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Macd Momentum

Formula for: TradeStation

indicator

Views: 2383

Added: June 14, 2008

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Tags: TradeStation, indicator

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These are the codes for the MACD Momentum, created by Barbara Star,from the Feb., 1994 Technical Analysis of Stocks and commodities. It is believe to be a leading indicator and I've created a system based on this indicator.

The idea: Take the difference between Gerald Appel's MACD's histogram and the histogram's value DSP bars ago and smooth it with an Smth bar exponential (or simple) moving average. When this differrence crosses below zero, the tradable is predisposed to go down. When the histogram actually turns negative, go short. When the difference crosses above zero, cover the short trade. And when the histogram actually turns positive, go long. Cover when the difference crosses below zero.

Type : Function, Name : McdMo

Inputs:
R(Numeric),
S(Numeric),
Q(NUmeric),
Dsp(Numeric),
Smth(Numeric);

Vars:
Mo(0),
Avg(0),
Diff(0);

Mo=MACD(C,R,S);
Avg=XAverage(MACD(C,R,S),Q);
Diff=Mo-Avg;
McdMo=Average(Diff-Diff[Dsp],Smth);

Notes: This calculates the difference between theMACD histogram and its value DSP bars ago, smooth by an SMTH bars simple moving average.

Type : Function, Name : MacdDiff

Inputs:
R(Numeric),
S(NUmeric),
Q(Numeric);
Vars: Mac(0),
Avg(0);

Mac=MACD(C,R,S);
Avg=Xaverage(MACD(C,R,S),Q);
MACDDiff=Mac-Avg;

Notes: This is the Macd Histogram.

Type : Indicator, Name : Macd Momentum

Inputs:
R(12),
S(26),
Q(9),
Dsp(10),
Smth(3);

Vars:
Mo(0),
Diff(0);

Diff=MacdDiff(R,S,Q);
Mo=McdMo(R,S,Q,Dsp,Smth);
Plot1(Diff,"Diff");
Plot2(Mo,"Macd Mo");

"The mark of a successful commander is the ability to adapt rapidly to the constantly changing conditions on the field of battle."
-Carlo D'Este on Field Marshall Walter Model

Code:

Type : Function, Name : McdMo

Inputs:
R(Numeric),
S(Numeric),
Q(NUmeric),
Dsp(Numeric),
Smth(Numeric);

Vars:
Mo(0),
Avg(0),
Diff(0);

Mo=MACD(C,R,S);
Avg=XAverage(MACD(C,R,S),Q);
Diff=Mo-Avg;
McdMo=Average(Diff-Diff[Dsp],Smth);

Type : Function, Name : MacdDiff

Inputs:
R(Numeric),
S(NUmeric),
Q(Numeric);
Vars: Mac(0),
Avg(0);

Mac=MACD(C,R,S);
Avg=Xaverage(MACD(C,R,S),Q);
MACDDiff=Mac-Avg;

Type : Indicator, Name : Macd Momentum

Inputs:
R(12),
S(26),
Q(9),
Dsp(10),
Smth(3);

Vars:
Mo(0),
Diff(0);

Diff=MacdDiff(R,S,Q);
Mo=McdMo(R,S,Q,Dsp,Smth);
Plot1(Diff,"Diff");
Plot2(Mo,"Macd Mo");

Source: http://www.purebytes.com

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