MACD conversion

[wallsteetking]

Hello Ninjatrader Team,

how can I set up MACD indicator to give me "percentage" of how much the spread between two lines exists. For example EMA 12 is above EMA 26 by 1 percent(this is what I want MACD to tell me), instead of EMA 12 is above EMA 26 by 10 points. I hope this question is clear enough. if not please let me know and il try to clarify better. thank you

[NinjaTrader_PatrickH]

Hello wallsteetking,

Thank you for your post.

This will require editing the MACD in the following manner:

1. First go to Tools > Edit NinjaScript > Indicator > MACD > OK
2. Then right click in the MACD > select Save As > give the new MACD a name
3. Then change line 72 to the following:
   

   Diff.Set(((macd - macdAvg) / Value[0]) * 100);

4. Then press F5 to compile
5. Apply your new MACD to the chart

This will show the Diff as percent.

Please let me know if you have any questions.

[wallsteetking]

Thank you Patrick