MACD Multi-MA For ThinkOrSwim

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

Hi @ykd2018x

thanks for sharing - looked interesting, here is an initial port and my interpretation of it, all, please feel free to tweak and make adjustments.

x4u5Lq0.png


Setup:

TnNxY5t.png


Ruby:
#MACD Multi-MA for ThinkorSwim V1.0
#
#CREDITS
# Craig_Claussen
# https://www.tradingview.com/script/34lAHcyo-MACD-Multi-MA-Strategy
#
#CHANGELOG
# 2019.12.05 1.0 @diazlaz - Initial Port

#
#
#DESCRIPTION
# This script applies the average of each major MA ( SMA , RMA, EMA , WVMA, WMA )
# to the MACD formula
#
#
#INSTRUCTIONS
# Add to upper and lower study
# Set upper = showArrows = yes; ColorBars = yes; showPlots = no;
# Set lower = showArrows = no; ColorBars = no; showPlots = yes;
#
#

#INPUTS
input src = close;
input len1 = 8; #Fast Lookback
input len2 = 144; #Slow Lookback
input showPlots = yes; #show MA plots (lower study)
input showArrows = no; #show Arrows (upper study)
input showColorBars = no; #show color bars (optional upper study)

#CORE
def length = len2-len1;
def ma = sum(src * volume, length) / sum(volume,length);

def length1 = len2-len1;
def ma1 = MovingAverage(AverageType.WEIGHTED, src, length1);

def length2 = len2-len1;
def ma2 = Average(src, length2);

def length3 = len2-len1;
def ma3 = wma(src, length3);

def length4 = len2-len1;
def ma4 = ExpAverage(src, length4);

#STATES
def long = ma > ma[1] and ma1 > ma1[1] and ma2 > ma2[1] and ma3 > ma3[1] and ma4 > ma4[1];
def short = ma < ma[1] and ma1 < ma1[1] and ma2 < ma2[1] and ma3 < ma3[1] and ma4 < ma4[1];
def sState = if long then 100 else if short then -100 else sState[1];

#PLOTS
plot pMA1 = ma1;
plot pMA2 = ma2;
plot pMA3 = ma3;
plot pMA4 = ma4;
pMA1.SetHiding(!showPlots);
pMA2.SetHiding(!showPlots);
pMA3.SetHiding(!showPlots);
pMA4.SetHiding(!showPlots);

# ARROWS
plot pUP = sState crosses above 0;
pUP.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
pUP.SetDefaultColor(Color.GREEN);
pUP.SetLineWeight(2);
pUP.SetHiding(!showArrows);

plot pDown = sState crosses below 0;
pDown.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
pDown.SetDefaultColor(Color.RED);
pDown.SetLineWeight(2);
pDown.SetHiding(!showArrows);

#COLORBARS
AssignPriceColor(if showColorBars then
if sState > 0 then Color.GREEN
  else Color.RED
else
  COLOR.CURRENT
);

#END OF MACD Multi-MA for ThinkorSwim V1.0
 

Similar threads

Not the exact question you're looking for?

Start a new thread and receive assistance from our community.

87k+ Posts
332 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