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3 / 5 (Votes 12)

oscillator, macd, amibroker

Reversing MACD is a MACD plotted on Price chart.

Based upon Article from:
http://www.traders.com/index.php/sac-magazine/current-contents/48-feature-articles/indicators/876

Using the scripts given in Metastock:
http://www.traders.com/Documentation/FEEDbk_docs/2012/01/TradersTips.html
(Amibroker version need Subscriber’s)

I coached forum member in TJ:
http://www.traderji.com/amibroker/77416-reverse-macd-amibroker.html
to translate into the following AFL script:

== AFL Formula ======

_SECTION_BEGIN("MS RevMACD on Price");
t1 = Param("fast periods", 12,5, 24, 12);
t2 = Param("slow periods", 26,10, 52, 26);
t3 = Param("signal periods", 9,3, 18, 9);
pick = Param("plot: <1=MACDeq 2=MACDeq0 3=HLC 4=BBands>",1,1,4,1);
a1 = 2/(t1+1);
a2 = 2/(t2+1);
CMACDeq = (Ref(EMA(C,t1)*a1,-1)-Ref(EMA(C,t2)*a2,-1))/(a1-a2);
HMACDeq = (Ref(EMA(H,t1)*a1,-1)-Ref(EMA(H,t2)*a2,-1))/(a1-a2);
LMACDeq = (Ref(EMA(L,t1)*a1,-1)-Ref(EMA(L,t2)*a2,-1))/(a1-a2);
MACDeq0 = Ref(EMA(C,t2)*(1-a2) - EMA(C,t1)*(1-a1),-1)/(a1-a2);
z = LastValue(IIf(pick > 2, 0, Cum(1)+1));
plot1 = IIf(pick==3, HMACDeq, BBandTop(CMACDeq,10,1));
plot2 = IIf(pick==2, MACDeq0, CMACDeq);
plot3 = IIf(pick==3, LMACDeq, BBandBot(CMACDeq,10,1));
Plot(plot1+ Ref(0,z),"HMACDeq",colorGreen,styleThick);
Plot(plot3+ Ref(0,z),"LMACDeq",colorRed,styleThick);
Rmacdcolor=IIf(MACDeq0<= C, ParamColor("Rmacdup", colorGreen),ParamColor("Rmacddn", colorRed));
Plot(plot2,"MACDeq0",Rmacdcolor,styleLine);
Colmacdeq=IIf(C>HMACDeq,colorLime,IIf(C<LMACDeq,colorOrange,colorDarkYellow));
Plot(CMACDeq,"CMACDeq ",colmacdeq,8);
_SECTION_END();

However i prefer tradestation version and is better than mestock. Hereby share with public.

Submitted by mavirk almost 15 years ago

Submitted by sandiip123 over 14 years ago

Submitted by zillur over 14 years ago

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_SECTION_BEGIN("TS RevMACD on Price");
_MACD_     = 1;
_MACD_HLC  = 2;
_MACD_BB   = 3;
_MACD_MTF  = 4;
 
//-------------------------
//-- Created by KelvinHand
//-------------------------
ColorDeepSkyBlue = ColorRGB(65,105,225);
 
function _PMACDeq (Price, period_X,period_Y)
/*
{ TASC January 2012 }
{ Reversing MACD by Johnny Dough }
{ returns price where MACD is equal to previous bar 
  MACD }
     
inputs:
    Price( numericseries ),
    period_X( numericsimple ),
    period_Y( numericsimple ) ;
 
variables:
*/
{
    alphaX = 2 / ( 1 + period_X ) ;
    alphaY = 2 / ( 1 + period_Y ) ;
     
  return (( EMA( Price, period_X ) * alphaX -  EMA( Price, period_Y ) * alphaY ) /( alphaX - alphaY )) ;
}
 
function _PMACDlevel (level,Price,period_X, period_Y)
/*
{ TASC January 2012 }
{ Reversing MACD by Johnny Dough }
 
inputs:
    level( numericsimple ),
    Price( numericseries ),
    period_X( numericsimple ),
    period_Y( numericsimple ) ;
*/
{
//variables:
 alphaX = 2 / ( 1 + period_X ) ;
 alphaY = 2 / ( 1 + period_Y ) ;
 
 One_alphaX = 1 - alphaX ;
 One_alphaY = 1 - alphaY ;
 
 return ((Level + EMA(Price, period_Y)* One_alphaY - EMA(Price, period_X)* One_alphaX ) / ( alphaX - alphaY )) ;
 
}
 
function _PMACDzero(Price, period_X, period_Y)
{
/*{ TASC January 2012 }
{ Reversing MACD by Johnny Dough }
 
inputs:
    Price( numericseries ),
    period_X( numericsimple ),
    period_Y( numericsimple ) ;
*/ 
 return _PMACDlevel( 0, Price, period_X, period_Y ) ;
}
 
/*
_PMACD_Ind1 (Indicator for Price Sub-Graph)
{ TASC January 2012 }
{ Reversing MACD by Johnny Dough }
 
inputs:
*/
switch ( ParamList("PlotTemplate", "MACD|MACD_HLC|MACD_BB|MACD_MTF") )
{
 case "MACD_HLC": PlotTemplate=_MACD_HLC; break;
 case "MACD_BB":  PlotTemplate=_MACD_BB; break;
 case "MACD_MTF": PlotTemplate=_MACD_MTF; break;
 
 default: PlotTemplate=_MACD_; break;
  
