vkno422

4 colour MACD with signal line

This is the same as the MACD 4C but it also has the signal line.
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study(shorttitle = "MACD 4CS", title = "4 colour MACD with signal line")
fastMA = input(title="Fast moving average", type = integer, defval = 12, minval = 7)
slowMA = input(title="Slow moving average", type = integer, defval = 26, minval = 7)
signalIn = input(title="Signal period", type = integer, defval = 9, minval = 3)
lastColor = yellow
[currMacd,currSignal,_] = macd(close[0], fastMA, slowMA, signalIn)
[prevMacd,prevSignal,_] = macd(close[1], fastMA, slowMA, signalIn)
plotColor = currMacd > 0 
    ? currMacd > prevMacd ? lime : green 
    : currMacd < prevMacd ? maroon : red
plot(currMacd, style = histogram, color = plotColor, linewidth = 3)
plot(currSignal, style = line, color = aqua, linewidth = 1)
plot(0, title = "Zero line", linewidth = 1, color = gray)

Comments

Very nice - thanks, Victor!
+1 Reply
thanks a lot.
+1 Reply
Great, was waiting for it.
+1 Reply
Great MACD, awesome!!!!
Reply
Thanks Victor!
Reply
Amazing, Thanks Victor!!!!!
Reply
Thanks Victor!
Reply
Thanks!
Reply
This is very nice, thank you
Reply
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