MACD Histogram trading conditions based on 5-minute timeframe

• 09/24/2022 at 6:46 PM #201314
  SVK

  Hi all,

  unfortunately I’m not capable to solve or comprehend MACD histogram so I would appreciate your support or suggestion of different histogram.

  Issue is quite simple and despite reading every english thread about MACD I’m non wiser.

  I’m using 2 time frames 10 sec & 5 min.

  10 sec timeframe shall not trigger buy if 5 minute MACD histogram is lower then previous 5 minute histogram.

  I’m not talking marginal number. Previous histogram value 0.9 – current histogram value 0.5 and buy is still triggred 🙁
  I have tried (5 minute, updateonclose) and without updateonclose without any luck 🙁

  I have following piece of code:

  //MACD Histogram
  MacdInd = MACD[12,26,9](close) > MACD[12,26,9](close)[1]

  Thank you very much for your help

  

  SVK

  Participant

  Topics: 9

  Replies: 39

  Been thanked: 3 times
  09/25/2022 at 10:17 PM #201393
  JS

  Hi @SVK

  Maybe this will help?

   

  MACD MTF

  DefParam CumulateOrders = False TimeFrame (5 minutes) Ind1 = MACD[x1,x2,x3](close) Ind2 = Ind1[1] TimeFrame(10 seconds) If Ind1 > Ind2 then Buy 1 contract at Market Else Sell at Market EndIf

  1 2 3 4 5 6 7 8 9 10 11 12

  DefParam CumulateOrders = False   TimeFrame (5 minutes) Ind1 = MACD[x1,x2,x3](close) Ind2 = Ind1[1]   TimeFrame(10 seconds) If Ind1 > Ind2 then Buy 1 contract at Market Else Sell at Market EndIf

  

  JS

  Participant

  Topics: 26

  Replies: 1718

  Been thanked: 782 times
• Author
  Posts