MACD divergence indicator with histogram

• 11/08/2020 at 3:27 PM #149838
  Oliviertrader2020

  Hello,

  Sorry for this basic question but I’m switching from manual to automatic trading recently.

  When I trade manually, I use for one of my strategies a divergence indicator on RSI (with a support or a resistance) and a MACD zero lag as a trigger (using the histogram to take the reversal).

  I try to code an indicator that combines these 2 functions.

  For this I used the MACD divergence indicator from Jose7674 (https://www.prorealcode.com/prorealtime-indicators/macd-divergences-on-price-and-indicator/).

  On line 11, I modified the variables of the Exponential Average (to make it a version close to zero lag), then I added directly on the graph of the indicator an exponential AVerage [5].

  I tried different codes to add a histogram as on the zero lag but I have the impression that it is not possible to return the discrepancies and a histogram.

  Note that the histogram should not indicate when there is a discrepancy, but when the MACD is higher than the EMA5 I added (as the MACD zero lag on the graph)
  Does anyone have the solution?

  ///////////////////////////////////////////// // MACD divergences on MACD // by Jose Callao // twitter @jose7674 // Use this indicator in a new window N=40///N is the number of bars to look back for a divergence. Normal values are 20-40. Must be the same in both indicators //using any other indicator is as easy as changing the values miMACD = exponentialAverage[5](close) - exponentialAverage[12](close) IF (BarIndex > 10+1+N) THEN ///divergencia bajista IF (miMACD[1]>miMACD AND miMACD[1]>miMACD[2]) THEN extremum2=miMACD[1] extremum1=highest[N](miMACD) preciomax2=close[1] preciomax=Highest[N](close) IF(extremum2<extremum1 AND preciomax2>preciomax[1]) THEN for i=1 to N if mimacd[i]=extremum1 then zz=i drawsegment (barindex[1], mimacd[1], barindex[zz], mimacd[zz]) coloured(200,0,0) endif next endif endif ///divergencia alcista IF (miMACD[1]<miMACD AND miMACD[1]<miMACD[2]) THEN extremum22=miMACD[1] extremum11=lowest[N](miMACD) preciomin2=close[1] preciomin=lowest[N](close) IF(extremum22>extremum11 AND preciomin2<preciomin[1]) THEN for i2=1 to N if mimacd[i2]=extremum11[1] then zz2=i2 drawsegment(barindex[1], mimacd[1], barindex[zz2], mimacd[zz2]) coloured(0,200,0) endif next ENDIF ENDIF endif return mimacd as "MACD", 0 as "0"

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59

  /////////////////////////////////////////////   // MACD divergences on MACD // by Jose Callao // twitter @jose7674 // Use this indicator in a new window   N=40///N is the number of bars to look back for a divergence. Normal values are 20-40. Must be the same in both indicators   //using any other indicator is as easy as changing the values miMACD = exponentialAverage[5](close) - exponentialAverage[12](close)         IF (BarIndex > 10+1+N) THEN   ///divergencia bajista IF (miMACD[1]>miMACD AND miMACD[1]>miMACD[2]) THEN extremum2=miMACD[1] extremum1=highest[N](miMACD)   preciomax2=close[1] preciomax=Highest[N](close)   IF(extremum2<extremum1 AND preciomax2>preciomax[1]) THEN for i=1 to N if mimacd[i]=extremum1 then zz=i   drawsegment (barindex[1], mimacd[1], barindex[zz], mimacd[zz]) coloured(200,0,0) endif next   endif endif   ///divergencia alcista IF (miMACD[1]<miMACD AND miMACD[1]<miMACD[2]) THEN extremum22=miMACD[1] extremum11=lowest[N](miMACD)   preciomin2=close[1] preciomin=lowest[N](close)   IF(extremum22>extremum11 AND preciomin2<preciomin[1]) THEN for i2=1 to N if mimacd[i2]=extremum11[1] then zz2=i2   drawsegment(barindex[1], mimacd[1], barindex[zz2], mimacd[zz2]) coloured(0,200,0) endif next ENDIF   ENDIF endif   return mimacd as "MACD", 0 as "0"

  

  Oliviertrader2020

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  12/23/2020 at 1:48 AM #154939
  robertogozzi

  The standard histogram is:

  MACDHistoGram = MACD[5,12,9](close) //histogram (9 or whatever else)

  1	MACDHistoGram = MACD[5,12,9](close)    //histogram    (9 or whatever else)

  which is missing in your code, but you can easily add it at line 12, then return it at line 59.

   

  

  robertogozzi

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