Macd Heatmap indicator

• 12/14/2022 at 9:59 AM #205737
  Geons

  Hi to all! Can someone help me to code a heatmap version of MACD ??

  Just like https://www.prorealcode.com/prorealtime-indicators/rsi-multiperiods-heatmap/

  Thanks!

   

  

  Geons

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  12/14/2022 at 4:31 PM #205749
  Nicolas

  Why not, but the heatmap color is defined by the value of the indicator of X period (X is increased until the end of the defined scale). While an RSI has only 1 period in his setting, MACD has 3 (short term period, long term period and signal line period), here is a rough version of what can be done:

  //PRC_MACD multiperiods HeatMap | indicator //Plot an heatmap of the MACD range of periods //Nicolas @ www.prorealcode.com //Sharing ProRealTime knowledge // --- settings maxscale=200 //end period of the loop ShortPeriod=12 LongPeriod=26 Step=10 //period step of the loop // --- end of settings iShortPeriod = ShortPeriod iLongPeriod = LongPeriod hh=highest[100](macd[190,200,9]) ll=lowest[100](macd[190,200,9]) irange=hh-ll while iLongPeriod<=maxscale do // --- indicator calculation osc = macd[ishortperiod,ilongperiod,9] // ----- //result=abs((osc/pointsize)/irange)*100 result = osc/pointsize G = (abs(result)/irange)*100 R = 200-g //R = max(0,50+(200-(result-50)*12)) //G = max(0,50+(200+(result-50)*12)) drawtext("■",barindex,ilongperiod,dialog,bold,18) coloured(min(r,255),min(g,255),0) //drawtext("#result#",barindex,ilongperiod,dialog,bold,12) ishortPeriod=max(shortperiod,iShortPeriod+Step) //increase indicator period for next loop iteration ilongPeriod=max(longperiod,ilongPeriod+Step) //increase indicator period for next loop iteration wend return shortperiod,maxscale//,result coloured(0,0,0,0)//,r as "r",irange as "range", osc

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  //PRC_MACD multiperiods HeatMap | indicator //Plot an heatmap of the MACD range of periods //Nicolas @ www.prorealcode.com //Sharing ProRealTime knowledge   // --- settings maxscale=200 //end period of the loop ShortPeriod=12 LongPeriod=26 Step=10 //period step of the loop // --- end of settings   iShortPeriod = ShortPeriod iLongPeriod = LongPeriod   hh=highest[100](macd[190,200,9]) ll=lowest[100](macd[190,200,9]) irange=hh-ll   while iLongPeriod<=maxscale do   // --- indicator calculation osc = macd[ishortperiod,ilongperiod,9] // -----   //result=abs((osc/pointsize)/irange)*100 result = osc/pointsize   G = (abs(result)/irange)*100 R = 200-g //R = max(0,50+(200-(result-50)*12)) //G = max(0,50+(200+(result-50)*12))   drawtext("■",barindex,ilongperiod,dialog,bold,18) coloured(min(r,255),min(g,255),0) //drawtext("#result#",barindex,ilongperiod,dialog,bold,12)   ishortPeriod=max(shortperiod,iShortPeriod+Step) //increase indicator period for next loop iteration ilongPeriod=max(longperiod,ilongPeriod+Step) //increase indicator period for next loop iteration wend   return shortperiod,maxscale//,result coloured(0,0,0,0)//,r as "r",irange as "range", osc

  In this case I’m increasing both short and long moving average at the same time and with the same step. The MACD is not bounded, so in order to color the heatmap, i’m using a scale based upon the highest and lowest values of MACD during the last 100 periods.

  

  Nicolas

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  12/15/2022 at 11:24 AM #205794
  Geons

  Thank you very much Nicolas!

  

  Geons

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