Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

aaa

MACD Divergence TrendLine

Recommended Posts

// Author: aaa

// from: MARKPLEX Code Divergence

// http://markplex.com/tutorial4.php

// version: 1.0

// Date: 20100501

// added:

// divergence on top +

// Line.Color.Top + Line.Color.Bot + Line.Size + Plot.MACD in inputs

[/url]

 

attachment.php?attachmentid=20838&stc=1&d=1272711737

 

PS : Stochastic Divergence TrendLine here

 

http://www.traderslaboratory.com/forums/f46/stochastic-divergence-trendline-7244.html

Snap1.jpg.53e5f34bc7ec8364bf117cbba667c19f.jpg

MACD DIVERGENCE TRENDLINE.ELD

MACD Divergence TrendLines.pla

MACD Divergence TrendLine.txt

Share this post


Link to post
Share on other sites

TL_NEW

This reserved word adds the specified text string to a price chart

Text_New

This reserved word adds the specified text string to a price chart

 

I'm wondering if it's possible 2 draw divergences lines to an indicator ?

Share this post


Link to post
Share on other sites
TL_NEW

This reserved word adds the specified text string to a price chart

Text_New

This reserved word adds the specified text string to a price chart

 

I'm wondering if it's possible 2 draw divergences lines to an indicator ?

 

 

do you mean trendline ?

 

TL_NEW

This reserved word adds the specified text string to a price chart

Share this post


Link to post
Share on other sites
....

I'm wondering if it's possible 2 draw divergences lines to an indicator ?

 

sure, why not?

 

just duplicate everything...

make sure you name the variables with -1 and -2 suffix.

Share this post


Link to post
Share on other sites

Hi TAMS

 

Always here 2 help absent-minded

 

Oups... I've forgot 2 attach my work in my last post...

 

do you mean trendline ?

 

Yes and I've tried also Text_New

 

make sure you name the variables with -1 and -2 suffix.

 

I've done it but w/o succes

 

I was wondering if it's allowed by EL 2 change iPrice by the iValue of an indicator ?

 

This reserved word adds a trendline with the specified starting and ending points to a price chart. It returns a numeric expression corresponding to the ID number of the trendline added to the chart.

 

Value1 = TL_New(iBarDate, iBarTime, iPrice, eBarDate, eBarTime, ePrice)

 

If U have Xtra time, Would U mind 2 have a look on my attachement ?

 

regards

 

aaa

MACD Divergence TrendLines Indicator.txt

Share this post


Link to post
Share on other sites
only plot trendlines directly on the MACD indicator

 

LOL... you knew I was going to ask you to make a drawing... but...

 

 

to draw in subchart, you need TL_NEW_SELF.

 

this is a MultiCharts exclusive keyword.

 

 

in this case, you do not need to duplicate the variables and calculations...

Share this post


Link to post
Share on other sites

So it's not possible in Easy Language but possible in Power Language

 

it's amazing that U know 110% of Power Language.

 

TAMS, U know what ?

 

U ARE THE BEST !!!

 

TL_New_self

Displays a trendline, with the specified starting and ending points, on the SubChart containing the study; returns a trendline-specific ID number, required to modify the trendline.

Usage

TL_New_self (sDate, sTime, sPriceValue, eDate, eTime, ePriceValue)

Edited by aaa

Share this post


Link to post
Share on other sites

Is it possible to apply the same principle of divergence to a StochRSI indicator (divergence drawn on both the price and the indicator)?

 

I tried playing with it on my end but getting a ton of errors. I'm not sure if the errors are due to the 2 lines in the stochrsi versus the single line in the MACD. Below is the code that i'm using for the stochrsi:

 

input:

 

RSILength(9),

StochLength(18),

KLength(6),

DLength(3),

oversold(20),

overbought(80),

overscolor(white),

overbcolor(white);

 

Vars:

DToscK(0),

DToscD(0);

 

value1 = FastKCustomEasy(RSI(C, RSILength),StochLength);

DToscK = average(value1,KLength);

DToscD = average(DToscK,DLength);

 

plot1(DToscK,"%K" );

plot2(DToscD,"%D" );

plot3( overbought, "OverBot" ) ;

plot4( oversold, "OverSld" ) ;

 

condition1 = value1 crosses over oversold ;

if condition1 then

Alert( "Indicator exiting oversold zone" )

else

begin

condition1 = value1 crosses under overbought ;

if condition1 then

Alert( "Indicator exiting overbought zone" ) ;

end;

Edited by lonew0lf

Share this post


Link to post
Share on other sites
Is it possible to apply the same principle of divergence to a StochRSI indicator (divergence drawn on both the price and the indicator)?

