about macd? - Trading Software

about macd?

kulkarni
2010-07-12 07:00:20

hi,
i want to make my own formula with macd indicator but i have problem in it.
i am use macd indicator . in indicator pane macd show chartline & bar . when price go to below O line bar color change & again change when price go upside O line.
in my formula i want that if bar color is red (macd is below 0 line) & bar size is lower than previous bar then show arrow for buy(that means now price will go up).
sell signal is same but bar color is green (that means now price will go down)
my buy or sell formula depend upon only parameter v2(red color values
can u help me?

QuantShare
2010-07-12 07:45:56

What do you mean by bar size is lower than previous bar? range, close?
What is the parameter v2 ?

kulkarni
2010-07-13 01:36:02

i find in formula on right click on macd (view formula) in color red there is parameter value which is used in my formula. if this value is lower than previous date(macd bar)& it is below central line then show arrow for buy signal.
above rule is same for sell rule but only change is it is on above central line (macd bar (color green).

QuantShare
2010-07-13 05:10:28

Here is the formula
PlotArrow(cross(v2, 0), "Buy", BelowLow, colorGreen);
PlotArrow(cross(0, v2), "Sell", AboveHigh, colorRed);

Let me know if this is what you were looking for.

kulkarni
2010-07-13 10:03:56

hello,
i have create this formula but i want plot for it for previous date . i am try to explain it.
how can i send image of chart to u so i can easily explain what i want

QuantShare
2010-07-13 12:43:40

Upload the image using imageshack.us, then post the link

kulkarni
2010-07-15 00:59:03

hi,
here is url. arrow show where i want to generate macd rule arrow. blue color arrow show for buy rule & red for sell . see red color parameter
http://img84.imageshack.us/i/quantsharemacd.png/

QuantShare
2010-07-15 06:02:26

Best Answer

Here is the complete formula:

//MACD
v1 = Macd();
v2 = MacdHist(15);
v3 = MacdSignal(15);

Plot(v1, "Parameter", colorBlue, ChartLine, StyleSymbolNone);
Plot(v3, "Parameter", colorGreen, ChartLine, StyleSymbolNone);

Plot(v2, "Parameter", colorRed|113, ChartBar, StyleSymbolNone);
UpdateColor(v2 > 0, colorLime|116);

brule = v2 > ref(v2, 1) && ref(v2, 1) < ref(v2, 2) && v2 < 0;
srule = v2 < ref(v2, 1) && ref(v2, 1) > ref(v2, 2) && v2 > 0;

PlotArrow(brule, "Buy", BelowLow, colorGreen);
PlotArrow(srule, "Sell", AboveHigh, colorRed);

kulkarni
2010-07-15 07:46:54

THANK YOU VERY MUCH. I AM VERY HAPPY WITH YOUR REPLY.THANKS AGAIN.
how to optimise with this formula?

QuantShare
2010-07-15 08:11:21

What do you want to optimize?

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