WiseStockTrader.com Trading Program Listings
Indicators
Submit New Indicator
All Amibroker (AFL) Metastock eSignal (EFS) NinjaTrader
Function Index
Paste Bin
Register
Login

Stock Portfolio Organizer

The ultimate porfolio management solution.

Shares, Margin, CFD's, Futures and Forex
EOD and Realtime
Dividends and Trust Distributions
And Much More ....
For Portfolio Manager Click Here

WiseTrader Toolbox

#1 Selling Amibroker Plugin featuring:

Advanced Adaptive Indicators
Advanced Pattern Exploration
Neural Networks
And Much More ....
Find Out More Here

Reversing MACD for Amibroker (AFL)
kelvinhand
over 12 years ago
Amibroker (AFL)

Rating:
3 / 5 (Votes 12)
Tags:
oscillator, macd, amibroker

Reversing MACD is a MACD plotted on Price chart.

Based upon Article from:
http://www.traders.com/index.php/sac-magazine/current-contents/48-feature-articles/indicators/876

Using the scripts given in Metastock:
http://www.traders.com/Documentation/FEEDbk_docs/2012/01/TradersTips.html
(Amibroker version need Subscriber’s)

I coached forum member in TJ:
http://www.traderji.com/amibroker/77416-reverse-macd-amibroker.html
to translate into the following AFL script:

== AFL Formula ======

_SECTION_BEGIN("MS RevMACD on Price");
t1 = Param("fast periods", 12,5, 24, 12);
t2 = Param("slow periods", 26,10, 52, 26);
t3 = Param("signal periods", 9,3, 18, 9);
pick = Param("plot: <1=MACDeq 2=MACDeq0 3=HLC 4=BBands>",1,1,4,1);
a1 = 2/(t1+1);
a2 = 2/(t2+1);
CMACDeq = (Ref(EMA(C,t1)*a1,-1)-Ref(EMA(C,t2)*a2,-1))/(a1-a2);
HMACDeq = (Ref(EMA(H,t1)*a1,-1)-Ref(EMA(H,t2)*a2,-1))/(a1-a2);
LMACDeq = (Ref(EMA(L,t1)*a1,-1)-Ref(EMA(L,t2)*a2,-1))/(a1-a2);
MACDeq0 = Ref(EMA(C,t2)*(1-a2) - EMA(C,t1)*(1-a1),-1)/(a1-a2);
z = LastValue(IIf(pick > 2, 0, Cum(1)+1));
plot1 = IIf(pick==3, HMACDeq, BBandTop(CMACDeq,10,1));
plot2 = IIf(pick==2, MACDeq0, CMACDeq);
plot3 = IIf(pick==3, LMACDeq, BBandBot(CMACDeq,10,1));
Plot(plot1+ Ref(0,z),"HMACDeq",colorGreen,styleThick);
Plot(plot3+ Ref(0,z),"LMACDeq",colorRed,styleThick);
Rmacdcolor=IIf(MACDeq0<= C, ParamColor("Rmacdup", colorGreen),ParamColor("Rmacddn", colorRed));
Plot(plot2,"MACDeq0",Rmacdcolor,styleLine);
Colmacdeq=IIf(C>HMACDeq,colorLime,IIf(C<LMACDeq,colorOrange,colorDarkYellow));
Plot(CMACDeq,"CMACDeq ",colmacdeq,8);
_SECTION_END();

However i prefer tradestation version and is better than mestock. Hereby share with public.

Similar Indicators / Formulas

%MACD
Submitted by mavirk over 15 years ago
Coloured MACD
Submitted by sandiip123 over 15 years ago
MACD Bullish
Submitted by zillur over 15 years ago
Bline MACD
Submitted by thegame.t2 almost 16 years ago
MACD Dema Indicator
Submitted by Peixoto over 15 years ago
MACD Candles
Submitted by stanwell almost 16 years ago

Indicator / Formula

Indicator
Copy & Paste Friendly
_SECTION_BEGIN("TS RevMACD on Price");
_MACD_     = 1;
_MACD_HLC  = 2;
_MACD_BB   = 3;
_MACD_MTF  = 4;

