Phillip Nel's 4 hour MACD strategy indicator

[plaforte]

Hi, has anybody programmed this indicator for FT ?

Thank you
Pierre

[Feliks]

Hi, has anybody programmed this indicator for FT ?

Thank you
Pierre

Where you found this strategy there was the indicator you want

[Everfree]

It's just a two color MACD histogram that shows when it is increasing or decreasing. The ForexTester MACD is fine except that the histogram is only one color so it is not as easy to see when the direction has changed.

Phillip Nel's 4H MACD Strategy is here: http://www.forexfactory.com/showthread.php?t=14630

[FT Support]

Can you post your indicator in MT4 format here? maybe someone will be able to convert it into Forex Tester format.

[Everfree]

MACD_H4_300_v100_2 is a free indicator available on several forums. I compiled it with the colors I like but they can be easily changed.
To use in MT4, save the code as MACD_H4_300_v100_2.mq4

Code: Select all

//+------------------------------------------------------------------+
//|                                                  Custom MACD.mq4 |
//+------------------------------------------------------------------+
#property  copyright "Copyright © 2007, Igor Morozov"
#property  link      "http://www.herbspirit.com/mql"
//---- indicator settings
#property  indicator_separate_window
#property  indicator_buffers 3
#property  indicator_color1  LightSeaGreen
#property  indicator_color2  Magenta
#property  indicator_color3  Silver
#property  indicator_style3  STYLE_SOLID
#property  indicator_level1  0   
#property  indicator_levelcolor  Silver
#property  indicator_levelstyle  STYLE_SOLID
//---- indicator parameters
extern int FastEMA=5;
extern int SlowEMA=13;
extern int SignalSMA=1;
//---- indicator buffers
double     MacdBuffer[];
double     MacdBufferUp[];
double     MacdBufferDn[];
double     SignalBuffer[];

//+------------------------------------------------------------------+
//| Custom indicator initialization function                         |
//+------------------------------------------------------------------+
int init()
  {
//---- drawing settings
   SetIndexStyle(0,DRAW_HISTOGRAM);
   SetIndexStyle(1,DRAW_HISTOGRAM);
   SetIndexStyle(2,DRAW_LINE);
   SetLevelValue(0,0);
   SetIndexDrawBegin(1,SignalSMA);
   IndicatorDigits(Point+1);
//---- indicator buffers mapping
   SetIndexBuffer(0,MacdBufferUp);
   SetIndexBuffer(1,MacdBufferDn);
   SetIndexBuffer(2,SignalBuffer);
//---- name for DataWindow and indicator subwindow label
   IndicatorShortName("MACD H4-300("+FastEMA+","+SlowEMA+","+SignalSMA+")");
   SetIndexLabel(0,"MACD UP");
   SetIndexLabel(1,"MACD DN");
   SetIndexLabel(2,"Signal");
//---- initialization done
   return(0);
  }
//+------------------------------------------------------------------+
//| Moving Averages Convergence/Divergence                           |
//+------------------------------------------------------------------+
int start()
  {
   int limit;
   int counted_bars=IndicatorCounted();
//---- last counted bar will be recounted
   if(counted_bars>0) counted_bars--;
   limit=Bars-counted_bars;
   int macdlimit=limit;
   if(macdlimit<Bars-5)
      macdlimit+=5;
   ArrayResize(MacdBuffer,macdlimit);
   ArraySetAsSeries(MacdBuffer,true);
//---- macd counted in the 1-st buffer
   for(int i=0; i<macdlimit; i++) {
      MacdBuffer[i]=(iMA(NULL,0,FastEMA,0,MODE_EMA,PRICE_CLOSE,i)-
            iMA(NULL,0,SlowEMA,0,MODE_EMA,PRICE_CLOSE,i))/Point;
//      Print("MACDBUFFER=",MacdBuffer[i]);
   }
   for(i=0;i<limit;i++)
   {
      int j=i+1;
      while(MacdBuffer[i]==MacdBuffer[j]&&j-i<=5)
         j++;
      if(MacdBuffer[i]>MacdBuffer[j])
      {
         MacdBufferUp[i]=MacdBuffer[i];
         MacdBufferDn[i]=0;
      }
      else
      {
         MacdBufferDn[i]=MacdBuffer[i];
         MacdBufferUp[i]=0;
      }
   }
//---- signal line counted in the 2-nd buffer
   for(i=0; i<limit; i++)
      SignalBuffer[i]=iMAOnArray(MacdBuffer,Bars,SignalSMA,0,MODE_SMA,i);
//---- done
   return(0);
  }
//+------------------------------------------------------------------+


[christoff]

I am quite sure I did something like that (with the help of someone in this forum).

Its name is something like MACD Color, can't remember.

Just search the forum, I am sure I posted it somewhere quite some time ago.

Enjoy

[christoff]

Sorry,

My memory failed me. I think the credit has to go to dackjaniels, he created what i think you are looking for.

See the thread: "Custom MACD (based on Elder's impulse system)"

http://www.forextester.com/forum/viewto ... highlight=

Look towards the end of the thread, there you will find what you are looking for. The file is: "MACD_BD_Color Two tone plus EMA.zip"

Cheers