MACD edit

[fabriciom]

Hi,

I'm looking to edit the MACD indicator to add some sort of signal (maybe the pointer) when the macd values crosses a certain value.

Can the builtin studies be edited?

Or can this be done with having to touch the code? I don't seem to find a way.

Thanks

 

[SleepyZ]

Hi,

I'm looking to edit the MACD indicator to add some sort of signal (maybe the pointer) when the macd values crosses a certain value.

Can the builtin studies be edited?

Or can this be done with having to touch the code? I don't seem to find a way.

Thanks

You can make a copy of the built-in code, create a new study and paste the ccde there. You can then modify it as you would like. Look at built-in scripts with crossovers or here in the search area, on how to code these. If you need more help, come back with a more specific request.

 

[fabriciom]

You can make a copy of the built-in code, create a new study and paste the ccde there. You can then modify it as you would like. Look at built-in scripts with crossovers or here in the search area, on how to code these. If you need more help, come back with a more specific request.

Hi,

How can I access the code of the built in studies?

I have coding experience but new to thinkorswim

Thanks.

 

[SleepyZ]

Hi,

How can I access the code of the built in studies?

I have coding experience but new to thinkorswim

Thanks.

Step 1

Step 2

 

[fabriciom]

Step 1

Step 2

WOW!

Thanks for the tutorial.

 

[fabriciom]

declare lower;

input fastLength = 12;
input slowLength = 26;
input MACDLength = 9;
input averageType = AverageType.EXPONENTIAL;
input showBreakoutSignals = no;

# show macd value signals 20/06/2022
input macdHigh = 15;
input macdLow = -15;

plot Value = MovingAverage(averageType, close, fastLength) - MovingAverage(averageType, close, slowLength);
plot Avg = MovingAverage(averageType, Value, MACDLength);

plot Diff = Value - Avg;
plot ZeroLine = 0;

plot UpSignal = if Diff crosses above ZeroLine then ZeroLine else Double.NaN;
plot DownSignal = if Diff crosses below ZeroLine then ZeroLine else Double.NaN;

# show macd value signals 20/06/2022
plot UpSignalMacdValue = if Value >= macdHigh then Value else Double.NaN;
plot DownSignalMacdValue = if Value <= macdLow then Value else Double.NaN;

UpSignal.SetHiding(!showBreakoutSignals);
DownSignal.SetHiding(!showBreakoutSignals);


Value.SetDefaultColor(GetColor(1));
Avg.SetDefaultColor(GetColor(8));
Diff.SetDefaultColor(GetColor(5));
Diff.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
Diff.SetLineWeight(3);
Diff.DefineColor("Positive and Up", Color.GREEN);
Diff.DefineColor("Positive and Down", Color.DARK_GREEN);
Diff.DefineColor("Negative and Down", Color.RED);
Diff.DefineColor("Negative and Up", Color.DARK_RED);
Diff.AssignValueColor(if Diff >= 0 then if Diff > Diff[1] then Diff.color("Positive and Up") else Diff.color("Positive and Down") else if Diff < Diff[1] then Diff.color("Negative and Down") else Diff.color("Negative and Up"));
ZeroLine.SetDefaultColor(GetColor(0));
UpSignal.SetDefaultColor(Color.UPTICK);
UpSignal.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
DownSignal.SetDefaultColor(Color.DOWNTICK);
DownSignal.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);

# show macd value signals 20/06/2022
UpSignalMacdValue.SetDefaultColor(Color.UPTICK);
UpSignalMacdValue.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
DownSignalMacdValue.SetDefaultColor(Color.DOWNTICK);
DownSignalMacdValue.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);

I've done my mod. Not sure if this is useful to anyone but I'll share it.

It adds a signal when the MACD value goes above/below a previously set value for high and low.

 

[SleepyZ]

I've done my mod. Not sure if this is useful to anyone but I'll share it.

It adds a signal when the MACD value goes above/below a previously set value for high and low.



declare lower;

input fastLength = 12;
input slowLength = 26;
input MACDLength = 9;
input averageType = AverageType.EXPONENTIAL;
input showBreakoutSignals = no;

# show macd value signals 20/06/2022
input macdHigh = 15;
input macdLow = -15;

plot Value = MovingAverage(averageType, close, fastLength) - MovingAverage(averageType, close, slowLength);
plot Avg = MovingAverage(averageType, Value, MACDLength);

plot Diff = Value - Avg;
plot ZeroLine = 0;

plot UpSignal = if Diff crosses above ZeroLine then ZeroLine else Double.NaN;
plot DownSignal = if Diff crosses below ZeroLine then ZeroLine else Double.NaN;

# show macd value signals 20/06/2022
plot UpSignalMacdValue = if Value >= macdHigh then Value else Double.NaN;
plot DownSignalMacdValue = if Value <= macdLow then Value else Double.NaN;

UpSignal.SetHiding(!showBreakoutSignals);
DownSignal.SetHiding(!showBreakoutSignals);


Value.SetDefaultColor(GetColor(1));
Avg.SetDefaultColor(GetColor(8));
Diff.SetDefaultColor(GetColor(5));
Diff.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
Diff.SetLineWeight(3);
Diff.DefineColor("Positive and Up", Color.GREEN);
Diff.DefineColor("Positive and Down", Color.DARK_GREEN);
Diff.DefineColor("Negative and Down", Color.RED);
Diff.DefineColor("Negative and Up", Color.DARK_RED);
Diff.AssignValueColor(if Diff >= 0 then if Diff > Diff[1] then Diff.color("Positive and Up") else Diff.color("Positive and Down") else if Diff < Diff[1] then Diff.color("Negative and Down") else Diff.color("Negative and Up"));
ZeroLine.SetDefaultColor(GetColor(0));
UpSignal.SetDefaultColor(Color.UPTICK);
UpSignal.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
DownSignal.SetDefaultColor(Color.DOWNTICK);
DownSignal.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);

# show macd value signals 20/06/2022
UpSignalMacdValue.SetDefaultColor(Color.UPTICK);
UpSignalMacdValue.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
DownSignalMacdValue.SetDefaultColor(Color.DOWNTICK);
DownSignalMacdValue.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);

Thanks for sharing!!

As the MACD has very low values, I changed your variables to:

# show macd value signals 20/06/2022
input macdHigh = .15;
input macdLow = -.15;

Giving interesting signals as shown in the lower panel: