Stochastic MACD Oscillator

• 10/17/2019 at 10:52 PM #110436
  Loop

  Dear All,

  would it be possible to code on prorealtime the following stocastic / macd recently published on “Stock & Commodities”?

  “Stochastic EMA12 = (12-day EMA – Lowest low) / (Highest high – Lowest low)

  Stochastic EMA26 = (26-day EMA – Lowest low) / (Highest high – Lowest low)

  STMACD = (Stochastic EMA12 – Stochastic EMA26) *100

  Signal line: 9-day EMA of STMACD

  where:
  Lowest low = Lowest low for the lookback period
  Highest high = Highest high for the lookback period
  The STMACD is multiplied by 100 to move the decimal point two places
  The default setting for the lookback period is 45″

  Thanks a lot in advance for your reply

   

  ML

  

  Loop

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  10/18/2019 at 12:01 AM #110443
  robertogozzi

  There you go:

  LookBack = 20 LL = lowest[LookBack](low) HH = highest[LookBack](high) StEMA12 = (Average[12,1](close) - LL) / (HH - LL) StEMA26 = (Average[26,1](close) - LL) / (HH - LL) StMACD = (StEMA12 - StEMA26) * 100 SigLine = Average[9,1](StMACD) RETURN StEMA12 AS "Ema12",StEMA26 AS "Ema26",StMACD AS "Macd",SigLine AS "Signal",0 AS "Zero"

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  LookBack = 20 LL       = lowest[LookBack](low) HH       = highest[LookBack](high) StEMA12  = (Average[12,1](close) - LL) / (HH - LL) StEMA26  = (Average[26,1](close) - LL) / (HH - LL) StMACD   = (StEMA12 - StEMA26) * 100 SigLine  = Average[9,1](StMACD) RETURN StEMA12 AS "Ema12",StEMA26 AS "Ema26",StMACD AS "Macd",SigLine AS "Signal",0 AS "Zero"

  you can remove unwanted RETURN data or make it invisible with the indicator’s properties.

   

  

  robertogozzi

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  10/18/2019 at 2:48 PM #110508
  Loop

  Thanks a lot for your extremly quick reply!

   

  ML

  

  Loop

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  05/22/2020 at 10:28 AM #132783
  Loop

  Sorry… one more question… being a stochastic oscillator, shouldn’t have 100 as maximun value?

  ML

  

  Loop

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  05/23/2020 at 12:15 PM #132937
  robertogozzi

  It’s a combination of Stochastic and Macd. Each indicator/oscillator has different characteristics. Stochastic ranges from 0 to 100, Macd doesn’t.

  Neither does this one.

   

  

  robertogozzi

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  05/23/2020 at 12:49 PM #132940
  GraHal

  Roberto code added as Log 216 here …

  Snippet Link Library

  1 user thanked author for this post.

  robertogozzi

  

  GraHal

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  05/23/2020 at 2:13 PM #132948
  Vonasi

  Here is a version of Roberto’s code that normalizes the result between the highest ever result and the lowest ever result and returns it as a percentage of that range so it is between 0 and 100.

  LookBack = 20 if barindex >= 26 then LL = lowest[LookBack](low) HH = highest[LookBack](high) StEMA12 = (Average[12,1](close) - LL) / (HH - LL) StEMA26 = (Average[26,1](close) - LL) / (HH - LL) StMACD = (StEMA12 - StEMA26) * 100 SigLine = Average[9,1](StMACD) hhmacd = max(sigline,max(hhmacd,stmacd)) llmacd = min(sigline,min(llmacd,stmacd)) macdperc = ((stmacd-llmacd)/(hhmacd-llmacd))*100 sigperc = ((sigline-llmacd)/(hhmacd-llmacd))*100 endif RETURN macdperc as "StMACD" ,Sigperc AS "Signal",0 as "0",100 as "100"

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  LookBack = 20   if barindex >= 26 then LL       = lowest[LookBack](low) HH       = highest[LookBack](high) StEMA12  = (Average[12,1](close) - LL) / (HH - LL) StEMA26  = (Average[26,1](close) - LL) / (HH - LL) StMACD   = (StEMA12 - StEMA26) * 100 SigLine  = Average[9,1](StMACD)   hhmacd = max(sigline,max(hhmacd,stmacd)) llmacd = min(sigline,min(llmacd,stmacd))   macdperc = ((stmacd-llmacd)/(hhmacd-llmacd))*100 sigperc = ((sigline-llmacd)/(hhmacd-llmacd))*100 endif   RETURN macdperc as "StMACD" ,Sigperc AS "Signal",0 as "0",100 as "100"

   

  

  Vonasi

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  11/25/2020 at 12:13 AM #151467
  sfjeelani

  Dear All

  Useful posts and indicator, Do we have a screener available to use with this indicator?

  Thanks

   

  

  sfjeelani

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  11/25/2020 at 1:06 AM #151471
  robertogozzi

  Yes, at https://www.prorealcode.com/topic/overbought-and-oversold-stochastic-screener/#post-151470.

   

  

  robertogozzi

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