Halftrend MACD

Here i have made a kind of MACD indicator from the halftrend indicator from the Great NICOLAS, after the improvement from him , I want to shared with everybody.

The histogram is made from the difference of 2 HalfTrend indicator (one long and one short period), then a signal line, built with an average of 6 periods of the histogram values is added.

Trades signals are the same than a normal MACD: long position when the histogram is crossing the zero line, short order when the histogram cross the zero level. The signal line can act the same, any crosses made with the histogram could result as an new order on market:

short signal when the signal line cross above the histogram and above the zero level
long signal when the signal line cross below the histogram and below the zero level

//PRC_HalfTrend MACD | indicator
//10.03.2017
//by LUCASSEN adapted code from 
//Nicolas @ www.prorealcode.com
//Sharing ProRealTime knowledge

//Amplitude1 = 2
//Amplitude2 = 6
//Amplitude3 = 30

// -- HL #1
lowpricei1 = Lowest[Amplitude1](low)
highpricei1 = Highest[Amplitude1](high)
lowma1 = average[Amplitude1](low)
highma1 = average[Amplitude1](high)

if barindex>Amplitude1 then

if(nexttrend1=1) then

maxlowprice1=Max(lowpricei1,maxlowprice1)

if(highma1<maxlowprice1 and Close<Low[1]) then
trend1=1.0
nexttrend1=0
minhighprice1=highpricei1
endif

endif

if(nexttrend1=0) then

minhighprice1=Min(highpricei1,minhighprice1)

if(lowma1>minhighprice1 and Close>High[1]) then
trend1=0.0
nexttrend1=1
maxlowprice1=lowpricei1
endif

endif

if(trend1=0.0) then

if(trend1[1]<>0.0) then
up1=down1[1]
else
up1=Max(maxlowprice1,up1[1])
endif
down1=0.0

else

if(trend1[1]<>1.0) then
down1=up1[1]
else
down1=Min(minhighprice1,down1[1])
endif
up1=0.0
endif

endif





// -- HL #2
lowpricei2 = Lowest[Amplitude2](low)
highpricei2 = Highest[Amplitude2](high)
lowma2 = average[Amplitude2](low)
highma2= average[Amplitude2](high)

if barindex>Amplitude2 then

if(nexttrend2=1) then

maxlowprice2=Max(lowpricei2,maxlowprice2)

if(highma2<maxlowprice2 and Close<Low[1]) then
trend2=1.0
nexttrend2=0
minhighprice2=highpricei2
endif

endif

if(nexttrend2=0) then

minhighprice2=Min(highpricei2,minhighprice2)

if(lowma2>minhighprice2 and Close>High[1]) then
trend2=0.0
nexttrend2=1
maxlowprice2=lowpricei2
endif

endif

if(trend2=0.0) then

if(trend2[1]<>0.0) then
up2=down2[1]
else
up2=Max(maxlowprice2,up2[1])
endif
down2=0.0

else

if(trend2[1]<>1.0) then
down2=up2[1]
else
down2=Min(minhighprice2,down2[1])
endif
up2=0.0
endif

endif

if up2>0 then
halftrend2 = up2

else
halftrend2 = down2

endif

// -- HL #3
lowpricei3 = Lowest[Amplitude3](low)
highpricei3 = Highest[Amplitude3](high)
lowma3 = average[Amplitude3](low)
highma3= average[Amplitude3](high)

if barindex>Amplitude3 then

if(nexttrend3=1) then

maxlowprice3=Max(lowpricei3,maxlowprice3)

if(highma3<maxlowprice3 and Close<Low[1]) then
trend3=1.0
nexttrend3=0
minhighprice3=highpricei3
endif

endif

if(nexttrend3=0) then

minhighprice3=Min(highpricei3,minhighprice3)

if(lowma3>minhighprice3 and Close>High[1]) then
trend3=0.0
nexttrend3=1
maxlowprice3=lowpricei3
endif

endif

if(trend3=0.0) then

if(trend3[1]<>0.0) then
up3=down3[1]
else
up3=Max(maxlowprice3,up3[1])
endif
down3=0.0

else

if(trend3[1]<>1.0) then
down3=up3[1]
else
down3=Min(minhighprice3,down3[1])
endif
up3=0.0
endif

endif

if up3>0 then
halftrend3 = up3
else
halftrend3 = down3

endif

return (halftrend2 - halftrend3),average[6] (halftrend2 - halftrend3)

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//PRC_HalfTrend MACD | indicator

