Different values for MACD on chart than on MarketWatch?

June 21st, 2013, 05:52 PM

Hello,

I am new with the ToS platform. For some reason the value for the MACD (I have yet to test this with other indicators) is different when looking at the chart than the one provided by MarketWatch.

I already double checked if I am in the same aggregation time and lengths values. It all looks the same.

Any tip on what I might be doing wrong?

Thanks!

June 21st, 2013, 06:43 PM

Post a pic.

June 22nd, 2013, 12:40 AM

Looks like I can't post images/links yet I need to post more in the forum to be able to do that.

Basically to reproduce the error for example the last minute of Friday 21 for the USD/JPY# 1m MACD was giving me a -0.016 on the MarketWatch and a 0.0382 on the chart, the same happens with any other aggregation time and any other instrument.

I will come back to this post later when I am allowed to post the images.

Thanks for your time!

vegasfoster

Post a pic.

June 22nd, 2013, 12:47 AM

You can attach images.

Sent from my Nexus 4

June 22nd, 2013, 12:58 AM

Thanks for the note

Big Mike

You can attach images.

Sent from my Nexus 4

June 23rd, 2013, 11:34 PM

So after watching the MarketWatch data for a while I realize the indicators were not moving at all. I am assuming now that when using ToS in PM mode the data for the indicators is not real time even though all the rest is (I asked to get real time for my tests on PM and its working for mostly everything but strangely not for indicators)

I am not a 100% sure this is the issue but it looks it might be which would be a pity for making tests

June 24th, 2013, 10:17 AM

NEW UPDATE: This only happens with FX data. Stocks are OK.

December 6th, 2013, 12:01 PM

If you like using MACD, here's a little code I got working for Think or Swim (TOS).

It changes the colors of the bars when for example MACD value is above the Fast Average and also the Zero line.

Changes color when its going down as well. Helps visualize a lot!!!

Enjoy!

---------------------------------------------------------------------------
input fastLength = 12;
input slowLength = 26;
input MACDLength = 9;
input AverageType = {SMA, default EMA};

def Value = MACD(fastLength, slowLength, MACDLength, AverageType).Value;
def Avg = MACD(fastLength, slowLength, MACDLength, AverageType).Avg;

# Changes color of bars
AssignPriceColor(if Value > Avg and MACD()."Value" is greater than MACD()."Zeroline" then Color.CYAN else if Value < Avg and MACD()."Value" is

less than MACD()."Zeroline" then
color.ORANGE else color.current);
---------------------------------------------------------------------------

You change the CYAN or ORANGE color to the following:
BLACK
BLUE
CURRENT
CYAN
DARK_GRAY
DARK_GREEN
DARK_ORANGE
DARK_RED
DOWNTICK
GRAY
GREEN
LIGHT_GRAY
LIGHT_GREEN
LIGHT_ORANGE
LIGHT_RED
LIME
MAGENTA
ORANGE
PINK
PLUM
RED
UPTICK
VIOLET
WHITE
YELLOW

December 12th, 2013, 11:41 AM

Yakito

NEW UPDATE: This only happens with FX data. Stocks are OK.

Are the closing prices the same, ie bid, ask, mark or last?

-Bill

Different values for MACD on chart than on MarketWatch?

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Different values for MACD on chart than on MarketWatch?