OmniTrader Professional Forum
OmniLanguage Discussion
impulseMACD
12 replies, 1585 viewings
|
OmniTrader Professional Forum
OmniLanguage Discussion
impulseMACD
|
Last Activity 10/5/2024 12:51 AM 12 replies, 1585 viewings |
|
|
|
| Printer friendly version |
Lou Venezia Member Posts: 23 Joined: 7/22/2022  User Profile |
Thanks for assistance | ||
| Etherist Member  Posts: 25 Joined: 6/9/2024 Location: South Australia User Profile |
Accessing iMACD Components in OmniTrader: To access the trigger line, signal line, and histogram of the impulse MACD with parameters (34,9), you can use OmniScript to calculate and plot these values. OmniScript Example: ================================================================== ' Define parameters for the iMACD Dim FastLength As Integer Dim SlowLength As Integer Dim SignalSmoothing As Integer FastLength = 34 SlowLength = 9 SignalSmoothing = 9 ' Calculate the MACD line and Signal line Dim MACDLine As Series Dim SignalLine As Series Dim Histogram As Series MACDLine = MACD(Close, FastLength, SlowLength) ' MACD line using close prices SignalLine = Signal(MACDLine, SignalSmoothing) ' Signal line (EMA of MACD line) ' Calculate the Histogram as the difference between MACD line and Signal line Histogram = MACDLine - SignalLine ' Plot the iMACD components Plot1(MACDLine, "MACD Line", ColorBlue) Plot2(SignalLine, "Signal Line", ColorRed) Plot3(Histogram, "Histogram", ColorGreen) ' Optionally, you can add logic for trading signals based on the iMACD If CrossOver(MACDLine, SignalLine) Then Buy("Buy Signal") ElseIf CrossUnder(MACDLine, SignalLine) Then Sell("Sell Signal") End If =================================================================== Explanation 1. Define Parameters: - `FastLength`: The fast period length for the MACD. - `SlowLength`: The slow period length for the MACD. - `SignalSmoothing`: The period length for the signal line. 2. Calculate MACD Line and Signal Line: - `MACDLine`: Calculated using the `MACD` function with the `Close` price and specified fast and slow lengths. - `SignalLine`: Calculated as the EMA of the `MACDLine` over the `SignalSmoothing` period. 3. Calculate Histogram: - `Histogram`: The difference between the `MACDLine` and the `SignalLine`. 4. Plot the Components: - `Plot1`: Plots the `MACDLine` in blue. - `Plot2`: Plots the `SignalLine` in red. - `Plot3`: Plots the `Histogram` in green. 5. Trading Logic (Optional): - Includes basic trading signals for crossover events between the `MACDLine` and the `SignalLine`. Customisation and Use: - Customisation: Adjust the `FastLength`, `SlowLength`, and `SignalSmoothing` parameters to fit your specific needs. - Use: Implement this script within OmniTrader to plot and potentially use the iMACD components for your trading strategy. | ||
| Lou Venezia Member Posts: 23 Joined: 7/22/2022 User Profile |
| ||
| Lou Venezia Member Posts: 23 Joined: 7/22/2022 User Profile |
| ||
| Etherist Member Posts: 25 Joined: 6/9/2024 Location: South Australia User Profile |
Might be worth changing the series to a single ... alas I may need a refresher course in VB too. See how this goes: ======================================================================= ' Define parameters for the iMACD Dim FastLength As Integer Dim SlowLength As Integer Dim SignalSmoothing As Integer FastLength = 34 SlowLength = 9 SignalSmoothing = 9 ' Declare variables for the MACD components Dim MACDLine As Single Dim SignalLine As Single Dim Histogram As Single ' Calculate the MACD line and Signal line MACDLine = MACD(Close, FastLength, SlowLength) ' MACD line using close prices SignalLine = Signal(MACDLine, SignalSmoothing) ' Signal line (EMA of MACD line) ' Calculate the Histogram as the difference between MACD line and Signal line Histogram = MACDLine - SignalLine ' Plot the iMACD components Plot1(MACDLine, "MACD Line", ColorBlue) Plot2(SignalLine, "Signal Line", ColorRed) Plot3(Histogram, "Histogram", ColorGreen) ' Optionally, you can add logic for trading signals based on the iMACD If CrossOver(MACDLine, SignalLine) Then Buy("Buy Signal") ElseIf CrossUnder(MACDLine, SignalLine) Then Sell("Sell Signal") End If =================================================================== Explanation of Changes: Variable Declarations: Replaced Dim MACDLine As Series with Dim MACDLine As Single. Replaced Dim SignalLine As Series with Dim SignalLine As Single. Replaced Dim Histogram As Series with Dim Histogram As Single. Worth a shot ... my version of OT is tied up currently with a back-test. Let me know how you go. Cheers. | ||
| Lou Venezia Member Posts: 23 Joined: 7/22/2022 User Profile |
| ||
| Etherist Member Posts: 25 Joined: 6/9/2024 Location: South Australia User Profile |
I think you're on the ball with changing from Plot to Plotline. I'd be interested to see what other changes are needed to compile this code. | ||
| Lou Venezia Member Posts: 23 Joined: 7/22/2022 User Profile |
| ||
| Etherist Member Posts: 25 Joined: 6/9/2024 Location: South Australia User Profile |
[Edited by Etherist on 6/20/2024 1:19 AM] | ||
| Lou Venezia Member Posts: 23 Joined: 7/22/2022 User Profile |
| ||
| Etherist Member Posts: 25 Joined: 6/9/2024 Location: South Australia User Profile |
| ||
| Etherist Member Posts: 25 Joined: 6/9/2024 Location: South Australia User Profile |
Attached is my final attempt at the LazyBear ImpulseMACD Indicator. Would be interested to see how it compares to the official Suite. You can access all the components of the iMACD either via the parameters or via the Omni code itself. Give it a go, if you have the time or interest. Cheers :-) P.S. I updated the attachment re: Histogram colors, etc. and added a Trading Strategy section. [Edited by Etherist on 6/28/2024 4:51 AM]  Attached file : ImpulseMACD_LB_v2.txt (3KB - 92 downloads) Attached file : iMACDind.jpg (122KB - 203 downloads) | ||
| Lou Venezia Member Posts: 23 Joined: 7/22/2022 User Profile |
|
|
|
|
|
Administrator
Forum Moderator |
Registered User
Unregistered User |
 E-Mail this thread to a friend |
Toggle e-mail notification |
