MACD indicator help

• 03/17/2018 at 6:07 PM #65531
  Jonas Holgersson

  Hello.

   

  Im new to this and trying to make a indicator that uses EMA5 and 14 and MACD.

  i want one indicator that shows 1 if EMA5 above EMA14 and The blue line is above the red in MACD.

  Also if possible, id like it to show -1 if EMA5 below EMA14 and blue line under red in MACD

  else show 0.

  I get the EMA5/14 part. but cant figure out how to code the MACD.

  Thankfully accepting pointers:)

   

  

  Jonas Holgersson

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  03/17/2018 at 9:40 PM #65538
  Gertrade

  Hi jonas,

  That’s what I coded according to what was requested.

   

  Ema - MACD

  macdline0 = MACDline[12,26,9](close) macd0 = MACD[12,26,9](close) ema5 = ExponentialAverage[5](close) ema14 = ExponentialAverage[14](close) macdbull = macdline0 > macd0 macdbear = macdline0 < macd0 emabull = ema5 > ema14 emabear = ema5 < ema14 if macdbull and emabull then dir = 1 elsif macdbear and emabear then dir = -1 else dir = 0 endif return dir

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21

  macdline0 = MACDline[12,26,9](close) macd0 = MACD[12,26,9](close)   ema5 = ExponentialAverage[5](close) ema14 = ExponentialAverage[14](close)   macdbull = macdline0 > macd0 macdbear = macdline0 < macd0   emabull = ema5 > ema14 emabear = ema5 < ema14   if macdbull and emabull then dir = 1 elsif macdbear and emabear then dir = -1 else dir = 0 endif   return dir

   

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  Nicolas

  

  Gertrade

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  03/17/2018 at 10:41 PM #65539
  GraHal

  Have you taken account that the PRT MACD is not like everybody’s else’s MACD?? See / read below

  GraHal wrote:

  Surely such a basic Indicator as the MACD can’t be wrong in the standard PRT listings???

  

  GraHal

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