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#### horserider

##### Well-known member

**VIP**

**Warehouse**

@Lambert58 A screenshot might help to solve the problem.

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@Lambert58 A screenshot might help to solve the problem.

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Please let me know if this can be seen.

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edit study

Please let me know if this can be seen.

uncheck data box on bottom portion

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Good Morning, I wanted to say Thank you to both of you, your responses helped me a great deal.

Hello Horserider, The MACD with Bollinger bands is very intriguing. I can't wait to try it in my ToS. Is it possible for you to create a shareable link ? If not, can you tell me how to get it into my ToS ? Thank you, SFRTo celebrate the Appreciation Day here is a MACD indicator. It uses a color coded MACD line to show changes. There is a moving average of the MACD signal line. And MACD bands to show volatility. The signal would be the cross of MACD (Green/RED) and signal line (White). A photo is also below to give tips on trading the indicator. The lengths can be adjusted to suit your trading.

Any questions just ask.

Here is the code:

Code:`# Ultimate MACD by Horserider 8/30/2019 declare lower; input fastLength = 6; input slowLength = 13; input MACDLength = 6; input AverageTypeMACD = {SMA, default EMA, Wilders}; input price = close; input displace = 0; def MACD_Data = MACD(fastLength = fastLength, slowLength = slowLength, MACDLength = MACDLength); plot MACD_Line = MACD_Data; MACD_Line.DefineColor("Up", Color.GREEN); MACD_Line.DefineColor("Down", Color.RED); MACD_Line.DefineColor("Even", Color.WHITE); MACD_Line.AssignValueColor(if MACD_Line > MACD_Line[1] then MACD_Line.Color("Up") else (if MACD_Line == MACD_Line[1] then MACD_Line.Color("Even") else MACD_Line.Color("Down"))); MACD_Line.SetLineWeight(3); def Value; plot Avg; switch (AverageTypeMACD) { case SMA: Value = Average(price, fastLength) - Average(price, slowLength); Avg = Average(Value, MACDLength); case EMA: Value = ExpAverage(price, fastLength) - ExpAverage(price, slowLength); Avg = ExpAverage(Value, MACDLength); case Wilders: Value = WildersAverage(price, fastLength) - WildersAverage(price, slowLength); Avg = ExpAverage(Value, MACDLength); } Avg.SetDefaultColor(Color.WHITE); #plot BB; #Bollinger BandsSMA,EMA input AverageTypeBB = {default SMA, EMA, HMA}; input displaceBB = 0; input lengthBB = 20; input Num_Dev_Dn = -2.0; input Num_Dev_up = 2.0; plot upperBand; plot lowerBand; def midline; switch (AverageTypeBB) { case SMA: upperBand = reference BollingerBands(MACD_Line, displaceBB, lengthBB, Num_Dev_Dn, Num_Dev_up).UpperBand; lowerBand = reference BollingerBands(MACD_Line, displaceBB, lengthBB, Num_Dev_Dn, Num_Dev_up).LowerBand; midline = reference BollingerBands(MACD_Line, displaceBB, lengthBB, Num_Dev_Dn, Num_Dev_up).Midline; case EMA: upperBand = reference BollingerBands(MACD_Line, displaceBB, lengthBB, Num_Dev_Dn, Num_Dev_up, averageType = AverageType.EXPONENTIAL).UpperBand; lowerBand = reference BollingerBands(MACD_Line, displaceBB, lengthBB, Num_Dev_Dn, Num_Dev_up, averageType = AverageType.EXPONENTIAL).LowerBand; midline = reference BollingerBands(MACD_Line, displaceBB, lengthBB, Num_Dev_Dn, Num_Dev_up, averageType = AverageType.EXPONENTIAL).Midline; case HMA: upperBand = reference BollingerBands(MACD_Line, displaceBB, lengthBB, Num_Dev_Dn, Num_Dev_up, averageType = AverageType.EXPONENTIAL).UpperBand; lowerBand = reference BollingerBands(MACD_Line, displaceBB, lengthBB, Num_Dev_Dn, Num_Dev_up, averageType = AverageType.EXPONENTIAL).LowerBand; midline = reference BollingerBands(MACD_Line, displaceBB, lengthBB, Num_Dev_Dn, Num_Dev_up, averageType = AverageType.EXPONENTIAL).Midline; } upperBand.SetDefaultColor(Color.GRAY); upperBand.DefineColor("Up", Color.CYAN); upperBand.DefineColor("Down", Color.PINK); upperBand.DefineColor("Even", Color.GRAY); upperBand.AssignValueColor(if upperBand > upperBand[1] and lowerBand < lowerBand[1] then upperBand.Color("Up") else (if upperBand < upperBand[1] and lowerBand > lowerBand[1] then upperBand.Color("Down") else upperBand.Color("Even"))); upperBand.SetLineWeight(2); lowerBand.SetDefaultColor(Color.GRAY); lowerBand.DefineColor("Up", Color.CYAN); lowerBand.DefineColor("Down", Color.PINK); lowerBand.DefineColor("Even", Color.GRAY); lowerBand.AssignValueColor(if upperBand > upperBand[1] and lowerBand < lowerBand[1] then upperBand.Color("Up") else (if upperBand < upperBand[1] and lowerBand > lowerBand[1] then upperBand.Color("Down") else upperBand.Color("Even"))); plot midline1 = midline;`

