Color-coded MACD Histogram [RESOLVED]

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Color-coded MACD Histogram [RESOLVED] - Color-coded MACD Histogram [RESOLVED]

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Patrick		#1 Posted : Friday, August 19, 2005 4:25:20 PM(UTC)
Rank: Advanced Member Groups: Registered, Registered Users, Subscribers Joined: 9/8/2004(UTC) Posts: 2,266 Was thanked: 1 time(s) in 1 post(s)		These two formulas are for the Dr. Alexander Elder indicators. The custom formula for the MACD Histogram is: ( Mov( C,12,E ) - Mov( C,26,E ) ) - Mov( ( Mov( C,12,E ) - Mov( C,26,E ) ),9,E ) The custom formula for the Weekly MACD Histogram utilizing daily data is: Mov(If(DayOfWeek()=5,C,Peak(1,If(DayOfWeek()=5,C,0),1)),60,E) - Mov(If(DayOfWeek()=5,C,Peak(1,If(DayOfWeek()=5,C,0),1)),130,E) - Mov(Mov(If(DayOfWeek()=5,C,Peak(1,If(DayOfWeek()=5,C,0),1)),60,E) - Mov(If(DayOfWeek()=5,C,Peak(1,If(DayOfWeek()=5,C,0),1)),130,E),45,E)


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Wolf		#2 Posted : Saturday, October 1, 2005 2:45:15 PM(UTC)
Rank: Newbie Groups: Registered, Registered Users Joined: 10/1/2005(UTC) Posts: 5		Hello Patrick! I just cannot find your post on creating MACD Histogram with red and green bars. I guess there was the whole formula for that on the forum. Would you write it again? Thanks a lot, Regards


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Patrick		#3 Posted : Saturday, October 1, 2005 4:31:45 PM(UTC)
Rank: Advanced Member Groups: Registered, Registered Users, Subscribers Joined: 9/8/2004(UTC) Posts: 2,266 Was thanked: 1 time(s) in 1 post(s)		It's somewhere in here :D The formla is : If(MACD()>0,MACD,0); If(MACD()<=0,MACD,0); Now plot this indicator on you chart, right click on one of the lines and select properties. In the properties change the color to green and the style to Histogram. Do the same wih the next line ... Patrick :mrgreen:


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Wolf		#4 Posted : Sunday, October 2, 2005 12:01:26 PM(UTC)
Rank: Newbie Groups: Registered, Registered Users Joined: 10/1/2005(UTC) Posts: 5		Hello Patrick! Thanks for your answer! :) But I think I am still missing something. The whole indicator formula was called, if I remember correctly, MACDV Histogram and went like this: MACD() - Mov(MACD(),9,E) which is for the histogram and the other part for red and green bars. Adding your formula to histogram formula does not work. If(MACD()>0,MACD(),0); If(MACD()<=0,MACD(),0) I must have mistaken something :lol: Would you give me advice? Have a nice weekend :boire: :!: Regards Wolf


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wabbit		#5 Posted : Sunday, October 2, 2005 12:46:08 PM(UTC)
Rank: Advanced Member Groups: Registered, Registered Users, Subscribers, Unverified Users Joined: 10/28/2004(UTC) Posts: 3,111 Location: Perth, Western Australia Was thanked: 16 time(s) in 16 post(s)		Wolf, Have a look, not at what Patrick had done, but at what he was trying to demonstrate... Try this: --8<---------------------------- x:=MACD() - Mov(MACD(),9,E); If(x>0,x,0); {green histogram} If(x<=0,x,0) ; {red histogram} --8<---------------------------- Hope this helps. wabbit :D


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Wolf		#6 Posted : Monday, October 3, 2005 12:40:40 PM(UTC)
Rank: Newbie Groups: Registered, Registered Users Joined: 10/1/2005(UTC) Posts: 5		Hi, thanks for advice! But it is my fault, I mean I have not explained excatly what I wanted to achieve. What I really wanted was if today's MACD is greater than yesterday's, it is a green histogram, or if today's MACD is less than yesterday's, it is a red histogram. Using your advice I wrote such a formula: x:=MACD() - Mov(MACD(),9,E); If(x>=Ref(x,-1),x,0); If(x<Ref(x,-1),x,0) It works for me, would correct me if there is still a mistake? Thanks.


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