MACD indicator - page 154

[Sergey Golubev]

MQL5 Wizard Techniques you should know (Part 71): Using Patterns of MACD and the OBV

The Moving Average Convergence Divergence oscillator, a trend tracking oscillator (MACD) is paired with the On Balance Volume oscillator (OBV). These two complement each other since one tracks trend while the other measures volume. We perform tests using the pair GBP JPY on the year 2023 with the year 2024 serving as a forward walk test window. Our ‘training’ or optimization for the year 2023; besides seeking the ideal pattern signal weight; also seeks entry price gaps and take-profit targets. This is all done while no stop-loss is being used, meaning we rely solely on the close threshold weight of the custom signal class to close any positions that are no longer inline with their open thesis.

[Sergey Golubev]

Forum on trading, automated trading systems and testing trading strategies

All about MQL5 Wizard : create robots without programming.

Sergey Golubev, 2025.07.03 05:49

MQL5 Wizard Techniques you should know (Part 72): Using Patterns of MACD and the OBV with Supervised Learning

In our last article, where we introduced the indicator pair of the MACD and On-Balance-Volume oscillator (OBV) we examined 10 possible signals that could be generated from the complimentary pairing of these indicators. We always test 10 signal patterns as derived from a 2-indicator-pairing by performing a forward walk test for 1-year, having done training or optimization over the previous year. With the last article, only one signal pattern, pattern-7, was able to forward walk profitably. We went over some of the reasons why this indicator pairing performed dismally when compared to other indicators we have covered, however this also presented an ‘opportunity’ for us to explore machine learning in enhancing some of these signal patterns.