 

I tried playing with it on my end but getting a ton of errors. I'm not sure if the errors are due to the 2 lines in the stochrsi versus the single line in the MACD. Below is the code that i'm using for the stochrsi:

 

...end;

 

mmm... let me check my crystal ball for your error messages....

Share this post


Link to post
Share on other sites

Man you work fast. Here's what I threw together:

 

//----------------------------------------------------

inputs:

//----------------------------------------------------

 

RSILength(9),

StochLength(18),

KLength(6),

DLength(3),

LeftStrength(3),

RightStrength(3),

Line.Color.Top(magenta),

Line.Color.Bot(magenta),

Line.Size(2),

Plot.stochrsi(1);

 

//----------------------------------------------------

variables:

//----------------------------------------------------

 

DToscK(0),

DToscD(0),

 

var0(0),

var1(0),

var2(0),

oPivotPrice1(0),

oPivotBar1(0),

oPivotPrice2(0),

oPivotBar2(0),

oPivotPrice11(0),

oPivotBar11(0),

oPivotPrice12(0),

oPivotBar12(0);

 

value1 = FastKCustomEasy(RSI(C, RSILength),StochLength);

DToscK = average(value1,KLength);

DToscD = average(DToscK,DLength);

 

var0 = StochRSI( Close, RSILength, StochLength, KLength, DLength );

 

Condition1 = Pivot( var0, RSILength, LeftStrength, RightStrength, 1, -1, oPivotPrice1, oPivotBar1 ) <> -1

AND ( oPivotBar1 - RightStrength ) = 0 ;

 

Condition11 = Pivot( var0, RSILength, LeftStrength, RightStrength, 1, 1, oPivotPrice11, oPivotBar11 ) <> -1

AND ( oPivotBar11 - RightStrength ) = 0 ;

 

Condition2 = Pivot( var0, RSILength, LeftStrength, RightStrength, 2, -1, oPivotPrice2, oPivotBar2 ) <> -1;

 

Condition12 = Pivot( var0, RSILength, LeftStrength, RightStrength, 2, 1, oPivotPrice12, oPivotBar12 ) <> -1;

 

If

Condition1 and Condition2 // added condition2 = referecne future data

AND L[oPivotBar2] >= L[oPivotBar1]

AND var0[oPivotBar2] < var0[oPivotBar1] then

Begin

Value2 = TL_New(D[oPivotBar2], T[oPivotBar2], L[oPivotBar2], D[oPivotBar1], T[oPivotBar1], L[oPivotBar1]);

TL_SetColor( Value2, Line.Color.Bot );

TL_SetSize( Value2, Line.Size );

End;

 

If

Condition11 and Condition12 // added condition12 referecne future data

AND H[oPivotBar12] <= H[oPivotBar11]

AND var0[oPivotBar12] > var0[oPivotBar11] then

Begin

Value12 = TL_New(D[oPivotBar12], T[oPivotBar12], H[oPivotBar12], D[oPivotBar11], T[oPivotBar11], H[oPivotBar11]);

TL_SetColor( Value12, Line.Color.Top );

TL_SetSize( Value12, Line.Size );

End;

 

if Plot.stochrsi <> 0 then

begin

Plot1( var0 );

end;

Edited by lonew0lf

Share this post


Link to post
Share on other sites

tagged code should look like this:

 

//----------------------------------------------------
inputs:
//----------------------------------------------------

RSILength(9),
StochLength(18),
KLength(6),
DLength(3),
LeftStrength(3),
RightStrength(3),
Line.Color.Top(magenta),
Line.Color.Bot(magenta),
Line.Size(2), 
Plot.stochrsi(1);

 

 

just highlight the code (ie select the text),

then press the # key on the top of the message window.

Share this post


Link to post
Share on other sites
Is it possible to apply the same principle of divergence to a StochRSI indicator (divergence drawn on both the price and the indicator)?

 

Hello

I will have a look this WE

rgds

aa

Share this post


Link to post
Share on other sites

*************************

 

If someone else is interested with others indicators divergence trendline like

 

RSI

Mom

CCI

etc...

 

I could post one each WE

 

If U have a preferred one, please post it here

 

It should B fun 2 mix them on a chart ?!

 

************************************

Edited by aaa

Share this post


Link to post
Share on other sites

AAA - thanks for undertaking this endeavor. I've come to like the stochrsi as a good test against my signals. The ability to see divergence would be quite nice.

 

I'm running the MACD divergence on my charts right now and it looks good, hopefully the same will hold true for stochrsi.

Share this post


Link to post
Share on other sites

I'd be interested in the ability to add a moving average or linear moving average to define trend, and only show divergences in the direction of the trend.

 

Greatly cuts down on the signals... but increases the probability of continuation.

