Strategy Premise
Moving Average Convergence Divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price MACD is calculated by subtracting the long-term EMA (26 periods) from the short-term EMA (12 periods) The MACD has a positive value whenever the 12-period EMA is above the 26-period EMA and a negative value when the 12-period EMA is below the 26-period EMA.
Strategy Logic
Long Entry: When 12 Period EMA is above the 26- Period EMA Send LE
Long Exit: Either when SL or Target is hit. If SL/TGT is not hit and 12-period EMA is below the 26-period EMA. Send LX, SE
Short Entry: When 12-period EMA is below the 26-period EMA. Send SE
Short Exit: Either when SL or Target is hit. If SL/TGT is not hit and 12 Period EMA is above the 26- Period EMA Send SX, LE
MACD Strategy Parameters for TradingView Charts
1.FastLength : 12-period EMA
2.SlowLength : 26-period EMA
3.MACD Length:Length for MACD's Period , default 9
4.Backtesting : Use this to backtest the strategy between Starting and Ending Date and time , it can also be used to set trades in future time
5.Alert_Message : Need to copy while creating alert into Message Box
6.Trade Setup : Intraday / Positional (Selecct accordingly)
7.Start Time Stop Time (Session 1) : Intraday / Positional start time and end time of trade for session 1
8.End Session 1 : Define time to exit any existing position taken in session 1 so that exchange charges will not apply
9.Use Second Session : Check this to use second intraday session
10.Start Time Stop Time (Session 2) : Intraday / Positional start time and end time of trade for session 2
11.End Session 1 : Define time to exit any existing position taken in session 2 so that exchange charges will not apply
12.Use Target : check if you want to set required target if not cheque will not applicable
13.Use StopLoss : Cheque if you want to set stop loss if not cheque will not applicable
14.Trailling Stoploss : Cheque if you want to set trailing stop loss if not cheque will not applicable
15.Point Or Percentage For TG SL : Use Points or Percentage as per your choice
16.Target : Set as per the selection of (Point Or Percentage For TG SL)
17.Stop Loss : Set as per the selection of (Point Or Percentage For TG SL)
18.TSL_Type : Select as per your logic in %/ATR/Points
19.TSL_Input : Set in case you select %/Points in TSL_Type
20.ATR Length : Set as per your logic if you select ATR in the field of TSL_Type
21.ATR_Mult : Set as per your logic if you select ATR in the field of TSL_Type
22.Segment : Select segment of your logic EQ/FUTIDX/FUTSTK/OPTIDX/OPTSTK/FUTCUR/FUTCUM (Used in case of option / Futures )
23.Select Expiry Date : Select the expiry date of your trade as per the segment you selected (Used in case of option / Futures )
24.Select Expiry Month : Select the expiry Month of your trade as per the segment you selected (Used in case of option / Futures )
25.Year : Select the expiry Year of your trade as per the segment you selected (Used in case of option / Futures )
26.Quantity : Enter the quantity in which you want to trade (Used in case of option / Futures )
27.Product Type : Select MIS/Normal/ CNC as per your logic (Used in case of option / Futures )
28.Order Type : Select Market/Limit as per your logic (Used in case of option / Futures )
29.Strategy Tag : Enter the value in case you are using webhook / advance template in APIBridgeTM
30.Lotsize : Enter the lotsize as per your lotic and quentity selection (Used in case of option / Futures )
31.STEP (OTM/ATM/ ITM ) : Select OTM(+1)/ATM(0)/ ITM (-1) as per your logic works in case of options only
32.DIFFERENCE_BETWEEN 2 STRIKE : Select difference of 2 strikes you have used in APIBridge symbol setting list, like for Nifty 50 BankNifty 100
33.APIB Port : Set as per provided to you by Algoji in case of webhook / advance templet
The Segment full form is given below
EQ Equity
FUTIDX Future Index
FUTSTK Future Stock
OPTIDX Index Option
OPTSTK Stock Option
FUTCUR Futcur Currency
FUTCUM Future Commodity
This strategy works on all segments , namely options , futures , cash , commodities
Moving Average Convergence Divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price MACD is calculated by subtracting the long-term EMA (26 periods) from the short-term EMA (12 periods) The MACD has a positive value whenever the 12-period EMA is above the 26-period EMA and a negative value when the 12-period EMA is below the 26-period EMA.
