MACD - Lower Indicator with levels any time frame

[candlestix]

Hi Everyone


Again new trader here. I was looking and using the Ultimate MACD indicator that @horserider created. I love that indicator!! I wanted to ask the community if there is a code that puts levels onto the indicator with a certain percentage or ratio depending on the time frame and ticker. I know the MACD numbers varies per time frame and ticker. Is there a way that a certain level can be added on the code and will create the levels above and below the zero line?

 

[MerryDay]

Hi Everyone


Again new trader here. I was looking and using the Ultimate MACD indicator that @horserider created. I love that indicator!! I wanted to ask the community if there is a code that puts levels onto the indicator with a certain percentage or ratio depending on the time frame and ticker. I know the MACD numbers varies per time frame and ticker. Is there a way that a certain level can be added on the code and will create the levels above and below the zero line?

https://usethinkscript.com/threads/normalized-macd-for-thinkorswim.9502/

 

[JP782]

https://usethinkscript.com/threads/normalized-macd-for-thinkorswim.9502/

@candlestix the Normalized MACD gives off VERY GOOD signals when Z2&Z4 lines cross but... BUT it flatlines BE CAREFUL using it.
Youre going to want to make some mods to it like having it draw vert lines(red down/green up) when the lines cross.I use a MACD 2lines with it with its settings adjusted as close as possible to match the NMACD for a visual

 

[candlestix]

@candlestix the Normalized MACD gives off VERY GOOD signals when Z2&Z4 lines cross but... BUT it flatlines BE CAREFUL using it.
Youre going to want to make some mods to it like having it draw vert lines(red down/green up) when the lines cross.I use a MACD 2lines with it with its settings adjusted as close as possible to match the NMACD for a visual

Thank you. Do you happen to know the codes for those lines when they cross?

 

[JP782]

Thank you. Do you happen to know the codes for those lines when they cross?

vertical lines?

 

[candlestix]

vertical lines?

Yes. Is there a code to add so it pops up on the indicator? Also if there is a scanner, especially for the LONG MACD indicator. Wanted to use it for the higher time frames. 1HR and up.

 

[JP782]

The MACD 2 Lines is built into TOS, change the setting to these, they are the closest I can find that matches the normalized-MACD
fastLength = 4.5;
slowLength = 10;
MACDLength = 20;



add these to the bottom of the normalized-MACD script so it makes vertical lines when it crosses, just keep in mind when they flatline you can get a lot of lines:

def Up= z2 > z4;
addverticalLine(Up[1]==0 and Up,”-up-”,color.DARK_green,CURVE.FIRM);
def Down= z2 < z4;
addverticalLine(Down[1]==0 and Down,”-down-”,color.red, curve.FIRM);

 

[candlestix]

THANK YOU! I will give this a try. So there isn't a scanner for higher time frames when the macd line turns from red to green is there?

It seems as thought the inputs of z2 and z4 is highlighted. Is there something in the code that i changed accidentally?