Entry counters within the MACD

Viewing 4 posts - 1 through 4 (of 4 total)

Author

Posts
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

06/06/2022 at 9:53 AM #194753 quote
robertogozzi
Moderator

Legend
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

Legend
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
```
Midlanddave thanked this post
Author

Posts