Impulse MACD [LazyBear] For ThinkOrSwim

[kelvin]

Author states:
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).

Here is the original Tradingview code:
https://www.tradingview.com/script/qt6xLfLi-Impulse-MACD-LazyBear/

For the new ThinkOrSwim code, you must scroll down to the next post

 

[samer800]

Check it out.

#// @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)
# Converted by Sam4Cok@Samer800 - 11/2022

declare lower;
input BarColor = no;#input(false, title="Enable bar colors")
input lengthMA = 34;
input lengthSignal = 9;
input src = hlc3;

def na = Double.NaN;
#calc_smma(src, len) =>
script calc_smma {
input src = close;
input len = 34;
    def smma = if isNaN(smma[1]) then SimpleMovingAvg(src, len) else (smma[1] * (len - 1) + src) / len;
    plot return = smma;
}
#calc_zlema(src, length) =>
script calc_zlema {
input src = close;
input length = 34;
    def ema1 = ExpAverage(src, length);
    def ema2 = ExpAverage(ema1, length);
    def d    = ema1-ema2;
    def zelma = ema1+d;
 plot return = zelma;
}

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

def md = if (mi>hi)then (mi-hi) else if (mi<lo) then (mi - lo) else 0;
def sb = SimpleMovingAvg(md, lengthSignal);
def sh=md-sb;
def mdc = if src>mi then if src>hi then 2 else 1 else if src<lo then -2 else -1;

#--- PLots
plot ImpulseSignal = sb;
ImpulseSignal.SetDefaultColor(Color.WHITE);
ImpulseSignal.SetLineWeight(2);

plot ImpulseHisto = sh;
ImpulseHisto.SetPaintingStrategy(PaintingStrategy.SQUARED_HISTOGRAM);
ImpulseHisto.SetDefaultColor(Color.BLUE);

plot ImpulseMACD = md;
ImpulseMACD.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
ImpulseMACD.AssignValueColor(if mdc==2 then Color.GREEN else
                             if mdc==1 then Color.DARK_GREEN else
                             if mdc==-2 then Color.RED else Color.DARK_RED);

plot "0" = if isNaN(close) then na else 0;
"0".SetDefaultColor(Color.DARK_GRAY);

#--- Bar Color
AssignPriceColor(if !BarColor then Color.CURRENT else
                 if mdc==2 then Color.GREEN else
                 if mdc==1 then Color.DARK_GREEN else
                 if mdc==-2 then Color.RED else Color.DARK_RED);


#--- END Code

 

[kelvin]

awesome as always, thanks super@Samer800

 

[JP782]

Video on this study for those wondering about it

 

[Russomf91]

hello samer800 awesome work as Allways thankyou my problem is I TRY convert this inciator
Impulse MACD [Lazy Bear] For Thinkorswim AFTER I copy I paste Create It show Red please help
tank you YOUR FOLLOWERS RUSS

 

[merryDay]

hello samer800 awesome work as Allways thankyou my problem is I TRY convert this inciator
Impulse MACD [Lazy Bear] For Thinkorswim AFTER I copy I paste Create It show Red please help
tank you YOUR FOLLOWERS RUSS

Nope, no red here. It sounds like you copy & pasted the wrong script or did not copy & paste the complete script
Copy & paste this one:
https://usethinkscript.com/threads/impulse-macd-lazybear-for-thinkorswim.13333/#post-112509

You need to cut and paste again.
1. follow these instructions:
https://usethinkscript.com/threads/how-to-import-existing-thinkscript-code-on-thinkorswim.10/
2. RE-COPY the WHOLE script MAKE SURE you are using this one:
https://usethinkscript.com/threads/impulse-macd-lazybear-for-thinkorswim.13333/#post-112509

Still having trouble?
You can use this shared study link: http://tos.mx/gM5vEan Click here for --> Easiest way to load shared links

 

[rkwchu]

#// @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)
# Converted by Sam4Cok@Samer800 - 11/2022
# modified on 5/Feb/2023

declare lower;
input BarColor = no; #input(false, title="Enable bar colors")
input lengthMA = 34;
input lengthSignal = 9;
input src = hlc3;

def na = Double.NaN;
#calc_smma(src, len) =>
script calc_smma {
input src = close;
input len = 34;
def smma = if isNaN(smma[1]) then SimpleMovingAvg(src, len) else (smma[1] * (len - 1) + src) / len;
plot return = smma;
}
#calc_zlema(src, length) =>
script calc_zlema {
input src = close;
input length = 34;
def ema1 = ExpAverage(src, length);
def ema2 = ExpAverage(ema1, length);
def d = ema1-ema2;
def zelma = ema1+d;
plot return = zelma;
}

