MACD Leader [LazyBear] For ThinkOrSwim

[oldyoungguy]

One of friends recommend the following MACD Leader (by LazyBear) to me.
https://www.tradingview.com/v/y9HCZoQi/

https://www.tradingview.com/chart/32jXEFZC/?symbol=NASDAQ:AAPL

It looks like it is popular there. It seems a good indicator. But it is not a ThinkScript one. Anybody can help me to convert it to ThinkScript? Thank you in advance.

It is a really popular indicator in the TradingView community, I think. The number on the screen shot says everything. Please make it work for us as well.

 

[samer800]

It is a really popular indicator in the TradingView community, I think. The number on the screen shot says everything. Please make it work for us as well.

find below.

#// @author LazyBear
#study("MACD Leader [LazyBear]", shorttitle="MACDL_LB")
# Converted by Sam4Cok@Samer800 - 01/2023
declare lower;
input src = close;
input shortLength = 12;#, title="Fast Length")
input longLength = 26;#, title="Slow Length")
input sigLength = 9;#, title="Signal Length")
input MaType = AverageType.EXPONENTIAL;
input showMACD = no;
input showMACDSignal = no;

def na = Double.NaN;
def sema = MovingAverage(MaType, src, shortLength);
def lema = MovingAverage(MaType, src, longLength);
def i1 = sema + MovingAverage(MaType, src - sema, shortLength);
def i2 = lema + MovingAverage(MaType, src - lema, longLength);
def macdl = i1 - i2;
def macd = sema - lema;

plot hline = if isNaN(close) then na else 0;
hline.SetDefaultColor(Color.GRAY);
plot MACDLeader = macdl;#, title="MACDLeader", color=maroon, linewidth=2)
MACDLeader.SetDefaultColor(Color.WHITE);
MACDLeader.SetLineWeight(2);

plot MACDLine = if showMACD then macd else na;#, title="MACD", color=green)
MACDLine.SetDefaultColor(Color.GREEN);
plot Signal = if showMACDSignal then Average(macd, sigLength) else na;#, title="Signal", color=red)
Signal.SetDefaultColor(Color.RED);

#--- END CODE