MACD using Bolinger Bands - Wealth Lab Forum

MACD using Bolinger Bands

Author: thetraderman

Creation Date: 7/17/2011 3:58 PM

Wealth Lab » Technical Indicators » MACD using Bolinger Bands

thetraderman

7/17/2011 3:58 PM

I came up this interesting indicator that uses Bolinger Bands around a MACD. They actually use little dots on the MACD signal which changes colors as the momentum accelerates in one direstion or another. They call it Bee Bee's. I'm trying to figure out how I can use crossover and crossunder to show when the MACD line itself (not MACD signal) crosses its own Bolinger Bands but I can't seem to get it to work. Maybe Cane or Eugene can take a look. I left out the exit logic not to complicate the code. I just want to know if I'm using the CrossOver/Under properly and if not how can we fix it.

One other thing, I wanted to use MACDEx to vary the inputs to MACD but the compiler says the indicator does not exist. I did not see any other inidicator in the wiki so has it been removed?

Thanks.

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I came up this interesting indicator that uses Bolinger Bands around a MACD.  They actually use little dots on the MACD signal which changes colors as the momentum accelerates in one direstion or another.  They call it Bee Bee's.  I'm trying to figure out how I can use crossover and crossunder to show when the MACD line itself (not MACD signal) crosses its own Bolinger Bands but I can't seem to get it to work.  Maybe Cane or Eugene can take a look.  I left out the exit logic not to complicate the code.  I just want to know if I'm using the CrossOver/Under properly and if not how can we fix it.

One other thing, I wanted to use MACDEx to vary the inputs to MACD but the compiler says the indicator does not exist.  I did not see any other inidicator in the wiki so has it been removed?

Thanks.

[CODE]using System;
using System.Collections.Generic;
using System.Text;
using System.Drawing;
using WealthLab;
using WealthLab.Indicators;
using System.IO;
using System.Media;
using System.Windows.Forms;

namespace WealthLab.Strategies
{
	
	class ElliottWaveStrategy : WealthScript
	{	
	
		
		
		// Main Loop
		protected override void Execute()
		{
			HideVolume();
			ClearDebug();
			PlotStops();
			PadBars(30);
			
			
			DataSeries macd = MACD.Series(Close);
			DataSeries lower_BB = BBandLower.Series(macd, 10, 1.0);
			DataSeries upper_BB = BBandUpper.Series(macd, 10, 1.0);
			PlotSeries(macdPane, macd, Color.Red, LineStyle.Solid, 1);
			PlotSeries(macdPane, lower_BB, Color.Black, LineStyle.Solid, 1);
			PlotSeries(macdPane, upper_BB, Color.Black, LineStyle.Solid, 1);

for(int bar = 26 * 3; bar < Bars.Count; bar++)
			{
						
						if (IsLastPositionActive)		
						{	// EXITS ARE HERE (SELL/STOPS)	
							
							p = LastPosition;	
								
							
							//EXIT LONG		
							if(p.PositionType == PositionType.Long)
							{	
								//Exit Long Logic Here
							}
								
								
													
				
							// Exit Short Logic Here
							if(p.PositionType == PositionType.Short)
							{			
								//Cover SHORT - EXIT SHORT 
										
							}
						
					
						}		
						else // Enter new Positions Here
						{			
							//GO LONG
							
							
										if(CrossOver(bar, macd, lower_BB ))
										{
											if((BuyAtMarket(bar+1)) != null)
												SaveLogs(log_path, "", "BUY", 0, 0, "", 0, (bar), 0, 0);
										}
							
					
							           // GO SHORT
							
										if(CrossUnder(bar, macd, upper_BB ))
										{
											
											if(ShortAtMarket(bar+1) != null)
												SaveLogs(log_path, "", "SHORT", 0, 0, "", 0, (bar), 0, 0);
										}
												
						}		
	
		    }
				
		} //execute
		
	} //ElliottWaveStrategy
}//namespace[/CODE]

Eugene

7/17/2011 4:50 PM

QUOTE:
how I can use crossover and crossunder to show when the MACD line itself (not MACD signal) crosses its own Bolinger Bands but I can't seem to get it to work.

No need for a fix: it's not broken. The MACD line itself actually crosses its own BBs.

QUOTE:
One other thing, I wanted to use MACDEx to vary the inputs to MACD but the compiler says the indicator does not exist.

Either Community Indicators library isn't installed or you didn't include a using directive (using Community.Indicators). Well, can be both at the same time.