Trading Rush MACD 200 EMA Strategy 62% Win Rate For ThinkOrSwim

[dmaffo]

Edit: My mistake, I think I see what the issue is, it's taking the signal from the first candle when I enter on the 2nd (so there's no repainting). Can the code be manipulated to show arrows on the 2nd candle open?
View attachment 989

Script for this one is which one? I tried saving all the above and none gave me this picture? Thanks

 

[irishgold]

@dmaffo , you are not really looking at a script. Upper panel is price crossing above EMA, 50 or 200 whatever is set. The lower panel is a simple macd histogram with green(above 0 bars) to get the same view add ema then add macd histogram

 

[Thomas]

Edit: My mistake, I think I see what the issue is, it's taking the signal from the first candle when I enter on the 2nd (so there's no repainting). Can the code be manipulated to show arrows on the 2nd candle open?
View attachment 989
Attached is an example of the indicator not signaling with the 50 EMA.

input fastLength = 8;
input slowLength = 17;
input macdLength = 9;
input averageType = AverageType.EXPONENTIAL;
input price = close;
input EMAperiod = 50;
Def trendma = ExpAverage(price, EMAperiod);
#trendma.SetDefaultColor(Color.Cyan);
def signal = reference MACD(fastLength, slowLength, macdLength, averageType).Avg;
def macd = reference MACD(fastLength, slowLength, macdLength, averageType).Value;
plot buymacd = macd crosses above signal within 2 bars and low > trendma and macd[1] < 0;
buymacd.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
buymacd.setDefaultColor(Color.Green);
#plot sellmacd = macd crosses below signal and high < trendma and macd [1] > 0;
#sellmacd.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_Down);
#sellmacd.setDefaultColor(Color.Red);

 

[Thomas]

input fastLength = 8;
input slowLength = 17;
input macdLength = 9;
input averageType = AverageType.EXPONENTIAL;
input price = close;
input EMAperiod = 50;
Def trendma = ExpAverage(price, EMAperiod);
#trendma.SetDefaultColor(Color.Cyan);
def signal = reference MACD(fastLength, slowLength, macdLength, averageType).Avg;
def macd = reference MACD(fastLength, slowLength, macdLength, averageType).Value;
plot buymacd = macd crosses above signal within 2 bars and low > trendma and macd[1] < 0;
buymacd.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
buymacd.setDefaultColor(Color.Green);
#plot sellmacd = macd crosses below signal and high < trendma and macd [1] > 0;
#sellmacd.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_Down);
#sellmacd.setDefaultColor(Color.Red);

BBIG, KOSS for today Oct2021

 

[Thomas]

I decided to make an account today because I was pleased viewing this thread. I use the exact strategy with ETF's and futures, but using a 50 EMA instead of 200. Has been working well for me.

I wanted to know why when I change the input from 200 EMA to 50 EMA it doesn't signal correctly. Does anyone know how to fix this?

input fastLength = 12;
input slowLength = 26;
input macdLength = 9;
input averageType = AverageType.EXPONENTIAL;
input price = close;
input EMAperiod = 50;
plot trendma = ExpAverage(price, EMAperiod);
trendma.SetDefaultColor(Color.Cyan);
def signal = reference MACD(fastLength, slowLength, macdLength, averageType).Avg;
def macd = reference MACD(fastLength, slowLength, macdLength, averageType).Value;
plot buymacd = macd crosses above signal and low > trendma and macd[1] < 0;
buymacd.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
buymacd.setDefaultColor(Color.Green);
plot sellmacd = macd crosses below signal and high < trendma and macd [1] > 0;
sellmacd.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_Down);
sellmacd.setDefaultColor(Color.Red);

@irishgold @MerryDay

One last thought, after watching TradingRush and the backtesting, then the results, you changed the settings,..... now you will have to backtest to understand if your change returns or surpasses previous results?

 

[Thomas]

Edit: My mistake, I think I see what the issue is, it's taking the signal from the first candle when I enter on the 2nd (so there's no repainting). Can the code be manipulated to show arrows on the 2nd candle open?
View attachment 989
Attached is an example of the indicator not signaling with the 50 EMA.

You mind sharing your chart set up? I am using MerryDay set up/watchlist with a GaussianMACD and overlaid the TradingRush signals. Then there's the watchlist with Gaussian,......not good. Example is easily visual in the watchlist, and I will see if I can substitute signal????????

 

[FuturesTrader7]

You mind sharing your chart set up? I am using MerryDay set up/watchlist with a GaussianMACD and overlaid the TradingRush signals. Then there's the watchlist with Gaussian,......not good. Example is easily visual in the watchlist, and I will see if I can substitute signal????????

Hey Thomas,

Sorry I haven't been as active.

