Ergotic MACD

[eSignal]

File Name: Ergotic_MACD.efs

Description:
Ergotic MACD

Formula Parameters:
r : 32

Notes:
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.


Download File:
Ergotic_MACD.efs



EFS Code:

/*********************************
Provided By:  
    eSignal (Copyright c eSignal), a division of Interactive Data 
    Corporation. 2008. All rights reserved. This sample eSignal 
    Formula Script (EFS) is for educational purposes only and may be 
    modified and saved under a new file name.  eSignal is not responsible
    for the functionality once modified.  eSignal reserves the right 
    to modify and overwrite this EFS file with each new release.


Description:        
    Ergotic MACD 

Version:            1.0  01/12/2009

Formula Parameters:                     Default:
    r                                   32

Notes:
    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. 

**********************************/

var fpArray = new Array();
var bInit = false;

function preMain() {
    setStudyTitle("Ergotic_MACD");
    setCursorLabelName("ErgMACD", 0);
    setCursorLabelName("SigLin", 1);
    setDefaultBarFgColor(Color.fushcia, 0);
    setDefaultBarFgColor(Color.grey, 1);
    addBand(0, PS_SOLID, 1, Color.blue);
    
    var x=0;
    fpArray[x] = new FunctionParameter("r", FunctionParameter.NUMBER);
    with(fpArray[x++]){
        setLowerLimit(1);        
        setDefault(32);
    }
}

var xMACD = null;
var xMA_MACD = null;

function main(r) {
var nState = getBarState();

    if (nState == BARSTATE_ALLBARS) {
        if (r == null) r = 32;
    }
    
    if ( bInit == false ) { 
        xMACD = macd(r, 5, 5);
        xMA_MACD = ema(5, xMACD);
        bInit = true; 
    } 
    
    if (xMA_MACD.getValue(0) == null) return;
    
    return new Array(xMACD.getValue(0), xMA_MACD.getValue(0));
}