Created
October 22, 2018 18:12
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// Created by @pequet (https://www.tradingview.com/u/pequet) | |
// https://github.com/pequet/ | |
// @version=3 | |
// | |
study(title="MACD", shorttitle="MACD") | |
// inputs | |
macdEMA1Opt = input("ema", options=["ema", "sma"], title="EMA/SMA") | |
macdEMA1Length = input(9, minval=1, title="MA Length") | |
macdEMA2Opt = input("ema", options=["ema", "sma"], title="EMA/SMA") | |
macdEMA2Length = input(30, minval=1, title="MA Length") | |
src = input(close, type=source, title="Source") | |
macdEMA3Length = input(9, minval=1, title="EMA") | |
macdEMA1Input = macdEMA1Opt=="ema" | |
macdEMA2Input = macdEMA2Opt=="ema" | |
// calculations | |
macdEMA1 = macdEMA1Input ? ema(src, macdEMA1Length) : sma(src, macdEMA1Length) | |
macdEMA2 = macdEMA2Input ? ema(src, macdEMA2Length) : sma(src, macdEMA2Length) | |
macd = macdEMA1 - macdEMA2 | |
macdSignal = ema(macd, macdEMA3Length) | |
macdHistogram = macd - macdSignal | |
macdPlotObj = plot(macd, style=line, color=aqua, transp=0, linewidth=2, title="MACD") | |
macdSignalPlotObj = plot(macdSignal, style=line, color=red, transp=0, linewidth=2, title="Signal") | |
// crosses | |
crosses = crossover(macd, macdSignal) and macd <= 0 ? 2 : crossover(macd, macdSignal) and change(macdHistogram) > 0 ? 1 : crossunder(macd, macdSignal) and macd >= 0 ? -2 : crossunder(macd, macdSignal) and change(macdHistogram) < 0 ? 1 : na | |
strengthSignal = fixnan(crosses) | |
color = strengthSignal==-2 ? red : strengthSignal==-1 ? orange : strengthSignal==1 ? yellow : strengthSignal==2 ? lime : blue | |
histo = macd < 0 and change(macdHistogram) > 0 ? 2 : macd > 0 and change(macdHistogram) < 0 ? -2 : 0 | |
color2 = histo == -2 ? red : histo == -1 ? orange : histo == 1 ? yellow : histo == 2 ? lime : gray | |
macdHistogramPlotObj = plot(macdHistogram, style=columns, color=color2, transp=0, linewidth=2, title="Histogram") | |
bgcolor(color, transp=65) | |
// - |
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