// Downloaded From https://www.WiseStockTrader.com // MACD divergence // Backgraund color White P = Param("Priod MACD", 26, 8, 26, 1); VMACD = MACD(P); Length = 100; Lapse = 3; fUp = VMACD > Ref(VMACD, -1) & VMACD > Ref(VMACD, 1) & VMACD >55; fDown = VMACD < Ref(VMACD, -1) & VMACD < Ref(VMACD, 1) & VMACD < 45; Div = 0; for(i = Length; i < BarCount; i++) { // Down if(fUp[i]) { k = i-1; do { if(VMACD[k] > VMACD[i] & fUp[i] & fUp[k]) { if(C[k] < C[i] & i-k > Lapse) { Div[i] = 1; } k = i-Length; } else k = k-1; } while( k > i-Length ); } //////////////////////////// // Up if(fDown[i]) { k = i-1; do { if(VMACD[k] < VMACD[i] & fDown[i] & fDown[k]) { if(C[k] > C[i] & i-k > Lapse) { Div[i] = -1; } k = i-Length; } else k = k-1; } while( k > i-Length ); } } Fon = IIf(Div == 0, 0, 1); Col = IIf(Div == 1, 4, IIf(Div == -1, 5, 1)); Color = IIf(Div == 1, 48, IIf(Div == -1, 14, 1)); Color = IIf(fUp == 1, 48, IIf(fDown == 1, 14, 1)); Div = IIf(Div == 0, Null, abs(Div)); Fon = abs(Div); Title = EncodeColor(4)+"MACD(" + WriteVal(P, 2.0) + ")" + EncodeColor(1) + " ="+WriteVal(MACD(P)); Plot( MACD(P), "MACD", Col, 5); Plot( -0.015,"", 4, 16+4096); Plot( 0.45,"", 4, 16+4096); Plot(Fon, "", Color, 16384+32768+4096, MinValue = 0, MaxValue = 1); _SECTION_END(); _SECTION_BEGIN("MACD Divergence"); // // MACD divergence system // // This system detects MACD and MACD-H positive and negative divergences, and // crossovers. // This indicator/expansion is based completely on indicators/explorations written // by other AFL contributors, all of them much cleverer than me. There is very // little original work here. // As an indicator, it displays the usual MACD and MACD-H indicators. It also // displays a shape indicating where a divergence or crossover occurs. // As an exploration, simply select n = 1, define the stock universe to be // examined, and press the "Explore" button. The detected stocks are listed // together with a red/green color-coded indication of the divergence or // crossover // Several parameters can be configured, including the minimum divergence and // histogram widths. Configure to suit your own requirements. // This is still a work in progress, so if you have any suggestions or improvements, // please let me know via the forum. //---------------------------------------------------------------------------------- //------ // Setup //------ // Parameters PeriodEMA = 13; MACDIndicatorRange = 50; // Volume filter VolumeFilter = Param( "Volume MA filter", 100000, 50000, 500000, 100000 ); Timeframe = Interval(2); // Adjust for weekly if necessary if( Timeframe == "5-day" || Timeframe == "Weekly" ) { VolumeFilter = VolumeFilter * 5; } else if( Timeframe == "Monthly") { VolumeFilter = VolumeFilter * 20; } else if( Timeframe != "Daily" ) { VolumeFilter = 0; } // Minimum number of bars required to form a divergence pattern. For a // positive divergence, this is the number of falling bars in the context // of a rising MACD or MACD-H pattern. Vice versa for negative divergence MACDDivMinWidth = Param("Divergence min width", 4, 1, 10, 1 ); // Minimum width of negative projecting wave between two positive MACD-H waves, // otherwise two positive waves will be considered as one single wave. This // minimises invalid divergences, to ensure that "back of bears is broken". // The same applies for a positive wave between two negative waves. HistMinWidth = Param("Histogram min width", 4, 1, 10, 1 ); PeriodEMA = Optimize( "PeriodEMA ", 13, 5, 23, 1 ); // Other parameters OpenPositions = 10; ATRPeriod = 5; InitialCapital = 100000; PeriodFast = Param( "Fast EMA", 12, 2, 200, 1 ); PeriodSlow = Param( "Slow EMA", 26, 2, 200, 1 ); PeriodSignal = Param( "Signal EMA", 8, 2, 200, 1 ); MACDInd = MACD(PeriodFast, PeriodSlow ); SigInd = Signal(PeriodFast, PeriodSlow , PeriodSignal ); HistInd = MACDInd - SigInd ; _N( macdStr = WriteVal( PeriodFast, 1.0 )+","+WriteVal( PeriodSlow , 1.0 ) ); _N( sigStr = macdStr + ","+WriteVal( PeriodSignal , 1.0 ) ); // Get displayed min and max value of MACD and MACD-H, to rescale it for better visibility scMACDMax = LastValue(HHV(Max(MACDInd, sigInd), BarsSince( Status("barvisible") AND NOT Ref(Status("barvisible"),-1) ))); scMACDMin = LastValue(LLV(Min(MACDInd, sigInd), BarsSince( Status("barvisible") AND NOT Ref(Status("barvisible"),-1) ))); scaleMACD = Max( abs(scMACDMax), abs(scMACDMin) ); scHistMax = LastValue(HHV(HistInd, BarsSince( Status("barvisible") AND NOT Ref(Status("barvisible"),-1) ))); scHistMin = LastValue(LLV(HistInd, BarsSince( Status("barvisible") AND NOT Ref(Status("barvisible"),-1) ))); scaleHist = Max( abs(scHistMax), abs(scHistMin) ); Plot( HistInd, "", colorDarkYellow, styleHistogram | styleOwnScale | styleThick , -scaleHist * 1.2, scaleHist * 1.2); Plot( MACDInd, "", colorGreen); Plot( SigInd , "", colorRed); Plot( scaleMACD * 1.2,"",colorRed,styleNoDraw); Plot( -scaleMACD* 1.2 ,"",colorRed,styleNoDraw); GraphXSpace = 0; Title = EncodeColor(colorBlue) + Name() + " - MACD: