Multi Time Frame MACD Divergences

Here is a screener that allows you to identify positive and negative divergences of the MACD on a weekly or daily basis ;

The “signal” gives you the Time Frame and the nature of the divergence:

2 is a weekly positive divergence
-2 is a weekly negative divergence
1 is a daily positive divergence
-1 is a daily negative divergence

You can also tweek the code in order to combine both divergences at will;

Enjoy

// parameters


timeframe (weekly)

MinPrix = close >2.5
MinVolume = summation [10](average[23](volume)> 100000) =10

A=12
B=26
//C=9 //


//MACD

EMAshort1Week = exponentialaverage[A](close)
EMAshort2Week = exponentialaverage[A](EMAshort1Week)
DifferenceShortWeek = EMAshort1Week - EMAshort2Week
ZeroLagShortWeek = EMAshort1Week + DifferenceShortWeek

EMAlong1Week = exponentialaverage[B](close)
EMAlong2Week = exponentialaverage[B](EMAlong1Week)
DifferenceLongWeek = EMAlong1Week - EMAlong2Week
ZeroLagLongWeek = EMAlong1Week + DifferenceLongWeek

ZeroLagMACDWeek = ZeroLagShortWeek - ZeroLagLongWeek

//signal1Week=ExponentialAverage[C](ZEROLAGMACDWeek)
//signal2Week=ExponentialAverage[C](signal1Week)
//DIFFERENCE2Week=signal1Week-signal2Week
//
//SignalMACDWeek=signal1Week+DIFFERENCE2Week


//MyRsiweek = rsi[14](close)>55

/// Divergence MACD Week

V=ZeroLagMACDWeek

once RefCloseDownOldWeek=0
once RefMACDDownOldWeek=0
once RefCloseUpOldWeek=0
once RefMACDUpOldWeek=0
//once BarBullOld=0
//once BarBearOld=0

//Conditions to identify max and min
c1=v[4]>v[2] and v[3]>v[2] and v[1]>v[2] and v>v[2] // down
c2=v[4]<v[2] and v[3]<v[2] and v[1]<v[2] and v<v[2] // top

//finding the double bottom

if c1 then
RefCloseDownNewWeek=close[2]
RefMACDDownNewWeek=v[2]
//BarBullNew=barindex[2]
endif
if RefCloseDownNewWeek<RefCloseDownOldWeek and RefMACDDownNewWeek>RefMACDDownOldWeek then
//double slash next line if you don't needed the mark on a different window
bulldivWeek=1
signal = 2

else
bulldivWeek=0
endif


//Finding the double top
if c2 then
RefCloseUpNewWeek=close[2]
RefMACDUpNewWeek=v[2]
//BarBearNew=barindex[2]
endif
if RefCloseUpNewWeek>RefCloseUpOldWeek and RefMACDUPNewWeek<RefMACDUpOldWeek then
//double slash next line if you don't needed the mark on a different window
beardivWeek=1
signal = -2

else
beardivWeek=0
endif
//grafica
RefCloseDownOldWeek=RefCloseDownNewWeek
RefMACDDownOldWeek=RefMACDDownNewWeek
RefCloseUpOldWeek=RefCloseUpNewWeek
RefMACDUpOldWeek=RefMACDUpNewWeek
//BarBullOldWeek=BarBullNewWeek
//BarBearOldWeek=BarBearNewWeek
//


timeframe (daily)

D=12
E=26
//F=9



//REM MACD

EMAshort1Day = exponentialaverage[D](close)
EMAshort2Day = exponentialaverage[D](EMAshort1Day)
DifferenceShortDay = EMAshort1Day - EMAshort2Day
ZeroLagShortDay = EMAshort1Day + DifferenceShortDay

EMAlong1Day = exponentialaverage[E](close)
EMAlong2Day = exponentialaverage[E](EMAlong1Day)
DifferenceLongDay = EMAlong1Day - EMAlong2Day
ZeroLagLongDay = EMAlong1Day + DifferenceLongDay

ZeroLagMACDDay = ZeroLagShortDay - ZeroLagLongDay

//signal1Day=ExponentialAverage[F](ZEROLAGMACDDay)
//signal2Day=ExponentialAverage[F](signal1Day)
//DIFFERENCE2Day=signal1Day-signal2Day
//
//SignalMACDDay=signal1Day+DIFFERENCE2Day


/// Divergence MACD Day

W=ZeroLagMACDDay

once RefCloseDownOldDay=0
once RefMACDDownOldDay=0
once RefCloseUpOldDay=0
once RefMACDUpOldDay=0
//once BarBullOld=0
//once BarBearOld=0

