Description
This is my MACD Zero Lag with a much faster signal. This Indicator uses the Double EMA instead of a traditional EMA for the Signals.
You can take a look at the difference by comparing it with my other Classic MACD Multicolors. Example in the picture Bellow.
09/July/2022 The Indicator was updated, applying a correction on the histogram to prevent, to paint two different colors.
11/Jully/2022 Another little update was done to correct the output.
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Para los que quieran participar de un Grupo CTrader en Español poder compartir estrategias, indicadores e mucho más, aquí abajo les dejo el link.
Grupo CTrader en Español -->> https://t.me/ComunidadCtrader
using System;
using cAlgo.API;
using cAlgo.API.Indicators;
namespace cAlgo.Indicators
{
[Cloud("MACD", "Signal", Opacity = 0.2, FirstColor = "FF7CFC00")]
[Indicator(IsOverlay = false, TimeZone = TimeZones.UTC, AccessRights = AccessRights.None)]
public class MACDZeroLag : Indicator
{
[Output("Up Bullish", PlotType = PlotType.Histogram, LineColor = "ForestGreen", Thickness = 4)]
public IndicatorDataSeries StrongBullish { get; set; }
[Output("Down Bullish", PlotType = PlotType.Histogram, LineColor = "LawnGreen", Thickness = 4)]
public IndicatorDataSeries WeakBullish { get; set; }
[Output("Down Bearish", PlotType = PlotType.Histogram, LineColor = "Red", Thickness = 4)]
public IndicatorDataSeries StrongBearish { get; set; }
[Output("Up Bearish", PlotType = PlotType.Histogram, LineColor = "DarkSalmon", Thickness = 4)]
public IndicatorDataSeries WeakBearish { get; set; }
[Output("MACD", LineColor = "DodgerBlue", LineStyle = LineStyle.Lines)]
public IndicatorDataSeries MACD { get; set; }
[Output("Signal", LineColor = "Red", LineStyle = LineStyle.Lines, Thickness = 1)]
public IndicatorDataSeries Signal { get; set; }
[Parameter(DefaultValue = 12)]
public int periodFast { get; set; }
[Parameter(DefaultValue = 26)]
public int periodSlow { get; set; }
[Parameter(DefaultValue = 9)]
public int periodSignal { get; set; }
private ExponentialMovingAverage emaSlow;
private ExponentialMovingAverage emaSlow2;
private ExponentialMovingAverage emaFast;
private ExponentialMovingAverage emaFast2;
private ExponentialMovingAverage emaSignal;
private ExponentialMovingAverage emaSignal2;
private IndicatorDataSeries closePrice;
private IndicatorDataSeries macd;
protected override void Initialize()
{
closePrice = CreateDataSeries();
macd = CreateDataSeries();
emaSlow = Indicators.ExponentialMovingAverage(closePrice, periodSlow);
emaSlow2 = Indicators.ExponentialMovingAverage(emaSlow.Result, periodSlow);
emaFast = Indicators.ExponentialMovingAverage(closePrice, periodFast);
emaFast2 = Indicators.ExponentialMovingAverage(emaFast.Result, periodFast);
emaSignal = Indicators.ExponentialMovingAverage(macd, periodSignal);
emaSignal2 = Indicators.ExponentialMovingAverage(emaSignal.Result, periodSignal);
}
public override void Calculate(int index)
{
closePrice[index] = Bars.ClosePrices[index];
MACD[index] = (2 * emaFast.Result[index] - emaFast2.Result[index]) - (2 * emaSlow.Result[index] - emaSlow2.Result[index]);
macd[index] = MACD[index];
Signal[index] = (2 * emaSignal.Result[index] - emaSignal2.Result[index]);
double HistogramValue = MACD[index] - emaSignal.Result[index];
double prevHistogramValue = MACD[index - 1] - emaSignal.Result[index - 1];
if (HistogramValue > 0.0)
{
if (prevHistogramValue >= HistogramValue)
{
WeakBullish[index] = HistogramValue;
StrongBullish[index] = 0;
WeakBearish[index] = 0;
StrongBearish[index] = 0;
}
else
{
StrongBullish[index] = HistogramValue;
WeakBullish[index] = 0;
WeakBearish[index] = 0;
StrongBearish[index] = 0;
}
}
else if (HistogramValue < 0.0)
{
if (HistogramValue <= prevHistogramValue)
{
StrongBearish[index] = HistogramValue;
WeakBearish[index] = 0;
StrongBullish[index] = 0;
WeakBullish[index] = 0;
}
else
{
WeakBearish[index] = HistogramValue;
StrongBearish[index] = 0;
StrongBullish[index] = 0;
WeakBullish[index] = 0;
}
}
}
}
}
Renato Cavalcante
Joined 07.06.2019
- Type: free
- Language: C#
- Trading Platform: cTrader Automate
- Filename: MACD Zero Lag.algo
- Rating: 0
- Downloads: 2370
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Comments
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SO
Hello,
can I get your email for Enquires about this Indicator please.
Thanks
Hello,
I'm trying to improve this great indicator you released on here. I keep running into a brick wall
My aim is to add this indicator (for a higher timeframe) onto the current chart (M5).
I want to use it as a Divergence indicator. I have seen the other two you uploaded and have altered those ones, but this seems more promising.
Please help.