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beta MACD Histogram divergence indicator
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beta MACD Histogram divergence indicator

  #31 (permalink)
Elite Member
Idaho
 
Futures Experience: Intermediate
Platform: NinjaTrader,ToS
Broker/Data: Amp Futures, ToS
Favorite Futures: ES, E7, CL, GC
 
zacharydw00's Avatar
 
Posts: 139 since Aug 2009
Thanks: 81 given, 164 received

Key Indicator Settings Description

Indicator Setting:
1. The ind. will Not work with 'calculate on bar close' set to False.
2. The default setting are for the ES.
3. DeltaPrice- This is the minimum required price difference from high to high or low to low. Keep in mind 0.75 is only 3 ticks in the ES. That would be 75 ticks(75 cents) in the CL, which is high (unless you are looking at daily bars). The 6E moves in .0001 ticks, so a .75 move in the 6E would never happen. .0005 is probably a more reasonable setting for the 6E.
4. DeltaIndicator- This is the minimum required indicator difference, in percentage, of the recent high/low to the prior high/low. A setting of 0.99 will show more divergences. 0.5 will show practically none.

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Attached Thumbnails
beta MACD Histogram divergence indicator-grtdivergencev1f_20100511.jpg  
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  #32 (permalink)
Elite Member
East Coast
 
Futures Experience: Beginner
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Posts: 83 since Aug 2010
Thanks: 272 given, 24 received

Session Template


zacharydw00 View Post
Indicator Setting:
1. The ind. will Not work with 'calculate on bar close' set to False.
2. The default setting are for the ES.
3. DeltaPrice- This is the minimum required price difference from high to high or low to low. Keep in mind 0.75 is only 3 ticks in the ES. That would be 75 ticks(75 cents) in the CL, which is high (unless you are looking at daily bars). The 6E moves in .0001 ticks, so a .75 move in the 6E would never happen. .0005 is probably a more reasonable setting for the 6E.
4. DeltaIndicator- This is the minimum required indicator difference, in percentage, of the recent high/low to the prior high/low. A setting of 0.99 will show more divergences. 0.5 will show practically none.

Hi zacharydw00,

Thank you for the indicator. A few questions for you---

1. I'm in USA, EST zone, using NT 7. Could you advise Session Template for ES and 6E ? ES for example, there are options: Use instrument setting, CME Index Futures ETH, CME US Index Futures RTH, Default 24/5 and Default 24/7.

2. Does your indicator work on time chart (minutes, daily) and non-time chart (range, volume, tick)?

3. I used the default setting of your indicator; but, the dark magenta line didn't mark from close to close. Is it normal?

TIA!

Attached Thumbnails
beta MACD Histogram divergence indicator-marking.gif  
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  #33 (permalink)
Elite Member
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Futures Experience: Intermediate
Platform: NinjaTrader,ToS
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Posts: 139 since Aug 2009
Thanks: 81 given, 164 received



fusion View Post
1. I'm in USA, EST zone, using NT 7. Could you advise Session Template for ES and 6E ? ES for example, there are options: Use instrument setting, CME Index Futures ETH, CME US Index Futures RTH, Default 24/5 and Default 24/7.

2. Does your indicator work on time chart (minutes, daily) and non-time chart (range, volume, tick)?

3. I used the default setting of your indicator; but, the dark magenta line didn't mark from close to close. Is it normal?
TIA!

1. I attached a screen shot of the session template I use. I don't recommend using it with an automated trading strategy, because it will not allow the strategy to exit on market close! I created it so I would only see one vertical line at midnight.

2. Yes. Any chart type.

3. I'm going to get a little bitchy now(just a little bitchy). It seems that you didn't bother looking at the ind.'s setting. People, people, ppl... before you bother the ind.'s author(any of us authors), please read & experiment with the ind.'s setting before asking questions. Do your homework first. We spend a lot of time coding these ind. So. please do your part and spend some time to read the settings description. If there are none then experiment with it. Thanks.
Please see attached image. It shows which setting will change the line's offset from price.

Now, go make lots of money with it

Milk-a-What?
Attached Thumbnails
beta MACD Histogram divergence indicator-cme-globex-24-6.jpg   beta MACD Histogram divergence indicator-marking.gif  
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  #34 (permalink)
Elite Member
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Futures Experience: Beginner
Platform: NinjaTrader,
Favorite Futures: es
 
Posts: 83 since Aug 2010
Thanks: 272 given, 24 received

Custom Session Template


zacharydw00 View Post
1. I attached a screen shot of the session template I use. I don't recommend using it with an automated trading strategy, because it will not allow the strategy to exit on market close! I created it so I would only see one vertical line at midnight.

2. Yes. Any chart type.

3. I'm going to get a little bitchy now(just a little bitchy). It seems that you didn't bother looking at the ind.'s setting. People, people, ppl... before you bother the ind.'s author(any of us authors), please read & experiment with the ind.'s setting before asking questions. Do your homework first. We spend a lot of time coding these ind. So. please do your part and spend some time to read the settings description. If there are none then experiment with it. Thanks.
Please see attached image. It shows which setting will change the line's offset from price.