//-------------------------
//-- Created by KelvinHand
//-------------------------
ColorDeepSkyBlue = ColorRGB(65,105,225);

function _PMACDeq (Price, period_X,period_Y)
/*
{ TASC January 2012 }
{ Reversing MACD by Johnny Dough }
{ returns price where MACD is equal to previous bar 
  MACD }
	
inputs:
	Price( numericseries ),
	period_X( numericsimple ),
	period_Y( numericsimple ) ;

variables:
*/
{
	alphaX = 2 / ( 1 + period_X ) ;
	alphaY = 2 / ( 1 + period_Y ) ;
	
  return (( EMA( Price, period_X ) * alphaX -  EMA( Price, period_Y ) * alphaY ) /( alphaX - alphaY )) ;
}

function _PMACDlevel (level,Price,period_X, period_Y)
/*
{ TASC January 2012 }
{ Reversing MACD by Johnny Dough }

inputs:
	level( numericsimple ),
	Price( numericseries ),
	period_X( numericsimple ),
	period_Y( numericsimple ) ;
*/
{
//variables:
 alphaX = 2 / ( 1 + period_X ) ;
 alphaY = 2 / ( 1 + period_Y ) ;

 One_alphaX = 1 - alphaX ;
 One_alphaY = 1 - alphaY ;

 return ((Level + EMA(Price, period_Y)* One_alphaY - EMA(Price, period_X)* One_alphaX ) / ( alphaX - alphaY )) ;

}

function _PMACDzero(Price, period_X, period_Y)
{
/*{ TASC January 2012 }
{ Reversing MACD by Johnny Dough }

inputs:
	Price( numericseries ),
	period_X( numericsimple ),
	period_Y( numericsimple ) ;
*/	
 return _PMACDlevel( 0, Price, period_X, period_Y ) ;
}

/*
_PMACD_Ind1 (Indicator for Price Sub-Graph)
{ TASC January 2012 }
{ Reversing MACD by Johnny Dough }

inputs:
*/
switch ( ParamList("PlotTemplate", "MACD|MACD_HLC|MACD_BB|MACD_MTF") )
{
 case "MACD_HLC": PlotTemplate=_MACD_HLC; break;
 case "MACD_BB":  PlotTemplate=_MACD_BB; break;
 case "MACD_MTF": PlotTemplate=_MACD_MTF; break;

 default: PlotTemplate=_MACD_; break;
 
}


switch(ParamList("Price used", "Close|Open|High|Low|MP(HL/2)|TP(HLC/3)|WP(HLCC/4)"))
{

  case "Open": iPrice = Open; break; 
  case "High": iPrice = High; break; 
  case "Low":  iPrice = Low; break; 

  case "MP(HL/2)":  iPrice = (H+L)/2; break; 
  case "TP(HLC/3)": iPrice = (H+L+C)/2; break; 
  case "WP(HLCC/4)": iPrice = (H+L+C+C)/2; break; 
  default: iPrice = Close; break; 
     
}

P_Fast= Param("Fast periods", 12, 2,  200);
P_Slow= Param("Slow periods", 26, 2,  200);
P_Signal= Param("Signal periods", 9, 2,  200); //{ PMACDeq EMA Signal length } 

PMACD_TF_Mult1 = Param("Multiplier for Higher TF1", 5,  1,  100);  
PMACD_TF_Mult2 = Param("Multiplier for Higher TF2", 21, 1,  100);  

p_bbperiod = Param("BB average length", 10, 2,  200); 
p_bbwidth  = Param("BB # of StdDev", 1, 1,  200); 
Displace   = Param("displacement", 1, 0,  200); 
	
//variables:
PMACDeq = Null;
PMACDeqSignal= Null;
PMACDeq_TF1 = Null;
PMACDeq_TF2 = Null;
UpperBand = Null;
LowerBand = Null;

PMACDzero = _PMACDzero( iPrice, P_Fast, P_Slow ) ;

//{ Plots }
 if (PlotTemplate != _MACD_HLC)
 {	
	PMACDeq = _PMACDeq( iPrice, P_Fast, P_Slow ) ;
	//Plot1[Displace]( PMACDeq, "PMACDeq" ) ;
   Plot(PMACDeq, "PMACDeq", 
				ParamColor("PMACDeq Color",ColorDeepSkyBlue), 
          ParamStyle("PMACDeq Style",styleLine|styleNoLabel), 
					0, 0, Displace);  
 }