 

snowbird

Share this post


Link to post
Share on other sites

I was able to apply divergence to both the price and indicator. Thank you AAA for putting the original together. The below modification applies to the stochrsi:

 

// StochRSI Divergence TrendLine
// Author: MARKPLEX
// http://markplex.com/tutorial4.php
// version: 1.0

// Author: aaa
// version: 2.0
// Date: 20091129
// added: 
// divergence on top +
// Line.Color.Top + Line.Color.Bot + Line.Size + Plot.Sto in inputs

//----------------------------------------------------
inputs:
//----------------------------------------------------


RSILength(9),
StochLength(18),
KLength(6),
DLength(3),
OverSold(20),
OverBought(80),
Length(20),
LeftStrength(3),
RightStrength(3),
Line.Color.Top(red),
Line.Color.Bot(blue),
Line.Size(3),
Plot.stochrsi(1);

//---------------------------------------------------- 
variables:
//----------------------------------------------------

DToscK(0), 
DToscD(0),

oPivotPrice1(0),
oPivotBar1(0),
oPivotPrice2(0),
oPivotBar2(0),

oPivotPrice11(0),
oPivotBar11(0),
oPivotPrice12(0),
oPivotBar12(0);

value1 = FastKCustomEasy(RSI(C, RSILength),StochLength);
DToscK =  average(value1,KLength);
DToscD = average(DToscK,DLength);

Condition1 = Pivot( DToscK, Length, LeftStrength, RightStrength, 1, -1, oPivotPrice1, oPivotBar1 ) <> -1 
	AND ( oPivotBar1 - RightStrength ) = 0 ;

Condition11 = Pivot( DToscK, Length, LeftStrength, RightStrength, 1, 1, oPivotPrice11, oPivotBar11 ) <> -1 
	AND ( oPivotBar11 - RightStrength ) = 0 ;

Condition2 = Pivot( DToscK, Length, LeftStrength, RightStrength, 2, -1, oPivotPrice2, oPivotBar2 ) <> -1;

Condition12 = Pivot( DToscK, Length, LeftStrength, RightStrength, 2, 1, oPivotPrice12, oPivotBar12 ) <> -1;

If 
	Condition1 and Condition2 // added condition2 = referecne future data
	AND L[oPivotBar2] >= L[oPivotBar1] 
	AND DToscK[oPivotBar2] < DToscK[oPivotBar1] then 
Begin
	Value2 = TL_New(D[oPivotBar2], T[oPivotBar2], L[oPivotBar2], D[oPivotBar1], T[oPivotBar1], L[oPivotBar1]); 
	TL_SetColor( Value2, Line.Color.Bot );
	TL_SetSize(  Value2, Line.Size  );
End;

If 
	Condition11 and Condition12 // added condition12  referecne future data
	AND H[oPivotBar12] <= H[oPivotBar11] 
	AND DToscK[oPivotBar12] > DToscK[oPivotBar11] then 
Begin
	Value12 = TL_New(D[oPivotBar12], T[oPivotBar12], H[oPivotBar12], D[oPivotBar11], T[oPivotBar11], H[oPivotBar11]); 
	TL_SetColor( Value12, Line.Color.Top );
	TL_SetSize(  Value12, Line.Size  );
End;

if Plot.stochrsi <> 0 then	
Plot1( DToscK );


condition3 = Pivot( DToscK, Length, LeftStrength, RightStrength, 1, -1, oPivotPrice1, oPivotBar1 ) <> -1 
	AND ( oPivotBar1 - RightStrength ) = 0 ;

condition32 = Pivot( DToscK, Length, LeftStrength, RightStrength, 1, 1, oPivotPrice11, oPivotBar11 ) <> -1 
	AND ( oPivotBar11 - RightStrength ) = 0 ;

condition4 = Pivot( DToscK, Length, LeftStrength, RightStrength, 2, -1, oPivotPrice2, oPivotBar2 ) <> -1;

condition42 = Pivot( DToscK, Length, LeftStrength, RightStrength, 2, 1, oPivotPrice12, oPivotBar12 ) <> -1;

If 
	Condition3 and condition4 
	AND L[oPivotBar2] >= L[oPivotBar1] 
	AND DToscK[oPivotBar2] < DToscK[oPivotBar1] then 
Begin
	Value2 = TL_New_SELF(D[oPivotBar2], T[oPivotBar2], DToscK[oPivotBar2], D[oPivotBar1], T[oPivotBar1], DToscK[oPivotBar1]); 
	TL_SetColor( Value2, Line.Color.Bot );
	TL_SetSize(  Value2, Line.Size  );
End;