Now, go make lots of money with it

Hi Zack,

Thank you for your response. I followed your screen shot and made my own Custom Session Template. Questions:

1. Is it correct if I assumed my custom Session Template is for Futures like ES, 6E and TF?

2. For trading SPY using your indicator, should I select US Equities RTH, or US Equities ETH for session template?

Good Trading to You!

Attached Thumbnails
beta MACD Histogram divergence indicator-custom-session-template.gif  
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  #35 (permalink)
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No Signals in Price Pane


zacharydw00 View Post
Indicator Setting:
1. The ind. will Not work with 'calculate on bar close' set to False.
2. The default setting are for the ES.
3. DeltaPrice- This is the minimum required price difference from high to high or low to low. Keep in mind 0.75 is only 3 ticks in the ES. That would be 75 ticks(75 cents) in the CL, which is high (unless you are looking at daily bars). The 6E moves in .0001 ticks, so a .75 move in the 6E would never happen. .0005 is probably a more reasonable setting for the 6E.
4. DeltaIndicator- This is the minimum required indicator difference, in percentage, of the recent high/low to the prior high/low. A setting of 0.99 will show more divergences. 0.5 will show practically none.

Hi Zack,

I have NT7.0.0.23. Time zone is EST. I was testing the indicator you wrote and found problems in real time.

A. Dark magenta lines marked in indicator pane only; no corresponding dark magenta lines or arrows were marked in price. pane.

B. By opening the Indicators Properties Window and click OK, I can get the missing signals (diagonal lines and arrows) in price pane.

C. I can get complete signals in price pane and indicator pane if I used historical data.

Could you check how your indicator works in your PC in real time, please? TIA! Good Trading to You!

Attached Thumbnails
beta MACD Histogram divergence indicator-nosignalsinpricepane.gif  
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  #36 (permalink)
Elite Member
Idaho
 
Futures Experience: Intermediate
Platform: NinjaTrader,ToS
Broker/Data: Amp Futures, ToS
Favorite Futures: ES, E7, CL, GC
 
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Posts: 139 since Aug 2009
Thanks: 81 given, 164 received


fusion View Post
Hi Zack,
I have NT7.0.0.23. Time zone is EST. I was testing the indicator you wrote and found problems in real time.
A. Dark magenta lines marked in indicator pane only; no corresponding dark magenta lines or arrows were marked in price. pane.
B. By opening the Indicators Properties Window and click OK, I can get the missing signals (diagonal lines and arrows) in price pane.
C. I can get complete signals in price pane and indicator pane if I used historical data.
Could you check how your indicator works in your PC in real time, please? TIA! Good Trading to You!

It's a Ninja thing. Read this... https://futures.io/ninjatrader-programming/3722-beta-macd-histogram-divergence-indicator.html#post60696

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  #37 (permalink)
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Futures Experience: Intermediate
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Posts: 312 since Jun 2010
Thanks: 57 given, 141 received

Hi Zac,

Does this indicator works with latest NT7?





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  #38 (permalink)
Elite Member
Idaho
 
Futures Experience: Intermediate
Platform: NinjaTrader,ToS
Broker/Data: Amp Futures, ToS
Favorite Futures: ES, E7, CL, GC
 
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Posts: 139 since Aug 2009
Thanks: 81 given, 164 received


prisonbreaker82 View Post
Hi Zac,
Does this indicator works with latest NT7?

Yep.

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  #39 (permalink)
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Charlotte
 
Futures Experience: Intermediate
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Favorite Futures: e-mini
 
Posts: 8 since Apr 2012
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Thanks for this indicator Zachary. It rocks.

Two questions:

1) Is it possible to expand the range it monitors? It seems to only track about 20 bars. If possible I'd like to expand it to 50.

2) Would it be possible to create a similar indicator the catches when price is making a new high and MACD histogram is less than zero?

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  #40 (permalink)
Elite Member
Idaho
 
Futures Experience: Intermediate
Platform: NinjaTrader,ToS
Broker/Data: Amp Futures, ToS
Favorite Futures: ES, E7, CL, GC
 
zacharydw00's Avatar
 
Posts: 139 since Aug 2009
Thanks: 81 given, 164 received



etmtrader View Post
Thanks for this indicator Zachary. It rocks.
Two questions:
1) Is it possible to expand the range it monitors? It seems to only track about 20 bars. If possible I'd like to expand it to 50.
2) Would it be possible to create a similar indicator the catches when price is making a new high and MACD histogram is less than zero?

1) It looks back to the last 3 swing points, however many bars that takes.
2) With NT using C# it's almost possible to do anything That aside, the condition you are looking for isn't a divergence, therefore it wouldn't belong in this indicator and needs a different logic structure.
Cheers,
Zac

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