MACD Based Trend Detector - aflcode.com | Latest collection of Amibroker afl 2023

How to use MACD Based Trend Detector Amibroker afl?

MACD Based Trend Detector afl is modified MACD indicator. It identifies trend very accurately. MACD Based Trend Detector doesn't contain histogram and lower moving average line. MACD Based Trend Detector afl can be used in any time frame with any chart.

MACD Based Trend Detector

//www.aflcode.com
_SECTION_BEGIN("MACD");

r1 = Param( "Fast avg", 15, 2, 200, 1 );
r2 = Param( "Slow avg", 30, 2, 200, 1 );
r3 = Param( "Signal avg", 15, 2, 200, 1 );
Plot( ml = MACD(r1, r2), StrFormat(_SECTION_NAME()+"(%g,%g)", r1, r2), ParamColor("MACD color", colorBlack ), ParamStyle("MACD style") );
Plot( sl = Signal(r1,r2,r3), "Signal" + _PARAM_VALUES(), ParamColor("Signal color", colorRed ), ParamStyle("Signal style") );
Plot( ml-sl, "MACD Histogram", ParamColor("Histogram color", colorBlack ), styleNoTitle | ParamStyle("Histogram style", styleHistogram | styleNoLabel, maskHistogram ) );

Buy = MACD(r1,r2)>Ref(MACD(r1,r2),-1);

Sell = Ref(MACD(r1,r2),-1)>MACD(r1,r2);

Buy = ExRem(Buy,Sell);
Sell = ExRem(Sell,Buy);

PlotShapes(IIf(Buy, shapeSmallCircle, shapeNone),colorBrightGreen, 0, ml, Offset=-5);
PlotShapes(IIf(Sell, shapeSmallCircle, shapeNone),colorRed, 0, ml, Offset=5);
SetChartBkColor(ParamColor("Panel color ",colorPaleBlue)); 
_SECTION_END();