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@C-Note Johnson Check first post. Shares placed there.

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Code:

```
plot Data = close;declare lower;
input fastLength = 12;
input slowLength = 26;
input MACDLength = 9;
# Four Pole Filter
script g{
input length = 4;
input betaDev = 2;
input price = OHLC4;
def c;
def w;
def beta;
def alpha;
def G;
c = price;
w = (2 * Double.Pi / length);
beta = (1 - Cos(w)) / (Power(1.414, 2.0 / betaDev) - 1 );
alpha = (-beta + Sqrt(beta * beta + 2 * beta));
G = Power(alpha, 4) * c +
4 * (1 – alpha) * G[1] – 6 * Power( 1 - alpha, 2 ) * G[2] +
4 * Power( 1 - alpha, 3 ) * G[3] - Power( 1 - alpha, 4 ) * G[4];
plot Line = G;
}
# Modified MACD
plot Value = g(length = fastLength) - g(length = slowLength);
plot Avg = g(price = Value, length = MACDLength);
plot Diff = Value - Avg;
plot ZeroLine = 0;
Value.SetDefaultColor(GetColor(1));
Avg.SetDefaultColor(GetColor(8));
Diff.SetDefaultColor(GetColor(5));
Diff.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
Diff.SetLineWeight(3);
Diff.DefineColor("Positive and Up", Color.GREEN);
Diff.DefineColor("Positive and Down", Color.DARK_GREEN);
Diff.DefineColor("Negative and Down", Color.RED);
Diff.DefineColor("Negative and Up", Color.DARK_RED);
Diff.AssignValueColor(if Diff >= 0 then if Diff > Diff[1] then Diff.color("Positive and Up") else Diff.color("Positive and Down") else if Diff < Diff[1] then Diff.color("Negative and Down") else Diff.color("Negative and Up"));
ZeroLine.SetDefaultColor(GetColor(0));
# End Code Modified MACD - Gaussian
```

Last edited by a moderator:

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# MACD with a more Normal Distribution

# Mobius

# V01.09.2015

#Hint: Plots a Gaussian distribution. If Normal Distribution is met, then at minimum, 68.2% of the close values should be inside a One Standard Deviation Envelope and 95.4% of the close values should be inside a 2 Standard Deviation Envelope.

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@emm11 http://tos.mx/4Tac3hS

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How do you add it on thinkorswim platform? Is there a video that I can watch?Update to show versatility of the study to fit different trading styles. Will include shares to each variation but same can be accomplished by changing the inputs.

Standard MACD 12,26,9 BB length 20. http://tos.mx/sw3SJkx

Short term MACD 6, 13, 6 BB length 5. http://tos.mx/TIERRoZ

Long term MACD 48, 104, 36 BBlength 20. http://tos.mx/wpJy7YK

Original post is below.

To celebrate the Appreciation Day here is a MACD indicator. It uses a color coded MACD line to show changes. There is a moving average of the MACD signal line. And MACD bands to show volatility. The signal would be the cross of MACD (Green/RED) and signal line (White). A photo is also below to give tips on trading the indicator. The lengths can be adjusted to suit your trading.

Any questions just ask.

Here is the code:

