problem with MACD cross over and new high break outs

• 06/13/2020 at 2:56 PM #135825
  forexbull

  Hi

  I’ve been trying to write an indicator to highlight breakouts above 20 period highs but only those that have happened within 20 days after the cross of the MACD (highlight the start of a new trend). I can code the individual parameters but can’t work out how to combine them together.

  Breakouts for 20 day high after MACD cross

  y=highest[20](high)[1] mymacd = macdline[12,26,9] crossup = mymacd crosses over 0 signal=high crosses over y return signal, crossup

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  y=highest[20](high)[1] mymacd = macdline[12,26,9] crossup = mymacd crosses over 0 signal=high crosses over y return signal, crossup

  I was thinking that a loop looking back over the prior 20 days after each new 20 day high to check for a MACD cross would be a potential solution but I can’t work out how to code it.

  I would be grateful if someone could assist.

  Thanks

  Andrew

   

  

  forexbull

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  06/13/2020 at 8:11 PM #135852
  robertogozzi

  Do you want that at least 20 bars have elapsed after the Macd crossover?

  Or, if only say 12 bars have elapsed, then you want to retrieve the highest high of those 12 bars instead of 20?

  

  robertogozzi

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  06/13/2020 at 9:48 PM #135862
  Vonasi

  Use SUMMATION.

  y=highest[20](high)[1] mymacd = macdline[12,26,9] crossup = summation[20](mymacd crosses over 0) <> 0 signal=high crosses over y return signal, crossup

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  y=highest[20](high)[1] mymacd = macdline[12,26,9] crossup = summation[20](mymacd crosses over 0) <> 0 signal=high crosses over y return signal, crossup

   

  

  Vonasi

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  06/14/2020 at 9:58 AM #135878
  robertogozzi

  There you go:

  y = highest[20](high)[1] mymacd = macdline[12,26,9] crossup = mymacd crosses over 0 signal = high crosses over y For i = 0 to BarIndex If crossup[i] then Break Endif Endif If i > 20 then //clear signals if more than 20 bars signal = 0 crossup = 0 Endif return signal, crossup

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  y       = highest[20](high)[1] mymacd  = macdline[12,26,9] crossup = mymacd crosses over 0 signal  = high crosses over y For i = 0 to BarIndex    If crossup[i] then       Break    Endif Endif If i > 20 then //clear signals if more than 20 bars    signal  = 0    crossup = 0 Endif return signal, crossup

  This should do for 20- bars.

  

  robertogozzi

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  06/14/2020 at 10:48 AM #135880
  robertogozzi

  Vonasi’s code is much simpler!

  1 user thanked author for this post.

  Vonasi

  

  robertogozzi

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  06/15/2020 at 7:54 AM #135943
  forexbull

  That’s exactly what I was looking for!

  Thanks for the help.

  

  forexbull

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