Indicator - MACD w/ 4 Color Histogram

3640 5 259
Created by request for user ericktatch.
Remove from Favorite Scripts Add to Favorite Scripts
//Created by user ChrisMoody 2-9-14
//Created for user ericktatch
//Regular MACD Indicator with Histogram that plots 4 Colors Based on Direction Above and Below the Zero Line

study(title="CM_MACD-Histogram-Color", shorttitle="CM_MACD-Hist-Color")
source = close
fastLength = input(12, minval=1), slowLength=input(26,minval=1)
fastMA = ema(source, fastLength)
slowMA = ema(source, slowLength)
macd = fastMA - slowMA
signal = sma(macd, signalLength)
hist = macd - signal
//Histogram Color Definitions
histA_IsUp = hist > hist[1] and hist > 0
histA_IsDown = hist < hist[1] and hist > 0
histB_IsDown = hist < hist[1] and hist <= 0
histB_IsUp = hist > hist[1] and hist <= 0

plot_color = histA_IsUp ? aqua : histA_IsDown ? blue : histB_IsDown ? red : histB_IsUp ? maroon : white

plot(hist, color=plot_color, style=histogram, linewidth=4)
plot(macd, title="MACD", color=red, linewidth=3)
plot(signal, title="Signal Line", color=lime, linewidth=3)
hline(0, '0 Line', linestyle=solid, linewidth=2, color=white)
If Your Not Sure How To Load Custom Indicators on Your Chart. Video Below Explains.
ericktach...I think this is what you were asking for. This is the standard code for MACD. The MACD indicator that TradingView offers has a few more inputs but I do't have access to that code. If there is anything else you wanted let me know....
Where can I get the code for this?
Also how hard would it be to have this do 2 things:
1. Draw MACD from higher time frame 6X higher than current time frame, e.g. if on 10 mins, show MACD from 60 mins. OR always show MACD from 60 mins no matter what time frame is showing (these are probably 2 different versions)
2. Make MACD line change colour depending on whether it is higher/lower than signal line.

Thanks so much
ChrisMoody PRO 4apprentice08
Recoding now with about every option possible...will post link when done
ChrisMoody PRO ChrisMoody
Updated MacD Indicator with all options available. Visit this Post:

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

Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out