Author Message:
SAR MACD is an idea of implementing Directional MACD with Parabolic SAR to exactly detect and confirm Trend. This p-SAR MACD consist of a HYBRID MACD which acts as MACD TREND oscillator, MACD Oscillator, PSAR Indicator combined with MA line. thus Fake MACD Signals can be eliminated using this SAR MACD. Sideways can be detected using Threshold Levels must be adjusted based on timeframe.
Indicators Hybrid model contains:
1.MACD (12,26,9) Standard with MA Crossovers
2.MACD Trend
3.Parabolic SAR with 0.02
4.Threshold level - indicates Sideways
How to use.
Histogram:
-> HIST MODE: normal MACD indicator
MA Line Color is based on PSAR Direction Blue-Up/ Pink -Down
A crossover upside with a Blue MA line denotes Up confirmation
A Crossover downwards with a red MA line denotes Down Confirmation
Additionally Histogram above zero line and below zero line are to be confirmed
-> MACD MODE: MACD Trend indicator
MA Line Color is based on PSAR Direction Blue-Up/ Pink -Down
A crossover upside with a Blue MA line denotes Up confirmation
A Crossover downwards with a red MA line denotes Down Confirmation
Additionally Histogram above zero line and below zero denotes long term Trend
-> Histogram Color: Indicates candles direction
Yellow indicates Unconfirmed Direction
Green Indicates up direction
Red Indicates Down Direction
Buy Condition:
MA Color - Blue
Histogram- Above Zero
Histogram/Candle -Green
MA Crossover is must
Sell Condition:
MA Color - Red
Histogram- Below Zero
Histogram/Candle -Red
MA Cross under is must
Warning: Must not be used as a standalone indicator. Use for confirmation of your Buy Sell Signals and Entry only.
CODE:
CSS:
#// https://www.tradingview.com/v/uXB6f9Y5/
#// © traderharikrishna
#indicator("SARMACD")
# Converted and mod by Sam4Cok@Samer800 - 05/2023
declare lower;
input ColorBars = yes;
input ShowSignals = no;
input sideways = 5;#,'sideways')
input GraphType = {default MACD, HIST}; # 'Graph Type'
input fastLength = 12;
input slowLength = 26;
input macdLength = 9;
input averageType = AverageType.EXPONENTIAL;
def na = Double.NaN;
def pos = Double.POSITIVE_INFINITY;
def neg = Double.NEGATIVE_INFINITY;
def last = isNaN(close);
def macdSel = GraphType==GraphType.MACD;
def HistSel = GraphType==GraphType.HIST;
def sar = ParabolicSAR();
def cross = crosses(close,sar);
def sa = if cross then close else sa[1];
def dir = if sar < close then 1 else -1;
def m = MovingAverage(averageType, close, fastLength) - MovingAverage(averageType, close, slowLength);
def s = MovingAverage(averageType, m, MACDLength);
def h = m - s;
def bc = if dir == 1 and close > sa and m>0 then 1 else
if dir == -1 and close < sa and m<0 then -1 else 0;
def hc = if dir == 1 and close > sa and h>0 then 1 else
if dir == -1 and close < sa and h<0 then -1 else 0;
plot SigLine = s;
plot Hist = if HistSel then m else na;
plot macd = if macdSel then m else h;
macd.SetLineWeight(3);
macd.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
macd.AssignValueColor(if macdSel then
if bc>0 then CreateColor(1, 185, 7) else
if bc<0 then CreateColor(224, 4, 4) else Color.YELLOW else
if hc>0 then CreateColor(1, 185, 7) else
if hc<0 then CreateColor(224, 4, 4) else Color.YELLOW);
Hist.SetLineWeight(2);
Hist.SetDefaultColor(Color.WHITE);
SigLine.SetStyle(Curve.POINTS);
SigLine.AssignValueColor(if dir==1 then Color.CYAN else Color.MAGENTA);
plot limitUp = if last then na else TickSize() * sideways;
plot limitDn = if last then na else TickSize() * -sideways;
plot Mid = if last then na else 0; # 'Zero line'
limitUp.SetDefaultColor(Color.GRAY);
limitDn.SetDefaultColor(Color.GRAY);
mid.SetDefaultColor(Color.GRAY);
limitUp.SetPaintingStrategy(PaintingStrategy.DASHES);
limitDn.SetPaintingStrategy(PaintingStrategy.DASHES);
# Background
def buy_ = h>0 and dir==1;
def sell_= h<0 and dir==-1;
AddCloud(if buy_ then pos else na, neg, Color.DARK_GREEN);
AddCloud(if sell_ then pos else na, neg, Color.DARK_REd);
#-- Alerts
def buy = h>0 and dir==1 and dir[1]==-1;
def sell = h<0 and dir==-1 and dir[1]==1;
AddChartBubble(ShowSignals and buy, macd, "B", Color.GREEN, no);
AddChartBubble(ShowSignals and sell, macd, "S", Color.RED, yes);
#--- Bar Color
AssignPriceColor(if !ColorBars then Color.CURRENT else
if macdSel then
if bc>0 then CreateColor(1, 185, 7) else
if bc<0 then CreateColor(224, 4, 4) else Color.YELLOW else
if hc>0 then CreateColor(1, 185, 7) else
if hc<0 then CreateColor(224, 4, 4) else Color.YELLOW);
#--- END of CODE
