MACD Histogram Color

• 06/24/2021 at 3:48 PM #172317
  satini

  Hi,

  I’m looking for a MACD indicator that changes the Histogram color with reference to the last bar eg. current bar higher than previous bar= green and lower than previous bar= red). I tried downloading the  MACD histogram color indicator but notice that it behaves completely different from  the built-in MACD. I would really appreciate if someone could point me to a solution or alternative indicator if available.

  Thank you

  

  satini

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  06/24/2021 at 4:30 PM #172319
  robertogozzi

  There you go:

  // MACD 12,26,9 // MyMACD = ExponentialAverage[12](close) - ExponentialAverage[26](close) MySignalLine = ExponentialAverage[9](MyMACD) MyHisto = MyMACD - MySignalLine r = 0 g = 255 //Green b = 0 IF high < high[1] THEN r = 255 //Red g = 0 ENDIF RETURN MyMACD coloured(0,0,238,255) Style(Line,1) AS "Macd",MySignalLine coloured(238,99,99,255) Style(Line,1) AS "Signal",MyHisto coloured(r,g,b,255) Style(Histogram,1) AS "Histogram"

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  // MACD 12,26,9 // MyMACD       = ExponentialAverage[12](close) - ExponentialAverage[26](close) MySignalLine = ExponentialAverage[9](MyMACD) MyHisto      = MyMACD - MySignalLine r            = 0 g            = 255    //Green b            = 0 IF high < high[1] THEN    r = 255            //Red    g = 0 ENDIF RETURN MyMACD coloured(0,0,238,255) Style(Line,1) AS "Macd",MySignalLine coloured(238,99,99,255) Style(Line,1) AS "Signal",MyHisto coloured(r,g,b,255) Style(Histogram,1) AS "Histogram"

   

  

  robertogozzi

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  06/25/2021 at 8:08 AM #172388
  satini

  Thank you Sir. I’ve tried the indicator and noticed that it still doesn’t color  all the bars correctly. I’ve attached a sample screen shot with the default MACD on top and the MACD histogram color at the bottom. I’ve marked some of the bars where the color is off. Really appreciate some help to solve this.

  Best Regards

   

  

  satini

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  06/25/2021 at 8:09 AM #172389
  satini

  not sure if the attachment went thru earlier

  

  satini

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  06/25/2021 at 9:52 AM #172399
  robertogozzi

  They are ALL correct, as per your request “eg. current bar higher than previous bar= green and lower than previous bar= red“.

  Any bar higher than the previous one is GREEN, otherwise it’s RED.

   

  

  robertogozzi

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  06/30/2021 at 4:22 PM #172831
  satini

  Hi Sir ,

  My apologies for the confusion. What I meant is that if the macd histogram bar is increasing with respect to the last one, it should color the forming bar green. Conversely, if its is declining with respect to the previous bar, then the bar should paint red.

  Regards

  

  satini

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  06/30/2021 at 4:40 PM #172833
  robertogozzi

  If the higher is higher than before it must be green, if the low is lower than before it’s red, is this correct!

  In all other cases what colour should it have?

  To check for ascending and descending prices shall I use CLOSE or HIGH/LOW?

   

  

  robertogozzi

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  07/02/2021 at 3:13 PM #172984
  satini

  Hi Sir, please refer to the attached chart from MT4. I’m trying to get the indicator to do the same in PRT.

  When a bar is above  0  line and increasing in  value ie becoming more postive wrt previous bar, it  should paint green and signal a change to red if  it go lower than previous  bar.

  When a bar is below 0 line and  becoming more negative  wrt previous bar , the bar should paint red. If it’s below o line and becoming more positive wrt last bar, it should paint green.

