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Old 17-02-2015, 03:16 PM
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Default H&S on MACD

Hi

It is not the cases that chart pattern does not work.Problem is confirmation and entry exit. IFTA12 proposed few rule to confirm chart pattern "Applying Head-and-Shoulders Pattern on MACD Histogram Indicator to Forecast Market Direction".

MACD Histogram Settings:
->Short Periods: 12
->Long Periods: 26
->Signal Line Periods: 9
->Averaging Method: Exponential
In other charting systems, the settings may appear in
different names, such as:
-> Fast EMA (Exponential Moving Average): 12
-> Slow EMA (Exponential Moving Average): 26
-> MACD or Signal EMA (Exponential Moving Average): 9





<--Normal/Classic Head-and-Shoulders pattern on MACD Histogram indicator

<-- Separated Head-and-Shoulders pattern on MACD Histogram indicator

<-- Separated Head-and-Shoulders pattern on MACD Histogram indicator


Trading with H&S :







Entry,Re-entry in trade :





On NF(spot)






NB:- proposed success rate is very high
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Last edited by nTP; 17-02-2015 at 06:40 PM.
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Old 17-02-2015, 07:05 PM
paulselvan paulselvan is offline
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looking hsh in macd : goo idea
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Old 17-02-2015, 07:24 PM
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Hi

some wise man told earlier those who trade on oscillator they keep on trading on oscillator not on price and the guy himself made an indicator to trade.
IMO: it is just pointing near possible peaks based on macd and trading on pullback or reversal.

Originally Posted by paulselvan View Post
looking hsh in macd : goo idea

Percentage of success/failure for the total appearances of the pattern
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Last edited by nTP; 18-02-2015 at 05:01 PM.
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Old 17-02-2015, 07:27 PM
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can we have an afl of it in macd histogram ?
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Old 17-02-2015, 07:42 PM
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Originally Posted by sumit View Post
can we have an afl of it in macd histogram ?

i am extremely sorry to say that i do not have any
i asked to share it in amibroker section
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Last edited by nTP; 17-02-2015 at 07:49 PM.
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Old 17-02-2015, 08:04 PM
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Originally Posted by sumit View Post
can we have an afl of it in macd histogram ?

This is standard MACD histogram afl that is built into amibroker.

-- no1lives4ever
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Old 17-02-2015, 09:08 PM
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Hi

Thanks for your reply.
Originally Posted by no1lives4ever View Post
This is standard MACD histogram afl that is built into amibroker.

-- no1lives4ever

I am specifically looking this pattern scanner with the entry exit signal
I was just reading the journal and thought to share it.
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Last edited by nTP; 17-02-2015 at 10:54 PM.
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Old 17-02-2015, 09:23 PM
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Originally Posted by nTuple View Post
i am extremely sorry to say that i do not have any
i asked to share it in amibroker section

It is possible to make an AFL for this. Some AFLs are available to identify H&S pattern in price chart. We need to modify them to accept MACD histogram values instead of price. Also, we should define some rules such as minimum width of each shoulder and the head to qualify as H&S pattern. Also define the proportion of their heights.

-Anant
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Old 18-02-2015, 05:00 PM
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Hi

in Lower tf it is a bit hectic to trade with it. doc told only about Daily / Weekly TF.
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Old 18-02-2015, 10:11 PM
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is it also true for rsi or stochastic ?
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