EMA200, MACD, ADX arrows

[OicoforPenn]

hey any help would be appreciated , trying to get a 2 custom studies to plot arrows over price chart

1. Price close is less than the 200 exponential moving average
MACDHistogramCrossover(exponential) is less then MACD(exponential) zeroline
ADX exponential is equal to or greater than 20

2.Price close is greater than the 200 exponential moving average
MACDHistogramCrossover(exponential) is greater then MACD(exponential) zeroline
ADX exponential is equal to or greater than 20

pretty sure both conditions can go on one study but i'm lost.

pretty sure can edit the MACDStrat from strategies i'm just not sure how to do it

 

[SleepyZ]

hey any help would be appreciated , trying to get a 2 custom studies to plot arrows over price chart

1. Price close is less than the 200 exponential moving average
MACDHistogramCrossover(exponential) is less then MACD(exponential) zeroline
ADX exponential is equal to or greater than 20

2.Price close is greater than the 200 exponential moving average
MACDHistogramCrossover(exponential) is greater then MACD(exponential) zeroline
ADX exponential is equal to or greater than 20

pretty sure both conditions can go on one study but i'm lost.

pretty sure can edit the MACDStrat from strategies i'm just not sure how to do it

Since TOS studies and strategies codes, when available, are open source. You can copy and paste them into a new study or strategy, respectively, and then modify them.

The code below modifies the Strategy with my understanding of your ideas.

The Stategy will plot large green/red arrows where if the buy/sell conditions are not true on the bar previously and then true on the current bar.

The Strategy's addorders are based upon a buy until a sell occurs and vice versa. So the same corored large arrows can occur multiple times between addorders.

The image below has the 200 moving average, MACD Histogram and ADX for testing purposes.

#
# TD Ameritrade IP Company, Inc. (c) 2013-2022
#



input fastLength = 12;
input slowLength = 26;
input macdLength = 9;
input averageType = AverageType.EXPONENTIAL;

def diff = reference MACD(fastLength, slowLength, macdLength, averageType).Diff;

def sell = close < movingaverage(averagetype, close, 200) and
           diff < 0 and  
           adx() >= 20;
def buy = close > movingaverage(averagetype, close, 200) and
          diff > 0 and  
          adx() >= 20;

#Arrows
input show_arrows = yes;

plot down = if show_arrows and sell[1] == 0 and sell
            then high else double.nan;
down.setpaintingStrategy(PaintingStrategy.ARROW_DOWN);
down.setlineWeight(5);
down.setdefaultColor(color.red);

plot up   = if show_arrows and buy[1] == 0 and buy
            then low else double.nan;
up.setpaintingStrategy(paintingStrategy.ARROW_UP);
up.setlineWeight(5);
up.setdefaultColor(color.green);

AddOrder(OrderType.BUY_AUTO, buy, tickColor = GetColor(0), arrowColor = GetColor(0), name = "MACDStratLE");
AddOrder(OrderType.SELL_AUTO, sell, tickColor = GetColor(1), arrowColor = GetColor(1), name = "MACDStratSE");

 

[OicoforPenn]

Thank you very much. This definitely help me find the breakouts I'm looking for better. Only issue is it's not respecting your 0. i was looking for crossover under and over 0 line on the macd itself. it seems to show an arrow every time there is a crossover regardless the signal is under zero line. if you could me out. i'll gladly cash app you some bread for help

 

[OicoforPenn]

@SleepyZ
I applied your code and I found an example of it working perfectly and second arrow giving faulty alert. The first green arrow shows adx above 20 and macd crossover happening beneath the purple zeroline. That is what i'm looking for. the second arrow meets all the right criteria except macd crossover happens above the zero purple line.

see link

https://twitter.com/i/web/status/1528511420664512514

I really would appreciate the help and willing give a tip too

 

[OicoforPenn]

for anyone that stumbles across thread i figured it out by using modifying macdcrossover. i'll drop code both ways following.

Buy indicator arrows:

input fastLength = 12;

input slowLength = 26;

input MACDLength = 9;

input averageType = AverageType.EXPONENTIAL;

input crossingType = {default "Positive to Negative", "Negative to Positive"};



def Diff = MACD(fastLength, slowLength, MACDLength, averageType).Diff;
def buy = close is greater than MovAvgExponential("length" = 200)."AvgExp" and ADX("average type" = "EXPONENTIAL") is greater than or equal to 20;
def con1 = MACD(fastLength, slowLength, MACDLength, averageType).value;


plot signal = con1 < 0 and buy and crosses(Diff, 0, crossingType == CrossingType."Negative to Positive");



signal.DefineColor("Negative to Positive", GetColor(2));

signal.DefineColor("Positive to Negative", GetColor(3));

signal.AssignValueColor(if crossingType == CrossingType."Negative to Positive" then signal.color("Negative to Positive") else signal.color("Positive to Negative"));



signal.SetPaintingStrategy(if crossingType == CrossingType."Negative to Positive"

then PaintingStrategy.BOOLEAN_ARROW_UP

else PaintingStrategy.BOOLEAN_ARROW_DOWN);

Sell indicator arrows:

input fastLength = 12;

input slowLength = 26;

input MACDLength = 9;

input averageType = AverageType.EXPONENTIAL;

input crossingType = {default "Positive to Negative", "Negative to Positive"};



def Diff = MACD(fastLength, slowLength, MACDLength, averageType).Diff;
def sell = close is less than MovAvgExponential("length" = 200)."AvgExp" and ADX("average type" = "EXPONENTIAL") is greater than or equal to 20;
def con1 = MACD(fastLength, slowLength, MACDLength, averageType).value;


plot signal = con1 > 0 and sell and crosses(Diff, 0, crossingType == CrossingType."Negative to Positive");



signal.DefineColor("Negative to Positive", GetColor(2));

signal.DefineColor("Positive to Negative", GetColor(3));

signal.AssignValueColor(if crossingType == CrossingType."Negative to Positive" then signal.color("Negative to Positive") else signal.color("Positive to Negative"));



signal.SetPaintingStrategy(if crossingType == CrossingType."Negative to Positive"

then PaintingStrategy.BOOLEAN_ARROW_UP

else PaintingStrategy.BOOLEAN_ARROW_DOWN);

https://twitter.com/i/web/status/1528852692831027200

 

[stocksniper]

Hello, what do I have to remove on the script if I only want the MACD arrows without the ADX and the 200 EMA affecting it. Thanks in advance.

 

[MerryDay]

Hello, what do I have to remove on the script if I only want the MACD arrows without the ADX and the 200 EMA affecting it. Thanks in advance.

As @SleepyZ pointed out these are ToS studies.
You can just add them to your chart
You do need to go into chart settings and choose the plot:

Here is a shared chart link to get you started: http://tos.mx/4UtRPJx
Click here for --> Easiest way to load shared links