MACD divergence strategy

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03/13/2023 at 3:36 PM #211483 quote

8278sv
Participant

New

Hi

I’m still quite new to the world of prorealtime and was hoping someone could help. I’m trying to code a strategy based on macd divergence. The default one does not correspond to what I was expecting. If you see attached I was expecting bars to show up on corresponding to the circles – both sell signals. Is there a bespoke code for macd divergence?

Screenshot-2023-03-13-at-14.27.53.png

03/13/2023 at 4:15 PM #211485 quote

robertogozzi
Moderator

Legend

You can search this forum for the words DIVERGENCE, DIVERGENCES or MACD. You’ll find some, but I fear none will match what your eyes SEE on the chart.

Divergences can be programmed based on some lookback periods, say 20 or 30 etc…, they will all perform differently despite the same code is running.

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03/13/2023 at 9:57 PM #211511 quote

8278sv
Participant

New

How hard would it be to take the macd divergence mt5 code and convert it to prorealcode??

https://www.mql5.com/en/code/1806

03/14/2023 at 3:12 AM #211530 quote

robertogozzi
Moderator

Legend

I don’t know, as I can’t convert that language. Request a conversion at https://www.prorealcode.com/free-code-conversion/.

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07/17/2023 at 3:34 PM #217772 quote

ProRealAlgos
Participant

Junior

8278sv wrote:

How hard would it be to take the macd divergence mt5 code and convert it to prorealcode??

I’m attaching here a SMACD Divergence indicator you can use. Just add it to your price chart or system code and adapt the parameter values for your timeframe and index.

SMACD.itf SMACD-Divergence.itf

07/17/2023 at 6:07 PM #217784 quote

robertogozzi
Moderator

Legend

@ProRealAlgos.com

please do not attach HIDDEN CODE. This forum is devoted to sharing knowledge. Thank you 🙂

07/17/2023 at 9:18 PM #217793 quote

ProRealAlgos
Participant

Junior

As I’ve seen loads of strategies on this forum that include hidden indicators I thought it was ok.
But duly noted, I will not be sharing any indicators with hidden code even though it may be a very useful trading tool like this SMACD divergence indicator.
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