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MACD Divergences 2 for Amibroker (AFL)
Rating:
4 / 5 (Votes 5)
Tags:
oscillator, amibroker, exploration
Discrepancies between price and MACD.
Screenshots
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1222 1223 1224 1225 1226 1227 1228 1229 1230 1231 1232 1233 1234 1235 1236 1237 1238 1239 1240 1241 1242 1243 1244 1245 1246 1247 1248 1249 1250 1251 1252 1253 1254 1255 1256 1257 1258 1259 1260 1261 1262 1263 1264 1265 1266 1267 1268 1269 1270 1271 1272 1273 1274 1275 1276 1277 1278 1279 1280 1281 1282 1283 1284 1285 1286 1287 1288 1289 1290 1291 1292 1293 1294 1295 1296 1297 1298 1299 1300 1301 1302 1303 1304 1305 1306 1307 1308 1309 1310 1311 1312 1313 1314 1315 1316 1317 1318 1319 1320 1321 1322 1323 1324 1325 1326 1327 1328 1329 1330 1331 1332 1333 1334 1335 1336 1337 1338 1339 1340 1341 1342 1343 1344 1345 1346 1347 1348 1349 1350 1351 1352 1353 1354 1355 1356 1357 1358 1359 1360 1361 1362 1363 1364 1365 1366 1367 1368 1369 1370 1371 1372 1373 1374 1375 1376 1377 1378 1379 1380 1381 1382 1383 1384 1385 1386 1387 1388 1389 1390 1391 1392 1393 1394 1395 1396 1397 1398 1399 1400 1401 1402 1403 1404 | // 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 (); |
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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?