MACD Histogram trading conditions based on 5-minute timeframe

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09/24/2022 at 6:46 PM #201314 quote

SVK
Participant

Junior

Hi all,

unfortunately I’m not capable to solve or comprehend MACD histogram so I would appreciate your support or suggestion of different histogram.

Issue is quite simple and despite reading every english thread about MACD I’m non wiser.

I’m using 2 time frames 10 sec & 5 min.

10 sec timeframe shall not trigger buy if 5 minute MACD histogram is lower then previous 5 minute histogram.

I’m not talking marginal number. Previous histogram value 0.9 – current histogram value 0.5 and buy is still triggred 🙁
I have tried (5 minute, updateonclose) and without updateonclose without any luck 🙁

I have following piece of code:

//MACD Histogram
MacdInd = MACD[12,26,9](close) > MACD[12,26,9](close)[1]

Thank you very much for your help

MACD-Histogram.jpg

09/25/2022 at 10:17 PM #201393 quote
JS
Participant

Master
Hi @SVK
Maybe this will help?
```
DefParam CumulateOrders = False

TimeFrame (5 minutes)
Ind1 = MACD[x1,x2,x3](close)
Ind2 = Ind1[1]

TimeFrame(10 seconds)
If Ind1 > Ind2 then
Buy 1 contract at Market
Else
Sell at Market
EndIf
```
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MACD Histogram trading conditions based on 5-minute timeframe

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SVK @svk Participant

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This topic contains 1 reply,
has 2 voices, and was last updated by JS
3 years, 11 months ago.

Topic Details

Forum:	ProBuilder: Indicators & Custom Tools
Language:	English
Started:	09/24/2022
Status:	Active
Attachments:	1 files

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