Stock Portfolio Organizer
The ultimate porfolio management solution.
Shares, Margin, CFD's, Futures and Forex
EOD and Realtime
Dividends and Trust Distributions
And Much More ....
WiseTrader Toolbox
#1 Selling Amibroker Plugin featuring:
Advanced Adaptive Indicators
Advanced Pattern Exploration
Neural Networks
And Much More ....
MACD Divergences 2 for Amibroker (AFL)
Rating:
4 / 5 (Votes 5)
Tags:
oscillator, amibroker, exploration
Discrepancies between price and MACD.
Screenshots
Similar Indicators / Formulas
Jasons Indicator Convergence Divergence (JICD)
Submitted
by kaiji almost 15 years ago
EMA,MACD,RSI EXPLORATION INDICATOR
Submitted
by viralmehta almost 11 years ago
Williams %R Exploration
Submitted
by kaiji almost 15 years ago
CumRSI
Submitted
by Xswingtrader over 14 years ago
Awesome Oscillator (AO)
Submitted
by zaroldo over 14 years ago
Cross Prediction
Submitted
by mauro24 over 14 years ago
Indicator / Formula
Copy & Paste Friendly
// 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();
4 comments
Leave Comment
Please login here to leave a comment.
Back
Thanks,it’s very useful
getting error line577 can anyone correct
This is a great tool! Thanks for sharing! I will study the code and see what changes I can make to improve the indicator.
Somehow i got the MACD lines and the histogram showing as separate. Is there anything I need to change?