If 
	Condition32 and Condition42
	AND H[oPivotBar12] <= H[oPivotBar11] 
	AND DToscK[oPivotBar12] > DToscK[oPivotBar11] then 
Begin
	Value12 = TL_New_SELF(D[oPivotBar12], T[oPivotBar12], DToscK[oPivotBar12], D[oPivotBar11], T[oPivotBar11], DToscK[oPivotBar11]); 
	TL_SetColor( Value12, Line.Color.Top );
	TL_SetSize(  Value12, Line.Size  );
End;

Plot1( DToscK, "stochrsi",      white );
plot2( 20,    "oversold", white);
plot3(80, "overbought", white);

StochRSI Divergence.pla

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Back in the early 2000s, Netflix mailed DVDs to subscribers.   It wasn’t sexy—but it was smart. No late fees. No driving to Blockbuster.   People subscribed because they were lazy. Investors bought the stock because they realized everyone else is lazy too.   Those who saw the future in that red envelope? They could’ve caught a 10,000%+ move.   Another story…   Back in the mid-2000s, Amazon launched Prime.   It wasn’t flashy—but it was fast.   Free two-day shipping. No minimums. No hassle.   People subscribed because they were impatient. Investors bought the stock because they realized everyone hates waiting.   Those who saw the future in that speedy little yellow button? They could’ve caught another 10,000%+ move.   Finally…   Back in 2011, Bitcoin was trading under $10.   It wasn’t regulated—but it worked.   No bank. No middleman. Just wallet to wallet.   People used it to send money. Investors bought it because they saw the potential.   Those who saw something glimmering in that strange orange coin? They could’ve caught a 100,000%+ move.   The people who made those calls weren’t fortune tellers. They just noticed something simple before others did.   A better way. A quiet shift. A small edge. An asymmetric bet.   The red envelope fixed late fees. The yellow button fixed waiting. The orange coin gave billions a choice.   Of course, these types of gains are rare. And they happen only once in a blue moon. That’s exactly why it’s important to notice when the conditions start to look familiar.   Not after the move. Not once it's on CNBC. But in the quiet build-up— before the surface breaks.   Enter the Blue Button Please read more here: https://altucherconfidential.com/posts/netflix-amazon-bitcoin-blue  Profits from free accurate cryptos signals: https://www.predictmag.com/ 
    • What These Attacks Look Like There are several ways you could get hacked. And the threats compound by the day.   Here’s a quick rundown:   Phishing: Fake emails from your “bank.” Click the link, give your password—game over.   Ransomware: Malware that locks your files and demands crypto. Pay up, or it’s gone.   DDoS: Overwhelm a website with traffic until it crashes. Like 10,000 bots blocking the door. Often used by nations.   Man-in-the-Middle: Hackers intercept your messages on public WiFi and read or change them.   Social Engineering: Hackers pose as IT or drop infected USB drives labeled “Payroll.”   You don’t need to be “important” to be a target.   You just need to be online.   What You Can Do (Without Buying a Bunker) You don’t have to be tech-savvy.   You just need to stop being low-hanging fruit.   Here’s how:   Use a YubiKey (physical passkey device) or Authenticator app – Ditch text message 2FA. SIM swaps are real. Hackers often have people on the inside at telecom companies.   Use a password manager (with Yubikey) – One unique password per account. Stop using your dog’s name.   Update your devices – Those annoying updates patch real security holes. Use them.   Back up your files – If ransomware hits, you don’t want your important documents held hostage.   Avoid public WiFi for sensitive stuff – Or use a VPN.   Think before you click – Emails that feel “urgent” are often fake. Go to the websites manually for confirmation.   Consider Starlink in case the internet goes down – I think it’s time for me to make the leap. Don’t Panic. Prepare. (Then Invest.)   I spent an hour in that basement bar reading about cyberattacks—and watching real-world systems fall apart like dominos.   The internet going down used to be an inconvenience. Now, it’s a warning.   Cyberwar isn’t coming. It’s here.   And the next time your internet goes out, it might not just be your router.   Don’t panic. Prepare.   And maybe keep a backup plan in your back pocket. Like a local basement bar with good bourbon—and working WiFi.   As usual, we’re on the lookout for more opportunities in cybersecurity. Stay tuned.   Author: Chris Campbell (AltucherConfidential) Profits from free accurate cryptos signals: https://www.predictmag.com/   
    • DUMBSHELL:  re the automation of corruption ---  200,000 "Science Papers" in academic journal database PubMed may have been AI-generated with errors, hallucinations and false sourcing 
    • Does any crypto exchanges get banned in your country? How's about other as Bybit, Kraken, MEXC, OKX?
    • Does any crypto exchanges get banned in your country? How's about other as Bybit, Kraken, MEXC, OKX?
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.