5% Gain from when MACD Diff Goes Above Zero

Tomahawk6117

Member
Plus
Hi everyone,

I would please like to create a script that will execute when the price increases 5% from when the MACD Diff goes above zero for the first time during regular trading hours. In the coding section below I have inserted the code for when MACD Diff goes above zero, I am just not sure how to specify when it occurs for the first time after the market open (9:30 a.m.) and how to identify the price for the open of this specific candle.

Code:
def d = MACDHistogram().diff;
def goodMACD = d > 0;

An example of what I am looking to achieve would be, if the price was $1.00 when the MACD Diff went above zero then I would want to sell when the stock price was $1.05. Would someone be able to help me with this please? I have included an image here to describe what I am looking to achieve. Thank you very much for your time and help.

nKUz2lQ.jpeg
 
Last edited:
Solution
Hi everyone,

I would please like to create a script that will execute when the price increases 5% from when the MACD Diff goes above zero for the first time during regular trading hours. In the coding section below I have inserted the code for when MACD Diff goes above zero, I am just not sure how to specify when it occurs for the first time after the market open (9:30 a.m.) and how to identify the price for the open of this specific candle.

Code:
def d = MACDHistogram().diff;
def goodMACD = d > 0;

An example of what I am looking to achieve would be, if the price was $1.00 when the MACD Diff went above zero then I would want to sell when the stock price was $1.05. Would someone be able to help me with this please? I have included...
Hi everyone,

I would please like to create a script that will execute when the price increases 5% from when the MACD Diff goes above zero for the first time during regular trading hours. In the coding section below I have inserted the code for when MACD Diff goes above zero, I am just not sure how to specify when it occurs for the first time after the market open (9:30 a.m.) and how to identify the price for the open of this specific candle.

Code:
def d = MACDHistogram().diff;
def goodMACD = d > 0;

An example of what I am looking to achieve would be, if the price was $1.00 when the MACD Diff went above zero then I would want to sell when the stock price was $1.05. Would someone be able to help me with this please? I have included an image here to describe what I am looking to achieve. Thank you very much for your time and help.

here is something to try
i changed the percent to be 0.5% , because for most stocks, a 5% move will not be attained
draws 2 horizontal lines, at buy level and at a sell level, at x% higher.
draw a white dot at target price


Code:
#macd_cross_buy

#https://usethinkscript.com/threads/5-gain-from-when-macd-diff-goes-above-zero.18872/
#5% Gain from when MACD Diff Goes Above Zero

def na = double.nan;
def bn = barnumber();

def NewDay = GetDay() != GetDay()[1];
def start = 930;
def end = 1600;
def daytime = if ( SecondsFromTime(start) >= 0 and Secondstilltime(end) > 0 ) then 1 else 0;

# macd-------------------
input fastLength = 12;
input slowLength = 26;
input MACDLength = 9;
input averageType = AverageType.EXPONENTIAL;
def Value = MovingAverage(averageType, close, fastLength) - MovingAverage(averageType, close, slowLength);
def Avg = MovingAverage(averageType, Value, MACDLength);
def Diff = Value - Avg;
#-----------------------

def goodMACD = diff crosses above 0;

def open1 = if bn == 1 then 0
else if newday then 0
else if open1[1] > 0 then open1[1]
else if daytime and goodMACD then open
else open1[1];

input percent_gain = .50;

def target1 = if bn == 1 then 0
else if newday then 0
else if open1 > 0 then (open1 * (1 + (percent_gain /100)))
else target1[1];

plot zopen = if open1 > 0 then open1 else na;
zopen.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);

plot ztarget1 = if target1 > 0 then target1 else na;
ztarget1.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);

def sell = if target1 > 0 and close crosses above target1 then 1 else 0;
#def sell = if target1 > 0 and high > target1 and low < target1 then 1 else 0;

Alert(sell, "sell",  Alert.BAR, sound.ding);

plot zselldot = if sell then target1 else na;
zselldot.setPaintingStrategy(PaintingStrategy.POINTS);
#zselldot.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
zselldot.SetDefaultColor(Color.white);
zselldot.setlineweight(3);
zselldot.hidebubble();
#
 

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Solution
here is something to try
i changed the percent to be 0.5% , because for most stocks, a 5% move will not be attained
draws 2 horizontal lines, at buy level and at a sell level, at x% higher.
draw a white dot at target price


Code:
#macd_cross_buy

#https://usethinkscript.com/threads/5-gain-from-when-macd-diff-goes-above-zero.18872/
#5% Gain from when MACD Diff Goes Above Zero

def na = double.nan;
def bn = barnumber();

def NewDay = GetDay() != GetDay()[1];
def start = 930;
def end = 1600;
def daytime = if ( SecondsFromTime(start) >= 0 and Secondstilltime(end) > 0 ) then 1 else 0;

# macd-------------------
input fastLength = 12;
input slowLength = 26;
input MACDLength = 9;
input averageType = AverageType.EXPONENTIAL;
def Value = MovingAverage(averageType, close, fastLength) - MovingAverage(averageType, close, slowLength);
def Avg = MovingAverage(averageType, Value, MACDLength);
def Diff = Value - Avg;
#-----------------------

def goodMACD = diff crosses above 0;

def open1 = if bn == 1 then 0
else if newday then 0
else if open1[1] > 0 then open1[1]
else if daytime and goodMACD then open
else open1[1];

input percent_gain = .50;

def target1 = if bn == 1 then 0
else if newday then 0
else if open1 > 0 then (open1 * (1 + (percent_gain /100)))
else target1[1];

plot zopen = if open1 > 0 then open1 else na;
zopen.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);

plot ztarget1 = if target1 > 0 then target1 else na;
ztarget1.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);

def sell = if target1 > 0 and close crosses above target1 then 1 else 0;
#def sell = if target1 > 0 and high > target1 and low < target1 then 1 else 0;

Alert(sell, "sell",  Alert.BAR, sound.ding);

plot zselldot = if sell then target1 else na;
zselldot.setPaintingStrategy(PaintingStrategy.POINTS);
#zselldot.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
zselldot.SetDefaultColor(Color.white);
zselldot.setlineweight(3);
zselldot.hidebubble();
#
Hi @halcyonguy this is awesome, thank you so much for taking the time to work on this, I really appreciate it.
 

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