MACD EasyLanguage help

August 21st, 2011, 05:00 AM

Hi, I am beginner of easylangauge, I want to create a strategy based on MACD siganl.
The signal will be generated based on the difference between current and previous MACDDiff.

i,e.

MyMACD = MACD( Close, FastLength, SlowLength );
MACDAvg = XAverage( MyMACD, MACDLength );
MACDDiff = MyMACD - MACDAvg ;

Condition 1 = MASCDiff > MASCDiff[1]
Condition 2 = MASCDiff < MASCDiff[1]

if condition 1 and other condition
then buy

if condition 2 and other condition
then sell

I am not sure whether I am on the right track because there is no signal generated.

Anyone help me ?

August 21st, 2011, 10:38 AM

Energetic try this- you'll have to change the values and add your "Other condition", but it generates signals..

Inputs:FastLength(12),SlowLength(26),MacdLength(9);

vars:mymacd(0),macdAvg(0),MacdDiff(0);

MyMACD = MACD( Close, FastLength, SlowLength );
MACDAvg = XAverage( MyMACD, MACDLength );
MACDDiff = MyMACD - MACDAvg ;

Condition1 = MACDDiff > MACDDiff[1];
Condition2 = MACDDiff < MACDDiff[1];

if condition1 {and other condition}
then buy next bar at market;

if condition2 {and other condition}
then sell next bar at market;

August 21st, 2011, 03:09 PM

Thread renamed from "EasyLanguage help". Please use a descriptive thread title in the future to help everyone find things easier.

Thread Moved

Moved to EasyLanguage Programming

When creating a new thread, note which subforum you are in. Here is a short list of suggestions:

- Topic: Anything to do with an Elite indicator -> Subforum: The Elite Circle
- Topic: Looking for an existing indicator, or how-to use an indicator -> Subforum: (the platform)
- Topic: Programmer needing help with non-Elite indicator -> Subforum: (the platform) - Programming
- Topic: Want an indicator created/modified -> Reply to "Want indicator created free" in Elite Circle
- Topic: Vendors (trading rooms, commercial indicators) -> Subforum: Vendors/Product Reviews
- Topic: Discussion of Forex or Currency trading -> Subforum: Forex and Currency Trading
- Topic: Journals of your trading -> Subforum: Trading Journals or Elite Trading Journals
- Topic: General trading related discussions -> Subforum: Traders Hideout
- Topic: Discussion of a trading method -> Subforum: Traders Hideout
- Topic: Automated Trading -> Subforum: Elite Automated Trading

Last, any Elite Member may create more or less any of these topics in The Elite Circle at your own discretion (your support is appreciated).

This is just a short general list and doesn't cover everything. If you are unsure where to create your new thread, just create it in Traders Hideout and a moderator will move it if necessary.

-- Big Mike Trading

Mike

August 22nd, 2011, 02:07 PM

Thanks

Tried but still no signal generated.

sptrader

Energetic try this- you'll have to change the values and add your "Other condition", but it generates signals..

Inputs:FastLength(12),SlowLength(26),MacdLength(9);

vars:mymacd(0),macdAvg(0),MacdDiff(0);

MyMACD = MACD( Close, FastLength, SlowLength );
MACDAvg = XAverage( MyMACD, MACDLength );
MACDDiff = MyMACD - MACDAvg ;

Condition1 = MACDDiff > MACDDiff[1];
Condition2 = MACDDiff < MACDDiff[1];

if condition1 {and other condition}
then buy next bar at market;

if condition2 {and other condition}
then sell next bar at market;

MACD EasyLanguage help

Discussion in EasyLanguage Programming

MACD EasyLanguage help