Master MACD Double Hist-Trigger
The Master MACD Double Hist-Trigger AFL in Amibroker combines MACD indicators with double histogram triggers for trade signal generation. Leveraging amibroker data feed functionalities enables traders to identify potential trend reversals or continuations using MACD-based signals. This AFL assists traders in making informed decisions based on the interaction between MACD histograms and trigger points.
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_SECTION_BEGIN("MACD DOUBLE HIST TRIGGER_12-26-9_501009");
//r1 = Param( "Fast avg", 12, 2, 200, 1 );
//r2 = Param( "Slow avg", 26, 2, 200, 1 );
//r3 = Param( "Signal avg", 9, 2, 200, 1 );
ml = MACD(12, 26);
sl = Signal(12,26,9);
//Plot( ml = MACD(r1, r2), StrFormat(_SECTION_NAME()+"(%g,%g)", r1, r2), colorYellow, ParamStyle("MACD style") );
//Plot( sl = Signal(r1,r2,r3), "Signal" + _PARAM_VALUES(), colorTeal, ParamStyle("Signal style") );
hist=ml-sl;
Colorhist=IIf(hist>Ref(hist,-1),colorBrightGreen,colorRed);
Plot( hist, "TRIGGER_MACD Histogram", Colorhist, styleNoTitle | ParamStyle("Histogram style", styleHistogram | styleThick| styleNoLabel, maskHistogram ) );
Plot( hist, "", Colorhist, styleNoTitle| styleThick | styleNoLabel, maskHistogram );
//////////////////////////////////////////MACD Hist_50-100-9//////////////////////////////////////////////////////////////////////////////////
//_SECTION_BEGIN("MACD Hist_60-120-9");
//Br1 = Param( "Fast avg", 60, 2, 200, 1 );
//Br2 = Param( "Slow avg", 120, 2, 200, 1 );
//Br3 = Param( "Signal avg", 9, 2, 200, 1 );
Bml = MACD(50, 100);
Bsl = Signal(50, 100,9);
//Plot( ml = MACD(r1, r2), StrFormat(_SECTION_NAME()+"(%g,%g)", r1, r2), colorYellow, ParamStyle("MACD style") );
//Plot( sl = Signal(r1,r2,r3), "Signal" + _PARAM_VALUES(), colorTeal, ParamStyle("Signal style") );
histB=Bml-Bsl;
//ColorhistB=IIf(histB>Ref(histB,-1),colorGreen,colorDarkRed);
//Plot( histB, "HistoB", ColorhistB, styleNoTitle | ParamStyle("Histogram style", styleHistogram | styleNoLabel, maskHistogram ) );
//ColorHistB=IIf( uptrend, ColorRGB(10,200,20), ColorRGB(30,10,20));
ColorHistBB=IIf(histB>Ref(histB,-1),ColorRGB(10,180,50),ColorRGB(170,10,50));
Plot( histB, "", ColorHistBB, styleNoTitle| styleThick | styleNoLabel, maskHistogram );
ColorHistB=IIf(histB>Ref(histB,-1),ColorRGB(10,80,50),ColorRGB(70,10,50));
PlotOHLC( 0, histB , 0 ,0 , "", ColorHistB, styleCloud|styleNoLabel);
_SECTION_END();