Request for Elder implies Indicator

Billions

Billions

Member
2019 Donor
Warehouse
Can this be converted to toS indicator. I found it

Code:
//
//
// If you use this code in its original/modified form, do drop me a note.
//
study("Elder Impulse System [LazyBear]", shorttitle="EIS_LB")
useCustomResolution=input(false, type=bool)
customResolution=input("D", type=resolution)
source = security(tickerid, useCustomResolution ? customResolution : period, close)
showColorBars=input(false, type=bool)
lengthEMA = input(13)
fastLength = input(12, minval=1), slowLength=input(26,minval=1)
signalLength=input(9,minval=1)

calc_hist(source, fastLength, slowLength) =>
    fastMA = ema(source, fastLength)
    slowMA = ema(source, slowLength)
    macd = fastMA - slowMA
    signal = sma(macd, signalLength)
    macd - signal

get_color(emaSeries, macdHist) =>
    g_f = (emaSeries > emaSeries[1]) and (macdHist > macdHist[1])
    r_f = (emaSeries < emaSeries[1]) and (macdHist < macdHist[1])
    g_f ? green : r_f ? red : blue
  
b_color = get_color(ema(source, lengthEMA), calc_hist(source, fastLength, slowLength))  
bgcolor(b_color, transp=0)
barcolor(showColorBars ? b_color : na)
 
Last edited by a moderator:
D

diazlaz

Well-known member
2019 Donor
VIP
hi @Billions , it's already available in ToS as a built-in Study, Impulse.
 

Top