//Conditions to identify max and min
d1=w[4]>w[2] and w[3]>w[2] and w[1]>w[2] and w>w[2] // down
d2=w[4]<w[2] and w[3]<w[2] and w[1]<w[2] and w<w[2] // top

//finding the double bottom

if d1 then
RefCloseDownNewDay=close[2]
RefMACDDownNewDay=w[2]
//BarBullNewDay=barindex[2]
endif
if RefCloseDownNewDay<RefCloseDownOldDay and RefMACDDownNewDay>RefMACDDownOldDay then
//double slash next line if you don't needed the mark on a different window
bulldivDay=1
signal = 1

else
bulldivDay=0
endif


//Finding the double top
if d2 then
RefCloseUpNewDay=close[2]
RefMACDUpNewDay=w[2]
//BarBearNew=barindex[2]
endif
if RefCloseUpNewDay>RefCloseUpOldDay and RefMACDUPNewDay<RefMACDUpOldDay then
//double slash next line if you don't needed the mark on a different window
beardivDay=1
signal = -1

else
beardivDay=0
endif
//grafica
RefCloseDownOldDay=RefCloseDownNewDay
RefMACDDownOldDay=RefMACDDownNewDay
RefCloseUpOldDay=RefCloseUpNewDay
RefMACDUpOldDay=RefMACDUpNewDay
//BarBullOld=BarBullNew
//BarBearOld=BarBearNew

////////////////////////////////////////////////
SCREENER [((beardivWeek or beardivDay or bulldivWeek or bulldivDay)) and MinPrix and MinVolume ](signal)

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// parameters

timeframe (weekly)

MinPrix = close >2.5

MinVolume = summation [10](average[23](volume)> 100000) =10

A=12

B=26

//C=9 //

//MACD

EMAshort1Week = exponentialaverage[A](close)

EMAshort2Week = exponentialaverage[A](EMAshort1Week)

DifferenceShortWeek = EMAshort1Week - EMAshort2Week

ZeroLagShortWeek = EMAshort1Week + DifferenceShortWeek

EMAlong1Week = exponentialaverage[B](close)

EMAlong2Week = exponentialaverage[B](EMAlong1Week)

DifferenceLongWeek = EMAlong1Week - EMAlong2Week

ZeroLagLongWeek = EMAlong1Week + DifferenceLongWeek

ZeroLagMACDWeek = ZeroLagShortWeek - ZeroLagLongWeek

//signal1Week=ExponentialAverage[C](ZEROLAGMACDWeek)

//signal2Week=ExponentialAverage[C](signal1Week)

//DIFFERENCE2Week=signal1Week-signal2Week

//SignalMACDWeek=signal1Week+DIFFERENCE2Week

//MyRsiweek = rsi[14](close)>55

/// Divergence MACD Week

V=ZeroLagMACDWeek

once RefCloseDownOldWeek=0

once RefMACDDownOldWeek=0

once RefCloseUpOldWeek=0

once RefMACDUpOldWeek=0

//once BarBullOld=0

//once BarBearOld=0

//Conditions to identify max and min

c1=v[4]>v[2] and v[3]>v[2] and v[1]>v[2] and v>v[2] // down

c2=v[4]<v[2] and v[3]<v[2] and v[1]<v[2] and v<v[2] // top

//finding the double bottom

if c1 then

RefCloseDownNewWeek=close[2]

RefMACDDownNewWeek=v[2]

//BarBullNew=barindex[2]

endif

if RefCloseDownNewWeek<RefCloseDownOldWeek and RefMACDDownNewWeek>RefMACDDownOldWeek then

//double slash next line if you don't needed the mark on a different window

bulldivWeek=1

signal = 2

else

bulldivWeek=0

endif

//Finding the double top

if c2 then

RefCloseUpNewWeek=close[2]

RefMACDUpNewWeek=v[2]

//BarBearNew=barindex[2]

endif

if RefCloseUpNewWeek>RefCloseUpOldWeek and RefMACDUPNewWeek<RefMACDUpOldWeek then

//double slash next line if you don't needed the mark on a different window

beardivWeek=1

signal = -2

else

beardivWeek=0

endif

//grafica

RefCloseDownOldWeek=RefCloseDownNewWeek

RefMACDDownOldWeek=RefMACDDownNewWeek

RefCloseUpOldWeek=RefCloseUpNewWeek

RefMACDUpOldWeek=RefMACDUpNewWeek

//BarBullOldWeek=BarBullNewWeek

//BarBearOldWeek=BarBearNewWeek

timeframe (daily)