  

  satini

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  07/02/2021 at 4:28 PM #172995
  robertogozzi

  There you go:

  // MACD 12,26,9 // MyMACD = ExponentialAverage[12](close) - ExponentialAverage[26](close) MySignalLine = ExponentialAverage[9](MyMACD) MyHisto = MyMACD - MySignalLine ONCE b = 0 IF (MyMACD > MyMACD[1]) AND (MyMACD > 0) THEN r = 0 g = 255 //Green ENDIF IF (MyMACD < MyMACD[1]) AND (MyMACD <= 0) THEN r = 255 //Red g = 0 ENDIF RETURN MyMACD coloured(0,0,238,255) Style(Line,1) AS "Macd",MySignalLine coloured(238,99,99,255) Style(Line,1) AS "Signal",MyHisto coloured(r,g,b,255) Style(Histogram,1) AS "Histogram"

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  // MACD 12,26,9 // MyMACD       = ExponentialAverage[12](close) - ExponentialAverage[26](close) MySignalLine = ExponentialAverage[9](MyMACD) MyHisto      = MyMACD - MySignalLine ONCE b       = 0 IF (MyMACD > MyMACD[1]) AND (MyMACD > 0) THEN    r         = 0    g         = 255    //Green ENDIF IF (MyMACD < MyMACD[1]) AND (MyMACD <= 0) THEN    r         = 255            //Red    g         = 0 ENDIF RETURN MyMACD coloured(0,0,238,255) Style(Line,1) AS "Macd",MySignalLine coloured(238,99,99,255) Style(Line,1) AS "Signal",MyHisto coloured(r,g,b,255) Style(Histogram,1) AS "Histogram"

  

  robertogozzi

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  07/03/2021 at 4:00 PM #173057
  satini

  Hi, i tried copying the code into the indicator and am getting strange output as attached.

  

  

  satini

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  07/03/2021 at 5:12 PM #173064
  robertogozzi

  What is strange?

   

  

  robertogozzi

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  07/27/2021 at 2:05 PM #174226
  2point1

  Create Variables called ShortTermMA, LongTermMA and SignalNBRPeriods, and set them to your liking, e.g. 14, 32 and 9

  MyMACD = ExponentialAverage[ShortTermMA](close) - ExponentialAverage[LongTermMA](close) MySignalLine = ExponentialAverage[SignalNBRPeriods](MyMACD) MyHisto = MyMACD - MySignalLine r = 0 g = 0 b = 0 IF MyHisto > 0 THEN // Normal Green IF MyHisto[1] < MyHisto THEN r = 38 g = 166 b = 154 ENDIF // Light Green IF MyHisto[1] > MyHisto THEN r = 178 g = 223 b = 202 ENDIF ENDIF IF MyHisto < 0 THEN // Normal Red IF MyHisto[1] > MyHisto THEN r = 255 g = 82 b = 82 ENDIF // Light Red IF MyHisto[1] < MyHisto THEN r = 255 g = 205 b = 210 ENDIF ENDIF RETURN MyHisto coloured(r,g,b,255) Style(Histogram,1) AS "Histogram", MyMACD coloured(0,0,238,255) Style(Line,1) AS "Macd",MySignalLine coloured(238,99,99,255) Style(Line,1) AS "Signal"

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  MyMACD = ExponentialAverage[ShortTermMA](close) - ExponentialAverage[LongTermMA](close) MySignalLine = ExponentialAverage[SignalNBRPeriods](MyMACD) MyHisto = MyMACD - MySignalLine   r = 0 g = 0 b = 0   IF MyHisto > 0 THEN // Normal Green IF MyHisto[1] < MyHisto THEN r = 38 g = 166 b = 154 ENDIF // Light Green IF MyHisto[1] > MyHisto THEN r = 178 g = 223 b = 202 ENDIF ENDIF   IF MyHisto < 0 THEN // Normal Red IF MyHisto[1] > MyHisto THEN r = 255 g = 82 b = 82 ENDIF   // Light Red IF MyHisto[1] < MyHisto THEN r = 255 g = 205 b = 210 ENDIF ENDIF   RETURN MyHisto coloured(r,g,b,255) Style(Histogram,1) AS "Histogram", MyMACD coloured(0,0,238,255) Style(Line,1) AS "Macd",MySignalLine coloured(238,99,99,255) Style(Line,1) AS "Signal"

   

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  satini

  

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  07/27/2021 at 4:11 PM #174241
  satini

  Thank you so much. It’s perfect now.

  

  satini

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