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MACD Indicator Configuration Guide

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Daniel Arêas
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0% found this document useful (0 votes)
15 views2 pages

MACD Indicator Configuration Guide

Uploaded by

Daniel Arêas
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd

instrument {

name = "MACD",
short_name = "MACD",
icon = "indicators:MACD"
}

input_group {
"MACD",
"[Link]-hint",
fast = input (12, "[Link] period", [Link], 1, 250),
slow = input (26, "[Link] period", [Link], 1, 250),

macd_color = input { default = "#2384C2", type = [Link] },


macd_width = input { default = 1, type = input.line_width },
macd_visible = input { default = true, type = input.plot_visibility }
}

input_group {
"[Link]-line",
"[Link]-hint",
signal_period = input (9, "[Link]", [Link], 1, 250),

signal_color = input { default = "#FF7700", type = [Link] },


signal_width = input { default = 1, type = input.line_width },
signal_visible = input { default = true, type = input.plot_visibility }
}

input_group {
"[Link]",
zero_line_visible = input { default = true, type = input.plot_visibility },
zero_line_color = input { default = rgba(255,255,255,0.15), type =
[Link] },
zero_line_width = input { default = 1, type = input.line_width }
}

input_group {
"[Link]",
histogram_visible = input { default = true, type = input.plot_visibility },
histogram_up_color = input { default = "#2CAC40", type = [Link] },
histogram_down_color = input { default = "#DB4931", type = [Link] }
}

fastMA = ema(close, fast)


slowMA = ema(close, slow)

macd = fastMA - slowMA

signal = ema(macd, signal_period)

hist = macd - signal

if macd_visible then
plot(macd, "MACD", macd_color, macd_width)
end

if signal_visible then
plot(signal, "[Link]-line", signal_color, signal_width)
end
if histogram_visible then
rect {
first = 0,
second = hist,
color = hist >= hist [1] and histogram_up_color or histogram_down_color,
width = 0.4
}
end

if zero_line_visible then
hline (0, "Zero", zero_line_color, zero_line_width)
end

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