There you go:

///////////////////////////////////////////////////////////
 
// MACD divergences on price
//by Jose Callao
// twitter @jose7674
// attach this indicator to the chart
 
N=40///N is the number of bars to look back for a divergence. Normal values are 20-40. Must be the same in both indicators
 
//using any other indicator is as easy as changing the values
miMACD = exponentialAverage[12](close) - exponentialAverage[26](close)
 
IF (BarIndex > 10+1+N) THEN
 
//we look for bearish divergences
IF (miMACD[1]>miMACD AND miMACD[1]>miMACD[2]) THEN
extremum2=miMACD[1]
extremum1=highest[N](miMACD)
 
preciomax2=close[1]
preciomax=Highest[N](close)
IF(extremum2<extremum1 AND preciomax2>preciomax[1]) THEN
for i=1 to N
if close[i]=preciomax[1] then
zz=i
 
drawsegment (barindex[1], close[1], barindex[zz], close[zz]) coloured(200,0,0)
offset = high[1] + (high[1] / 100)
drawtext("Sell",barindex[1],Offset) coloured(255,0,0,255)
endif
next
 
endif
endif
 
//we look for bullish divergences
IF (miMACD[1]<miMACD AND miMACD[1]<miMACD[2]) THEN
extremum22=miMACD[1]
extremum11=lowest[N](miMACD)
 
preciomin2=close[1]
preciomin=lowest[N](close)
 
IF(extremum22>extremum11 AND preciomin2<preciomin[1]) THEN
for i2=1 to N
if close[i2]=preciomin[1] then
zz2=i2
drawsegment(barindex[1], close[1], barindex[zz2], close[zz2]) coloured(0,200,0)
offset = low[1] - (low[1] / 100)
drawtext("buy",barindex[1],Offset) coloured(0,128,0,255)
endif
next
endif
endif
endif
return

Hello Nicolas, Jose, Segie & Roberto,

When the above indicator triggers, it lags by a few points. This is normal and correct with all MACD type indicators.

Now assume I have it displayed on Chart and instead of having Drawsegment, I have Drawarrowup and Drawarrowdown instead. My question is:

If I want to (on purpose) make it false trigger i.e. trigger the up and down arrows on Barindex[1] prematurely by say 10 index points before actual bullish and bearish conditions are triggered, how would I do that please?

Many tnx in advance

Tnx Roberto. I am not sure if I explained myself properly.

I want the signal to appear prematurely (i.e. prior prior and in advance of what it was going to appear).

Let’s say the signal will appear when a condition is met (let’s say when current bar price is or reaches 7000). What I want is the signal to appear as the price approaches or near 7000 (say 7000 – x points, for example 6990)

with the MACD indicator that JOSE has written, once the conditions that trigger the signals are understood, then we can alter those conditions to trigger on approach not on attainment. I am fully aware that this would defeat the purpose of the divergence/convergence but still that’s what I want to achieve and test. It would be like a prewarning of trouble ahead 🙂

Hope this has clarified what I am trying to achieve.

Mate I used Close as just a plain example. The actual conditions for the signal trigger are those in the MACD on MACD indicator that is coded by JOSE and posted here in the forum. Have a look at this indicator and see if you can grasp the conditions that trigger the signal. if you can then see if there is a way to trigger the signal on approach of condition (i.e. pre-mature trigger) rather than on attainment of condition.

tnx Roberto.

The below attached file returns value of an indicator I have written on top or bottom of candle (green if positive and red if negative). The value is live and dynamic i.e. it changes up and down for the duration of the timeframe. At the end of time frame, the value freezes and becomes historic, green if positive by end of time frame and red if negative by end of time frame). So far so easy and straightforward.

My question is:

How can I display the rate the value is changing per minute? is that possible with an array or some other simpler code?