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