ChrisMoody

MacD Custom Indicator-Multiple Time Frame+All Available Options!

This MacD Indicator has every feature available. See First Post for Details.
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//Created by user ChrisMoody updated 4-10-2014
//Regular MACD Indicator with Histogram that plots 4 Colors Based on Direction Above and Below the Zero Line
//Update allows Check Box Options, Show MacD & Signal Line, Show Change In color of MacD Line based on cross of Signal Line.
//Show Dots at Cross of MacD and Signal Line, Histogram can show 4 colors or 1, Turn on and off Histogram.
//Special Thanks to that incredible person in Tech Support whoem I won't say you r name so you don't get bombarded with emails
//Note the feature Tech Support showed me on how to set the default timeframe of the indicator to the chart Timeframe, but also allow you to choose a different timeframe.
//By the way I fully disclose that I completely STOLE the Dots at the MAcd Cross from "TheLark"

study(title="CM_MacD_Ult_MTF", shorttitle="CM_Ult_MacD_MTF")
source = close
useCurrentRes = input(true, title="Use Current Chart Resolution?")
resCustom = input(title="Use Different Timeframe? Uncheck Box Above", type=resolution, defval="60")
smd = input(true, title="Show MacD & Signal Line? Also Turn Off Dots Below")
sd = input(true, title="Show Dots When MacD Crosses Signal Line?")
sh = input(true, title="Show Histogram?")
macd_colorChange = input(true,title="Change MacD Line Color-Signal Line Cross?")
hist_colorChange = input(true,title="MacD Histogram 4 Colors?")

res = useCurrentRes ? period : resCustom

fastLength = input(12, minval=1), slowLength=input(26,minval=1)
signalLength=input(9,minval=1)

fastMA = ema(source, fastLength)
slowMA = ema(source, slowLength)

macd = fastMA - slowMA
signal = sma(macd, signalLength)
hist = macd - signal

outMacD = security(tickerid, res, macd)
outSignal = security(tickerid, res, signal)
outHist = security(tickerid, res, hist)

histA_IsUp = outHist > outHist[1] and outHist > 0
histA_IsDown = outHist < outHist[1] and outHist > 0
histB_IsDown = outHist < outHist[1] and outHist <= 0
histB_IsUp = outHist > outHist[1] and outHist <= 0

//MacD Color Definitions
macd_IsAbove = outMacD >= outSignal
macd_IsBelow = outMacD < outSignal

plot_color = hist_colorChange ? histA_IsUp ? aqua : histA_IsDown ? blue : histB_IsDown ? red : histB_IsUp ? maroon :yellow :gray
macd_color = macd_colorChange ? macd_IsAbove ? lime : red : red
signal_color = macd_colorChange ? macd_IsAbove ? yellow : yellow : lime

circleYPosition = outSignal
 
plot(smd and outMacD ? outMacD : na, title="MACD", color=macd_color, linewidth=4)
plot(smd and outSignal ? outSignal : na, title="Signal Line", color=signal_color, style=line ,linewidth=2)
plot(sh and outHist ? outHist : na, title="Histogram", color=plot_color, style=histogram, linewidth=4)
plot(sd and cross(outMacD, outSignal) ? circleYPosition : na, title="Cross", style=circles, linewidth=4, color=macd_color)
hline(0, '0 Line', linestyle=solid, linewidth=2, color=white)
Hi Chris!

Nice job! Amazing.

I see you did this indicator sometime ago and the pine editor has changed too, if I put the indicator on the code section, it draws the macd indicator inside the chart, please try to do it and you will see it.

Is there a way to place this script outside of the chart like any other oscillator indicator?

Best Regards,

JB
Reply
Excelente indicador Chris, el mejor MACD que he visto.
Reply
Hi Chris, Awesome indicator. How would one go about creating an alert for when the signal changes color, either Signal to MACD or MACD to Signal. I can create alerts based on crossing but this indicators has the ability to changes from Signal To MACD just before the cross which is the perfect time to alert me to start paying attention as it could be a possible buy opportunity. I have tried several settings but i cant seem to find the correct one. Many Thanks and keep up the great work, i use several of your indicators :-)
+3 Reply
@Pigsfoot, please let me know if you figure this out. I was looking for either a scanner or alert for this as well.
Reply
where is the first post please?
+10 Reply
hey is it applicable for crude oil if no then please suggest me some indicator?
+1 Reply
Hi Chris,
Please advise how to get the 4-hour time frame for this indicator.
Thanks.
+6 Reply
CAN I USE THIS CODE IN AMIBROKER??
Reply
please add ithink its usefull
+1 Reply
Would be great if the lines would be scaled so the histogram always take most of the vertical space, sometimes specially when using slower MACDs the lines goes so high/low that the histogram bars become tiny
Reply
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