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Weekly MACD Signal with 5 ROC on Daily Charts for Amibroker (AFL)
Rating:
2 / 5 (Votes 3)
Tags:
oscillator, amibroker
Weekly MACD Signal with 5 ROC on Daily Charts
Add this code to ANY indicator you like. To be used in “Indicator” in AB
This code will approximate A Weekly ROC of MACD ( see seperate code for an
weekly indicator in the AB Files ). There is NO PRESENTATION of A GRAPH.
The results will give a text readout during “Daily” presentation of what the // weekly trend is doing.
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Indicator / Formula
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/* Text of Weekly MACD Signal with 5 ROC on Daily Charts
INSTRUCTIONS AT END OF CODE */
weeklyprice=C;
Weekly=ValueWhen(DayOfWeek() > Ref( DayOfWeek(),1),WeeklyPrice);
W6ema = EMA(weekly,30);// 6 weeks * 5 days per week
W13ema = EMA(weekly,65);// 13 weeks * 5 days per week
MACDSignal = EMA((W6ema - W13ema),25);// 5 weeks * 5 days per week
ROCMACD = MACDSignal - Ref(MACDSignal,-25);//ROC of MACD Signal
//Cond1 - "V" bottom, start of climb
Cond1 = IIf(ROCMACD > Ref(ROCMACD,-5) AND Ref(ROCMACD,-5) <= Ref(ROCMACD,-10),1,0);
//Cond2 - "V" top, start of drop
Cond2 = IIf(ROCMACD < Ref(ROCMACD,-5) AND Ref(ROCMACD,-5) >= Ref(ROCMACD,-10),1,0);
//cond3 - Steady up trend
Cond3 = IIf(ROCMACD> Ref(ROCMACD,-5) AND Ref(ROCMACD,-5) >= Ref(ROCMACD,-10),1,0);
//Cond4 - Steady down trend
Cond4 = IIf(ROCMACD < Ref(ROCMACD,-5) AND Ref(ROCMACD,-5) <= Ref(ROCMACD,-10),1,0);
//Cond5 - no change - flat
Cond5 = IIf(ROCMACD = Ref(ROCMACD,-5) ,1,0);
Title = Title + " Weekly -"
+ WriteIf(Cond1," NEW UP TREND ", WriteIf(Cond2," NEW DOWN TREND ", WriteIf(Cond3," Trend is Up ",WriteIf(Cond4," Trend is Down ",WriteIf(Cond5," Trend is Flat ","")))));
// Add this code to ANY indicator you like. To be used in "Indicator" in AB
// This code will approximate A Weekly ROC of MACD ( see seperate code for an
// weekly indicator in the AB Files ). There is NO PRESENTATION of A GRAPH.
// The results will give a text readout during "Daily" presentation of what the // weekly trend is doing.4 comments
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Error
Title = Title + " Weekly -"
AFL NOT WORKING….IN 5.40 AMIBROKER VERSION. ADMIN PL HELP FOR CODING.
In line 22 I think there should be:
Condi5 = IIf(ROCMACD == Ref(ROCMACD,-5) ,1,0);
In line line 24 I think there should be:
Title = Name() + " Weekly -"
Then you will not get an error message.
Error …. please check