Macd Signal Line

[jaimeog]

Good Afternoon to everybody,

Could somebody please tell me how can I specify that
I want a simple moving average on the macd signal line
on my EFS study?

I don't see a parameter for it here.

macdSignal( fastLength, slowLength, smoothing [, source | sym() | inv()] [, barIndex] )

Have a great day,

Jaime

[buzzhorton]

Re: Macd Signal Line

Originally posted by jaimeog
Good Afternoon to everybody,

Could somebody please tell me how can I specify that
I want a simple moving average on the macd signal line
on my EFS study?

I don't see a parameter for it here.

macdSignal( fastLength, slowLength, smoothing [, source | sym() | inv()] [, barIndex] )

Have a great day,

Jaime

Part 1:

To Create a Series 

var myStudy1 = null; 
var myStudy2 = null; 
var myStudy3 = null; 
var bInit = false; 

function main() { 
var myVar1; 
var myVar2; 
var myVar3; 

   if ( bInit == false ) { 
       
      myStudy1 = macd( 12, 26, 9 ); 
      myStudy2 = macdSignal( 12, 26, 9 ); 
      myStudy3 = macdHist( 12, 26, 9 ); 

      bInit = true; 

   } 

   //retrieve the current values 
   myVar1 = myStudy1.getValue(0); 
   myVar2 = myStudy2.getValue(0); 
   myVar3 = myStudy3.getValue(0); 

   return new Array( myVar1, myVar2, myVar3 ); 

Now myVar2 is the macd signal line.

Part 2:

smasignal = sma( myVar2, 20) ;  // sma(20) of macd signal line. 

There may be a better way but I think this gets you what you want.

HTH.

[jaimeog]

simple moving average

Good Afternoon to everybody,

Could somebody please tell me how can I specify that
I want a simple moving average on the macd signal line
on my EFS study?

I don't see a parameter for it here.

macdSignal( fastLength, slowLength, smoothing [, source | sym() | inv()] [, barIndex] )

Have a great day,

Jaime

[ACM]

jaimeog
The efs2 version of the MACD uses only exponential averages which is why there is no parameter to set the type of average used for the MACD or Signal lines.
A workaround is to calculate the MACD using the builtin function and then compute a simple moving average of the MACD series as shown in the example enclosed below which is a revision of the basicMACD.efs that is provided in the EFS2 Basic folder of Formulas.
Alex

function preMain() {
    setPriceStudy(false);
    setStudyTitle("MACD");
    setCursorLabelName("MACD",0);
    setCursorLabelName("MACDSig",1);
    setCursorLabelName("MACDHist",2);
    setDefaultBarFgColor(Color.blue,0); 
    setDefaultBarFgColor(Color.red,1);
    setDefaultBarFgColor(Color.magenta,2); 
    setPlotType(PLOTTYPE_LINE,0);
    setPlotType(PLOTTYPE_LINE,1);
    setPlotType(PLOTTYPE_HISTOGRAM,2); 
    setDefaultBarThickness(1,0);
    setDefaultBarThickness(1,1);
    setDefaultBarThickness(1,2);
}

var myMACD = null;
var mySignal = null;

function main(){

    if(myMACD==null) myMACD = macd(12,26,9);
    if(mySignal==null) mySignal = sma(9,myMACD);
    
    if(myMACD.getValue(0)==null||mySignal.getValue(0)==null) return;
    
    var myHist = myMACD.getValue(0)-mySignal.getValue(0);

    return new Array (myMACD.getValue(0),mySignal.getValue(0),myHist);

}