Stochastic MACD Oscillator

Loop · 2019-10-17T21:52:07+00:00

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

Viewing 9 posts - 1 through 9 (of 9 total)

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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

Legend
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
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

Legend

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

Legend

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