Absolutely I'll attached the link below.

https://tos.mx/dFG284w

 

[Goldenboy7115]

I added volume arrows on the zero line. Not sure about the arrows. Maybe you have to many indicators on your chart.

declare lower;
input fastLength = 12;
input slowLength = 26;
input MACDLength = 9;
input averageType = AverageType.EXPONENTIAL;
input HighVolume = yes;
input VolumeAveragingLength = 20;
input VolumePercentThreshold = 60;
plot Value = MovingAverage(averageType, close, fastLength) – MovingAverage(averageType, close, slowLength);
plot Avg = MovingAverage(averageType, Value, MACDLength);
plot Diff = Value – Avg;
plot ZeroLine = 0;
Value.SetDefaultColor(GetColor(1));
Avg.SetDefaultColor(GetColor(8));
Diff.SetDefaultColor(GetColor(5));
Diff.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
Diff.SetLineWeight(3);
Diff.DefineColor(“Positive and Up”, Color.GREEN);
Diff.DefineColor(“Positive and Down”, Color.DARK_GREEN);
Diff.DefineColor(“Negative and Down”, Color.RED);
Diff.DefineColor(“Negative and Up”, Color.DARK_RED);
Diff.AssignValueColor(if Diff >= 0 then if Diff > Diff[1] then Diff.Color(“Positive and Up”) else Diff.Color(“Positive and Down”) else if Diff < Diff[1] then Diff.Color(“Negative and Down”) else Diff.Color(“Negative and Up”));

##High Volume
def aVol = Average(volume, VolumeAveragingLength);
def pVol = 100 * ((volume - aVol[1]) / aVol[1]);
def pDot = pVol >= VolumePercentThreshold;
def HV= pDot and HighVolume;
plot HiVolArrow = if HV then 0 else Double.NaN;

HiVolArrow.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
HiVolArrow.SetDefaultColor(Color.WHITE);
HiVolArrow.HideTitle();
HiVolArrow.HideBubble();

ZeroLine.SetDefaultColor(GetColor(0));


# now for the signal
def ValueCrossBelowZeroline = Value[1] < Avg[1] and Value[1] < 0 and Value > Avg;
plot belowZeroCross = if ValueCrossBelowZeroline then Value else Double.NaN;
belowZeroCross.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
belowZeroCross.SetDefaultColor(Color.CYAN);
def ValueCrossAboveZeroline = Value[1] > Avg[1] and Value[1] > 0 and Value < Avg;
plot aboveZeroCross = if ValueCrossAboveZeroline then Value else Double.NaN;
aboveZeroCross.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
aboveZeroCross.SetDefaultColor(Color.MAGENTA);

#plot scan = ValueCrossBelowZeroline;
#plot scan = ValueCrossAboveZeroline;
# Alerts
Alert(aboveZeroCross, "ValueCrossAboveZeroline", Alert.BAR, Sound.Bell);
Alert(belowZeroCross, "ValueCrossBelowZeroline", Alert.BAR, Sound.Ding);

This is great! Is there one like this for trade view? With the volume arrows and alerts?

 

[MerryDay]

This is great! Is there one like this for trade view? With the volume arrows and alerts?

You would need to ask on Tradingview.

 

[Zlotko]

input fastLength = 12;
input slowLength = 26;
input macdLength = 9;
input averageType = AverageType.EXPONENTIAL;
input price = close;
input EMAperiod = 200;
plot VWAP1 = VWAP(Period = AggregationPeriod.DAY);

plot trendma = ExpAverage(price, EMAperiod);
trendma.SetDefaultColor(Color.Cyan);
def signal = reference MACD(fastLength, slowLength, macdLength, averageType).Avg;
def macd = reference MACD(fastLength, slowLength, macdLength, averageType).Value;
plot buymacd = macd crosses above signal and close > VWAP1 and macd[1] < 0;
buymacd.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
buymacd.setDefaultColor(Color.Green);
plot sellmacd = macd crosses below signal and close < VWAP1 and macd [1] > 0;
sellmacd.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_Down);
sellmacd.setDefaultColor(Color.Red);

Can you please share your MACD_VWAP chart! I can not make it work
Thanks

 

[MerryDay]

Can you please share your MACD_VWAP chart! I can not make it work
Thanks

'can not make it work'
Is not enough information to say where you went astray.
Your chart should look like:

 

[algtrader]

You would create 2 Scans using the 10 stocks as the basis, then add condition one with plot macdbuy and the second scan plot sellmacd,
once created you create alert based on scan and it can send email or SMS from TOS

hi irishgold (and everyone who can see this) - I came across this post. What is the condition I should check in TOS Stock Hacker Scan? I attached photo

Thanks