MACD two lines

• 03/05/2020 at 12:13 AM #121191
  k3rex

  Hi,

  Possible to have just two lines for MACD? Want the lines to be exponential moving average.

  

  k3rex

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  03/05/2020 at 12:30 AM #121193
  robertogozzi

  Standard MACD is calculated using exponential averages.

  To disable the hystogram just make it INVISIBLE in the indicators’properties.

  This is the code for the MACD, if you want to customize it with different averages, you just need to change the variable MAtype:

  MACD

  FastMA = 12 //12 Fast average SlowMA = 26 //26 Slow average Periods = 9 //9 periods for the Signal MAtype = 1 //1=ema average type(see available types https://www.prorealcode.com/documentation/average/) MyMACD = Average[FastMA,MAtype](close) - Average[SlowMA,MAtype](close) //difference of the two averages MySignalLine = Average[Periods,MAtype](MyMACD) //average of the MACD MyHisto = MyMACD - MySignalLine //hystogram RETURN MyMacd AS "Macd",MySignalLine AS "Signal",MyHisto as "histo"

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  FastMA       = 12      //12  Fast average SlowMA       = 26      //26  Slow average Periods      = 9       //9   periods for the Signal MAtype       = 1       //1=ema   average type(see available types https://www.prorealcode.com/documentation/average/) MyMACD       = Average[FastMA,MAtype](close) - Average[SlowMA,MAtype](close) //difference of the two averages MySignalLine = Average[Periods,MAtype](MyMACD)                               //average of the MACD MyHisto      = MyMACD - MySignalLine                                         //hystogram RETURN MyMacd AS "Macd",MySignalLine AS "Signal",MyHisto as "histo"

   

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  robertogozzi

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  03/05/2020 at 12:43 PM #121234
  k3rex

  Still a problem, its not smoothed as the picture. See below

  

  k3rex

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  03/05/2020 at 1:19 PM #121245
  robertogozzi

  This is not smoothed since it’s the standard one, to smooth the Signal line we need to add a smoothing average:

  Smoothed MACD

  FastMA = 12 //12 Fast average SlowMA = 26 //26 Slow average Periods = 9 //9 periods for the Signal MAtype = 1 //1=ema average type(see available types https://www.prorealcode.com/documentation/average/) SmoothPeriods= 20 //20 smppthing periods SmoothType = 1 //1=ema smoothing average type MyMACD = Average[FastMA,MAtype](close) - Average[SlowMA,MAtype](close) //difference of the two averages MySignalLine = Average[Periods,MAtype](MyMACD) //average of the MACD MySignalLineS= Average[SmoothPeriods,SmoothType](MySignalLine) //average of the SIGNAL line (smoothing) //MyHisto = MyMACD - MySignalLine //hystogram MyHisto = MyMACD - MySignalLineS //hystogram (smoothed) RETURN MyMacd AS "Macd",MySignalLineS AS "Signal",MyHisto as "histo"

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  FastMA       = 12      //12  Fast average SlowMA       = 26      //26  Slow average Periods      = 9       //9   periods for the Signal MAtype       = 1       //1=ema   average type(see available types https://www.prorealcode.com/documentation/average/) SmoothPeriods= 20      //20  smppthing periods SmoothType   = 1       //1=ema   smoothing average type MyMACD       = Average[FastMA,MAtype](close) - Average[SlowMA,MAtype](close) //difference of the two averages MySignalLine = Average[Periods,MAtype](MyMACD)                               //average of the MACD MySignalLineS= Average[SmoothPeriods,SmoothType](MySignalLine)               //average of the SIGNAL line (smoothing) //MyHisto    = MyMACD - MySignalLine                                         //hystogram MyHisto      = MyMACD - MySignalLineS                                        //hystogram (smoothed) RETURN MyMacd AS "Macd",MySignalLineS AS "Signal",MyHisto as "histo"

  you  will set the periods and type of any average as best suits your needs. Expnential averages are used by default.

  As you can see from the attached pic, the MACD has the same value as the original, while the Signal line has a smoothed value.

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