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Plots confused in modified MACD

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    Plots confused in modified MACD

    I customize my indicators just to improve readability. Whenever I put 6 plots in an indicator, the indicator seems to confuse the plots. If I take away 2 plots (including codes and properties) the remaining 4 plots will be fine, I just can't explain it.

    Maybe you could have a quick look at the modified MACD below, and explain why the lower boundaries of the histogram are green? The code clearly instructs them to be red. There is something that I do not understand....

    Thank you for your help.
    Attached Files

    #2
    I suggest starting with a simple indicator with 6 plots and no custom logic, each plot on Close + n * TickSize (or something equivalent) to see how it works.
    DierkNinjaTrader Customer Service

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      #3
      Thanks for you answer

      Maybe I was tired, there was just one bracket missing....

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        #4
        MACD with improved readability

        Here is the MACD with the modified histogram. I put it on a chart together with the MACD supplied with NT. I think it has better readability due to

        different colours for up- and down histogram
        the lining which accentuates the shape of the histogram
        a scaling factor that can be altered, if necessary

        Why not use something similar as a standard for NT?
        Attached Files

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          #5
          Thanks for your work. How about uploading it to the indicators/file sharing section?
          DierkNinjaTrader Customer Service

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