(Moving Average Convergence Divergence) MACD Stock Screener

The MACD indicator is a very popular tool for traders and investors to identify potential buying and selling opportunities in financial markets

4 minutes

This post focuses on customizable (Moving Average Convergence Divergence) MACD factory scans, which can be edited, modified, or rewritten and then scanned using ChartAlert’s native stock screener or technical analysis scanner, namely the Basic Scanner and Advanced Scanner.

Display MACD Values

Tags: MACD stock screener

List symbols
Add Column MACD
Add Column MACD Signal(9) as MACD_EMA
Add Column MACD Divergence(9) as MACD_Div
Apply to NSE

This scan calculates and presents the Moving Average Convergence Divergence (MACD) value for all symbols listed on the National Stock Exchange (NSE). Additionally, it computes and exhibits the 9-period Signal Line (EMA) of the MACD, along with the MACD Divergence.

It is important to note that the MACD parameters utilized in this scan are based on the methodology developed by Mr. Gerald Appel, specifically involving the use of Exponential Moving Averages (EMAs) with values of 0.075 and 0.15, which approximate to 25.6667 and 12.3333 time periods, respectively. If you wish to modify these time periods, please refer the ChartAlert variant of the MACD indicator.

OPTION 1

Look up MACD values for the last 3 bars.

List symbols
Add Column MACD
Add Column MACD a bar ago as MACD_1
Add Column MACD 2 bars ago as MACD_2
Apply to NSE

MACD Bullish Crossover

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List symbols where MACD crossed above MACD Signal(9) after remaining below for 3 bars
Add Column MACD
Add Column MACD Signal(9) as MACD_EMA
Apply to NSE

This scan aims to identify NSE symbols exhibiting a recent occurrence of the MACD crossing above its 9-period MACD signal line, subsequent to a sustained period of being positioned below it for a duration of 3 bars.

OPTION 1

Add as many conditions or filters as required to the scan above:

List symbols where MACD crossed above MACD Signal(9) and MACD Divergence(9) has been increasing for 2 bars
Add Column MACD
Add Column MACD Signal(9) as MACD_EMA
Add Column MACD Divergence(9) as MACD_Div
Apply to NSE

MACD Bearish Crossover

Tags: MACD crossover screener, stock screener MACD crossover, MACD bearish crossover screener, macd bearish crossover stocks today

List symbols where MACD crossed below MACD Signal(9) after remaining above for 3 bars
Add Column MACD
Add Column MACD Signal(9) as MACD_EMA
Apply to NSE

This scan aims to identify NSE symbols exhibiting a recent occurrence of the MACD crossing below its 9-period MACD signal line, subsequent to a sustained period of being positioned above it for a duration of 3 bars.

OPTION 1

Add as many conditions or filters as required to the scan above:

List symbols where MACD crossed below MACD Signal(9) and Volume > AvgVol(10) 
Add Column MACD
Add Column MACD Signal(9) as MACD_EMA
Add Column MACD Divergence(9) as MACD_Div
Apply to NSE

Bullish MACD Divergence

Tags: MACD divergence stock screener, stock screener MACD divergence, MACD bullish divergence

List symbols where pattern is Bullish Divergence MACD
Add Column MACD
Add Column MACD Signal as MACD_Signal
Add Column MACD Divergence as MACD_Div
Apply to NSE

This scan is designed to identify NSE symbols that display a prominent bullish MACD divergence. The scan report includes essential indicators such as MACD, MACD signal (9-period EMA), and MACD divergence values. The divergence is determined by analyzing the high and low points on the price chart, with a minimum requirement of 5 bars for accurate assessment.

To look for hidden divergences, consider the option provided below.

OPTION 1

To detect hidden bullish divergence on the MACD, modify the original scan as follows:

List symbols where pattern is Bullish Divergence MACD(Hidden)
Add Column MACD
Add Column MACD Signal as MACD_Signal
Add Column MACD Divergence as MACD_Div
Apply to NSE

Bearish MACD Divergence

Tags: MACD divergence stock screener, stock screener MACD divergence, MACD bearish divergence

List symbols where pattern is Bearish Divergence MACD
Add Column MACD
Add Column MACD Signal as MACD_Signal
Add Column MACD Divergence as MACD_Div
Apply to NSE

This scan looks for NSE symbols that display a classic bearish MACD divergence, encompassing several key parameters. The scan report displays information on the MACD, MACD signal (9-period EMA), and MACD divergence values. Divergence is determined by assessing the high-low range of the price chart, with a minimum requirement of 5 bars for reliable identification.

To look for hidden divergences, consider the option provided below.

OPTION 1

To detect hidden bearish divergence on the MACD, modify the original scan as follows:

List symbols where pattern is Bearish Divergence MACD(Hidden)
Add Column MACD
Add Column MACD Signal as MACD_Signal
Add Column MACD Divergence as MACD_Div
Apply to NSE

For comprehensive insights into the Moving Average Convergence Divergence (MACD) indicator, including its components, calculation methodology, how to use in trading, as well as an exploration of its advantages and limitations as an indicator, click here.

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