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How to utilize MACD and RSI

Hi there,

I am attempting to get my code to purchase a 100% holding in SPY if the MACD is greater than the Signal and if RSI>30, 

When experimenting, I found if I remove either the RSI or MACD portion, leaving only 1 indicator to activate the algortihim, the code works. 

The problem is related to having mulitple "and" in the last 10 lines or so I think, where the buy and sell logic is coded.

Any ideas to make this work with both RSI and MACD requirements being met?

I plan to utilize more indicators in the future, not sure which ones yet though.

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The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.


Hello Rehan,

It is OK to use 2 or more indicators together, but combining certain indicators will make the condition difficult to fulfill. In this case, both MACD and RSI are momentum indicators, but combing them together will not necessarily confirm the beginning and the end of a trend.

Best,
Yuxin Guan

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0

The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.


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