macd entry arrows indicator

• 09/07/2020 at 3:05 PM #143551
  baptisteberard

  Hello everyone

  my purpose was to create an indicator that displays an arrow on the macd when the histogram crosses the zero line.

  Here’s my code:

  macd arrows

  MMC = exponentialAverage[C](close) MML = exponentialAverage[L](close) MACDL = MMC - MML Signal = Average[S](MACDL) MACDH = MACDL - Signal fast = MACDH slow = 0 //first arrow is blueish CrossOver = fast crosses over slow IF CrossOver THEN CrossUnder = 0 //cross = slow[1] DRAWARROWUP(barindex,0) COLOURED(0,255,10) endif IF CrossOver[5] THEN IF summation[4](CrossOver OR CrossUnder) = 0 THEN TopLine = highest[5](high) + (5 * pipsize) DRAWTEXT("---#TopLine#---",barindex-3,TopLine,SansSerif,Bold,16)coloured(153,0,0) ENDIF ENDIF CrossUnder = fast crosses under slow if CrossUnder then CrossOver = 0 DRAWARROWDOWN(barindex,0) COLOURED(255,0,10) endif IF CrossUnder[5] THEN IF summation[4](CrossOver OR CrossUnder) = 0 THEN BottomLine = lowest[5](low) - (5 * pipsize) DRAWTEXT("---#BottomLine#---",barindex-3,BottomLine,SansSerif,Bold,16)coloured(153,0,0) ENDIF ENDIF RETURN MACDH as "MACD Histogramme", Signal as "Signal", MACDL as "MACD Ligne"

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  MMC = exponentialAverage[C](close) MML = exponentialAverage[L](close)   MACDL = MMC - MML Signal = Average[S](MACDL) MACDH = MACDL - Signal         fast = MACDH slow = 0   //first arrow is blueish CrossOver = fast crosses over slow IF CrossOver THEN CrossUnder = 0 //cross = slow[1] DRAWARROWUP(barindex,0) COLOURED(0,255,10) endif   IF CrossOver[5] THEN IF summation[4](CrossOver OR CrossUnder) = 0 THEN TopLine = highest[5](high) + (5 * pipsize) DRAWTEXT("---#TopLine#---",barindex-3,TopLine,SansSerif,Bold,16)coloured(153,0,0) ENDIF ENDIF   CrossUnder = fast crosses under slow if CrossUnder then CrossOver = 0 DRAWARROWDOWN(barindex,0) COLOURED(255,0,10) endif IF CrossUnder[5] THEN IF summation[4](CrossOver OR CrossUnder) = 0 THEN BottomLine = lowest[5](low) - (5 * pipsize) DRAWTEXT("---#BottomLine#---",barindex-3,BottomLine,SansSerif,Bold,16)coloured(153,0,0) ENDIF ENDIF   RETURN MACDH as "MACD Histogramme", Signal as "Signal", MACDL as "MACD Ligne"

  Sadly the arrows are very often one candle too early, (as you can see in the screenshot)

  does anyone have a clue on why this is?

  thanks in advance!

  

  baptisteberard

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  09/07/2020 at 7:18 PM #143562
  KarlBenjamin

  Hi I’m not sure what it is exactly that you are trying to achieve but this is my go to code for whenever I want to use arrows:

  Remove lines 11-39 and add the following:

  (make a duplicate of your code first just incase this wasn’t what you were after.)

   

  if MACDH crosses over 0 then drawarrowup(barindex,0 -5*pipsize)coloured(0,255,0) elsif MACDH crosses under 0 then drawarrowdown(barindex,0 +5*pipsize)coloured(255,0,0) endif

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  if MACDH crosses over 0 then drawarrowup(barindex,0 -5*pipsize)coloured(0,255,0) elsif MACDH crosses under 0 then drawarrowdown(barindex,0 +5*pipsize)coloured(255,0,0) endif

   

  1 user thanked author for this post.

  Nicolas

  

  KarlBenjamin

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  09/08/2020 at 10:41 AM #143588
  Zigo

  The Arrows on the graph

  MACD-Arrows

  if macd crosses over 0 then DRAWARROWUP(barindex, low-AverageTrueRange[14](close))coloured(0,150,155,255) elsif macd crosses under 0 then DRAWARROWDOWN(barindex, high +AverageTrueRange[14](close))coloured(225,15,55,255) endif return

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  if macd crosses over 0 then DRAWARROWUP(barindex, low-AverageTrueRange[14](close))coloured(0,150,155,255) elsif macd crosses under 0 then DRAWARROWDOWN(barindex, high +AverageTrueRange[14](close))coloured(225,15,55,255) endif return

   

  1 user thanked author for this post.

  Nicolas

  

  Zigo

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  09/08/2020 at 10:58 AM #143592
  Zigo

  With background color

  if macd crosses over 0 then DRAWARROWUP(barindex, low-AverageTrueRange[14](close))coloured(0,150,155,255) endif if macd > 0 then BACKGROUNDCOLOR(255,255,255,55) elsif macd crosses under 0 then DRAWARROWDOWN(barindex, high +AverageTrueRange[14](close))coloured(225,15,55,255) endif if macd <0 then BACKGROUNDCOLOR(255,255,255,75) endif return

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  if macd crosses over 0 then DRAWARROWUP(barindex, low-AverageTrueRange[14](close))coloured(0,150,155,255) endif if macd > 0 then BACKGROUNDCOLOR(255,255,255,55) elsif macd crosses under 0 then DRAWARROWDOWN(barindex, high +AverageTrueRange[14](close))coloured(225,15,55,255) endif if macd <0 then BACKGROUNDCOLOR(255,255,255,75) endif return

   

  

  Zigo

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  09/09/2020 at 11:18 AM #143710
  baptisteberard

  Thanks for your help! I’ve tried your code and the arrows are still missplaced, so i guess the problem is probably coming from the software configuration and not the code.

  

  baptisteberard

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  09/09/2020 at 11:22 AM #143712
  baptisteberard

  Update, it works well on the 1 hour time frame, so the problem is coming from the daily i guess

  

  baptisteberard

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  09/09/2020 at 11:41 AM #143715
  baptisteberard

  So i unactivated this feature (also apply these settings on the daily and higher timeframes),

  and now the arrows are placed correctly on the daily timeframe. Problem is solved.

  

  baptisteberard

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  03/08/2022 at 9:28 AM #189587
  datageek

  “The Arrows on the graph”

  Where do I put this code?

  I am getting error “following variables undefined C, L, S”

  

  datageek

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