• Get $40 off VIP by signing up for a free account! Sign Up

MACD and TTM Histogram count

rvaidyamath

New member
Hello there

I need to get the count of the bar(s) when they have crossed the MACD histogram up or down to the current bar.

if current histogram is up in positive territory (above the zero line) for the last five consecutive times, i need the output to be 5
Help is much appreciated. - Raj
 
Hello there

I need to get the count of the bar(s) when they have crossed the MACD histogram up or down to the current bar.

if current histogram is up in positive territory (above the zero line) for the last five consecutive times, i need the output to be 5
Help is much appreciated. - Raj

this counts the bars, restarting at 1, when the MACD histogram changes from plus to minus, or vice versa.


Code:
# macd_bar_cnt

#https://usethinkscript.com/threads/macd-and-ttm-histogram-count.17129/
#MACD and TTM Histogram count

# MACD
# TD Ameritrade IP Company, Inc. (c) 2007-2023

declare lower;

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

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;

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);

#--------------------------------------

def na = double.nan;
def bn = barnumber();
def lastbn = HighestAll(If(IsNaN(close), 0, bn));
def lastbar = if (bn == lastbn) then 1 else 0;
#def lastbar = !isnan(close[0]) and isnan(close[-1]);

# if a signal crosses 0, multiplying before and after values, will be negative
#  else if (diff * diff[1]) < 0 then 1
def diffcnt = if bn == 1 then 1
 else if (diff * diff[1]) < 0 then 1
 else diffcnt[1] + 1;

addlabel(1, "bar count: " + diffcnt, color.yellow);

input count_bubble = yes;
addchartbubble(lastbar, diff*1.1,
diffcnt
, color.yellow, (if diff > 0 then 1 else 0));
#

DupTq3F.jpg
 
this counts the bars, restarting at 1, when the MACD histogram changes from plus to minus, or vice versa.


Code:
# macd_bar_cnt

#https://usethinkscript.com/threads/macd-and-ttm-histogram-count.17129/
#MACD and TTM Histogram count

# MACD
# TD Ameritrade IP Company, Inc. (c) 2007-2023

declare lower;

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

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;

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);

#--------------------------------------

def na = double.nan;
def bn = barnumber();
def lastbn = HighestAll(If(IsNaN(close), 0, bn));
def lastbar = if (bn == lastbn) then 1 else 0;
#def lastbar = !isnan(close[0]) and isnan(close[-1]);

# if a signal crosses 0, multiplying before and after values, will be negative
#  else if (diff * diff[1]) < 0 then 1
def diffcnt = if bn == 1 then 1
 else if (diff * diff[1]) < 0 then 1
 else diffcnt[1] + 1;

addlabel(1, "bar count: " + diffcnt, color.yellow);

input count_bubble = yes;
addchartbubble(lastbar, diff*1.1,
diffcnt
, color.yellow, (if diff > 0 then 1 else 0));
#

DupTq3F.jpg


Excellent ; how do i do this check on TTM SQuueze indicator... other than MACD
 

Join useThinkScript to post your question to a community of 21,000+ developers and traders.

Similar threads

Not the exact question you're looking for?

Start a new thread and receive assistance from our community.

87k+ Posts
406 Online
Create Post

Similar threads

Similar threads

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.
Back
Top