Higher Lows Price and MACD in sync when candle crosses MA

• 09/10/2019 at 11:10 AM #107045
  Malend

  With  help from Vonasi (many many thanks) I developed an indicator which shows higher lows and lower highs in the MACD in sync with higher lows from bars which cross the Averge line. You are able set your personal Average and personal MACD.
  In the image you see an example of lower highs in sync.

  DEFPARAM calculateonlastbars = 1000 macdl = macdline[ShortTermMA,LongTermMA,Periods] macds = exponentialaverage[Periods](macdl) //start of cycle low If macdl =< macds and macdl[1] > macds[1] then macdlowest2 = macdlowest lowestprice2 = lowestprice incyclelow = 1 macdlowest = macdl LowestPrice = low endif //End of cycle low If macdl > macds and macdl[1] < macds[1] or macdl < macdlowest2 then incyclelow = 0 endif //lowest macd and price in cycle if incyclelow then macdlowest = min(macdlowest, macdl) lowestPrice = min(lowestprice, low) c1 = open < average[ma] c2 = close > average[ma] c3 = macdlowest > macdlowest2 c4 = lowestprice > lowestprice2 if c1 and c2 and c3 and c4 then drawvline(barindex)coloured(0,250,0) endif endif //start of cycle high If macdl => macds and macdl[1] < macds[1] then macdhighest2 = macdhighest highestprice2 = highestprice incyclehigh = 1 macdhighest = macdl highestPrice = high endif //End of cycle high If macdl < macds and macdl[1] > macds[1] or macdl > macdhighest2 then incyclehigh = 0 endif //highest macd and price in cycle high if incyclehigh then macdhighest = min(macdhighest, macdl) highestPrice = min(highestprice, low) c1a = open > average[ma] c2a = close < average[ma] c3a = macdhighest < macdhighest2 c4a = highestprice < highestprice2 if c1a and c2a and c3a and c4a then drawvline(barindex)coloured(250,0,0) endif endif return

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  DEFPARAM calculateonlastbars = 1000   macdl = macdline[ShortTermMA,LongTermMA,Periods] macds = exponentialaverage[Periods](macdl)   //start of cycle low If macdl =< macds and macdl[1] > macds[1] then macdlowest2 = macdlowest lowestprice2 = lowestprice incyclelow = 1 macdlowest = macdl LowestPrice = low endif //End of cycle low If macdl > macds and macdl[1] < macds[1] or macdl < macdlowest2 then incyclelow = 0 endif //lowest macd and price in cycle if incyclelow then macdlowest = min(macdlowest, macdl) lowestPrice = min(lowestprice, low) c1 = open < average[ma] c2 = close > average[ma] c3 = macdlowest > macdlowest2 c4 = lowestprice > lowestprice2 if c1 and c2 and c3 and c4 then drawvline(barindex)coloured(0,250,0)   endif   endif //start of cycle high If macdl => macds and macdl[1] < macds[1] then macdhighest2 = macdhighest highestprice2 = highestprice incyclehigh = 1 macdhighest = macdl highestPrice = high endif //End of cycle high If macdl < macds and macdl[1] > macds[1] or macdl > macdhighest2 then incyclehigh = 0 endif //highest macd and price in cycle high if incyclehigh then macdhighest = min(macdhighest, macdl) highestPrice = min(highestprice, low) c1a = open > average[ma] c2a = close < average[ma] c3a = macdhighest < macdhighest2 c4a = highestprice < highestprice2 if c1a and c2a and c3a and c4a then drawvline(barindex)coloured(250,0,0) endif endif return

   

  

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  09/10/2019 at 1:17 PM #107055
  Vonasi

  An image of the actual indicator on a chart might be helpful.

  

  Vonasi

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  09/10/2019 at 1:19 PM #107056
  Malend

  I found one error, so here the fresh one.

  DEFPARAM calculateonlastbars = 1000 macdl = macdline[ShortTermMA,LongTermMA,Periods] macds = exponentialaverage[Periods](macdl) //start of cycle low If macdl =< macds and macdl[1] > macds[1] then macdlowest2 = macdlowest lowestprice2 = lowestprice incyclelow = 1 macdlowest = macdl LowestPrice = low endif //End of cycle low If macdl > macds and macdl[1] < macds[1] or macdl < macdlowest2 then incyclelow = 0 endif //lowest macd and price in cycle if incyclelow then macdlowest = min(macdlowest, macdl) lowestPrice = min(lowestprice, low) c1 = open < average[ma] c2 = close > average[ma] c3 = macdlowest > macdlowest2 c4 = lowestprice > lowestprice2 if c1 and c2 and c3 and c4 then drawvline(barindex)coloured(0,250,0) endif endif //start of cycle high If macdl => macds and macdl[1] < macds[1] then macdhighest2 = macdhighest highestprice2 = highestprice incyclehigh = 1 macdhighest = macdl highestPrice = high endif //End of cycle high If macdl < macds and macdl[1] > macds[1] or macdl > macdhighest2 then incyclehigh = 0 endif //highest macd and price in cycle high if incyclehigh then macdhighest = max(macdhighest, macdl) highestPrice = max(highestprice, high) c1a = open > average[ma] c2a = close < average[ma] c3a = macdhighest < macdhighest2 c4a = highestprice < highestprice2 if c1a and c2a and c3a and c4a then drawvline(barindex)coloured(250,0,0) endif endif

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  DEFPARAM calculateonlastbars = 1000 macdl = macdline[ShortTermMA,LongTermMA,Periods] macds = exponentialaverage[Periods](macdl) //start of cycle low If macdl =< macds and macdl[1] > macds[1] then macdlowest2 = macdlowest lowestprice2 = lowestprice incyclelow = 1 macdlowest = macdl LowestPrice = low endif //End of cycle low If macdl > macds and macdl[1] < macds[1] or macdl < macdlowest2 then incyclelow = 0 endif //lowest macd and price in cycle if incyclelow then macdlowest = min(macdlowest, macdl) lowestPrice = min(lowestprice, low) c1 = open < average[ma] c2 = close > average[ma] c3 = macdlowest > macdlowest2 c4 = lowestprice > lowestprice2 if c1 and c2 and c3 and c4 then drawvline(barindex)coloured(0,250,0) endif endif //start of cycle high If macdl => macds and macdl[1] < macds[1] then macdhighest2 = macdhighest highestprice2 = highestprice incyclehigh = 1 macdhighest = macdl highestPrice = high endif //End of cycle high If macdl < macds and macdl[1] > macds[1] or macdl > macdhighest2 then incyclehigh = 0 endif //highest macd and price in cycle high if incyclehigh then macdhighest = max(macdhighest, macdl) highestPrice = max(highestprice, high) c1a = open > average[ma] c2a = close < average[ma] c3a = macdhighest < macdhighest2 c4a = highestprice < highestprice2 if c1a and c2a and c3a and c4a then drawvline(barindex)coloured(250,0,0) endif endif

   

  

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  09/10/2019 at 1:42 PM #107058
  Nicolas

  How do you use it please? People would love to know! (and me too) 😉

  

  Nicolas

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  09/10/2019 at 1:56 PM #107061
  Malend

  Hi Nicolas,

  It could be a way enter positions. Of course it is an indicator which only indicates, but it in a trending market it could be a way to enter positions. As you see in example in the image it indicates a possibility to go long.

  

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  09/10/2019 at 1:58 PM #107062
  Malend

  If you need higher probability you it would be good to combine it with your favourite indicators.

  

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