Posted by Mohammad Rahhal, Last modified by Diana Alkouni on 02 September 2020 12:22 PM


Public Function MACD(chart_ID As Long ,longCycle As Integer, ShortCycle As Integer,SignalPeriod As Integer) As String


The MACD is a moving average oscillator that shows potential overbought/oversold phases of market fluctuation.

The MACD is a calculation of two moving averages of the underlying price/indicator. The histogram is simply a bar graph of the MACD minus the MACD Signal line.

Buy/Sell interpretations may be derived from crossovers (calculated from the Signal Periods parameter), overbought/oversold levels of the MACD and divergences between MACD and actual price.


Key Description 
chart_ID Chart identifier, 0 is the current chart, a value of type Long
longCycle Specifies the long length of time used in the moving average calculations, a value of type Integer.
ShortCycle Specifies the short length of time used in the moving average calculations, a value of type Integer.
SignalPeriod The calculation period, on which the indicator will be calculated, a value of type Integer

Return value

Returns the handles of a technical indicator, in case of failure returns an empty string.


Public Sub main()

AlertMessage (MACD(0, 12, 14, 9)) 'Draws the indicator on the chart and shows an Alert Message with the indicator name.

End Sub​

See Also

Back to VTL Client Script Index

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