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Copy and paste formulae below.


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RoC of MACD
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{ RoC of MACD-type indicator - v2.0

 ©Copyright 2006 Jose Silva.
  The grant of this license is for personal use
   only - no resale or repackaging allowed.
  All code remains the property of Jose Silva.
  http://www.metastocktools.com }

{ User inputs }
pds1:=Input("Smaller EMA periods 1",1,260,15);
pds2:=Input("Larger EMA periods 2",1,260,25);
pds3:=Input("RoC periods",1,260,5);
norm:=Input("Normalize?  [1]Yes,  [0]No",0,1,1);

{ RoC of MACD }
x:=ROC(Mov(C,pds1,E)/Mov(C,pds2,E),pds3,$);

{ Normalize }
y:=(x-Lowest(x))
 /Max(Highest(x)-Lowest(x),.000001)*100;

{ Select Raw/Normalized RoC }
RoCmac:=If(norm,y,x);
avg:=Cum(RoCmac)/Cum(IsDefined(RoCmac));

{ Automatic OverBought/Sold levels }
pk:=Ref(RoCmac,-1)=HHV(RoCmac,3)
 AND Ref(RoCmac,-1)>avg;
pk1:=ValueWhen(1,pk,Ref(RoCmac,-1))*pk;
oBought:=Cum(pk1)/Cum(pk);
tr:=Ref(RoCmac,-1)=LLV(RoCmac,3)
 AND Ref(RoCmac,-1)<avg;
tr1:=ValueWhen(1,tr,Ref(RoCmac,-1))*tr;
oSold:=Cum(tr1)/Cum(tr);

{ Plot in own window }
oBought;avg;oSold;RoCmac

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