MACD SQUEEZE [Bathula] For ThinkOrSwim

[kaiso]

mod note:
Squeeze Trade Summary per Google search:

Look for price to be in a range or consolidation phase.

MACD histogram should be displaying a flat pattern with no evident peaks or troughs.

Await the price movement breaking out of the established market phase, to confirm direction

Validate the breakout by confirming an increase in volume

https://www.tradingview.com/script/GHlxc37J-MACD-SQUEEZE-Bathula/

 

[samer800]

https://www.tradingview.com/script/GHlxc37J-MACD-SQUEEZE-Bathula/

fine below

#//@version=3
#study("MACD SQUEEZE [Bathula]")
# converted by Sam4Cok@Samer800    - Request from useThinkScript.com member
Declare lower;

input movAvgType = AverageType.EXPONENTIAL;
input BollingerSource = hlc3;     # "Source"
input BollingerLength = 12;       # "Bollinger length")
input BollingerMulti  = 2.0;      # "Bollinger deviation")
input keltnerSource   = close;    # "Source"
input keltnerLength   = 25;       # "keltner Length")
input KeltnerMulti    = 1.25;     # "Keltner deviation")
input macdSource      = close;    # "Source"
input macdFastLength  = 12;
input macdSlowLength  = 26;
input macdSignalLength = 12;

def na = Double.NaN;
def last = isNaN(close);
#//Keltner
def nATR = ATR(Length = keltnerLength);
def kUpper = MovingAverage(movAvgType, keltnerSource, keltnerLength) + KeltnerMulti * nATR;
def kLower = MovingAverage(movAvgType, keltnerSource, keltnerLength) - KeltnerMulti * nATR;
#//--- Bollinger
def stdv = stdev(BollingerSource, BollingerLength);
def bbUpper = MovingAverage(movAvgType, BollingerSource, BollingerLength) + BollingerMulti * stdv;
def bbLower = MovingAverage(movAvgType, BollingerSource, BollingerLength) - BollingerMulti * stdv;
#//--- BB Squeeze
def squeeze = bbUpper <= kUpper and bbLower >=kLower;
#//macd
def fastMA = MovingAverage(movAvgType, macdSource, macdFastLength);
def slowMA = MovingAverage(movAvgType, macdSource, macdSlowLength);
def macd = fastMA - slowMA;
def signal = Average(macd, macdSignalLength);
def hist = macd - signal;

#//plots
plot macdLine = macd;
plot sigLine  = signal;
plot zero = if last then na else 0; # "Squeeze indicator"
plot Histogram = hist;              # "Histogram"

zero.SetPaintingStrategy(PaintingStrategy.SQUARES);
zero.AssignValueColor(if squeeze then Color.YELLOW else Color.DARK_GRAY);
Histogram.SetPaintingStrategy(PaintingStrategy.SQUARED_HISTOGRAM);
Histogram.AssignValueColor(if hist>=0 then (if hist[1] < hist then Color.GREEN else Color.DARK_GREEN) else
                                           (if hist[1] < hist then Color.DARK_RED else Color.RED));
macdLine.SetDefaultColor(Color.CYAN);
sigLine.SetDefaultColor(Color.MAGENTA);

#-- End of CODE

 

[kaiso]

fine below

#//@version=3
#study("MACD SQUEEZE [Bathula]")
# converted by Sam4Cok@Samer800    - Request from useThinkScript.com member
Declare lower;

input movAvgType = AverageType.EXPONENTIAL;
input BollingerSource = hlc3;     # "Source"
input BollingerLength = 12;       # "Bollinger length")
input BollingerMulti  = 2.0;      # "Bollinger deviation")
input keltnerSource   = close;    # "Source"
input keltnerLength   = 25;       # "keltner Length")
input KeltnerMulti    = 1.25;     # "Keltner deviation")
input macdSource      = close;    # "Source"
input macdFastLength  = 12;
input macdSlowLength  = 26;
input macdSignalLength = 12;

def na = Double.NaN;
def last = isNaN(close);
#//Keltner
def nATR = ATR(Length = keltnerLength);
def kUpper = MovingAverage(movAvgType, keltnerSource, keltnerLength) + KeltnerMulti * nATR;
def kLower = MovingAverage(movAvgType, keltnerSource, keltnerLength) - KeltnerMulti * nATR;
#//--- Bollinger
def stdv = stdev(BollingerSource, BollingerLength);
def bbUpper = MovingAverage(movAvgType, BollingerSource, BollingerLength) + BollingerMulti * stdv;
def bbLower = MovingAverage(movAvgType, BollingerSource, BollingerLength) - BollingerMulti * stdv;
#//--- BB Squeeze
def squeeze = bbUpper <= kUpper and bbLower >=kLower;
#//macd
def fastMA = MovingAverage(movAvgType, macdSource, macdFastLength);
def slowMA = MovingAverage(movAvgType, macdSource, macdSlowLength);
def macd = fastMA - slowMA;
def signal = Average(macd, macdSignalLength);
def hist = macd - signal;

#//plots
plot macdLine = macd;
plot sigLine  = signal;
plot zero = if last then na else 0; # "Squeeze indicator"
plot Histogram = hist;              # "Histogram"

zero.SetPaintingStrategy(PaintingStrategy.SQUARES);
zero.AssignValueColor(if squeeze then Color.YELLOW else Color.DARK_GRAY);
Histogram.SetPaintingStrategy(PaintingStrategy.SQUARED_HISTOGRAM);
Histogram.AssignValueColor(if hist>=0 then (if hist[1] < hist then Color.GREEN else Color.DARK_GREEN) else
                                           (if hist[1] < hist then Color.DARK_RED else Color.RED));
macdLine.SetDefaultColor(Color.CYAN);
sigLine.SetDefaultColor(Color.MAGENTA);

#-- End of CODE

Thank you

 

[JustDoIt]

Great Scripts.. Is there away you can have this Macd_squeeze into a watchlist column?
Thank you