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

def md = if (mi>hi)then (mi-hi) else if (mi<lo) then (mi - lo) else 0;
def sb = SimpleMovingAvg(md, lengthSignal);
def sh=md-sb;
def mdc = if src>mi then if src>hi then 2 else 1 else if src<lo then -2 else -1;

#--- PLots
plot ImpulseSignal = sb;
ImpulseSignal.SetDefaultColor(Color.WHITE);
ImpulseSignal.SetLineWeight(2);

plot ImpulseHisto = sh;
ImpulseHisto.SetPaintingStrategy(PaintingStrategy.SQUARED_HISTOGRAM);
ImpulseHisto.SetDefaultColor(Color.BLUE);

plot ImpulseMACD = md;
ImpulseMACD.SetLineWeight(2);
ImpulseMACD.AssignValueColor(if mdc==2 then Color.GREEN else
if mdc==1 then Color.DARK_GREEN else
if mdc==-2 then Color.RED else Color.orange);

plot "0" = if isNaN(close) then na else 0;
"0".SetDefaultColor(Color.DARK_GRAY);

#--- Bar Color
AssignPriceColor(if !BarColor then Color.CURRENT else
if mdc==2 then Color.GREEN else
if mdc==1 then Color.DARK_GREEN else
if mdc==-2 then Color.RED else Color.orange);

I would recommend changing the Plot of value "md" from histogram to line. In order to show the crossing more clearly.

 

[mailbagman2000]

I would recommend changing the Plot of value "md" from histogram to line. In order to show the crossing more clearly.

where do you change that?

 

[merryDay]

where do you change that?

To change paint properties:
1. Click on gear to the right of the indicator in chart settings
2. Click on the ImpulseMACD
3. Click where there is a histogram icon and change it to a line
4. You can unclick Show Plot on the ImpulseHisto
Below see the MACD as a histogram versus as a line
If you prefer the line. Here is the cloud statement that is shown below. Add it to the bottom of your script

addcloud(md, sb, color.green, color.red);

 

[dsharpeatl]

Hello, is there a way to make the impulse histogram bigger (taller)?

 

[dsharpeatl]

Hello, is there a way to make the impulse histogram bigger (taller)?

I figured it out. I just did plot ImpulseHisto = sh*2;

 

[merryDay]

Hello, is there a way to make the impulse histogram bigger (taller)?

You can. Not sure that you should.
To specify that the impulse histogram be a certain percentage bigger:

change this:

plot ImpulseHisto = sh;

to this:

plot ImpulseHisto = sh *1.5 ;

Change the 1.5 to whatever percentage "taller" that you want.

The blue impulse historgram at normal size

The blue histogram made bigger (taller)

 

[gjervis]

Is it possible to add overbought and oversold levels to the study?

 

[grind_sleep_grind]

Is it possible to add overbought and oversold levels to the study?

In the video above it mentions you have to add them manually based on relative highs and lows at minute 6:00

 

[rkwchu]

where do you change that?

I had posted the modified codes.

 

[Trader Raider]

Is it possible to add overbought and oversold levels to the study?

It's not hard to add them dynamically. Just add a plot for the highest high and lowest low of the impulse signal for last X number of bars. I did that mod for another platform (not TOS so please don't ask for the code). I haven't found the OB and OS levels as helpful as I'd hoped. For the timeframes and instruments that I trade, I prefer to look for agreement between fast and slow inputs. YMMV.

Best wishes and happy trading.

 

[stormy77]

It's not hard to add them dynamically. Just add a plot for the highest high and lowest low of the impulse signal for last X number of bars. I did that mod for another platform (not TOS so please don't ask for the code). I haven't found the OB and OS levels as helpful as I'd hoped. For the timeframes and instruments that I trade, I prefer to look for agreement between fast and slow inputs. YMMV.

Best wishes and happy trading.

