4C Pine Code

[Segwin]

A very simple but good indicator for showing divergence. It is in pine script.

Hoping some kind soul can make this for NT8. A pic is attached showing what it looks like.

Thanks in advance.

study(shorttitle = "MACD 4C", title = "4 colour MACD")
fastMA = input(title="Fast moving average", type = integer, defval = 12, minval = 7)
slowMA = input(title="Slow moving average", type = integer, defval = 26, minval = 7)
lastColor = yellow
[currMacd,_,_] = macd(close[0], fastMA, slowMA, 9)
[prevMacd,_,_] = macd(close[1], fastMA, slowMA, 9)
plotColor = currMacd > 0
? currMacd > prevMacd ? lime : green
: currMacd < prevMacd ? maroon : red
plot(currMacd, style = histogram, color = plotColor, linewidth = 3)
plot(0, title = "Zero line", linewidth = 1, color = gray)

[NinjaTrader_ChelseaB]

Hello Segwin,

This thread will remain open for any community members that would like to create this script as a convenience to you.

You can also contact a professional NinjaScript Consultant who would be eager to create or modify this script at your request or assist you with your script. The NinjaTrader Ecosystem has affiliate contacts who provide educational as well as consulting services. Please let me know if you would like our business development follow up with you with a list of affiliate consultants who would be happy to create this script or any others at your request.

[aligator]

A very simple but good indicator for showing divergence. It is in pine script.

Hoping some kind soul can make this for NT8. A pic is attached showing what it looks like.

Thanks in advance.

study(shorttitle = "MACD 4C", title = "4 colour MACD")
fastMA = input(title="Fast moving average", type = integer, defval = 12, minval = 7)
slowMA = input(title="Slow moving average", type = integer, defval = 26, minval = 7)
lastColor = yellow
[currMacd,_,_] = macd(close[0], fastMA, slowMA, 9)
[prevMacd,_,_] = macd(close[1], fastMA, slowMA, 9)
plotColor = currMacd > 0
? currMacd > prevMacd ? lime : green
: currMacd < prevMacd ? maroon : red
plot(currMacd, style = histogram, color = plotColor, linewidth = 3)
plot(0, title = "Zero line", linewidth = 1, color = gray)

This is the simple MACD crossover, already in download section by Paul with some eye candy, here:

http://www.ninjatrader.com/support/forum/local_links.php?action=jump&catid=7&id=773

Cheers!

[Segwin]

This is the simple MACD crossover, already in download section by Paul with some eye candy, here:

http://www.ninjatrader.com/support/forum/local_links.php?action=jump&catid=7&id=773

Cheers!

Thanks however it is not the same thing. A normal MACD does not do the same thing.

[Segwin]

Hello Segwin,

This thread will remain open for any community members that would like to create this script as a convenience to you.

You can also contact a professional NinjaScript Consultant who would be eager to create or modify this script at your request or assist you with your script. The NinjaTrader Ecosystem has affiliate contacts who provide educational as well as consulting services. Please let me know if you would like our business development follow up with you with a list of affiliate consultants who would be happy to create this script or any others at your request.

Thank you.

[aligator]

Thanks however it is not the same thing. A normal MACD does not do the same thing.

Does not do what thing? You can see the same divergence on MACD oscillator plot.

[Segwin]

Does not do what thing? You can see the same divergence on MACD oscillator plot.

Hello Alligator,

Please refer to attached screen grab. As you can see they do not do the same thing

Thank you for your post.