M(" + macdStr + ") = " + WriteVal(MACDInd,1.3) + ", S(" + sigStr + ") = " + WriteVal(SigInd,1.3) + ", H = " + WriteVal(HistInd,1.3); // If current symbol is NOT an index, compare volume MA to filter limit VolumeMA = MA( V, 50 ); if( IsIndex() ) { VolumeMABool = True; } else { VolumeMABool = IsTrue( VolumeMA > VolumeFilter ); } // Get MACD-H, EMA, Stochastics and RSI arrays DayHist = MACD( PeriodFast, PeriodSlow ) - Signal( PeriodFast, PeriodSlow, PeriodSignal ); DayEMA = EMA( Close, PeriodEMA ); DaySTO = StochK( 14 ); DayRSI = RSI( 14 ); DayBuyBool = IsTrue( ( // DayEMA > Ref(DayEMA,-1) // EMA rising DaySTO < 70 // STO not overbought // AND DayRSI > Ref(DayRSI,-1) // RSI rising AND MACD( PeriodFast, PeriodSlow ) < 0 ) OR Timeframe == "5-day" OR Timeframe == "Weekly" ); DaySellBool = IsTrue( ( // DayEMA < Ref(DayEMA,-1) // EMA falling DaySTO > 30 // STO not oversold // AND DayRSI < Ref(DayRSI,-1) // RSI falling AND MACD( PeriodFast, PeriodSlow ) > 0 ) OR Timeframe == "5-day" OR Timeframe == "Weekly" ); //-------------------------- // Positive MACD divergences //-------------------------- // Get array containing for each element, when the MACD's lowest // value occur, within the specified number of bars MACDLowBars = LLVBars( MACDInd, MACDDivMinWidth ); // Get array defining if the MACD's previous bar was the // minimum, AND if that MACD value < 0 MACDMinCond = MACDLowBars > 0 AND Ref(MACDLowBars,-1) == 0 AND Ref(MACDInd,-1) < 0; // Get array containing MACD low bar values where lows // occured, all other bars filled with 0 MACDLowVal = IIf( MACDMinCond , Ref(MACDInd,-1), 0 ); // Get array containing MACD low bar value at bar where MACD // low occured, all other bars filled with preceding MACD // low value (chandelier) MACDLowSteps = ValueWhen( Ref(MACDMinCond,0), Ref(MACDInd,-1), 1 ); // Get array containing price low bar values where lows // occured, all other bars filled with huge number PriceMACDLowVal = IIf( MACDMinCond, Ref(LLV(L,MACDDivMinWidth ),-1), 2000000 ); // Get array containing local price low bar value at bar // where MACD low occured, all other bars filled with preceding // price low value (chandelier) PriceMACDLowSteps = ValueWhen( Ref(MACDMinCond ,0), LLV(L,MACDDivMinWidth ) ); // Get array containing differences in MACD low bar values MACDLowDiffs = MACDLowSteps - Ref(MACDLowSteps,-1); // Get array containing differences in price low bar values PriceMACDLowDiffs = PriceMACDLowSteps - Ref(PriceMACDLowSteps,-1); // Get array defining positive divergences MACDLowBarDiffs = Ref( BarsSince(MACDMinCond ), -1 ); // Divergence signal MACDPosDivergence = // MACDLowDiffs > 0 AND MACDLowVal < 0 AND MACDLowVal > LLV(MACDLowVal, MACDIndicatorRange ) AND PriceMACDLowVal < LLV(Ref(PriceMACDLowVal,-1), MACDIndicatorRange ) AND PriceMACDLowDiffs < 0 AND MACDLowBarDiffs < MACDIndicatorRange AND VolumeMABool AND C > 1.0 // AND WeekBuyBool ; //-------------------------- // Negative MACD divergences //-------------------------- // Get array containing for each element, when the MACD's highest // value occur, within the specified number of bars MACDHighBars = HHVBars( MACDInd, MACDDivMinWidth ); // Get array defining if the MACD's previous bar was the // maximum, AND if that MACD value > 0 MACDMaxCond = MACDHighBars > 0 AND Ref(MACDHighBars,-1) == 0 AND Ref(MACDInd,-1) > 0; // Get array containing MACD high bar values where highs // occured, all other bars filled with 0 MACDHighVal = IIf( MACDMaxCond, Ref(MACDInd,-1), 0); // Get array containing MACD high bar value at bar where MACD // high occured, all other bars filled with preceding MACD // high value (chandelier) MACDHighSteps = ValueWhen( Ref(MACDMaxCond,0), Ref(MACDInd,-1), 1 ); // Get array containing MACD high bar values where highs // occured, all other bars filled with 0 PriceMACDHighVal = IIf( MACDMaxCond, Ref(HHV(H,MACDDivMinWidth),-1), 0); // Get array containing local price high bar value at bar // where MACD high occured, all other bars filled with preceeding // price high value (chandelier) PriceMACDHighSteps = ValueWhen( Ref(MACDMaxCond,0), HHV(H,MACDDivMinWidth) ); // Get array containing differences in MACD high bar values MACDHighDiffs = MACDHighSteps - Ref(MACDHighSteps,-1); // Get array containing differences in price high bar values PriceMACDHighDiffs = PriceMACDHighSteps - Ref(PriceMACDHighSteps,-1); // Get array defining negative divergences MACDHighBarDiffs = Ref( BarsSince(MACDMaxCond), -1 ); // Divergence signal MACDNegDivergence = // MACDHighDiffs < 0 AND MACDHighVal > 0 AND PriceMACDHighVal > HHV( Ref(PriceMACDHighVal,-1), MACDIndicatorRange ) AND MACDHighVal < HHV( MACDHighVal, MACDIndicatorRange ) AND PriceMACDHighDiffs > 0 AND MACDHighBarDiffs < MACDIndicatorRange AND VolumeMABool AND C > 1.0 // AND WeekBuyBool ; //------------------------------------ // Positive MACD Histogram divergences //------------------------------------ // Get array containing when positive and negative and positive // crossovers