Strategy Logic
Long Entry: When 12 Period EMA is above the 26- Period EMA Send LE
Long Exit: Either when SL or Target is hit. If SL/TGT is not hit and 12-period EMA is below the 26-period EMA. Send LX, SE
Short Entry: When 12-period EMA is below the 26-period EMA. Send SE
Short Exit: Either when SL or Target is hit. If SL/TGT is not hit and 12 Period EMA is above the 26- Period EMA Send SX, LE
MACD Strategy Parameters for TradingView Charts
1.FastLength : 12-period EMA
2.SlowLength : 26-period EMA
3.MACD Length:Length for MACD's Period , default 9
4.Backtesting : Use this to backtest the strategy between Starting and Ending Date and time , it can also be used to set trades in future time
5.Alert_Message : Need to copy while creating alert into Message Box
6.Trade Setup : Intraday / Positional (Selecct accordingly)
7.Start Time Stop Time (Session 1) : Intraday / Positional start time and end time of trade for session 1
8.End Session 1 : Define time to exit any existing position taken in session 1 so that exchange charges will not apply
9.Use Second Session : Check this to use second intraday session
10.Start Time Stop Time (Session 2) : Intraday / Positional start time and end time of trade for session 2
11.End Session 1 : Define time to exit any existing position taken in session 2 so that exchange charges will not apply
12.Use Target : check if you want to set required target if not cheque will not applicable
13.Use StopLoss : Cheque if you want to set stop loss if not cheque will not applicable
14.Trailling Stoploss : Cheque if you want to set trailing stop loss if not cheque will not applicable
15.Point Or Percentage For TG SL : Use Points or Percentage as per your choice
16.Target : Set as per the selection of (Point Or Percentage For TG SL)
17.Stop Loss : Set as per the selection of (Point Or Percentage For TG SL)
18.TSL_Type : Select as per your logic in %/ATR/Points
19.TSL_Input : Set in case you select %/Points in TSL_Type
20.ATR Length : Set as per your logic if you select ATR in the field of TSL_Type
21.ATR_Mult : Set as per your logic if you select ATR in the field of TSL_Type
22.Segment : Select segment of your logic EQ/FUTIDX/FUTSTK/OPTIDX/OPTSTK/FUTCUR/FUTCUM (Used in case of option / Futures )
23.Select Expiry Date : Select the expiry date of your trade as per the segment you selected (Used in case of option / Futures )
24.Select Expiry Month : Select the expiry Month of your trade as per the segment you selected (Used in case of option / Futures )
25.Year : Select the expiry Year of your trade as per the segment you selected (Used in case of option / Futures )
26.Quantity : Enter the quantity in which you want to trade (Used in case of option / Futures )
27.Product Type : Select MIS/Normal/ CNC as per your logic (Used in case of option / Futures )
28.Order Type : Select Market/Limit as per your logic (Used in case of option / Futures )
29.Strategy Tag : Enter the value in case you are using webhook / advance template in APIBridgeTM
30.Lotsize : Enter the lotsize as per your lotic and quentity selection (Used in case of option / Futures )
31.STEP (OTM/ATM/ ITM ) : Select OTM(+1)/ATM(0)/ ITM (-1) as per your logic works in case of options only
32.DIFFERENCE_BETWEEN 2 STRIKE : Select difference of 2 strikes you have used in APIBridge symbol setting list, like for Nifty 50 BankNifty 100
33.APIB Port : Set as per provided to you by Algoji in case of webhook / advance templet
The Segment full form is given below
EQ Equity
FUTIDX Future Index
FUTSTK Future Stock
OPTIDX Index Option
OPTSTK Stock Option
FUTCUR Futcur Currency
FUTCUM Future Commodity
This strategy works on all segments , namely options , futures , cash , commodities
Regards,
Algoji Enterprises Private Limited
APIBridge™
Algoji Enterprises Private Limited
APIBridge™