Posts Tagged “macd”

From author:
This is a small program that i find useful to give me a quick reference as to the current condition of the market, the M1 & M5 give you the short term info as to reversals or retracements, the M15 & m30 give the medium condition, and the H1 & H4 give the daily trend condition. If the H1 & H4 are the same color the trading range is generally large if different the range is generally smaller and the trading tends to be choppy.

This can be located in either the top left or top right of your chart and has the option of either having the extra details ( Daily Av, spread etc ) or not.

The price color changes based on the average daily trend condition
LIME = UP …………….. ORANGE = Flat …………….. RED = Down

The MACD is based on a fast setting of 8/17/9 and has a quicker response than the standard 12/26/9 settings. If the MACD crosses UP while below the zero level the color is GREEN if it crosses UP while above the zero line the color is LIME and for the cross DOWN if above the zero level it is TOMATO and below the zero level RED, so if for example the price turns UP below the zero level it turns GREEN and then if it continues up thru the zero level it turns LIME which shows the move has some strength.

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Indicator draws MACD with divergence lines, can show message alert when divergence detected.

Input parameters are:

fastEMA
slowEMA
signalSMA
DrawIndicatorTrendLines
DrawPriceTrendLines
displayAlert

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2 colored MACD with signal line. Colors shows where histogram is now, they are:
– histogram going DOWN
– histogram going UP

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MACD_4CZ.
4 colors shows clear signal where histogram is now, they are:
– histogram is going UP
– histogram is going DOWN
– histogram is over ZERO
– histogram is under ZERO

Simple but great visual effect

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