//10.03.2017

//by LUCASSEN adapted code from

//Nicolas @ www.prorealcode.com

//Sharing ProRealTime knowledge

//Amplitude1 = 2

//Amplitude2 = 6

//Amplitude3 = 30

// -- HL #1

lowpricei1 = Lowest[Amplitude1](low)

highpricei1 = Highest[Amplitude1](high)

lowma1 = average[Amplitude1](low)

highma1 = average[Amplitude1](high)

if barindex>Amplitude1 then

if(nexttrend1=1) then

maxlowprice1=Max(lowpricei1,maxlowprice1)

if(highma1<maxlowprice1 and Close<Low[1]) then

trend1=1.0

nexttrend1=0

minhighprice1=highpricei1

endif

if(nexttrend1=0) then

minhighprice1=Min(highpricei1,minhighprice1)

if(lowma1>minhighprice1 and Close>High[1]) then

trend1=0.0

nexttrend1=1

maxlowprice1=lowpricei1

endif

if(trend1=0.0) then

if(trend1[1]<>0.0) then

up1=down1[1]

else

up1=Max(maxlowprice1,up1[1])

endif

down1=0.0

else

if(trend1[1]<>1.0) then

down1=up1[1]

else

down1=Min(minhighprice1,down1[1])

endif

up1=0.0

endif

// -- HL #2

lowpricei2 = Lowest[Amplitude2](low)

highpricei2 = Highest[Amplitude2](high)

lowma2 = average[Amplitude2](low)

highma2= average[Amplitude2](high)

if barindex>Amplitude2 then

if(nexttrend2=1) then

maxlowprice2=Max(lowpricei2,maxlowprice2)

if(highma2<maxlowprice2 and Close<Low[1]) then

trend2=1.0

nexttrend2=0

minhighprice2=highpricei2

endif

if(nexttrend2=0) then

minhighprice2=Min(highpricei2,minhighprice2)

if(lowma2>minhighprice2 and Close>High[1]) then

trend2=0.0

nexttrend2=1

maxlowprice2=lowpricei2

endif

if(trend2=0.0) then

if(trend2[1]<>0.0) then

up2=down2[1]

else

up2=Max(maxlowprice2,up2[1])

endif

down2=0.0

else

if(trend2[1]<>1.0) then

down2=up2[1]

else

down2=Min(minhighprice2,down2[1])

endif

up2=0.0

endif

if up2>0 then

halftrend2 = up2

else

halftrend2 = down2

endif

// -- HL #3

lowpricei3 = Lowest[Amplitude3](low)

highpricei3 = Highest[Amplitude3](high)

lowma3 = average[Amplitude3](low)

highma3= average[Amplitude3](high)

if barindex>Amplitude3 then

if(nexttrend3=1) then

maxlowprice3=Max(lowpricei3,maxlowprice3)

if(highma3<maxlowprice3 and Close<Low[1]) then

trend3=1.0

nexttrend3=0

minhighprice3=highpricei3

endif

if(nexttrend3=0) then

minhighprice3=Min(highpricei3,minhighprice3)

if(lowma3>minhighprice3 and Close>High[1]) then

trend3=0.0

nexttrend3=1

maxlowprice3=lowpricei3

endif

if(trend3=0.0) then

if(trend3[1]<>0.0) then

up3=down3[1]

else

up3=Max(maxlowprice3,up3[1])

endif

down3=0.0

else

if(trend3[1]<>1.0) then

down3=up3[1]

else

down3=Min(minhighprice3,down3[1])

endif

up3=0.0

endif

if up3>0 then

halftrend3 = up3

else

halftrend3 = down3

endif

return (halftrend2 - halftrend3),average[6] (halftrend2 - halftrend3)

MACD trend trend following

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

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supertiti • 04/06/2017 #
amplitude 1.2.3 = ( 2-6-30 ) or (1-1-27) ?

LUCASSEN • 04/06/2017 #
Hallo Supertiti
Macd amplitude=1-1-27 and prc halftrend triple in Heikin Ashi grafiek amplitude =2-6-10
greetings Lucassen

supertiti • 04/06/2017 #
Thanks you so much Lucassen

dreif123 • 04/06/2017 #
hi, copied the above code, not working on 10.3
the system says “return can only be used at proBuilder….what do i have todo ?

LUCASSEN • 04/06/2017 #
Hallo , i have no problem , and i have the same versie 10.3, maybe you can ask Nicolas, that men nows a lot over indicators.
greetings Lucassen

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