Entry counters within the MACD

• 06/04/2022 at 10:23 AM #194607
  phoentzs

  I have one more little job for a coder. There is a code snippet 1 trade per day… is it possible to write a similar function on an indicator? I need this function for the MACD:

  Long: MACD crosses over 0, if MACDLINE > 0 Short vice versa

  But only for the 1st cross of the MACD, ideally the following crosses can be counted/optimized. The counter is then reset as soon as the MACDLINE generates a new signal/new swing. Is this doable?

  Explanation in the picture (sorry smartphone) green bar: counter start,

  1-4: possible entries,

  5: reset the counter.

  

  phoentzs

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  06/06/2022 at 9:53 AM #194753
  robertogozzi

  There you go:

  DEFPARAM DrawOnLastBarOnly = true ONCE Count = 0 IF IntraDayBarIndex = 0 THEN Count = 0 ENDIF IF Macd[12,26,9] CROSSES OVER 0 THEN Count = Count + 1 ENDIF x = Count IF Count = Count[1] THEN x = 0 ENDIF RETURN x AS "Crossover Count"

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  DEFPARAM DrawOnLastBarOnly = true ONCE Count = 0 IF IntraDayBarIndex = 0 THEN    Count = 0 ENDIF IF Macd[12,26,9] CROSSES OVER 0 THEN    Count = Count + 1 ENDIF x = Count IF Count = Count[1] THEN    x = 0 ENDIF RETURN x AS "Crossover Count"

  

  robertogozzi

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  06/06/2022 at 2:00 PM #194795
  phoentzs

  Thanks, but I meant it as coding for a strategy. Counting condition Long/Counting start is Cross MACDLINE above 0. Counter reset is Cross MACDLINE below 0 and at the same time counting start for Short. The crosses of the MACD itself are counted, each long and short. I want to find out how many MACD crosses can be lucrative within a swing of the MACDLINE.

  

  phoentzs

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  06/07/2022 at 10:04 AM #194828
  robertogozzi

  Bob’s your uncle:

  ONCE ShortTallyMACD = 0 ONCE LongTallyMACD = 0 ONCE ShortTallyMACDline = 0 ONCE LongTallyMACDline = 0 // MyHISTO = MACD[12,26,9](close) //MySIGNAL = MACDSignal[12,26,9](close) MyLINE = MACDline[12,26,9](close) // IF MyHisto CROSSES OVER 0 THEN LongTallyMACD = LongTallyMACD + 1 ShortTallyMACD = 0 ENDIF IF MyHisto CROSSES UNDER 0 THEN LongTallyMACD = 0 ShortTallyMACD = ShortTallyMACD + 1 ENDIF // IF MyLINE CROSSES OVER 0 THEN LongTallyMACDline = LongTallyMACDline + 1 ShortTallyMACDline = 0 ENDIF IF MyLINE CROSSES UNDER 0 THEN LongTallyMACDline = 0 ShortTallyMACDline = ShortTallyMACDline + 1 ENDIF // buy at -close limit // Graph ShortTallyMACD Graph LongTallyMACD Graph ShortTallyMACDline Graph LongTallyMACDline

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  ONCE ShortTallyMACD     = 0 ONCE LongTallyMACD      = 0 ONCE ShortTallyMACDline = 0 ONCE LongTallyMACDline  = 0 // MyHISTO    = MACD[12,26,9](close) //MySIGNAL = MACDSignal[12,26,9](close) MyLINE     = MACDline[12,26,9](close) // IF MyHisto CROSSES OVER  0 THEN LongTallyMACD  = LongTallyMACD + 1 ShortTallyMACD = 0 ENDIF IF MyHisto CROSSES UNDER 0 THEN LongTallyMACD  = 0 ShortTallyMACD = ShortTallyMACD + 1 ENDIF // IF MyLINE CROSSES OVER  0 THEN LongTallyMACDline  = LongTallyMACDline + 1 ShortTallyMACDline = 0 ENDIF IF MyLINE CROSSES UNDER 0 THEN LongTallyMACDline  = 0 ShortTallyMACDline = ShortTallyMACDline + 1 ENDIF // buy at -close limit // Graph ShortTallyMACD Graph LongTallyMACD Graph ShortTallyMACDline Graph LongTallyMACDline

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  robertogozzi

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