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I had a good success with my Swing long strategy and was tinkering with short setup. The requirements are as below:
Close < 24 day Ema.
Close crosses down MA(high, 10) from up.
RSI 4 < 50.
Macd 3,12 histogram current period less than previous period .
Adx 5 > 35
What I am struggling with is the MACD Histogram settings. What I have written so far is below
// set stock universe
[Country is US]
[type = stock] AND [group is not ETF] and [name not contains "Trust"] and [name not contains "Notes Due"] and [name not contains "Shares"] and [name not contains "Fund"]
[ TODAY CLOSE < EMA (24, CLOSE)] AND
[ TODAY CLOSE x SMA(10, HIGH)] AND
[RSI(4) < 50] AND
[MACD Hist(12,3) < 1 day ago MACD Hist(12,3)] AND
[ADX Line(5) > 35.0]
AND [SCTR > 70]
RANK BY SCTR
Is this correct? specifically for the MACD HISTOGRAM piece?