Schwab MACD Histogram Daily Timeframe End of Day Entry and Exit

[Mike]

Hello...not being an expert coder, I would like to modify this code
https://usethinkscript.com/threads/basic-scoring-system.4954/
to create a strategy. Any help would be appreciated.

Here is my logic:

MACD Histogram - Daily Timeframe - End of Day Entry and Exit
MACD Line: (12-day EMA - 26-day EMA)
Signal Line: 9-day EMA of MACD Line
MACD Histogram: MACD Line - Signal Line

Condition 1: SPX Closing price is > SMA5
Condition 2: SPX Closing price is > SMA10
Condition 3: MACD Histogram is > 0
If Condition 1 AND 2 AND 3 then Buy to Open

Condition 4: SPX Closing price is < SMA5
Condition 5: SPX Closing price is < SMA10
Condition 6: MACD Histogram is < 0
If Condition 4 AND 5 AND 6 then Sell to Close

Thank you.


the code is as follows:

# https://usethinkscript.com/threads/addorder-thinkscript-backtest-buy-sell-#in-thinkorswim.741/
# https://usethinkscript.com/threads/basic-scoring-system.4954/
# Multiple Variables Scoring System - MS 10/30/23

declare lower;

# SMA5PriceVariables
   input price5 = close;
   input length5 = 5;
   input displace5 = 0;

# SMA10PriceVariables
   input price10 = close;
   input length10 = 10;
   input displace10 = 0;
 
# MACD HistogramVariables
   input fastLength = 12;
   input slowLength = 26;
   input MACDLength = 9;
   input DiffLength = 9;
   def SMAPrice5 = Average(price5[-displace5], length5);
   def SMAPrice10 = Average(price10[-displace10], length10);
   def Diff = MACD(fastLength, slowLength, MACDLength, averageType.exponential).Diff;

# Variables Scoring
   def ScoreSMAPrice5 = if close > SMAPrice5 then 1 else 0;
   def ScoreSMAPrice10 = if close > SMAPrice10 then 1 else 0;
   def ScoreDiff = if Diff > 0 then 1 else 0;
   plot FinalScore = (ScoreSMAPrice5+ScoreSMAPrice10+ScoreDiff);

# End Script

A screenshot of the indicator follows:

https://imgur.com/SgM5UPY