CCI MACD Overlay

[pipsqueak]

Wow, this looks very close to what I was asking for in my posts for MACD and CCI collaboration.

Very interesting indeed!?!

[pipsqueak]

....The code that was developed for my requests gave false signals. This maybe occurred because my tests were poor or incomplete. It looks, at least initially, that you have solved those issues.

I also wanted to rule out those instances when the MACD and CCI didn't agree.

It was getting very complex, at least I thought, to perform all of the tests that I could "see" by watching the price action develop. I became overwhelmed by all of the "If" statements I thought were needed.

I will attempt to study your code.

Again, thanks for solving what I was thinking was a very complex problem.

[pipsqueak]

Okay I've looked at this indicator a little more with some other pairs.

It appears that some issues still exist. It is showing a bullish move even though a bearish trend seems to be developing, at least from my viewpoint. I have been looking at the DNC and thinking that it could improve the MACD-CCI collaboration. The DNC is very powerful.

Also I was noticing that when this indicator was suggesting a move that was in opposition to the EMA 200,100 and at times the 50 there should be no action or at least I mild action. This perplexes me for the MACD is developed from the EMA. Consequently, I wanted to add EMA tests for the EMA's do show the overall trend very well. Tests that if the collaboration was suggesting a position contrary to the EMA's that some hesitation should be suggested.

Maybe all of my discussion shows how little I understand how the indicators were developed, but when I "see" the MACD oppose the EMA's from which it was derived confuses me.

[pipsqueak]

Lets take the usd/chf price action right now!

The pair has been as is in a downtrend. the EMA's show this. The MACD histogram has peaked indicating an upcoming downward push. The MACD is showing a reduction in upward momentum hence suggesting a downward push developing. Also, the CCI is indicating same. in addition the DNC is showing lowering of the upper price and the lower price has not as yet shown a raising of the lows.

All of this suggests to me that the time is ripe to go short.

Am I wrong in this lengthy analysis.

I know that this goes against the "thinking" by many to "keep it simple". My thoughts are that even tough ALL indicators lag their ability to predict the possible future can be "seen" by the changes that take place in at least all of these indicators. Their "derivatives" if you will.

What little i can remember from Calculus makes me think that it should work.

I realize that these indicators use integration so why should I want to be differentiating them.

Maybe I am all "wet" in my poor immature look at all of this for I realize that ALL indicators were developed by individuals with much better math skills than I and, as such, should not be taken lightly.

Maybe you wold rather I go "away" but I just had to get this off of my mind.

[Apprentice]

Thank you for sharing your orgasmic moment.

[PipGrabber]

Thank you for sharing your orgasmic moment.

[Apprentice]

Indicator was revised and updated.

[Sumone]

Multitimeframe MACD CCI Heat Map.png

Multitimeframe MACD CCI Heat Map.lua

Does anyone has this indicator in MT4?

[Apprentice]

Your request is added to the development list.
Development reference 571.

[Apprentice]

Try this version.
https://fxcodebase.com/code/viewtopic.php?f=38&t=66151