MACD Enhanced Strategy MTF with Stop Loss [LTB]

2019年2月20日

I developed this script to analyse MACD, MACD Signal, MACD Histogram movements by using current and higher time frame. Script calculates higher time frame automatically, no manuel entry. I also added trailing stop loss line. You can change the parameters as you wish ;)

btw. you should know that MACD is more successful when there is trend.

If you like it please comment and check out my other scripts.

2019年2月20日

リリースノート

A few corrections in the code.

2019年2月21日

リリースノート

a few improvements and made optional trailing stop loss line optional.

2021年11月15日

リリースノート

upgraded.

many users asking the source code, here it's, you can use it as you wish

// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © LonesomeTheBlue

//@version=4
strategy("MACD Enhanced Strategy MTF with Stop Loss [LTB]", overlay=true)

fastLength = input(title="MACD Fast Length", defval=12, minval=1)
slowLength = input(title="MACD Slow Length", defval=26, minval=1)
signalLength = input(title="MACD Signal Length", defval=9, minval=1)
crossscore = input(title="Cross (buy/sell) Score", defval=10.)
indiside = input(title="indicator Direction Score", defval=8)
histside = input(title="Histogram Direction Score", defval=2)
shotsl = input(title="Show Stop Loss Line", defval=false)
Mult = input(title="Stop Loss Factor", defval=1.2, type=input.float, minval=0.1, maxval=100)
Period = input(title="Stop Loss Period", defval=10, minval=1, maxval=100)
lookaheadi = input(title = "Lookahead", defval = true)

HTF = timeframe.period == '1' ? '5' : 
   timeframe.period == '3' ? '15' : timeframe.period == '5' ? '15' : 
   timeframe.period == '15' ? '60' : timeframe.period == '30' ? '60' : 
   timeframe.period == '45' ? '60' : timeframe.period == '60' ? '240' : 
   timeframe.period == '120' ? '240' : timeframe.period == '180' ? '240' : 
   timeframe.period == '240' ? 'D' : timeframe.period == 'D' ? 'W' : 'W'

calc = timeframe.period == '1' ? 5 : 
   timeframe.period == '3' ? 5 : timeframe.period == '5' ? 3 : 
   timeframe.period == '15' ? 4 : timeframe.period == '30' ? 4 : 
   timeframe.period == '45' ? 4 : timeframe.period == '60' ? 4 : 
   timeframe.period == '120' ? 3 : timeframe.period == '180' ? 3 : 
   timeframe.period == '240' ? 6 : timeframe.period == 'D' ? 5 : 1

count() =>
    indi = ema(close, fastLength) - ema(close, slowLength)
    signal = ema(indi, signalLength)
    Anlyse = 0.0
    // direction of indi and histogram
    hist = indi - signal
    Anlyse := indi > indi[1] ? hist > hist[1] ? indiside + histside : 
       hist == hist[1] ? indiside : indiside - histside : 0
    Anlyse := Anlyse + (indi < indi[1] ? hist < hist[1] ? -(indiside + histside) : 
       hist == hist[1] ? -indiside : -(indiside - histside) : 0)
    Anlyse := Anlyse + 
       (indi == indi[1] ? hist > hist[1] ? histside : hist < hist[1] ? -histside : 0 : 0)
    // cross now earlier ?
    countcross = indi >= signal and indi[1] < signal[1] ? crossscore : 
       indi <= signal and indi[1] > signal[1] ? -crossscore : 0.
    countcross := countcross + nz(countcross[1]) * 0.6
    Anlyse := Anlyse + countcross
    nz(Anlyse)

Anlys = count()
AnlysHfrm = lookaheadi ? security(syminfo.tickerid, HTF, count(), lookahead = barmerge.lookahead_on) : 
                         security(syminfo.tickerid, HTF, count(), lookahead = barmerge.lookahead_off)
Result = (AnlysHfrm * calc + Anlys) / (calc + 1)

longCondition = change(Result) != 0 and Result > 0
if longCondition
    strategy.entry("MACD Long", strategy.long)

shortCondition = change(Result) != 0 and Result < 0
if shortCondition
    strategy.entry("MACD Short", strategy.short)

countstop(pos) =>
    Upt = hl2 - Mult * atr(Period)
    Dnt = hl2 + Mult * atr(Period)
    TUp = 0.
    TDown = 0.
    TUp := close[1] > TUp[1] ? max(Upt, TUp[1]) : Upt
    TDown := close[1] < TDown[1] ? min(Dnt, TDown[1]) : Dnt
    tslmtf = pos == 1 ? TUp : TDown
    tslmtf

pos = longCondition ? 1 : -1
stline = 0.
countstop__1 = countstop(pos)
security_1 = security(syminfo.tickerid, HTF, countstop__1)
stline := change(time(HTF)) != 0 or longCondition or shortCondition ? security_1 : 
   nz(stline[1])
plot(stline, color=shotsl ? color.gray : na, style=plot.style_line, linewidth=2, title="Stop Loss")

P.S. I don't recommend this strategy