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MACD\Rise\Fall

Formula for: TradeStation

Views: 2303

Added: June 14, 2008

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Tags: TradeStation, indicator

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. To: ribau@xxxxxxxxxxxxx
. Subject: Re: Color on Histogram
. From: joachim@xxxxxxxxxxxx
. Date: Tue, 03 Nov 1998 18:08:35 -0800
. CC: omega-list@xxxxxxxxxx
. References: <36425a1e.21943951@xxxxxxxxxxxxxxxxxx>
. Resent-Date: Tue, 3 Nov 1998 18:08:22 -0800
. Resent-From: omega-list@xxxxxxxxxx
. Resent-Message-ID: <"Z2F421.0.Ry7.MSxFs"@mx1>
. Resent-Sender: omega-list-request@xxxxxxxxxx

Yes this works well on EOD data. Different spin. I do not work with Interday data...I am sure others do. However you can streamline you code a little, I am sure others will give you more pointers.

Code:

Type : Indicator, Name : MACD\Rise\Fall

{indicator MACD\Rise\Fall same results as TS MACD
with variation-- colour changes in Histogram}

Input: FastMA(12),SlowMA(26),MacdMA(9);

Plot1(MACD(Close,FastMA,SlowMA),"MACD");
Plot2(XAverage(MACD(Close,FastMA,SlowMA),MacdMA),"MACDAvg");

Value1 = (Plot1-Plot2);
If Value1 > Value1[1] then Plot3(Value1,"MAup"){ Blue Histogram}
Else Plot4(Value1,"MAdn"); {Red Historgram}

Source: http://www.purebytes.com

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