I have assembled the following code to check for MACD crossing on the 15min chart and plotting a signal line on the 5 min. It results in three lines plotting. One for each 5 min candle. My question, is it possible to display only one signal at the last 5 min candle in the 15 min range. Any help is appreciated.


script MACD15 {
input TimeFrame = 5;
def agg = TimeFrame * 60000;
def vClose15 = close(period = agg);

input fastLength = 12;
input slowLength = 26;
input MACDLength = 9;
input averageType = AverageType.EXPONENTIAL;

DEF Value = MovingAverage(averageType, vClose15, fastLength) - MovingAverage(averageType, vClose15, slowLength);

DEF Avg = MovingAverage(averageType, Value, MACDLength);


DEF BULL_MACD = if Value crosses above Avg and Value < 0 then 1 else 0;

PLOT BEAR_MACD = if Value crosses below Avg and Value > 0 then 1 else 0;

}

input fastLength = 12;
input slowLength = 26;
input MACDLength = 9;
input averageType = AverageType.EXPONENTIAL;

DEF Value = MovingAverage(averageType, CLOSE, fastLength) - MovingAverage(averageType, CLOSE, slowLength);

DEF Avg = MovingAverage(averageType, Value, MACDLength);


DEF BULL_MACD = if Value crosses above Avg and Value < 0 then 1 else 0;

DEF BEAR_MACD = if Value crosses below Avg and Value > 0 then 1 else 0;

plot BULL_CONVERGENCE = IF MACD15(15).BULL_MACD then 1 else 0;
AddVerticalLine(BULL_CONVERGENCE, "BULL MACD", Color.CYAN, Curve.FIRM);

plot BEAR_CONVERGENCE = IF MACD15(15).BEAR_MACD then 1 else 0;
AddVerticalLine(BEAR_CONVERGENCE, "BEAR MACD", Color.RED, Curve.FIRM);

NC001 

I have assembled the following code to check for MACD crossing on the 15min chart and plotting a signal line on the 5 min. It results in three lines plotting. One for each 5 min candle. My question, is it possible to display only one signal at the last 5 min candle in the 15 min range. Any help is appreciated. script MACD15 { input TimeFrame = 5; def agg = TimeFrame * 60000; def vClose15 = close(period = agg); input fastLength = 12; input slowLength = 26; input MACDLength = 9; input averageType = AverageType.EXPONENTIAL; DEF Value = MovingAverage(averageType, vClose15, fastLength) - MovingAverage(averageType, vClose15, slowLength); DEF Avg = MovingAverage(averageType, Value, MACDLength); DEF BULL_MACD = if Value crosses above Avg and Value < 0 then 1 else 0; PLOT BEAR_MACD = if Value crosses below Avg and Value > 0 then 1 else 0; } input fastLength = 12; input slowLength = 26; input MACDLength = 9; input averageType = AverageType.EXPONENTIAL; DEF Value = MovingAverage(averageType, CLOSE, fastLength) - MovingAverage(averageType, CLOSE, slowLength); DEF Avg = MovingAverage(averageType, Value, MACDLength); DEF BULL_MACD = if Value crosses above Avg and Value < 0 then 1 else 0; DEF BEAR_MACD = if Value crosses below Avg and Value > 0 then 1 else 0; plot BULL_CONVERGENCE = IF MACD15(15).BULL_MACD then 1 else 0; AddVerticalLine(BULL_CONVERGENCE, "BULL MACD", Color.CYAN, Curve.FIRM); plot BEAR_CONVERGENCE = IF MACD15(15).BEAR_MACD then 1 else 0; AddVerticalLine(BEAR_CONVERGENCE, "BEAR MACD", Color.RED, Curve.FIRM);

Great job is done.But did U ever use it on real market? Regards,

trader 1973,

I use this as part of my scalping routine on a daily basis.

I am confused by your reply. Did you figure out a solution to my problem or just commenting on my code?

If you have a solution, then perhaps I missed it. Either way, thank you for your interest

This approach might help. Check the last 3 values of the function must add to 3 as the condition to draw the line.

 

Code

def bull15 = MACD15(15).BULL_MACD; def bear15 = MACD15(15).BEAR_MACD; AddVerticalLine(bull15 + bull15[1] + bull15[2] == 3, "BULL MACD", Color.CYAN, Curve.FIRM); AddVerticalLine(bear15 + bear15[1] + bear15[2] == 3, "BEAR MACD", Color.RED, Curve.FIRM);

Regards,
JayC

Thank you JayC. You provided a perfect solution to my problem. Your help is much appreciated!