Custom MACD (based on Elder's impulse system)

[___________]

Ok I just finished this up, it's an indicator I did initially for mt4, but in fxt i used directly the macd histogram instead of a separated indicator with full bars hist. The indicator use the default macd from FXT but with 3 colors histogram, the colors are calculated based on Alexander Elder impulse system.
The concept is measuring inertia with the ema (it reacts faster to recent price changes than sma), and momentum with the macd histogram representing bulls and bear "fight". When MACD Histogram and EMA are both rising, the histogram bar is coloured green. When they are falling, the histogram bar is coloured red. When they diverge, the histogram bar is blue. When green, go long or stand aside. When red, go short or stand aside. When blue, go long or short, or better stay away.



hope someone will find it useful

[___________]

This is the same as the first version of this indicator i did for mt4, full bars histogram. Works the same way and show the same values.

[Tantalus]

These lood interesting... can you post the source code so we can see what it's doing?

[___________]

Sure... the code is quite simple

[G.K.]

This is the great indicator I had been using.
But, when I upgraded to the newer version of Forex Tester, it stopped working.
Mike told me to recompile the indicator with new API libraries.
I do not know much about the coding.
Someone please do this for me and others.

Thank you

[dackjaniels]

This is the great indicator I had been using.
But, when I upgraded to the newer version of Forex Tester, it stopped working.
Mike told me to recompile the indicator with new API libraries.
I do not know much about the coding.
Someone please do this for me and others.

Thank you

I downloaded test.rar from above post and compiled it using the newest API libraries (FT2/Examples/Delphi) and it compiled with no errors.
However, once I attached it to a chart in FT2 the application produced an error.
Maybe Mike can help out as I see nothing else I can try.

Regards,
Steve

UPDATE: The idicator when added to the chart in FT2 is drawn correctly (at least it looks ok to me). The above error only occurs once the mouse is passed over the chart window containing the indicator. Perhaps this will help Mike track down the error if it is an issue with the FT2 code.

[Terranin]

This is the great indicator I had been using.
But, when I upgraded to the newer version of Forex Tester, it stopped working.
Mike told me to recompile the indicator with new API libraries.
I do not know much about the coding.
Someone please do this for me and others.

Thank you

I downloaded test.rar from above post and compiled it using the newest API libraries (FT2/Examples/Delphi) and it compiled with no errors.
However, once I attached it to a chart in FT2 the application produced an error.
Maybe Mike can help out as I see nothing else I can try.

Regards,
Steve

UPDATE: The idicator when added to the chart in FT2 is drawn correctly (at least it looks ok to me). The above error only occurs once the mouse is passed over the chart window containing the indicator. Perhaps this will help Mike track down the error if it is an issue with the FT2 code.

It means that you set number of visible lines more then you setup later. Look at IndicatorBuffers/SetIndexBuffer you should call SetIndexBuffer as many times as you specified in IndicatorBuffers. When you move your mouse over indicator it checks those buffers and if one of them is not set, you can get error.

[dackjaniels]

It means that you set number of visible lines more then you setup later. Look at IndicatorBuffers/SetIndexBuffer you should call SetIndexBuffer as many times as you specified in IndicatorBuffers. When you move your mouse over indicator it checks those buffers and if one of them is not set, you can get error.

Thanks Mike.

GK, I have altered the .dpr to reflect Mike's suggested changes and it now seems to work fine though I suggest checking this with the original poster as I did not program this indicator and do not use it myself (or you could of course compare it to the same working indicator running in FT1).

For the benefit of the indicators author, the exact change I made was to change IndicatorBuffers value of 6 to 5.

Source and compiled .dll attached.

Regards,
Steve

[G.K.]

dackjaniels,

You are awesome!!
It is working fine now.

Thank you

[dackjaniels]

dackjaniels,

You are awesome!!
It is working fine now.

Thank you

Glad I could help GK

[dackjaniels]

Hi,

This PowerM indicator has since been updated by forum member Christoff and myself to include two tone colouring above and below MACD waterline and an extra EMA of the signal line.

Delphi source and dll attached.

Regards,
Steve

[christoff]

Hi,

This PowerM indicator has since been updated by forum member Christoff and myself to include two tone colouring above and below MACD waterline and an extra EMA of the signal line.

Delphi source and dll attached.

Regards,
Steve

Thank you very much Steve for you help in adding the EMA.

Regards,
Christoff

[dackjaniels]

You're welcome Christoff.

[Steven Smith]

I had used this indicators.
This is the same as the first version of this indicator i did for mt4, full bars
histogram. Works the same way and show the same values.