HPotter

Ergotic MACD Strategy

This is one of the techniques described by William Blau in his book
"Momentum, Direction and Divergence" (1995). If you like to learn more,
we advise you to read this book. His book focuses on three key aspects
of trading: momentum, direction and divergence. Blau, who was an electrical
engineer before becoming a trader, thoroughly examines the relationship
between price and momentum in step-by-step examples. From this grounding,
he then looks at the deficiencies in other oscillators and introduces some
innovative techniques, including a fresh twist on Stochastics. On directional
issues, he analyzes the intricacies of ADX and offers a unique approach to help
define trending and non-trending periods.

Blau`s indicator is like usual MACD, but it plots opposite of meaningof
stndard MACD indicator.

Open-source Skript

Ganz im Spirit von TradingView hat der Autor dieses Skripts es als Open-Source veröffentlicht, damit Trader es besser verstehen und überprüfen können. Herzlichen Glückwunsch an den Autor! Sie können es kostenlos verwenden, aber die Wiederverwendung dieses Codes in einer Veröffentlichung unterliegt den Hausregeln. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.

Haftungsausschluss

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Möchten Sie dieses Skript auf einem Chart verwenden?
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//  Copyright by HPotter v1.0 17/07/2014
// This is one of the techniques described by William Blau in his book
// "Momentum, Direction and Divergence" (1995). If you like to learn more,
// we advise you to read this book. His book focuses on three key aspects
// of trading: momentum, direction and divergence. Blau, who was an electrical
// engineer before becoming a trader, thoroughly examines the relationship 
// between price and momentum in step-by-step examples. From this grounding,
// he then looks at the deficiencies in other oscillators and introduces some
// innovative techniques, including a fresh twist on Stochastics. On directional 
// issues, he analyzes the intricacies of ADX and offers a unique approach to help 
// define trending and non-trending periods.
// Blau`s indicator is like usual MACD, but it plots opposite of meaningof
// stndard MACD indicator. 
////////////////////////////////////////////////////////////
study(title="Ergotic MACD Strategy")
r = input(32, minval=1)
SmthLen = input(5, minval=1)
hline(0, color=blue, linestyle=line)
source = close
fastMA = ema(source, r)
slowMA = ema(source, 5)
xmacd = fastMA - slowMA
xMA_MACD = ema(xmacd, 5)
pos =	iff(xmacd < xMA_MACD, 1,
	    iff(xmacd > xMA_MACD, -1, nz(pos[1], 0))) 
barcolor(pos == -1 ? red: pos == 1 ? green : blue )
plot(xmacd, color=green, title="Ergotic MACD")
plot(xMA_MACD, color=red, title="SigLin")