Easylanguage with multiple timeframe indicators

June 10th, 2023, 12:12 PM

Hi, can someone please help me on the code below? I am testing a strategy using MACD indicators based 5 min chart (data1) and 30 min chart (data2). For the statements below, I am sure the first one will calculate MACD based on 12 and 26 bars of 30 min. However, Easylanguge does not allow me to specify something like "MyMACD2 of data2". If I keep the second statement as below, the length of 9 implies 9 of 30min bar or 9 of 5min bar? If it implies 9 of 5min bar, is it ok to change it to 54? Any other workaround? Thank you!

MyMACD2 = MACD( Close of data2, 12, 26);
MACDAvg2 = XAverage( MyMACD2, 9);

June 10th, 2023, 05:20 PM

Hi Jay,

I'm not a EL expert but I believe that can be done as long as you're using time based charts. I use tick charts so no way to use multiple TF's.

I know this isn't a lot of help and hope it's OK with FutureIO. Since you're looking for something Tradestation specific I would ask this on the TS forum, if you haven't already. They have a lot of knowledgeable folks on there and support staff for programming Q's.

Hope it helps and good luck.

https://community.tradestation.com/Discussions/RecentPost.aspx

June 10th, 2023, 06:20 PM

You can tie your variables to either Data1 or Data2 in the Declarative Statements. In the code below, I have tied both MyMACD2 and MACDAvg2 to Data2. Also, I have specified in the code that the functions
MACD and XAverage are to operate on Data2. However, even though the calculations are performed on Data2, the "next bar" in the buy and sell entry/exit statements refer to the next bar of Data1 as trades are always executed on Data1.

View the EasyLanguage Print Log to see the Printed messages. New lines will be added to the messages if a Data2 bar has closed and either a cross above or a cross below has happened.

Code

Vars:
	MyMACD2(0,Data2),
	MACDAvg2(0,Data2);


MyMACD2 = MACD( Close of data2, 12, 26) of Data2;
MACDAvg2 = XAverage( MyMACD2, 9) of Data2;

If MyMACD2 crosses above MACDAvg2 then buy 1 contract next bar at market;
If MyMACD2 crosses below MACDAvg2 then sell short 1 contract next bar at market;

If BarStatus(2) = 2 then Begin
	If MyMACD2 crosses above MACDAvg2 or MyMACD2 crosses below MACDAvg2 then begin
		Print("Date = ",Date,"   Time = ",Time,"  MyMACD2 = ",MyMACD2:0:3,"   MACDAvg2 = ",MACDAvg2:0:3,"  MyMACD2[1] = ",MyMACD2[1]:0:3,"  MACDAvg2[1] = ",MACDAvg2[1]:0:3);
	end;
End;

June 11th, 2023, 10:14 AM

TraderDoc2, Your are very helpful. Thanks a lot!

TraderDoc2

You can tie your variables to either Data1 or Data2 in the Declarative Statements. In the code below, I have tied both MyMACD2 and MACDAvg2 to Data2. Also, I have specified in the code that the functions
MACD and XAverage are to operate on Data2. However, even though the calculations are performed on Data2, the "next bar" in the buy and sell entry/exit statements refer to the next bar of Data1 as trades are always executed on Data1.

View the EasyLanguage Print Log to see the Printed messages. New lines will be added to the messages if a Data2 bar has closed and either a cross above or a cross below has happened.

Code

Vars:
	MyMACD2(0,Data2),
	MACDAvg2(0,Data2);


MyMACD2 = MACD( Close of data2, 12, 26) of Data2;
MACDAvg2 = XAverage( MyMACD2, 9) of Data2;

If MyMACD2 crosses above MACDAvg2 then buy 1 contract next bar at market;
If MyMACD2 crosses below MACDAvg2 then sell short 1 contract next bar at market;

If BarStatus(2) = 2 then Begin
	If MyMACD2 crosses above MACDAvg2 or MyMACD2 crosses below MACDAvg2 then begin
		Print("Date = ",Date,"   Time = ",Time,"  MyMACD2 = ",MyMACD2:0:3,"   MACDAvg2 = ",MACDAvg2:0:3,"  MyMACD2[1] = ",MyMACD2[1]:0:3,"  MACDAvg2[1] = ",MACDAvg2[1]:0:3);
	end;
End;

Easylanguage with multiple timeframe indicators

Discussion in EasyLanguage Programming

Easylanguage with multiple timeframe indicators