Crossovers of a weekly MACD - Wealth Lab Forum

Crossovers of a weekly MACD

Author: pundowealth

Creation Date: 10/17/2008 7:06 PM

Wealth Lab » Trading Strategies » Crossovers of a weekly MACD

pundowealth

10/17/2008 7:06 PM

What I basically want to do is go long on a positive cross over and short on a negative cross over set to a weekly MACD at 15,20,5 setting. This is what I did & since this is my first try can anyone tell me what I did right or WRONG, thanks!

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What I basically want to do is go long on a positive cross over and short on a negative cross over set to a weekly MACD at 15,20,5 setting. This is what I did  & since this is my first try can anyone tell me what I did right or WRONG,  thanks!

[CODE]using System;
using System.Collections.Generic;
using System.Text;
using System.Drawing;
using WealthLab;
using WealthLab.Indicators;

namespace WealthLab.Strategies
{
	public class MyStrategy : WealthScript
	{
		
		protected override void Execute()
		{
			DataSeries macd = MACD.Series(Close);
			DataSeries signal = EMA.Series(macd, 5, EMACalculation.Modern);
			DataSeries macd_1 = MACD.Series(Close);
			DataSeries signal_2 = EMA.Series(macd_1, 5, EMACalculation.Modern);
			DataSeries macd_3 = MACD.Series(Close);
			DataSeries signal_4 = EMA.Series(macd_3, 5, EMACalculation.Modern);
			DataSeries macd_5 = MACD.Series(Close);
			DataSeries signal_6 = EMA.Series(macd_5, 5, EMACalculation.Modern);

ChartPane paneMACD = CreatePane(75,true,true);
			PlotSeries(paneMACD,macd,Color.Maroon,LineStyle.Solid,2);
			PlotSeries(paneMACD,signal,Color.Black,LineStyle.Solid,1);
			PlotSeries(paneMACD,macd_1,Color.Maroon,LineStyle.Solid,2);
			PlotSeries(paneMACD,signal_2,Color.Black,LineStyle.Solid,1);
			PlotSeries(paneMACD,macd_3,Color.Maroon,LineStyle.Solid,2);
			PlotSeries(paneMACD,signal_4,Color.Black,LineStyle.Solid,1);
			PlotSeries(paneMACD,macd_5,Color.Maroon,LineStyle.Solid,2);
			PlotSeries(paneMACD,signal_6,Color.Black,LineStyle.Solid,1);

for(int bar = 6; bar < Bars.Count; bar++)
			{
					if (CrossOver(bar, macd_3, signal_4))
					{
						ShortAtMarket(bar + 1, "Group2|");
					}
					if (CrossUnder(bar, macd, signal))
					{
						BuyAtMarket(bar + 1, "Group1|");
					}
				
				for(int _pos = ActivePositions.Count - 1; _pos >= 0; _pos--)
				{
					Position p = ActivePositions[_pos];
					if (p.Active)
						{
					if (p.EntrySignal.Contains("Group2|"))
					{
						if (CrossUnder(bar, macd_5, signal_6))
						{
							CoverAtMarket(bar + 1, p, "Group2");
						}
					}
					if (p.EntrySignal.Contains("Group1|"))
					{
						if (CrossOver(bar, macd_1, signal_2))
						{
							SellAtMarket(bar + 1, p, "Group1");
						}
					}

}
				}
			}
		}
	}
}[/CODE]

Eugene

10/18/2008 1:49 AM

Here's an optimized version:

CODE:
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However, MACD parameters in Wealth-Lab are fixed at the original numbers 12,26. There are two solutions; for more details, see it answered in WL5 Wiki FAQ:
How do I create MACD indicator with custom parameters?

pundowealth

10/26/2008 1:03 PM

Thanks Eugene for your help & I'll start working on the customization of the MACD.

pundowealth

10/26/2008 2:09 PM

I tried to use the Community Indicators. 1st downloaded them & unzipped them. Next I saved them to Program Files\Fidelity Investments\Wealth-Lab Pro 5. Then I started up Wealth Lab & I was expecting when I selected "MACD Crosses below signal line" the Parameters(change rule parameters below) would facilitate the use of the 15,20,5 setting that I was looking for.

Did I install the program wrong or am I misunderstanding how it is to be used??

Or would the best approach be to just change the code to reflect the MACD that I am looking for??

Thanks

Eugene

10/26/2008 2:42 PM

QUOTE:
I was expecting when I selected "MACD Crosses below signal line" the Parameters(change rule parameters below) would facilitate the use of the 15,20,5 setting that I was looking for.

An indicator library doesn't affect the Rule Wizard per se - that's the WealthLab.Rules.dll prerogative.

To use any custom indicator in a rule-based strategy, you simply need to select a condition under "General Indicators" and then pick an indicator (i.e. MACDEx) from the dialog box. Notice the label that says "Click here to select an indicator".