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)
The best! thank you!
Odpowiedź
can anyone please guide me how to use this script in mt4
+11 Odpowiedź
guys can just give us the full description post without referring us to the first post or at least simply repost here so that we can use it too. it seems that a lot of cant find how to use this grate indicator
+1 Odpowiedź
Super awesome indicator, i have 2 issues if fixed can be the most accurate single indicator out there
1- fix repaint when using indicator on higher time frame than chart (i.e. indicator on daily, while checking change on 4h chart)
2- ability to use custom timeframes for pro account and above (i.e. 6H, 8H, 12H)

P.S. using Daily with 6/13/6 setup and currently waiting for 2nd 4H candle close to partially avoid repaint.
Odpowiedź
Just wondering, if this indicator repaint???
+7 Odpowiedź
Chris it is the time to move this script to Version 4.
The best part of this script is the HISTOGRAM , I can simply leave the Histogram,
Histogram helps me to take the right side of the Trade along with my LBLS indicator.
+12 Odpowiedź
where is the first post ?!
+44 Odpowiedź
RUS7211 alirezazarei28
@alirezazarei28, 1st in downthere, just keep scrolling)
1 й пост-описание в самом низу, скроли вниз до упора)
Odpowiedź
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