Code:`# Ultimate MACD by Horserider 8/30/2019 declare lower; input fastLength = 6; input slowLength = 13; input MACDLength = 6; input AverageTypeMACD = {SMA, default EMA, Wilders}; input price = close; input displace = 0; def MACD_Data = MACD(fastLength = fastLength, slowLength = slowLength, MACDLength = MACDLength); plot MACD_Line = MACD_Data; MACD_Line.DefineColor("Up", Color.GREEN); MACD_Line.DefineColor("Down", Color.RED); MACD_Line.DefineColor("Even", Color.WHITE); MACD_Line.AssignValueColor(if MACD_Line > MACD_Line[1] then MACD_Line.Color("Up") else (if MACD_Line == MACD_Line[1] then MACD_Line.Color("Even") else MACD_Line.Color("Down"))); MACD_Line.SetLineWeight(3); def Value; plot Avg; switch (AverageTypeMACD) { case SMA: Value = Average(price, fastLength) - Average(price, slowLength); Avg = Average(Value, MACDLength); case EMA: Value = ExpAverage(price, fastLength) - ExpAverage(price, slowLength); Avg = ExpAverage(Value, MACDLength); case Wilders: Value = WildersAverage(price, fastLength) - WildersAverage(price, slowLength); Avg = ExpAverage(Value, MACDLength); } Avg.SetDefaultColor(Color.WHITE); #plot BB; #Bollinger BandsSMA,EMA input AverageTypeBB = {default SMA, EMA, HMA}; input displaceBB = 0; input lengthBB = 20; input Num_Dev_Dn = -2.0; input Num_Dev_up = 2.0; plot upperBand; plot lowerBand; def midline; switch (AverageTypeBB) { case SMA: upperBand = reference BollingerBands(MACD_Line, displaceBB, lengthBB, Num_Dev_Dn, Num_Dev_up).UpperBand; lowerBand = reference BollingerBands(MACD_Line, displaceBB, lengthBB, Num_Dev_Dn, Num_Dev_up).LowerBand; midline = reference BollingerBands(MACD_Line, displaceBB, lengthBB, Num_Dev_Dn, Num_Dev_up).Midline; case EMA: upperBand = reference BollingerBands(MACD_Line, displaceBB, lengthBB, Num_Dev_Dn, Num_Dev_up, averageType = AverageType.EXPONENTIAL).UpperBand; lowerBand = reference BollingerBands(MACD_Line, displaceBB, lengthBB, Num_Dev_Dn, Num_Dev_up, averageType = AverageType.EXPONENTIAL).LowerBand; midline = reference BollingerBands(MACD_Line, displaceBB, lengthBB, Num_Dev_Dn, Num_Dev_up, averageType = AverageType.EXPONENTIAL).Midline; case HMA: upperBand = reference BollingerBands(MACD_Line, displaceBB, lengthBB, Num_Dev_Dn, Num_Dev_up, averageType = AverageType.EXPONENTIAL).UpperBand; lowerBand = reference BollingerBands(MACD_Line, displaceBB, lengthBB, Num_Dev_Dn, Num_Dev_up, averageType = AverageType.EXPONENTIAL).LowerBand; midline = reference BollingerBands(MACD_Line, displaceBB, lengthBB, Num_Dev_Dn, Num_Dev_up, averageType = AverageType.EXPONENTIAL).Midline; } upperBand.SetDefaultColor(Color.GRAY); upperBand.DefineColor("Up", Color.CYAN); upperBand.DefineColor("Down", Color.PINK); upperBand.DefineColor("Even", Color.GRAY); upperBand.AssignValueColor(if upperBand > upperBand[1] and lowerBand < lowerBand[1] then upperBand.Color("Up") else (if upperBand < upperBand[1] and lowerBand > lowerBand[1] then upperBand.Color("Down") else upperBand.Color("Even"))); upperBand.SetLineWeight(2); lowerBand.SetDefaultColor(Color.GRAY); lowerBand.DefineColor("Up", Color.CYAN); lowerBand.DefineColor("Down", Color.PINK); lowerBand.DefineColor("Even", Color.GRAY); lowerBand.AssignValueColor(if upperBand > upperBand[1] and lowerBand < lowerBand[1] then upperBand.Color("Up") else (if upperBand < upperBand[1] and lowerBand > lowerBand[1] then upperBand.Color("Down") else upperBand.Color("Even"))); plot midline1 = midline;`

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never mind I got it thank you! But can you add the 0 line please?Update to show versatility of the study to fit different trading styles. Will include shares to each variation but same can be accomplished by changing the inputs.

Standard MACD 12,26,9 BB length 20. http://tos.mx/sw3SJkx

Short term MACD 6, 13, 6 BB length 5. http://tos.mx/TIERRoZ

Long term MACD 48, 104, 36 BBlength 20. http://tos.mx/wpJy7YK

Original post is below.

To celebrate the Appreciation Day here is a MACD indicator. It uses a color coded MACD line to show changes. There is a moving average of the MACD signal line. And MACD bands to show volatility. The signal would be the cross of MACD (Green/RED) and signal line (White). A photo is also below to give tips on trading the indicator. The lengths can be adjusted to suit your trading.

Any questions just ask.

Here is the code:

Code:`# Ultimate MACD by Horserider 8/30/2019 declare lower; input fastLength = 6; input slowLength = 13; input MACDLength = 6; input AverageTypeMACD = {SMA, default EMA, Wilders}; input price = close; input displace = 0; def MACD_Data = MACD(fastLength = fastLength, slowLength = slowLength, MACDLength = MACDLength); plot MACD_Line = MACD_Data; MACD_Line.DefineColor("Up", Color.GREEN); MACD_Line.DefineColor("Down", Color.RED); MACD_Line.DefineColor("Even", Color.WHITE); MACD_Line.AssignValueColor(if MACD_Line > MACD_Line[1] then MACD_Line.Color("Up") else (if MACD_Line == MACD_Line[1] then MACD_Line.Color("Even") else MACD_Line.Color("Down"))); MACD_Line.SetLineWeight(3); def Value; plot Avg; switch (AverageTypeMACD) { case SMA: Value = Average(price, fastLength) - Average(price, slowLength); Avg = Average(Value, MACDLength); case EMA: Value = ExpAverage(price, fastLength) - ExpAverage(price, slowLength); Avg = ExpAverage(Value, MACDLength); case Wilders: Value = WildersAverage(price, fastLength) - WildersAverage(price, slowLength); Avg = ExpAverage(Value, MACDLength); } Avg.SetDefaultColor(Color.WHITE); #plot BB; #Bollinger BandsSMA,EMA input AverageTypeBB = {default SMA, EMA, HMA}; input displaceBB = 0; input lengthBB = 20; input Num_Dev_Dn = -2.0; input Num_Dev_up = 2.0; plot upperBand; plot lowerBand; def midline; switch (AverageTypeBB) { case SMA: upperBand = reference BollingerBands(MACD_Line, displaceBB, lengthBB, Num_Dev_Dn, Num_Dev_up).UpperBand; lowerBand = reference BollingerBands(MACD_Line, displaceBB, lengthBB, Num_Dev_Dn, Num_Dev_up).LowerBand; midline = reference BollingerBands(MACD_Line, displaceBB, lengthBB, Num_Dev_Dn, Num_Dev_up).Midline; case EMA: upperBand = reference BollingerBands(MACD_Line, displaceBB, lengthBB, Num_Dev_Dn, Num_Dev_up, averageType = AverageType.EXPONENTIAL).UpperBand; lowerBand = reference BollingerBands(MACD_Line, displaceBB, lengthBB, Num_Dev_Dn, Num_Dev_up, averageType = AverageType.EXPONENTIAL).LowerBand; midline = reference BollingerBands(MACD_Line, displaceBB, lengthBB, Num_Dev_Dn, Num_Dev_up, averageType = AverageType.EXPONENTIAL).Midline; case HMA: upperBand = reference BollingerBands(MACD_Line, displaceBB, lengthBB, Num_Dev_Dn, Num_Dev_up, averageType = AverageType.EXPONENTIAL).UpperBand; lowerBand = reference BollingerBands(MACD_Line, displaceBB, lengthBB, Num_Dev_Dn, Num_Dev_up, averageType = AverageType.EXPONENTIAL).LowerBand; midline = reference BollingerBands(MACD_Line, displaceBB, lengthBB, Num_Dev_Dn, Num_Dev_up, averageType = AverageType.EXPONENTIAL).Midline; } upperBand.SetDefaultColor(Color.GRAY); upperBand.DefineColor("Up", Color.CYAN); upperBand.DefineColor("Down", Color.PINK); upperBand.DefineColor("Even", Color.GRAY); upperBand.AssignValueColor(if upperBand > upperBand[1] and lowerBand < lowerBand[1] then upperBand.Color("Up") else (if upperBand < upperBand[1] and lowerBand > lowerBand[1] then upperBand.Color("Down") else upperBand.Color("Even"))); upperBand.SetLineWeight(2); lowerBand.SetDefaultColor(Color.GRAY); lowerBand.DefineColor("Up", Color.CYAN); lowerBand.DefineColor("Down", Color.PINK); lowerBand.DefineColor("Even", Color.GRAY); lowerBand.AssignValueColor(if upperBand > upperBand[1] and lowerBand < lowerBand[1] then upperBand.Color("Up") else (if upperBand < upperBand[1] and lowerBand > lowerBand[1] then upperBand.Color("Down") else upperBand.Color("Even"))); plot midline1 = midline;`

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Update to the new code or add this to your study if you want a zero line.

plot zero = 0;

zero.setDefaultColor(color.LIGHT_ORANGE);

zero.setLineWeight (1) ;

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?????? Why was 4 pole gaussian MACD added here.

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