D=12

E=26

//F=9

//REM MACD

EMAshort1Day = exponentialaverage[D](close)

EMAshort2Day = exponentialaverage[D](EMAshort1Day)

DifferenceShortDay = EMAshort1Day - EMAshort2Day

ZeroLagShortDay = EMAshort1Day + DifferenceShortDay

EMAlong1Day = exponentialaverage[E](close)

EMAlong2Day = exponentialaverage[E](EMAlong1Day)

DifferenceLongDay = EMAlong1Day - EMAlong2Day

ZeroLagLongDay = EMAlong1Day + DifferenceLongDay

ZeroLagMACDDay = ZeroLagShortDay - ZeroLagLongDay

//signal1Day=ExponentialAverage[F](ZEROLAGMACDDay)

//signal2Day=ExponentialAverage[F](signal1Day)

//DIFFERENCE2Day=signal1Day-signal2Day

//SignalMACDDay=signal1Day+DIFFERENCE2Day

/// Divergence MACD Day

W=ZeroLagMACDDay

once RefCloseDownOldDay=0

once RefMACDDownOldDay=0

once RefCloseUpOldDay=0

once RefMACDUpOldDay=0

//once BarBullOld=0

//once BarBearOld=0

//Conditions to identify max and min

d1=w[4]>w[2] and w[3]>w[2] and w[1]>w[2] and w>w[2] // down

d2=w[4]<w[2] and w[3]<w[2] and w[1]<w[2] and w<w[2] // top

//finding the double bottom

if d1 then

RefCloseDownNewDay=close[2]

RefMACDDownNewDay=w[2]

//BarBullNewDay=barindex[2]

endif

if RefCloseDownNewDay<RefCloseDownOldDay and RefMACDDownNewDay>RefMACDDownOldDay then

//double slash next line if you don't needed the mark on a different window

bulldivDay=1

signal = 1

else

bulldivDay=0

endif

//Finding the double top

if d2 then

RefCloseUpNewDay=close[2]

RefMACDUpNewDay=w[2]

//BarBearNew=barindex[2]

endif

if RefCloseUpNewDay>RefCloseUpOldDay and RefMACDUPNewDay<RefMACDUpOldDay then

//double slash next line if you don't needed the mark on a different window

beardivDay=1

signal = -1

else

beardivDay=0

endif

//grafica

RefCloseDownOldDay=RefCloseDownNewDay

RefMACDDownOldDay=RefMACDDownNewDay

RefCloseUpOldDay=RefCloseUpNewDay

RefMACDUpOldDay=RefMACDUpNewDay

//BarBullOld=BarBullNew

//BarBearOld=BarBearNew

////////////////////////////////////////////////

SCREENER [((beardivWeek or beardivDay or bulldivWeek or bulldivDay)) and MinPrix and MinVolume ](signal)

divergences MACD MTF multiple timeframe multitimeframe

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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Filename : download the ITF files

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Yannick • 10/08/2018 #
Hello
Thanks for sharing your code, I will put in a more complex code.
You can reduce CPU usage and time for screening by not executing the code with intrusction if
MinPrix = close >2.5
MinVolume = summation [10](average[23](volume)> 100000) =10

If MinPrix and MinVolume then
….
Endif

bala • 10/08/2018 #
Hi Kris,

I have imported the screen. I don’t see any instrument loaded under this screen. also, how to get the chart like your screenshot?

Regards,
Bala

Kris75 • 10/08/2018 #
Hi Bala,
you need first to install ZeroLagMACDWeek indicator and then add on it the divergence indicator

berga • 10/08/2018 #
Hi, thank you very much for this very useful screener. I would like to get another very close screener based on HIDDEN DIVERGENCES usable with intraday timeframes (5,15 min, H1…). Is it possible to simultaneously have more than 2 timeframe columns on a shorter list of assets ?As I do not know (yet) how to program PRT and to avoid mistakes, could you help me. Thank you in advance.

leoulve • 10/08/2018 #
Hello, I uploaded correctly the screener and it is not selecting any. Is it normal? cheers

Oliviertrader2020 • 10/08/2018 #
Hello, where do you find the ZeroLagMACDWeek indicator? You only posted the mtf-macd-divergence indicator. Thanks

MJZTrader • 213 days ago #
Good morning! I was trying to tweek the code in the way as to set it for intraday (1 Min to 60 Min) usage, but unfortunately with very limited success! Can anyone be of help? Thank you very much in advance!

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emiliobercial Thank you very much for sharing!

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DELBERT Bonsoir , merci Nicolas , a bientôt .

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robertogozzi Sure, but you should start a new topic on the Probuilder support forum. Thank you :)

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