MACD Scale Problem

[laocoon]

Hello

Is there a way to get a comparable scale for the same standard MACD study when applied to different markets?

Example:
For the DAX, the MACD scale goes from -5 to +5 (a good scaling in my opinion)
For the Euro FX (6E), the MACD scale goes from -0.0005 to +0.0005 (much too small).

This is pretty annoying because it makes it much more difficult to compare the MACD levels visually and is a pain when developing an automated strategy that uses the same MACD parameters to trade various markets.

Thanks

[NinjaTrader_ChristopherJ]

Hello laocoon,

Thank you for your post.

Unfortunately there is not an option available at this time to set the MACD scaling to be the same for all instruments.

Please let me know if I may be of further assistance.

[laocoon]

Hello ChristopherJ

Thanks for your reply. I think there's an easy workaround to fix this issue but I don't understand the code of the MACD well enough to do it myself. Basically, the solution would be to create a custom MACD indicator for every traded market and to multiply the output values of the MACD parameters (MACD Line, Avg Line and Histogram) by 10, 100, 1000 etc. according to the granularity of the underlying market.

Example: if the output value of the MACD Line for the Euro FX (6E) is 0.00005, it would need to be multiplied by a factor of 100000 to get a more "readable" value like 5 etc.

If you could give me one example of how to identify the output values of the 3 MACD variables, I would then be able to multiply them by the correct multiple and thus create custom MACD indicators for all markets I trade.

Thanks a lot.

[NinjaTrader_Ray]

Yes, I believe you could normalize that values. You could contract a NinjaScript consultant or ask someone on our forum if they would be kind enough to develop something like that?

[laocoon]

Thanks for your reply Ray. I know you guys have a lot on your plate right now, but wouldn't it be easier for everybody if all standard Ninja indicators were normalised from the beginning?

All non-standard Ninja indicators I use are normalised and this sure makes life easier.

Thanks

[NinjaTrader_Ray]

Our MACD indicator is a standard implementation. My post just suggests to change the implementation to non-standard and plot some % value so that this indicator can be applied to many instruments and can be be compared apples to apples. All of our standard indicators are implementations of standard definitions.