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How to compare 2 different type of indicators?
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How to compare 2 different type of indicators?

  #1 (permalink)
Trading Apprentice
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How to compare 2 different type of indicators?

Hi all

I got many ideas from 2 different indicators together in the same subcharts

For example,
William 26 vs macd standard setting
Looking for William 26 cross over macd Signal line

This kicks most ZigZag Swing High/Low in eye vision.

Or two different macd setting such as standard 12 26 9 vs 30 50 10
Need to find out the cross over

Trix vs Stoch RSI etc.

Since those actual value are totally different, how to compare them?

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  #2 (permalink)
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  #3 (permalink)
Market Wizard
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cowbearcar,

if you compute both studies within one indicator or signal you can check for cross overs of the values or any other condition you want to check for.

Regards,

ABCTG

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  #4 (permalink)
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ABCTG View Post
cowbearcar,

if you compute both studies within one indicator or signal you can check for cross overs of the values or any other condition you want to check for.

Regards,

ABCTG

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Here is an example on SP500 day charts with different indicators
Such as William 26 vs macd
Stoch RSI vs ADX

As above show, Swing High is early catch then standard macd

Any suggestion to put both william and macd signal on indicator?
I wonder macd curve reshape in other way and lost the orginal time catching
Such as great bullish trend, the value flood always to 100 on using stochastic
Fail to wait stochastic(William 26) cross below stochastic(macd)

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  #5 (permalink)
Market Wizard
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cowbearcar,

you are posting in the Tradestation EasyLanguage Programming section of futures.io.


cowbearcar View Post
Any suggestion to put both william and macd signal on indicator?

Based on that you'd have to create a new indicator in the Tradestation Development Environment and copy and paste the respective code pieces into the new one.

Regards,

ABCTG

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  #6 (permalink)
Trading Apprentice
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Code
Input: FastLength( 12 ), SlowLength( 26 ), MACDLength( 9 ), RefLen(200) ;
variables: var0( 0 ), var1( 0 ), var2( 0 ) ;
variables: var3( 0 ), var4( 0 ), var5( 0 ), var6( 0 ) ;
variables: var7( 0 ), var8( 0 ), var9( 0 ), var10( 0 ) ;


var0 = MACD( Close, FastLength, SlowLength ) ;
var1 = XAverage( var0, MACDLength ) ;

inputs: 
	PriceH( High ), PriceL( Low ), PriceC( Close ), 
	StochLength( 26 ), SmoothingLength1( 1 ), SmoothingLength2( 1 ),                                
	SmoothingType( 1 ), OverSold( 20 ), OverBought( 80 ) ; 

variables:
	var14( 0 ), var11( 0 ), var12( 0 ), var13( 0 ) ;

Value11 = Stochastic( PriceH, PriceL, PriceC, StochLength, SmoothingLength1, 
 SmoothingLength2, SmoothingType, var14, var11, var12, var13 ) ;

Plot3( var12, "%K");


Value1 = Stochastic( var0, var0, var0, RefLen, SmoothingLength1, 
 SmoothingLength2, SmoothingType, var3, var4, var5, var6 ) ;
Value2 = Stochastic( var1, var1, var1, RefLen, SmoothingLength1, 
 SmoothingLength2, SmoothingType, var7, var8, var9, var10 ) ;

Plot1( var4 , "MACD" ) ;
Plot2( var8 , "MACDAvg" ) ;
Here is the indicator showing macd transform into stochastic
whereas William line is Stochastic with all smooth setting using 1

Well , reshape the curve far from original view on long bullish/bearish trend on Multicharts
Thatīs why I ask for help after trying

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  #7 (permalink)
Market Wizard
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cowbearcar,

the code doesn't simply plot the two indicators together, it appears to compute a Stochastic using the MACD as price input.
Based on your original statement

Quoting 
William 26 vs macd standard setting

why do you compute the stochastic on the MACD and not just plot the MACD directly?

Regards,

ABCTG


cowbearcar View Post
 
Code
Input: FastLength( 12 ), SlowLength( 26 ), MACDLength( 9 ), RefLen(200) ;
variables: var0( 0 ), var1( 0 ), var2( 0 ) ;
variables: var3( 0 ), var4( 0 ), var5( 0 ), var6( 0 ) ;
variables: var7( 0 ), var8( 0 ), var9( 0 ), var10( 0 ) ;


var0 = MACD( Close, FastLength, SlowLength ) ;
var1 = XAverage( var0, MACDLength ) ;

inputs: 
	PriceH( High ), PriceL( Low ), PriceC( Close ), 
	StochLength( 26 ), SmoothingLength1( 1 ), SmoothingLength2( 1 ),                                
	SmoothingType( 1 ), OverSold( 20 ), OverBought( 80 ) ; 

variables:
	var14( 0 ), var11( 0 ), var12( 0 ), var13( 0 ) ;

Value11 = Stochastic( PriceH, PriceL, PriceC, StochLength, SmoothingLength1, 
 SmoothingLength2, SmoothingType, var14, var11, var12, var13 ) ;

Plot3( var12, "%K");


Value1 = Stochastic( var0, var0, var0, RefLen, SmoothingLength1, 
 SmoothingLength2, SmoothingType, var3, var4, var5, var6 ) ;
Value2 = Stochastic( var1, var1, var1, RefLen, SmoothingLength1, 
 SmoothingLength2, SmoothingType, var7, var8, var9, var10 ) ;

Plot1( var4 , "MACD" ) ;
Plot2( var8 , "MACDAvg" ) ;
Here is the indicator showing macd transform into stochastic
whereas William line is Stochastic with all smooth setting using 1

Well , reshape the curve far from original view on long bullish/bearish trend on Multicharts
Thatīs why I ask for help after trying


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  #8 (permalink)
Trading Apprentice
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Favorite Futures: Futures
 
Posts: 13 since Apr 2017
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I need make Strategy to buy and sellshort
Show indicator is just for visual inspection

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