occured HistPosCrossover = Cross( HistInd, 0 ) ; HistNegCrossover = Cross( 0, HistInd ) ; BarsSinceNegCross = BarsSince( HistNegCrossover ); BarsSincePosCross = BarsSince( HistPosCrossover ); // Get arrays containing for each element, when the MACD-H lowest // values occur, within the specified number of bars HistLowBars = LLVBars( HistInd, MACDDivMinWidth ); // Get array defining if the MACD-H previous bar was the minimum // AND if that MACD-H value was < 0 or > 0 HistMinCond = HistLowBars > 0 AND BarsSinceNegCross >= HistLowBars AND Ref(HistLowBars,-1) == 0 AND Ref(HistInd,-1) < 0; // Get array containing MACD-H low bar values where lows // occured, all other bars filled with 0 HistLowVal = IIf( HistMinCond , Ref(HistInd,-1), 0 ); // Get array containing MACD-H low bar value at bar where MACD-H // low occured, all other bars filled with preceding MACD-H // low value (chandelier) HistLowSteps = ValueWhen( Ref(HistMinCond,0), Ref(HistInd,-1), 1 ); // Get array containing differences between MACD-H low bar value and the value // at previous MACD-H zero positive crossing // HistLowDiffs = HistLowSteps - ValueWhen( HistPosCrossover, HistLowSteps, 1 ); HistLowDiffs = HistLowSteps - Ref(HistLowSteps,-1); // Get array containing MACD-H min value when MACD-H < 0, all other // bars filled with 0 BarsSincePrevNegCross = ValueWhen( HistNegCrossover, Ref(BarsSinceNegCross ,-1), 1 ); BarsSinceWideNegCross = IIf( HistInd < 0 AND BarsSincePosCross - BarsSinceNegCross < HistMinWidth, BarsSincePrevNegCross + BarsSinceNegCross + 1, BarsSinceNegCross ); HistMinSteps = IIf( !BarsSinceWideNegCross, HistInd, LLV( HistInd , BarsSinceWideNegCross + 1) ); // Get array containing differences in MACD-H max bar values HistMinDiffs = IIf( HistInd < 0, HistMinSteps - Ref(HistMinSteps,-1), 0); // Get minumum from previous MACD-H negative wave // Plot( ValueWhen( HistNegCrossover, Ref(HistMinSteps,-1), 1 ),"PrevHistMinSteps-1", colorGreen ); // Plot( ValueWhen( HistNegCrossover, Ref(HistMinSteps,-1), 2 ),"PrevHistMinSteps-1", colorGreen ); PrevHistMinSteps = IIf( HistInd < 0 AND BarsSincePosCross - BarsSinceNegCross < HistMinWidth, ValueWhen( HistNegCrossover, Ref(HistMinSteps,-1), 2 ), ValueWhen( HistNegCrossover, Ref(HistMinSteps,-1), 1 ) ); // Get array containing price low bar values where lows // occured, all other bars filled with huge number PriceHistLowVal = IIf( HistMinCond, Ref(LLV(L,MACDDivMinWidth),-1), 2000000 ); // Get array containing local price low bar value at bar // where MACD-H low occured, all other bars filled with preceding // price low value (chandelier) PriceHistLowSteps = ValueWhen( Ref(HistMinCond ,0), LLV(L,MACDDivMinWidth) ); // Get array containing differences in price low bar values PriceHistLowDiffs = PriceHistLowSteps - Ref(PriceHistLowSteps,-1); // Get array containing price low minimum value when MACD-H < 0, // all other bars filled with 0 PriceHistMinSteps = IIf( !BarsSinceNegCross, L, LLV( L , BarsSinceNegCross) ); // Get minimum from previous MACD-H negative wave PrevPriceHistMinSteps = IIf( BarsSincePosCross - BarsSinceNegCross < HistMinWidth, ValueWhen( HistNegCrossover, Ref(PriceHistMinSteps,-1), 2 ), ValueWhen( HistNegCrossover, Ref(PriceHistMinSteps,-1), 1 ) ); // Divergence signal HistPosDivergence = // HistLowDiffs > 0 AND // AND PriceHistLowDiffs < 0 HistMinSteps > PrevHistMinSteps AND PriceHistMinSteps < PrevPriceHistMinSteps AND HistLowVal < 0 AND VolumeMABool AND C > 1.0 ; //------------------------------------ // Negative MACD Histogram divergences //------------------------------------ // Get arrays containing for each element, when the MACD-H highest values // occur, within the specified number of bars HistHighBars = HHVBars( HistInd, MACDDivMinWidth ); // Get array defining if the MACD-H previous bar was the maximum, // AND if that MACD-H value was < 0 OR > 0 HistMaxCond = HistHighBars > 0 AND BarsSincePosCross >= HistHighBars AND Ref(HistHighBars,-1) == 0 AND Ref(HistInd,-1) > 0 ; // Get array containing MACD-H high bar values where highs // occured, all other bars filled with 0 HistHighVal = IIf( HistMaxCond, Ref(HistInd,-1), 0); // Get array containing MACD-H high bar value at bar where MACD-H // high occured, all other bars filled with preceding MACD-H // high value (chandelier) HistHighSteps = ValueWhen( Ref(HistMaxCond,0), Ref(HistInd,-1), 1 ); // Get array containing differences in MACD-H high bar values HistHighDiffs = HistHighSteps - Ref(HistHighSteps,-1); // Get array containing MACD-H max value when MACD-H > 0, all other // bars filled with 0 BarsSincePrevPosCross = ValueWhen( HistPosCrossover, Ref(BarsSincePosCross ,-1), 1 ); BarsSincePrevNegCross = ValueWhen( HistNegCrossover, Ref(BarsSinceNegCross ,-1), 1 ); BarsSinceWidePosCross = IIf( HistInd > 0 AND BarsSinceNegCross - BarsSincePosCross < HistMinWidth, BarsSincePrevPosCross + BarsSincePosCross + 1, BarsSincePosCross ); HistMaxSteps = IIf( !BarsSinceWidePosCross, HistInd, HHV( HistInd , BarsSinceWidePosCross + 1) ); // Get array containing differences in MACD-H max bar values HistMaxDiffs = IIf( HistInd > 0, HistMaxSteps - Ref(HistMaxSteps,-1), 0); // Get high from pevious MACD-H positive wave PrevHistMaxSteps = IIf( HistInd > 0 AND BarsSinceNegCross - BarsSincePosCross < HistMinWidth, ValueWhen( HistPosCrossover, Ref(HistMaxSteps,-1), 2 ), ValueWhen( HistPosCrossover, Ref(HistMaxSteps,-1), 1 ) ); // Get array containing MACD-H high bar values where highs // occured, all other bars filled with 0 PriceHistHighVal = IIf( HistMaxCond, Ref(HHV(H,MACDDivMinWidth),-1), 0); // Get array containing local price high bar value at bar // where MACD-H high occured, all other bars filled with preceeding // price high value (chandelier) PriceHistHighSteps = ValueWhen( Ref(HistMaxCond,0), HHV(H,MACDDivMinWidth) ); // Get array containing differences in price high bar values PriceHistHighDiffs = PriceHistHighSteps - Ref(PriceHistHighSteps,-1); // Get array containing MACD-H max value when MACD-H > 0, all other // bars filled with 0 PriceHistMaxSteps = IIf( !BarsSincePosCross, H, HHV( H , BarsSincePosCross) ); // Get high from pevious MACD-H positive wave PrevPriceHistMaxSteps = IIf( BarsSinceNegCross - BarsSincePosCross < HistMinWidth, ValueWhen( HistPosCrossover, Ref(PriceHistMaxSteps,-1), 2 ), ValueWhen( HistPosCrossover, Ref(PriceHistMaxSteps,-1), 1 ) ); // Divergence signal HistNegDivergence = // HistHighDiffs < 0 AND // AND PriceHistHighDiffs > 0 HistMaxSteps < PrevHistMaxSteps AND PriceHistMaxSteps > PrevPriceHistMaxSteps AND HistHighVal > 0 AND VolumeMABool AND C > 1.0 ; //----------------------- // MACD crossover signals //----------------------- PosCrossover = Cross( DayHist, 0 ) AND DayBuyBool AND VolumeMABool AND C > 1.0 ; NegCrossover = Cross( 0, DayHist ) AND DaySellBool AND VolumeMABool AND C > 1.0 ; // Plot signals PlotShapes( IIf( HistPosDivergence , shapeSmallUpTriangle, shapeNone ), colorBlack, 0, 0 , -12 ); PlotShapes( IIf( HistNegDivergence , shapeSmallDownTriangle, shapeNone ), colorBlue, 0, 0, -12 ); PlotShapes( IIf( MACDPosDivergence , shapeUpArrow , shapeNone ), colorGreen, 0, Graph1, -12 ); PlotShapes( IIf( MACDNegDivergence , shapeDownArrow, shapeNone ), colorYellow, 0, Graph1, -12 ); PlotShapes( IIf( PosCrossover , shapeSmallCircle, shapeNone ), colorBlue, 0, Graph1 , 0 ); PlotShapes( IIf( NegCrossover , shapeSmallCircle, shapeNone ), colorRed, 0, Graph1 , 0 ); Filter = HistPosDivergence OR HistNegDivergence OR PosCrossover OR NegCrossover OR MACDPosDivergence OR MACDNegDivergence ; if( Sector = SectorID( 0 ) >= 0 ) { Sector = SectorID( 1 ); Industry = IndustryID( 1 ); } else { Sector = "MG"; Industry = "MG"; } AddColumn( 32, "H-PD", formatChar, colorDefault, IIf(Filter && HistPosDivergence,colorBrightGreen,colorDefault) ); AddColumn( 32, "M-PD", formatChar, colorDefault, IIf(Filter && MACDPosDivergence,colorBrightGreen,colorDefault) ); AddColumn( 32, "M-PC", formatChar, colorDefault, IIf(Filter && PosCrossover,colorBrightGreen,colorDefault) ); AddColumn( 32, "H-ND", formatChar, colorDefault, IIf(Filter && HistNegDivergence,colorRed,colorDefault) ); AddColumn( 32, "M-ND", formatChar, colorDefault, IIf(Filter && MACDNegDivergence,colorRed,colorDefault) ); AddColumn( 32, "M-NC", formatChar, colorDefault, IIf(Filter && NegCrossover,colorRed,colorDefault) ); AddTextColumn( Sector , "Sector" ); AddTextColumn( Industry , "Industry" ); _SECTION_END(); _SECTION_END(); _SECTION_END(); // MACD divergence // Backgraund color White P = Param("Priod MACD", 26, 8, 26, 1); VMACD = MACD(P); Length = 100; Lapse = 3; fUp = VMACD > Ref(VMACD, -1) & VMACD > Ref(VMACD, 1) & VMACD >55; fDown = VMACD < Ref(VMACD, -1) & VMACD < Ref(VMACD, 1) & VMACD < 45; Div = 0; for(i = Length; i < BarCount; i++) { // Down if(fUp[i]) { k = i-1; do { if(VMACD[k] > VMACD[i] & fUp[i] & fUp[k]) { if(C[k] < C[i] & i-k > Lapse) { Div[i] = 1; } k = i-Length; } else k = k-1; } while( k > i-Length ); } //////////////////////////// // Up if(fDown[i]) { k = i-1; do { if(VMACD[k] < VMACD[i] & fDown[i] & fDown[k]) { if(C[k] > C[i] & i-k > Lapse) { Div[i] = -1; } k = i-Length; } else k = k-1; } while( k > i-Length ); } } Fon = IIf(Div == 0, 0, 1); Col = IIf(Div == 1, 4, IIf(Div == -1, 5, 1)); Color = IIf(Div == 1, 48, IIf(Div == -1, 14, 1)); Color = IIf(fUp == 1, 48, IIf(fDown == 1, 14, 1)); Div = IIf(Div == 0, Null, abs(Div)); Fon = abs(Div); Title = EncodeColor(4)+"MACD(" + WriteVal(P, 2.0) + ")" + EncodeColor(1) + " ="+WriteVal(MACD(P)); Plot( MACD(P), "MACD", Col, 5); Plot( -0.015,"", 4, 16+4096); Plot( 0.45,"", 4, 16+4096); Plot(Fon, "", Color, 16384+32768+4096, MinValue = 0, MaxValue = 1); _SECTION_END(); _SECTION_BEGIN("MACD Divergence"); // // MACD divergence system // // This system detects MACD and MACD-H positive and negative divergences, and // crossovers. // This indicator/expansion is based completely on indicators/explorations written // by other AFL contributors, all of them much cleverer than me. There is