Stochastic MACD Oscillator

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  • 10/17/2019 at 10:52 PM #110436 quote
    Loop
    Participant
    Senior

    Dear All,

    would it be possible to code on prorealtime the following stocastic / macd recently published on “Stock & Commodities”?

    “Stochastic EMA12 = (12-day EMA – Lowest low) / (Highest high – Lowest low)

    Stochastic EMA26 = (26-day EMA – Lowest low) / (Highest high – Lowest low)

    STMACD = (Stochastic EMA12 – Stochastic EMA26) *100

    Signal line: 9-day EMA of STMACD

    where:
    Lowest low = Lowest low for the lookback period
    Highest high = Highest high for the lookback period
    The STMACD is multiplied by 100 to move the decimal point two places
    The default setting for the lookback period is 45″

    Thanks a lot in advance for your reply

     

    ML

    10/18/2019 at 12:01 AM #110443 quote
    robertogozzi
    Moderator
    Master

    There you go:

    LookBack = 20
LL       = lowest[LookBack](low)
HH       = highest[LookBack](high)
StEMA12  = (Average[12,1](close) - LL) / (HH - LL)
StEMA26  = (Average[26,1](close) - LL) / (HH - LL)
StMACD   = (StEMA12 - StEMA26) * 100
SigLine  = Average[9,1](StMACD)
RETURN StEMA12 AS "Ema12",StEMA26 AS "Ema26",StMACD AS "Macd",SigLine AS "Signal",0 AS "Zero"

    you can remove unwanted RETURN data or make it invisible with the indicator’s properties.

    x-11.jpg x-11.jpg
    10/18/2019 at 2:48 PM #110508 quote
    Loop
    Participant
    Senior

    Thanks a lot for your extremly quick reply!

     

    ML

    05/22/2020 at 10:28 AM #132783 quote
    Loop
    Participant
    Senior

    Sorry… one more question… being a stochastic oscillator, shouldn’t have 100 as maximun value?

    ML

    05/23/2020 at 12:15 PM #132937 quote
    robertogozzi
    Moderator
    Master

    It’s a combination of Stochastic and Macd. Each indicator/oscillator has different characteristics. Stochastic ranges from 0 to 100, Macd doesn’t.

    Neither does this one.

    05/23/2020 at 12:49 PM #132940 quote
    GraHal
    Participant
    Master

    Roberto code added as Log 216 here …

    Snippet Link Library

    robertogozzi thanked this post
    05/23/2020 at 2:13 PM #132948 quote
    Vonasi
    Moderator
    Master

    Here is a version of Roberto’s code that normalizes the result between the highest ever result and the lowest ever result and returns it as a percentage of that range so it is between 0 and 100.

    LookBack = 20

if barindex >= 26 then
LL       = lowest[LookBack](low)
HH       = highest[LookBack](high)
StEMA12  = (Average[12,1](close) - LL) / (HH - LL)
StEMA26  = (Average[26,1](close) - LL) / (HH - LL)
StMACD   = (StEMA12 - StEMA26) * 100
SigLine  = Average[9,1](StMACD)

hhmacd = max(sigline,max(hhmacd,stmacd))
llmacd = min(sigline,min(llmacd,stmacd))

macdperc = ((stmacd-llmacd)/(hhmacd-llmacd))*100
sigperc = ((sigline-llmacd)/(hhmacd-llmacd))*100
endif

RETURN macdperc as "StMACD" ,Sigperc AS "Signal",0 as "0",100 as "100"
    11/25/2020 at 12:13 AM #151467 quote
    sfjeelani
    Participant
    New

    Dear All

    Useful posts and indicator, Do we have a screener available to use with this indicator?

    Thanks

    11/25/2020 at 1:06 AM #151471 quote
    robertogozzi
    Moderator
    Master

    Yes, at https://www.prorealcode.com/topic/overbought-and-oversold-stochastic-screener/#post-151470.

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Stochastic MACD Oscillator


ProBuilder: Indicators & Custom Tools

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Loop @loop Participant
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This topic contains 8 replies,
has 5 voices, and was last updated by robertogozzi
5 years, 2 months ago.

Topic Details
Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 10/17/2019
Status: Active
Attachments: 1 files
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