MACD Histogram - Change in Direction
This AFL, using Amibroker data feed, specifically focuses on identifying shifts in the direction of the MACD histogram. It aids traders in spotting changes in momentum, crucial for anticipating potential trend reversals.
/
//
// This indicator shows the value of tomorrow's Closing Price in order for the
// slope of the MACD Histogram to change Direction. (ie. changing from a
// positive slope to a negative slope or changing from a negative slope to a
// positive slope)
//
//------------------------------------------------------------------------------
_SECTION_BEGIN("MACD");
GraphXSpace = 8;
r1 = Param( "Fast avg", 12, 2, 200, 1 );
r2 = Param( "Slow avg", 26, 2, 200, 1 );
r3 = Param( "Signal avg", 9, 2, 200, 1 );
mm = MACD(r1, r2);
ms = Signal(r1, r2, r3);
f1 = ((r3+1)*MM-2*MS)/(r3-1);
f2 = EMA(C,r1)*(r1-1)/(r1+1);
f3 = EMA(C,r2)*(r2-1)/(r2+1);
f4 = 2/(r1+1) - 2/(r2+1);
dcv = (f1-f2+f3)/ f4;
Plot(dcv,"",4);
PlotOHLC(O,H,L,C,"",1,styleCandle);
Title = Name() + " - " + FullName() + " - " + Date() + " - Close = " + WriteVal(C,0.3) + " - DCV = " + WriteVal(dcv,0.3);
_SECTION_END();