very // little original work here. // As an indicator, it displays the usual MACD and MACD-H indicators. It also // displays a shape indicating where a divergence or crossover occurs. // As an exploration, simply select n = 1, define the stock universe to be // examined, and press the "Explore" button. The detected stocks are listed // together with a red/green color-coded indication of the divergence or // crossover // Several parameters can be configured, including the minimum divergence and // histogram widths. Configure to suit your own requirements. // This is still a work in progress, so if you have any suggestions or improvements, // please let me know via the forum. //---------------------------------------------------------------------------------- //------ // Setup //------ // Parameters PeriodEMA = 13; MACDIndicatorRange = 50; // Volume filter VolumeFilter = Param( "Volume MA filter", 100000, 50000, 500000, 100000 ); Timeframe = Interval(2); // Adjust for weekly if necessary if( Timeframe == "5-day" || Timeframe == "Weekly" ) { VolumeFilter = VolumeFilter * 5; } else if( Timeframe == "Monthly") { VolumeFilter = VolumeFilter * 20; } else if( Timeframe != "Daily" ) { VolumeFilter = 0; } // Minimum number of bars required to form a divergence pattern. For a // positive divergence, this is the number of falling bars in the context // of a rising MACD or MACD-H pattern. Vice versa for negative divergence MACDDivMinWidth = Param("Divergence min width", 4, 1, 10, 1 ); // Minimum width of negative projecting wave between two positive MACD-H waves, // otherwise two positive waves will be considered as one single wave. This // minimises invalid divergences, to ensure that "back of bears is broken". // The same applies for a positive wave between two negative waves. HistMinWidth = Param("Histogram min width", 4, 1, 10, 1 ); PeriodEMA = Optimize( "PeriodEMA ", 13, 5, 23, 1 ); // Other parameters OpenPositions = 10; ATRPeriod = 5; InitialCapital = 100000; PeriodFast = Param( "Fast EMA", 12, 2, 200, 1 ); PeriodSlow = Param( "Slow EMA", 26, 2, 200, 1 ); PeriodSignal = Param( "Signal EMA", 8, 2, 200, 1 ); MACDInd = MACD(PeriodFast, PeriodSlow ); SigInd = Signal(PeriodFast, PeriodSlow , PeriodSignal ); HistInd = MACDInd - SigInd ; _N( macdStr = WriteVal( PeriodFast, 1.0 )+","+WriteVal( PeriodSlow , 1.0 ) ); _N( sigStr = macdStr + ","+WriteVal( PeriodSignal , 1.0 ) ); // Get displayed min and max value of MACD and MACD-H, to rescale it for better visibility scMACDMax = LastValue(HHV(Max(MACDInd, sigInd), BarsSince( Status("barvisible") AND NOT Ref(Status("barvisible"),-1) ))); scMACDMin = LastValue(LLV(Min(MACDInd, sigInd), BarsSince( Status("barvisible") AND NOT Ref(Status("barvisible"),-1) ))); scaleMACD = Max( abs(scMACDMax), abs(scMACDMin) ); scHistMax = LastValue(HHV(HistInd, BarsSince( Status("barvisible") AND NOT Ref(Status("barvisible"),-1) ))); scHistMin = LastValue(LLV(HistInd, BarsSince( Status("barvisible") AND NOT Ref(Status("barvisible"),-1) ))); scaleHist = Max( abs(scHistMax), abs(scHistMin) ); Plot( HistInd, "", colorOrange, styleHistogram | styleOwnScale | styleThick , -scaleHist * 1.2, scaleHist * 1.2); Plot( MACDInd, "", colorGreen); Plot( SigInd , "", colorRed); Plot( scaleMACD * 1.2,"",colorRed,styleNoDraw); Plot( -scaleMACD* 1.2 ,"",colorRed,styleNoDraw); GraphXSpace = 0; Title = EncodeColor(colorBlue) + Name() + " - MACD: M(" + macdStr + ") = " + WriteVal(MACDInd,1.3) + ", S(" + sigStr + ") = " + WriteVal(SigInd,1.3) + ", H = " + WriteVal(HistInd,1.3); // If current symbol is NOT an index, compare volume MA to filter limit VolumeMA = MA( V, 50 ); if( IsIndex() ) { VolumeMABool = True; } else { VolumeMABool = IsTrue( VolumeMA > VolumeFilter ); } // Get MACD-H, EMA, Stochastics and RSI arrays DayHist = MACD( PeriodFast, PeriodSlow ) - Signal( PeriodFast, PeriodSlow, PeriodSignal ); DayEMA = EMA( Close, PeriodEMA ); DaySTO = StochK( 14 ); DayRSI = RSI( 14 ); DayBuyBool = IsTrue( ( // DayEMA > Ref(DayEMA,-1) // EMA rising DaySTO < 70 // STO not overbought // AND DayRSI > Ref(DayRSI,-1) // RSI rising AND MACD( PeriodFast, PeriodSlow ) < 0 ) OR Timeframe == "5-day" OR Timeframe == "Weekly" ); DaySellBool = IsTrue( ( // DayEMA < Ref(DayEMA,-1) // EMA falling DaySTO > 30 // STO not oversold // AND DayRSI < Ref(DayRSI,-1) // RSI falling AND MACD( PeriodFast, PeriodSlow ) > 0 ) OR Timeframe == "5-day" OR Timeframe == "Weekly" ); //-------------------------- // Positive MACD divergences //-------------------------- // Get array containing for each element, when the MACD's lowest // value occur, within the specified number of bars MACDLowBars = LLVBars( MACDInd, MACDDivMinWidth ); // Get array defining if the MACD's previous bar was the // minimum, AND if that MACD value < 0 MACDMinCond = MACDLowBars > 0 AND Ref(MACDLowBars,-1) == 0 AND Ref(MACDInd,-1) < 0; // Get array containing MACD low bar values where lows // occured, all other bars filled with 0 MACDLowVal = IIf( MACDMinCond , Ref(MACDInd,-1), 0 ); // Get array containing MACD low bar value at bar where MACD // low occured, all other bars filled with preceding MACD // low value (chandelier) MACDLowSteps = ValueWhen( Ref(MACDMinCond,0), Ref(MACDInd,-1), 1 ); // Get array containing price low bar values where lows // occured, all other bars filled with huge number PriceMACDLowVal = IIf( MACDMinCond, Ref(LLV(L,MACDDivMinWidth ),-1), 2000000 ); // Get array containing local price low bar value at bar // where MACD low occured, all other bars filled with preceding // price low value (chandelier) PriceMACDLowSteps = ValueWhen( Ref(MACDMinCond ,0), LLV(L,MACDDivMinWidth ) ); // Get array containing differences in MACD low bar values MACDLowDiffs = MACDLowSteps - Ref(MACDLowSteps,-1); // Get array containing differences in price low bar values PriceMACDLowDiffs = PriceMACDLowSteps - Ref(PriceMACDLowSteps,-1); // Get array defining positive divergences MACDLowBarDiffs = Ref( BarsSince(MACDMinCond ), -1 ); // Divergence signal MACDPosDivergence = // MACDLowDiffs > 0 AND MACDLowVal < 0 AND MACDLowVal > LLV(MACDLowVal, MACDIndicatorRange ) AND PriceMACDLowVal < LLV(Ref(PriceMACDLowVal,-1), MACDIndicatorRange ) AND PriceMACDLowDiffs < 0 AND MACDLowBarDiffs < MACDIndicatorRange AND VolumeMABool AND C > 1.0 // AND WeekBuyBool ; //-------------------------- // Negative MACD divergences //-------------------------- // Get array containing for each element, when the MACD's highest // value occur, within the specified number of bars MACDHighBars = HHVBars( MACDInd, MACDDivMinWidth ); // Get array defining if the MACD's previous bar was the // maximum, AND if that MACD value > 0 MACDMaxCond = MACDHighBars > 0 AND Ref(MACDHighBars,-1) == 0 AND Ref(MACDInd,-1) > 0; // Get array containing MACD high bar values where highs // occured, all other bars filled with 0 MACDHighVal = IIf( MACDMaxCond, Ref(MACDInd,-1), 0); // Get array containing MACD high bar value at bar where MACD // high occured, all other bars filled with preceding MACD // high value (chandelier) MACDHighSteps = ValueWhen( Ref(MACDMaxCond,0), Ref(MACDInd,-1), 1 ); // Get array containing MACD high bar values where highs // occured, all other bars filled with 0 PriceMACDHighVal = IIf( MACDMaxCond, Ref(HHV(H,MACDDivMinWidth),-1), 0); // Get array containing local price high bar value at bar // where MACD high occured, all other bars filled with preceeding // price high value (chandelier) PriceMACDHighSteps = ValueWhen( Ref(MACDMaxCond,0), HHV(H,MACDDivMinWidth) ); // Get array containing differences in MACD high bar values MACDHighDiffs = MACDHighSteps - Ref(MACDHighSteps,-1); // Get array containing differences in price high bar values PriceMACDHighDiffs = PriceMACDHighSteps - Ref(PriceMACDHighSteps,-1); // Get array defining negative divergences MACDHighBarDiffs = Ref( BarsSince(MACDMaxCond), -1 ); // Divergence signal MACDNegDivergence = // MACDHighDiffs < 0 AND MACDHighVal > 0 AND PriceMACDHighVal > HHV( Ref(PriceMACDHighVal,-1), MACDIndicatorRange ) AND MACDHighVal < HHV( MACDHighVal, MACDIndicatorRange ) AND PriceMACDHighDiffs > 0 AND MACDHighBarDiffs < MACDIndicatorRange AND VolumeMABool AND C > 1.0 // AND WeekBuyBool ; //------------------------------------ // Positive MACD Histogram divergences //------------------------------------ // Get array containing when positive and negative and positive // crossovers occured HistPosCrossover = Cross( HistInd, 0 ) ; HistNegCrossover = Cross( 0, HistInd ) ; BarsSinceNegCross = BarsSince( HistNegCrossover ); BarsSincePosCross = BarsSince( HistPosCrossover ); // Get arrays containing for each element, when the MACD-H lowest // values occur, within the specified number of bars HistLowBars = LLVBars( HistInd, MACDDivMinWidth ); // Get array defining if the MACD-H previous bar was the minimum // AND if that MACD-H value was < 0 or > 0 HistMinCond = HistLowBars > 0 AND BarsSinceNegCross >= HistLowBars AND Ref(HistLowBars,-1) == 0 AND Ref(HistInd,-1) < 0; // Get array containing MACD-H low bar values where lows // occured, all other bars filled with 0 HistLowVal = IIf( HistMinCond , Ref(HistInd,-1), 0 ); // Get array containing MACD-H low bar value at bar where MACD-H // low occured, all other bars filled with preceding MACD-H // low value (chandelier) HistLowSteps = ValueWhen( Ref(HistMinCond,0), Ref(HistInd,-1), 1 ); // Get array containing differences between MACD-H low bar value and the value // at previous MACD-H zero positive crossing // HistLowDiffs = HistLowSteps - ValueWhen( HistPosCrossover, HistLowSteps, 1 ); HistLowDiffs = HistLowSteps - Ref(HistLowSteps,-1); // Get array containing MACD-H min value when MACD-H < 0, all other // bars filled with 0 BarsSincePrevNegCross = ValueWhen( HistNegCrossover, Ref(BarsSinceNegCross ,-1), 1 ); BarsSinceWideNegCross = IIf( HistInd < 0 AND BarsSincePosCross - BarsSinceNegCross < HistMinWidth, BarsSincePrevNegCross + BarsSinceNegCross + 1, BarsSinceNegCross ); HistMinSteps = IIf( !BarsSinceWideNegCross, HistInd, LLV( HistInd , BarsSinceWideNegCross + 1) ); // Get array containing differences in MACD-H max bar values HistMinDiffs = IIf( HistInd < 0, HistMinSteps - Ref(HistMinSteps,-1), 0); // Get minumum from previous MACD-H negative wave // Plot( ValueWhen( HistNegCrossover, Ref(HistMinSteps,-1), 1 ),"PrevHistMinSteps-1", colorGreen ); // Plot( ValueWhen( HistNegCrossover, Ref(HistMinSteps,-1), 2 ),"PrevHistMinSteps-1", colorGreen ); PrevHistMinSteps = IIf( HistInd < 0 AND BarsSincePosCross - BarsSinceNegCross < HistMinWidth, ValueWhen( HistNegCrossover, Ref(HistMinSteps,-1), 2 ), ValueWhen( HistNegCrossover, Ref(HistMinSteps,-1), 1 ) ); // Get array containing price low bar values where lows // occured, all other bars filled with huge number PriceHistLowVal = IIf( HistMinCond, Ref(LLV(L,MACDDivMinWidth),-1), 2000000 ); // Get array containing local price low bar value at bar // where MACD-H low occured, all other bars filled with preceding // price low value (chandelier) PriceHistLowSteps = ValueWhen( Ref(HistMinCond ,0), LLV(L,MACDDivMinWidth) ); // Get array containing differences in price low bar values PriceHistLowDiffs = PriceHistLowSteps - Ref(PriceHistLowSteps,-1); // Get array containing price low minimum value when MACD-H < 0, // all other bars filled with 0 PriceHistMinSteps = IIf( !BarsSinceNegCross, L, LLV( L , BarsSinceNegCross) ); // Get minimum from previous MACD-H negative wave PrevPriceHistMinSteps = IIf( BarsSincePosCross - BarsSinceNegCross < HistMinWidth, ValueWhen( HistNegCrossover, Ref(PriceHistMinSteps,-1), 2 ), ValueWhen( HistNegCrossover, Ref(PriceHistMinSteps,-1), 1 ) ); // Divergence signal HistPosDivergence = // HistLowDiffs > 0 AND // AND PriceHistLowDiffs < 0 HistMinSteps > PrevHistMinSteps AND PriceHistMinSteps < PrevPriceHistMinSteps AND HistLowVal < 0 AND VolumeMABool AND C > 1.0 ; //------------------------------------ // Negative MACD Histogram divergences //------------------------------------ // Get arrays containing for each element, when the MACD-H highest values // occur, within the specified number of bars HistHighBars = HHVBars( HistInd, MACDDivMinWidth ); // Get array defining if the MACD-H previous bar was the maximum, // AND if that MACD-H value was < 0 OR > 0 HistMaxCond = HistHighBars > 0 AND BarsSincePosCross >= HistHighBars AND Ref(HistHighBars,-1) == 0 AND Ref(HistInd,-1) > 0 ; // Get array containing MACD-H high bar values where highs // occured, all other bars filled with 0 HistHighVal = IIf( HistMaxCond, Ref(HistInd,-1), 0); // Get array containing MACD-H high bar value at bar where MACD-H // high occured, all other bars filled with preceding MACD-H // high value (chandelier) HistHighSteps = ValueWhen( Ref(HistMaxCond,0), Ref(HistInd,-1), 1 ); // Get array containing differences in MACD-H high bar values HistHighDiffs = HistHighSteps - Ref(HistHighSteps,-1); // Get array containing MACD-H max value when MACD-H > 0, all other // bars filled with 0 BarsSincePrevPosCross = ValueWhen( HistPosCrossover, Ref(BarsSincePosCross ,-1), 1 ); BarsSincePrevNegCross = ValueWhen( HistNegCrossover, Ref(BarsSinceNegCross ,-1), 1 ); BarsSinceWidePosCross = IIf( HistInd > 0 AND BarsSinceNegCross - BarsSincePosCross < HistMinWidth, BarsSincePrevPosCross + BarsSincePosCross + 1, BarsSincePosCross ); HistMaxSteps = IIf( !BarsSinceWidePosCross, HistInd, HHV( HistInd , BarsSinceWidePosCross + 1) ); // Get array containing differences in MACD-H max bar values HistMaxDiffs = IIf( HistInd > 0, HistMaxSteps - Ref(HistMaxSteps,-1), 0); // Get high from pevious MACD-H positive wave PrevHistMaxSteps = IIf( HistInd > 0 AND BarsSinceNegCross - BarsSincePosCross < HistMinWidth, ValueWhen( HistPosCrossover, Ref(HistMaxSteps,-1), 2 ), ValueWhen( HistPosCrossover, Ref(HistMaxSteps,-1), 1 ) ); // Get array containing MACD-H high bar values where highs // occured, all other bars filled with 0 PriceHistHighVal = IIf( HistMaxCond, Ref(HHV(H,MACDDivMinWidth),-1), 0); // Get array containing local price high bar value at bar // where MACD-H high occured, all other bars filled with preceeding // price high value (chandelier) PriceHistHighSteps = ValueWhen( Ref(HistMaxCond,0), HHV(H,MACDDivMinWidth) ); // Get array containing differences in price high bar values PriceHistHighDiffs = PriceHistHighSteps - Ref(PriceHistHighSteps,-1); // Get array containing MACD-H max value when MACD-H > 0, all other // bars filled with 0 PriceHistMaxSteps = IIf( !BarsSincePosCross, H, HHV( H , BarsSincePosCross) ); // Get high from pevious MACD-H positive wave PrevPriceHistMaxSteps = IIf( BarsSinceNegCross - BarsSincePosCross < HistMinWidth, ValueWhen( HistPosCrossover, Ref(PriceHistMaxSteps,-1), 2 ), ValueWhen( HistPosCrossover, Ref(PriceHistMaxSteps,-1), 1 ) ); // Divergence signal HistNegDivergence = // HistHighDiffs < 0 AND // AND PriceHistHighDiffs > 0 HistMaxSteps < PrevHistMaxSteps AND PriceHistMaxSteps > PrevPriceHistMaxSteps AND HistHighVal > 0 AND VolumeMABool