MACD indicator help

Jonas Holgersson · 2018-03-17T17:07:00+00:00

Hello. Im new to this and trying to make a indicator that uses EMA5 and 14 and MACD. i want one indicator that shows 1 if EMA5 above EMA14 and The blue line is above the red in MACD. Also if possible, id like it to show -1 if EMA5 below EMA14 and blue line under red in MACD else show 0. I get the EMA5/14 part. but cant figure out how to code the MACD. Thankfully accepting pointers:)

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03/17/2018 at 6:07 PM #65531 quote

Jonas Holgersson
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New

Hello.

Im new to this and trying to make a indicator that uses EMA5 and 14 and MACD.

i want one indicator that shows 1 if EMA5 above EMA14 and The blue line is above the red in MACD.

Also if possible, id like it to show -1 if EMA5 below EMA14 and blue line under red in MACD

else show 0.

I get the EMA5/14 part. but cant figure out how to code the MACD.

Thankfully accepting pointers:)

03/17/2018 at 9:40 PM #65538 quote
Gertrade
Participant

Veteran
Hi jonas,

That’s what I coded according to what was requested.
```
macdline0 = MACDline[12,26,9](close)
macd0 = MACD[12,26,9](close)

ema5 = ExponentialAverage[5](close)
ema14 = ExponentialAverage[14](close)

macdbull = macdline0 > macd0
macdbear = macdline0 < macd0

emabull = ema5 > ema14
emabear = ema5 < ema14

if macdbull and emabull then
dir = 1
elsif macdbear and emabear then
dir = -1
else
dir = 0
endif

return dir
```
Nicolas thanked this post
03/17/2018 at 10:41 PM #65539 quote

GraHal
Participant

Master

Have you taken account that the PRT MACD is not like everybody’s else’s MACD?? See / read below

GraHal wrote:

Surely such a basic Indicator as the MACD can’t be wrong in the standard PRT listings???
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