a volume study on the same chart, & the other condition is for the MACD on the Volume Chart, for which data is obtained by referencing the Study/Price Overlay Study. There are TWO separate Color Bar w/ Alert Condition Studies on the Tick Chart that are exactly the same- just inverse of each other: one is for Buy Signals, the other is for Sell signals, & each signal has a condition for whether the MACD is positive or negative (respectively). I have linked the charts, & find the exact bar on the Tick Chart where the signal has been true, & look at the corresponding time on the Volume Bar chart- & the condition isn't met. In other words, where the MACD condition is supposed to be >0 for SG3 (MACD Differential).. the MACD at that time on the Volume chart is negative. I wouldn't be bothered if it was +/- one bar where there is the crossover; however, it's off by a longshot. In other words- the signal really should be invalid, as the condition was not met. I hope that helps clear things up. Thanks! Date Time Of Last Edit: 2021-07-29 21:55:50