AbzParticipant
Veteran
Hello
if we are using this indicator on 10 min chart with standard value as in the code and if we want to use it on 1 min chart and obtain same values on the indicator as it was on 10 min chart is then enought to change only fastMA and SlowMA? like 12*10 and 26*10 ? i did try that but i dont get the same value on the indicator.
//PRC_ALMA MACD | indicator
//17.09.2016
//parameters
// Sigma = 4
// Offset = 0.85
// Fast = 12
// Slow = 26
// Signal = 9
Price = customclose
//---Fast MA
m = (Offset * (Fast - 1))
s = Fast/Sigma
WtdSum = 0
CumWt = 0
for k = 0 to Fast - 1 do
Wtd = Exp(-((k-m)*(k-m))/(2*s*s))
WtdSum = WtdSum + Wtd * Price[Fast - 1 - k]
CumWt = CumWt + Wtd
next
FastMA = WtdSum / CumWt
//---Slow MA
n = (Offset * (Slow - 1))
t = Slow/Sigma
SWtdSum = 0
SCumWt = 0
for k = 0 to Slow - 1 do
SWtd = Exp(-((k-n)*(k-n))/(2*t*t))
SWtdSum = SWtdSum + SWtd * Price[Slow - 1 - k]
SCumWt = SCumWt + SWtd
next
SlowMA = SWtdSum / SCumWt
//---MACD
ALMAMACD = FastMA-SlowMA
//---Signal MA
n = (Offset * (Signal - 1))
t = Signal/Sigma
SWtdSum = 0
SCumWt = 0
for k = 0 to Signal - 1 do
SWtd = Exp(-((k-n)*(k-n))/(2*t*t))
SWtdSum = SWtdSum + SWtd * ALMAMACD[Signal - 1 - k]
SCumWt = SCumWt + SWtd
next
SignalMACD = SWtdSum / SCumWt
RETURN ALMAMACD as "ALMA MACD", SignalMACD as "Signal line"
That’s right, you can get reasonable accurate values, but not exactly the same, because the Close of a 10 minutes chart is not the same as the concatenation of 10 1minute bars. As long as ProBuilder not have multi timeframe support or variables arrays, it would be very hard to custom code something really relevant for that purpose.