I tried this, but I can never get a straight horizontal line. Ended up getting lines that follow above or below the signal line instead

 

[dsharpeatl]

check it out

#// @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)
# Converted by Sam4Cok@Samer800 - 11/2022

declare lower;
input BarColor = no;#input(false, title="Enable bar colors")
input lengthMA = 34;
input lengthSignal = 9;
input src = hlc3;

def na = Double.NaN;
#calc_smma(src, len) =>
script calc_smma {
input src = close;
input len = 34;
    def smma = if isNaN(smma[1]) then SimpleMovingAvg(src, len) else (smma[1] * (len - 1) + src) / len;
    plot return = smma;
}
#calc_zlema(src, length) =>
script calc_zlema {
input src = close;
input length = 34;
    def ema1 = ExpAverage(src, length);
    def ema2 = ExpAverage(ema1, length);
    def d    = ema1-ema2;
    def zelma = ema1+d;
 plot return = zelma;
}

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

def md = if (mi>hi)then (mi-hi) else if (mi<lo) then (mi - lo) else 0;
def sb = SimpleMovingAvg(md, lengthSignal);
def sh=md-sb;
def mdc = if src>mi then if src>hi then 2 else 1 else if src<lo then -2 else -1;

#--- PLots
plot ImpulseSignal = sb;
ImpulseSignal.SetDefaultColor(Color.WHITE);
ImpulseSignal.SetLineWeight(2);

plot ImpulseHisto = sh;
ImpulseHisto.SetPaintingStrategy(PaintingStrategy.SQUARED_HISTOGRAM);
ImpulseHisto.SetDefaultColor(Color.BLUE);

plot ImpulseMACD = md;
ImpulseMACD.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
ImpulseMACD.AssignValueColor(if mdc==2 then Color.GREEN else
                             if mdc==1 then Color.DARK_GREEN else
                             if mdc==-2 then Color.RED else Color.DARK_RED);

plot "0" = if isNaN(close) then na else 0;
"0".SetDefaultColor(Color.DARK_GRAY);

#--- Bar Color
AssignPriceColor(if !BarColor then Color.CURRENT else
                 if mdc==2 then Color.GREEN else
                 if mdc==1 then Color.DARK_GREEN else
                 if mdc==-2 then Color.RED else Color.DARK_RED);


#--- END Code

Thank you! This is awesome!

I would recommend changing the Plot of value "md" from histogram to line. In order to show the crossing more clearly.

I have been testing this indicator and it has been pretty good. I have the histogram hidden and I converted the impulse macd to line as mentioned above. I was wondering if it's possible to apply a highertime frame impulse on a smaller time frame chart to stay in trades longer? I am mostly day trading on the 5 min and would like to apply the impulse macd from the 10 min to the 5 min chart.

 

[tigerswon]

Can someone post the script with the cloud version only....I can't seem to get it to work by adding it at the end of the script. Thanks

 

[samer800]

Can someone post the script with the cloud version only....I can't seem to get it to work by adding it at the end of the script. Thanks

try thid

#// @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)
# Converted by Sam4Cok@Samer800 - 11/2022

declare lower;
input BarColor = no;#input(false, title="Enable bar colors")
input lengthMA = 34;
input lengthSignal = 9;
input src = hlc3;

def na = Double.NaN;
#calc_smma(src, len) =>
script calc_smma {
input src = close;
input len = 34;
    def smma = if isNaN(smma[1]) then SimpleMovingAvg(src, len) else (smma[1] * (len - 1) + src) / len;
    plot return = smma;
}
#calc_zlema(src, length) =>
script calc_zlema {
input src = close;
input length = 34;
    def ema1 = ExpAverage(src, length);
    def ema2 = ExpAverage(ema1, length);
    def d    = ema1-ema2;
    def zelma = ema1+d;
 plot return = zelma;
}

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

def md = if (mi>hi)then (mi-hi) else if (mi<lo) then (mi - lo) else 0;
def sb = SimpleMovingAvg(md, lengthSignal);
def sh=md-sb;
def mdc = if src>mi then if src>hi then 2 else 1 else if src<lo then -2 else -1;

#--- PLots
plot ImpulseSignal = sb;
ImpulseSignal.SetDefaultColor(Color.WHITE);
ImpulseSignal.SetLineWeight(2);

plot ImpulseHisto = sh;
ImpulseHisto.SetPaintingStrategy(PaintingStrategy.SQUARED_HISTOGRAM);
ImpulseHisto.SetDefaultColor(Color.BLUE);

plot ImpulseMACD = md;
#ImpulseMACD.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
ImpulseMACD.AssignValueColor(if mdc==2 then Color.GREEN else
                             if mdc==1 then Color.DARK_GREEN else
                             if mdc==-2 then Color.RED else Color.DARK_RED);

plot "0" = if isNaN(close) then na else 0;
"0".SetDefaultColor(Color.DARK_GRAY);

#--- Bar Color
AssignPriceColor(if !BarColor then Color.CURRENT else
                 if mdc==2 then Color.GREEN else
                 if mdc==1 then Color.DARK_GREEN else
                 if mdc==-2 then Color.RED else Color.DARK_RED);


#--- END Code

addcloud(md, sb, color.green, color.red);