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Color on MACD Histogram II

Formula for: TradeStation

indicator

Views: 3408

Added: January 24, 2007

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Tags: TradeStation, indicator

Re: Color on Histogram
. To: ribau@xxxxxxxxxxxxx, Omega List <omega-list@xxxxxxxxxx>
. Subject: Re: Color on Histogram
. From: Dennis Holverstott <dennis@xxxxxxxxxx>
. Date: Wed, 04 Nov 1998 14:56:35 -0800
. References: <19981104193003196.AAA140@xxxxxxxxxxxxxxxxxxx@notebook>
. Resent-Date: Wed, 4 Nov 1998 14:56:59 -0800
. Resent-From: omega-list@xxxxxxxxxx
. Resent-Message-ID: <"Eaj5h3.0.sG6.xkDGs"@mx1>
. Resent-Sender: omega-list-request@xxxxxxxxxx

> What I was trying to
> code was an indicator that would paint the MACD hist bar green if it has
> risen in relation to the previous bar (increased value), and paint the MACD
> hist bar red if it is lower than the previous bar (decreased value),
> regardless of whether the bar is above or below the zero line.

This could be coded to run much faster but it should do what you want.

Code:

Type : Indicator, Name : Color on MACD Histogram II
Input:
FastMA(12),
SlowMA(26),
MacdMA(9);

value1 = MACD(Close,FastMA,SlowMA);
value2 = XAverage(MACD(Close,FastMA,SlowMA),MacdMA);

if value1 > value1[1] then plot1(value1,"MACD Up") else {green hist}
if value1 < value1[1] then plot2(value1,"MACD Down") else {red hist}
plot3(value1,"MACD Flat"); {yellow hist}

plot4(value2, "MACD Avg"); {line}

Code to difficult? Find somebody to help you with coding here.

Source: http://www.purebytes.com

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