MACD signal turn

Category: momentum

Identifies MACD crossovers that occur on the 'discounted' side of the zero line (bullish crosses below 0, bearish crosses above 0) to signal potential momentum shifts.

Formula

MACD = EMA(close, 12) - EMA(close, 26)\nSignal = EMA(MACD, 9)\nBull = Crossover(MACD, Signal) AND MACD < 0\nBear = Crossunder(MACD, Signal) AND MACD > 0

Inputs

• fastLen (default: 12)
• slowLen (default: 26)
• sigLen (default: 9)

See signal primitives, usage in published strategies and more on WOBR StrategyVerse.