Entry counters within the MACD

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  • 06/04/2022 at 10:23 AM #194607 quote
    phoentzs
    Participant
    Master

    I have one more little job for a coder. There is a code snippet 1 trade per day… is it possible to write a similar function on an indicator? I need this function for the MACD:

    Long: MACD crosses over 0, if MACDLINE > 0 Short vice versa

    But only for the 1st cross of the MACD, ideally the following crosses can be counted/optimized. The counter is then reset as soon as the MACDLINE generates a new signal/new swing. Is this doable?

    Explanation in the picture (sorry smartphone) green bar: counter start,

    1-4: possible entries,

    5: reset the counter.

    CBD3FB6A-DB10-4D4B-95D7-52AA59AE0A44.jpeg CBD3FB6A-DB10-4D4B-95D7-52AA59AE0A44.jpeg
    06/06/2022 at 9:53 AM #194753 quote
    robertogozzi
    Moderator
    Master

    There you go:

    DEFPARAM DrawOnLastBarOnly = true
ONCE Count = 0
IF IntraDayBarIndex = 0 THEN
   Count = 0
ENDIF
IF Macd[12,26,9] CROSSES OVER 0 THEN
   Count = Count + 1
ENDIF
x = Count
IF Count = Count[1] THEN
   x = 0
ENDIF
RETURN x AS "Crossover Count"
    06/06/2022 at 2:00 PM #194795 quote
    phoentzs
    Participant
    Master

    Thanks, but I meant it as coding for a strategy. Counting condition Long/Counting start is Cross MACDLINE above 0. Counter reset is Cross MACDLINE below 0 and at the same time counting start for Short. The crosses of the MACD itself are counted, each long and short. I want to find out how many MACD crosses can be lucrative within a swing of the MACDLINE.

    06/07/2022 at 10:04 AM #194828 quote
    robertogozzi
    Moderator
    Master

    Bob’s your uncle:

    ONCE ShortTallyMACD     = 0
ONCE LongTallyMACD      = 0
ONCE ShortTallyMACDline = 0
ONCE LongTallyMACDline  = 0
//
MyHISTO    = MACD[12,26,9](close)
//MySIGNAL = MACDSignal[12,26,9](close)
MyLINE     = MACDline[12,26,9](close)
//
IF MyHisto CROSSES OVER  0 THEN
LongTallyMACD  = LongTallyMACD + 1
ShortTallyMACD = 0
ENDIF
IF MyHisto CROSSES UNDER 0 THEN
LongTallyMACD  = 0
ShortTallyMACD = ShortTallyMACD + 1
ENDIF
//
IF MyLINE CROSSES OVER  0 THEN
LongTallyMACDline  = LongTallyMACDline + 1
ShortTallyMACDline = 0
ENDIF
IF MyLINE CROSSES UNDER 0 THEN
LongTallyMACDline  = 0
ShortTallyMACDline = ShortTallyMACDline + 1
ENDIF
//
buy at -close limit
//
Graph ShortTallyMACD
Graph LongTallyMACD
Graph ShortTallyMACDline
Graph LongTallyMACDline
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Entry counters within the MACD


ProOrder: Automated Strategies & Backtesting

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phoentzs @phoentzs Participant
Summary

This topic contains 3 replies,
has 2 voices, and was last updated by robertogozzi
3 years, 8 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 06/04/2022
Status: Active
Attachments: 1 files
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