}
 
 
switch(ParamList("Price used", "Close|Open|High|Low|MP(HL/2)|TP(HLC/3)|WP(HLCC/4)"))
{
 
  case "Open": iPrice = Open; break; 
  case "High": iPrice = High; break; 
  case "Low":  iPrice = Low; break; 
 
  case "MP(HL/2)":  iPrice = (H+L)/2; break; 
  case "TP(HLC/3)": iPrice = (H+L+C)/2; break; 
  case "WP(HLCC/4)": iPrice = (H+L+C+C)/2; break; 
  default: iPrice = Close; break; 
      
}
 
P_Fast= Param("Fast periods", 12, 2,  200);
P_Slow= Param("Slow periods", 26, 2,  200);
P_Signal= Param("Signal periods", 9, 2,  200); //{ PMACDeq EMA Signal length } 
 
PMACD_TF_Mult1 = Param("Multiplier for Higher TF1", 5,  1,  100);  
PMACD_TF_Mult2 = Param("Multiplier for Higher TF2", 21, 1,  100);  
 
p_bbperiod = Param("BB average length", 10, 2,  200); 
p_bbwidth  = Param("BB # of StdDev", 1, 1,  200); 
Displace   = Param("displacement", 1, 0,  200); 
     
//variables:
PMACDeq = Null;
PMACDeqSignal= Null;
PMACDeq_TF1 = Null;
PMACDeq_TF2 = Null;
UpperBand = Null;
LowerBand = Null;
 
PMACDzero = _PMACDzero( iPrice, P_Fast, P_Slow ) ;
 
//{ Plots }
 if (PlotTemplate != _MACD_HLC)
 {  
    PMACDeq = _PMACDeq( iPrice, P_Fast, P_Slow ) ;
    //Plot1[Displace]( PMACDeq, "PMACDeq" ) ;
   Plot(PMACDeq, "PMACDeq", 
                ParamColor("PMACDeq Color",ColorDeepSkyBlue), 
          ParamStyle("PMACDeq Style",styleLine|styleNoLabel), 
                    0, 0, Displace);  
 }
 
 //Plot2[Displace]( PMACDzero, "PMACDzero" ) ;
 Plot(PMACDzero, "PMACDzero", 
            ParamColor("PMACDzero Color",colorWhite), 
            ParamStyle("PMACDzero Style",styleLine|styleNoLabel), 
                0, 0, Displace);  
 
 if (PlotTemplate == _MACD_HLC)
 {
  Plot(_PMACDeq( Close, P_Fast, P_Slow ), "PMACD_C", 
     ParamColor("PMACD_C Color",colorTeal), 
        ParamStyle("PMACD_C Style",styleLine|styleNoLabel) 
    );
 
 
  Plot(_PMACDeq( High,  P_Fast, P_Slow ), "PMACD_H", 
     ParamColor("PMACD_H Color",colorDarkYellow), 
        ParamStyle("PMACD_H Style",styleLine|styleNoLabel)
    );
 
  Plot(_PMACDeq( Low,   P_Fast, P_Slow ), "PMACD L", 
     ParamColor("PMACD_L Color",colorDarkYellow), 
        ParamStyle("PMACD_L Style",styleLine|styleNoLabel) 
    );
 }  
     
 if (PlotTemplate == _MACD_)
 {
  PMACDeqSignal = EMA( PMACDeq, P_Signal ) ;
  Plot(PMACDeqSignal, "PMACDeqSig", 
            ParamColor("PMACDeqSig Color",colorAqua), 
       ParamStyle("PMACDeqSig Style",styleLine|styleNoLabel), 
            0, 0, Displace);  
 }
       
 if (PlotTemplate == _MACD_BB)
 {
    UpperBand = BBandTop(PMACDeq, p_bbperiod, p_bbwidth );  
    LowerBand = BBandBot(PMACDeq, p_bbperiod, p_bbwidth );
  Plot(UpperBand, "UpperBand", 
            ParamColor("UpperBand Color",colorTeal), 
       ParamStyle("UpperBand Style",styleLine|styleNoLabel), 
            0, 0, Displace);  
  Plot(LowerBand, "LowerBand", 
            ParamColor("LowerBand Color",colorTeal), 
       ParamStyle("LowerBand Style",styleLine|styleNoLabel), 
            0, 0, Displace);  
 }  
 
 if (PlotTemplate == _MACD_MTF)
 {
    PMACDeq_TF1 = _PMACDeq( iPrice, P_Fast *  PMACD_TF_Mult1, P_Slow * PMACD_TF_Mult1 ) ;
    PMACDeq_TF2 = _PMACDeq( iPrice, P_Fast *  PMACD_TF_Mult2, P_Slow * PMACD_TF_Mult2 ) ;
  Plot(PMACDeq_TF1, "PMACDeqTF1", 
            ParamColor("PMACDeqTF1 Color",colorDarkYellow), 
       ParamStyle("PMACDeqTF1 Style",styleLine|styleNoLabel), 
            0, 0, Displace);  
  Plot(PMACDeq_TF2, "PMACDeqTF2", 
            ParamColor("PMACDeqTF2 Color",colorDarkYellow), 
  
       ParamStyle("PMACDeqTF2 Style",styleLine|styleNoLabel), 
            0, 0, Displace);  
 }  
 
_SECTION_END();

2 comments

1. sureshsellappan

about 8 years ago

nice afl

Report as Spam

2. SADAI

about 8 years ago

Thanks and good for the sharing

Report as Spam

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Reversing MACD for Amibroker (AFL)
kelvinhand
almost 12 years ago
Amibroker (AFL)

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Reversing MACD for Amibroker (AFL) kelvinhand almost 12 years ago Amibroker (AFL)

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Indicator / Formula

2 comments

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Reversing MACD for Amibroker (AFL)
kelvinhand
almost 12 years ago
Amibroker (AFL)