 //Plot2[Displace]( PMACDzero, "PMACDzero" ) ;
 Plot(PMACDzero, "PMACDzero", 
			ParamColor("PMACDzero Color",colorWhite), 
			ParamStyle("PMACDzero Style",styleLine|styleNoLabel), 
				0, 0, Displace);  

 if (PlotTemplate == _MACD_HLC)
 {
  Plot(_PMACDeq( Close, P_Fast, P_Slow ), "PMACD_C", 
     ParamColor("PMACD_C Color",colorTeal), 
		ParamStyle("PMACD_C Style",styleLine|styleNoLabel) 
    );


  Plot(_PMACDeq( High,  P_Fast, P_Slow ), "PMACD_H", 
     ParamColor("PMACD_H Color",colorDarkYellow), 
		ParamStyle("PMACD_H Style",styleLine|styleNoLabel)
    );

  Plot(_PMACDeq( Low,   P_Fast, P_Slow ), "PMACD L", 
     ParamColor("PMACD_L Color",colorDarkYellow), 
		ParamStyle("PMACD_L Style",styleLine|styleNoLabel) 
    );
 }	
	
 if (PlotTemplate == _MACD_)
 {
  PMACDeqSignal = EMA( PMACDeq, P_Signal ) ;
  Plot(PMACDeqSignal, "PMACDeqSig", 
			ParamColor("PMACDeqSig Color",colorAqua), 
       ParamStyle("PMACDeqSig Style",styleLine|styleNoLabel), 
    		0, 0, Displace);  
 }
	  
 if (PlotTemplate == _MACD_BB)
 {
 	UpperBand = BBandTop(PMACDeq, p_bbperiod, p_bbwidth );  
	LowerBand = BBandBot(PMACDeq, p_bbperiod, p_bbwidth );
  Plot(UpperBand, "UpperBand", 
			ParamColor("UpperBand Color",colorTeal), 
       ParamStyle("UpperBand Style",styleLine|styleNoLabel), 
    		0, 0, Displace);  
  Plot(LowerBand, "LowerBand", 
			ParamColor("LowerBand Color",colorTeal), 
       ParamStyle("LowerBand Style",styleLine|styleNoLabel), 
    		0, 0, Displace);  
 }	

 if (PlotTemplate == _MACD_MTF)
 {
	PMACDeq_TF1 = _PMACDeq( iPrice, P_Fast *  PMACD_TF_Mult1, P_Slow * PMACD_TF_Mult1 ) ;
	PMACDeq_TF2 = _PMACDeq( iPrice, P_Fast *  PMACD_TF_Mult2, P_Slow * PMACD_TF_Mult2 ) ;
  Plot(PMACDeq_TF1, "PMACDeqTF1", 
			ParamColor("PMACDeqTF1 Color",colorDarkYellow), 
       ParamStyle("PMACDeqTF1 Style",styleLine|styleNoLabel), 
    		0, 0, Displace);  
  Plot(PMACDeq_TF2, "PMACDeqTF2", 
			ParamColor("PMACDeqTF2 Color",colorDarkYellow), 
 
       ParamStyle("PMACDeqTF2 Style",styleLine|styleNoLabel), 
    		0, 0, Displace);  
 }	

_SECTION_END();

2 comments

1. sureshsellappan
almost 9 years ago

nice afl

Report as Spam
2. SADAI
almost 9 years ago

Thanks and good for the sharing

Report as Spam

Leave Comment

Please login here to leave a comment.

Back

We try to maintain hiqhest possible level of service - most formulas, oscillators, indicators and systems are submitted by anonymous users. Therefore www.WiseStockTrader.com does not take any responsibility for it's quality. If you use any of this information, use it at your own risk. You are responsible for your own trading decisions. Be sure to verify that any information you see on these pages is correct, and is applicable to your particular trade. In no case will www.WiseStockTrader.com be responsible for your trading gains or losses.

News Contact Us Terms and Conditions Privacy Policy