AngusMcK

How To: Screen for Stocks Making a Bullish MACD Crossover

Education
NYSE:AEO   AMERICAN EAGLE OUTFITTERS INC
The MACD is one of the most commonly used indicators as it can help traders identify the strength of a movement, as well as direction, momentum and likely duration of a trend.

In this video we use the TradingView Screener to filter all 10,000+ US stocks and ETFs down to a small handful of shares that we can then go through and review.

The filter was set to look for stocks where the MACD was crossing up through its SIGNAL line on the previous days trade - often seen as a bullish signal and sometimes the start of a longer term move.

To reduce the number of results even further, we used other filters that allowed us to search for stocks over a certain price, where their performance over the last 3 and 12 months was in an upward direction, and where there were signs of unusual volume coming through.

The screener is the ULTIMATE way to get your own free signals every day.

Hope you like and find the video useful. Give it a thumbs up please if you do :)

Comment: Just as a minor comment, the video isn't so much suggesting how to use the MACD, but more how you can use the screener to find your own signals. Also for my own trading the MACD really needs to be paired with something else like RSI or OBV for confirmation, but as an indicator it works pretty well. Main point of the video is how easily we can scan for these kinds of things and get our own signals :)
NOT TRADING ADVICE. ALWAYS DO YOUR OWN RESEARCH.

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Comments

Thank you for creating this helpful video. We've added it to Editors' Picks. We look forward to seeing what others say in the comments. Have a great weekend everyone.
200 coins
+11 Reply
coool.aman TradingView
@TradingView, Please allow creating pinescript based screeners with more than one custom conditions which are other than columns available in screener.
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Great vid. Makes stock screener less intimidating. By the time MACD crosses the run has often begun, but I like your wait for pullback idea.
200 coins
+4 Reply
AngusMcK invopt
@invopt, thank you. The screener was actually what got me interested in using TradingView way before I started playing with charting on here and now trading. It is such a powerful tool once you have the hang of it.
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100 coins
+1 Reply
AngusMcK Irawan83
@Irawan83, thank you very much for the coins. I appreciate it!
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200 coins
+1 Reply
AngusMcK ThomasKallar
@ThomasKallar, thank you Thomas. Much appreciated.
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@AngusMcK, Thank you for this exceptional video! Hope to see more videos and Good Luck with trading!
Reply
Nice explanation!
100 coins
+1 Reply
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