LazyBear

Impulse MACD [LazyBear]

Impulse MACD is a modified MACD , formed by filtering out the values in a MA range (region between MAs of high and low), thereby reducing whipsaw typical in a sideways market. This is usually plotted as histogram. This also plots the traditional histogram ( MACD - Signal), to help in finding entries/exits.

Use this like a traditional MACD (Zero line crossing or Signal crossing).

Colors legend:
  • Impulse MACD: Possible colors => Lime / Green / Orange / Red, based on the ImpulseMACD position with respect to MidLine and Signal.
  • Impulse MACD Signal: Maroon line.
  • Blue histogram: (ImpulseMACD - Signal).

List of my public indicators: http://bit.ly/1LQaPK8
List of my app-store indicators: http://blog.tradingview.com/?p=970
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//
// @author LazyBear 
// 
// List of my public indicators: http://bit.ly/1LQaPK8 
// List of my app-store indicators: http://blog.tradingview.com/?p=970 
//
//
study("Impulse MACD [LazyBear]", shorttitle="IMACD_LB", overlay=false)
lengthMA = input(34)
lengthSignal = input(9)
calc_smma(src, len) =>
	smma=na(smma[1]) ? sma(src, len) : (smma[1] * (len - 1) + src) / len
	smma

calc_zlema(src, length) =>
	ema1=ema(src, length)
	ema2=ema(ema1, length)
	d=ema1-ema2
	ema1+d

src=hlc3
hi=calc_smma(high, lengthMA)
lo=calc_smma(low, lengthMA)
mi=calc_zlema(src, lengthMA) 

md=(mi>hi)? (mi-hi) : (mi<lo) ? (mi - lo) : 0
sb=sma(md, lengthSignal)
sh=md-sb
mdc=src>mi?src>hi?lime:green:src<lo?red:orange
plot(0, color=gray, linewidth=1, title="MidLine")
plot(md, color=mdc, linewidth=2, title="ImpulseMACD", style=histogram)
plot(sh, color=blue, linewidth=2, title="ImpulseHisto", style=histogram)
plot(sb, color=maroon, linewidth=2, title="ImpulseMACDCDSignal")

ebc=input(false, title="Enable bar colors")
barcolor(ebc?mdc:na)
Looks good, LazyBear. Would this be something similar to the Xtreme Direction indicator from http://paintbarforex.com I'm looking for something like this to use on TradingView so I can get rid of MT4. Thanks a bunch! :-)
+1 Reply
LazyBear PRO thethirdconfig
Am not familiar with that indicator. If you have the source code, I can take a look to see if it can be ported over.
+1 Reply
It looks like Length 10 works best.
snapshot
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QuantitativeExhaustion QuantitativeExhaustion
Sorry .. that's Length 14 /// 14 works best for this indicator for default.
Reply
LazyBear PRO QuantitativeExhaustion
Nice, thanks.
Reply
snapshot


Combining indicators for trends is working well.
Reply
LazyBear PRO QuantitativeExhaustion
Thanks
Reply
hello mr lazybear. i hope u r Blessed. i was curious 2 see if you have ever made an indicator 2 aid with fib circles n gann fann- both of which i swear by. but circles tell me something is coming just not direction per se'. wanted to see if its possible and if you would be up to the challenge. thank you so much for your time. if you have already done one or dont feel its worth the hastle thats cool too. Again- thank u from all of us little guys, you truly are an inspiration and a GENIUS. Be Blessed my friend and happy trades. by the way- IMPULSE MACD cant wait to try it
+1 Reply
LazyBear PRO sparky2842
Thanks.

I dont have any specific indicators for those. If you are aware of any, do post the links here. I can take a look.
Reply
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