AND C > 1.0 ; //----------------------- // MACD crossover signals //----------------------- PosCrossover = Cross( DayHist, 0 ) AND DayBuyBool AND VolumeMABool AND C > 1.0 ; NegCrossover = Cross( 0, DayHist ) AND DaySellBool AND VolumeMABool AND C > 1.0 ; // Plot signals PlotShapes( IIf( HistPosDivergence , shapeSmallUpTriangle, shapeNone ), colorBlack, 0, 0 , -12 ); PlotShapes( IIf( HistNegDivergence , shapeSmallDownTriangle, shapeNone ), colorBlue, 0, 0, -12 ); PlotShapes( IIf( MACDPosDivergence , shapeUpArrow , shapeNone ), colorGreen, 0, Graph1, -12 ); PlotShapes( IIf( MACDNegDivergence , shapeDownArrow, shapeNone ), colorYellow, 0, Graph1, -12 ); PlotShapes( IIf( PosCrossover , shapeSmallCircle, shapeNone ), colorBlue, 0, Graph1 , 0 ); PlotShapes( IIf( NegCrossover , shapeSmallCircle, shapeNone ), colorRed, 0, Graph1 , 0 ); Filter = HistPosDivergence OR HistNegDivergence OR PosCrossover OR NegCrossover OR MACDPosDivergence OR MACDNegDivergence ; if( Sector = SectorID( 0 ) >= 0 ) { Sector = SectorID( 1 ); Industry = IndustryID( 1 ); } else { Sector = "MG"; Industry = "MG"; } AddColumn( 32, "H-PD", formatChar, colorDefault, IIf(Filter && HistPosDivergence,colorBrightGreen,colorDefault) ); AddColumn( 32, "M-PD", formatChar, colorDefault, IIf(Filter && MACDPosDivergence,colorBrightGreen,colorDefault) ); AddColumn( 32, "M-PC", formatChar, colorDefault, IIf(Filter && PosCrossover,colorBrightGreen,colorDefault) ); AddColumn( 32, "H-ND", formatChar, colorDefault, IIf(Filter && HistNegDivergence,colorRed,colorDefault) ); AddColumn( 32, "M-ND", formatChar, colorDefault, IIf(Filter && MACDNegDivergence,colorRed,colorDefault) ); AddColumn( 32, "M-NC", formatChar, colorDefault, IIf(Filter && NegCrossover,colorRed,colorDefault) ); AddTextColumn( Sector , "Sector" ); AddTextColumn( Industry , "Industry" ); _SECTION_END(); _SECTION_BEGIN("MACD UYUMSZ"); // MACD divergence // Backgraund color White P = Param("Priod MACD", 26, 8, 26, 1); VMACD = MACD(P); Length = 100; Lapse = 3; fUp = VMACD > Ref(VMACD, -1) & VMACD > Ref(VMACD, 1) & VMACD >55; fDown = VMACD < Ref(VMACD, -1) & VMACD < Ref(VMACD, 1) & VMACD < 45; Div = 0; for(i = Length; i < BarCount; i++) { // Down if(fUp[i]) { k = i-1; do { if(VMACD[k] > VMACD[i] & fUp[i] & fUp[k]) { if(C[k] < C[i] & i-k > Lapse) { Div[i] = 1; } k = i-Length; } else k = k-1; } while( k > i-Length ); } //////////////////////////// // Up if(fDown[i]) { k = i-1; do { if(VMACD[k] < VMACD[i] & fDown[i] & fDown[k]) { if(C[k] > C[i] & i-k > Lapse) { Div[i] = -1; } k = i-Length; } else k = k-1; } while( k > i-Length ); } } Fon = IIf(Div == 0, 0, 1); Col = IIf(Div == 1, 4, IIf(Div == -1, 5, 1)); Color = IIf(Div == 1, 48, IIf(Div == -1, 14, 1)); Color = IIf(fUp == 1, 48, IIf(fDown == 1, 14, 1)); Div = IIf(Div == 0, Null, abs(Div)); Fon = abs(Div); Title = EncodeColor(4)+"MACD(" + WriteVal(P, 2.0) + ")" + EncodeColor(1) + " ="+WriteVal(MACD(P)); Plot( MACD(P), "MACD", Col, 5); Plot( -0.015,"", 4, 16+4096); Plot( 0.45,"", 4, 16+4096); Plot(Fon, "", Color, 16384+32768+4096, MinValue = 0, MaxValue = 1); _SECTION_END(); _SECTION_END(); _SECTION_BEGIN("MACD UYUMSZ1"); // MACD divergence // Backgraund color White P = Param("Priod MACD", 26, 8, 26, 1); VMACD = MACD(P); Length = 100; Lapse = 3; fUp = VMACD > Ref(VMACD, -1) & VMACD > Ref(VMACD, 1) & VMACD >55; fDown = VMACD < Ref(VMACD, -1) & VMACD < Ref(VMACD, 1) & VMACD < 45; Div = 0; for(i = Length; i < BarCount; i++) { // Down if(fUp[i]) { k = i-1; do { if(VMACD[k] > VMACD[i] & fUp[i] & fUp[k]) { if(C[k] < C[i] & i-k > Lapse) { Div[i] = 1; } k = i-Length; } else k = k-1; } while( k > i-Length ); } //////////////////////////// // Up if(fDown[i]) { k = i-1; do { if(VMACD[k] < VMACD[i] & fDown[i] & fDown[k]) { if(C[k] > C[i] & i-k > Lapse) { Div[i] = -1; } k = i-Length; } else k = k-1; } while( k > i-Length ); } } Fon = IIf(Div == 0, 0, 1); Col = IIf(Div == 1, 4, IIf(Div == -1, 5, 1)); Color = IIf(Div == 1, 48, IIf(Div == -1, 14, 1)); Color = IIf(fUp == 1, 48, IIf(fDown == 1, 14, 1)); Div = IIf(Div == 0, Null, abs(Div)); Fon = abs(Div); Title = EncodeColor(4)+"MACD(" + WriteVal(P, 2.0) + ")" + EncodeColor(1) + " ="+WriteVal(MACD(P)); Plot( MACD(P), "MACD", Col, 5); Plot( -0.015,"", 4, 16+4096); Plot( 0.45,"", 4, 16+4096); Plot(Fon, "", Color, 16384+32768+4096, MinValue = 0, MaxValue = 1); _SECTION_END(); _SECTION_END(); _SECTION_BEGIN("Background"); SetChartOptions(0,chartShowArrows|chartShowDates); SetChartBkColor(ParamColor("Outer panel",colorBlack)); // color of outer border SetChartBkGradientFill( ParamColor("Inner panel upper",colorBlack),ParamColor("Inner panel lower",colorBlack)); tchoice=Param("Title Selection ",2,1,2,1); ////////////////////////////////////////////////////////////////// _SECTION_BEGIN("Momentum"); function Momentum( array, period ) { return array - Ref( array, -period ); } Plot( Momentum( ParamField( "Field" ), Param("Period", 10, 1, 100 ) ), _DEFAULT_NAME(), ParamColor("Color", ColorCycle ) ); _SECTION_END();