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    MACD divergence signal.1

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    amitbh
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    MACD divergence signal.1

    Uploaded by

    amitbh
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    8 views3 pages

    MACD divergence signal.1

    Uploaded by

    amitbh
    Indiactir done

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
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    //@version=5

    indicator(title='MACD divergence signal', timeframe='')


    // Getting inputs

    fast_length = input(title='Fast Length', defval=12)


    slow_length = input(title='Slow Length', defval=26)
    src = input(title='Source', defval=close)
    signal_length = input.int(title='Signal Smoothing', minval=1, maxval=50, defval=9)
    sma_source = input.string(title='Oscillator MA Type', defval='EMA', options=['SMA',
    'EMA'])
    sma_signal = input.string(title='Signal Line MA Type', defval='EMA',
    options=['SMA', 'EMA'])
    // Plot colors
    col_macd = input.color(#2962FF, 'MACD Line ', group='Color Settings',
    inline='MACD')
    col_signal = input.color(#FF6D00, 'Signal Line ', group='Color Settings',
    inline='Signal')
    col_grow_above = input.color(#26A69A, 'Above Grow', group='Histogram',
    inline='Above')
    col_fall_above = input.color(#B2DFDB, 'Fall', group='Histogram', inline='Above')
    col_grow_below = input.color(#FFCDD2, 'Below Grow', group='Histogram',
    inline='Below')
    col_fall_below = input.color(#FF5252, 'Fall', group='Histogram', inline='Below')
    // Calculating
    fast_ma = sma_source == 'SMA' ? ta.sma(src, fast_length) : ta.ema(src, fast_length)
    slow_ma = sma_source == 'SMA' ? ta.sma(src, slow_length) : ta.ema(src, slow_length)
    macd = fast_ma - slow_ma
    signal = sma_signal == 'SMA' ? ta.sma(macd, signal_length) : ta.ema(macd,
    signal_length)
    hist = macd - signal
    plot(hist, title='Histogram', style=plot.style_columns, color=hist >= 0 ? hist[1] <
    hist ? col_grow_above : col_fall_above : hist[1] < hist ? col_grow_below :
    col_fall_below)
    plot(macd, title='MACD', color=col_macd)
    plot(signal, title='Signal', color=col_signal)

    donttouchzero = input(title='Don\'t touch the zero line?', defval=true)

    lbR = input(title='Pivot Lookback Right', defval=5)


    lbL = input(title='Pivot Lookback Left', defval=5)
    rangeUpper = input(title='Max of Lookback Range', defval=60)
    rangeLower = input(title='Min of Lookback Range', defval=5)
    plotBull = input(title='Plot Bullish', defval=true)
    plotHiddenBull = false
    plotBear = input(title='Plot Bearish', defval=true)
    plotHiddenBear = false
    bearColor = color.red
    bullColor = color.green
    hiddenBullColor = color.new(color.green, 80)
    hiddenBearColor = color.new(color.red, 80)
    textColor = color.white
    noneColor = color.new(color.white, 100)
    osc = macd

    plFound = na(ta.pivotlow(osc, lbL, lbR)) ? false : true


    phFound = na(ta.pivothigh(osc, lbL, lbR)) ? false : true
    _inRange(cond) =>
    bars = ta.barssince(cond == true)
    rangeLower <= bars and bars <= rangeUpper

    //------------------------------------------------------------------------------
    // Regular Bullish
    // Osc: Higher Low

    oscHL = osc[lbR] > ta.valuewhen(plFound, osc[lbR], 1) and _inRange(plFound[1]) and


    osc[lbR] < 0

    // Price: Lower Low

    priceLL = low[lbR] < ta.valuewhen(plFound, low[lbR], 1)


    priceHHZero = ta.highest(osc, lbL + lbR + 5)
    //plot(priceHHZero,title="priceHHZero",color=color.green)
    blowzero = donttouchzero ? priceHHZero < 0 : true
    bullCond = plotBull and priceLL and oscHL and plFound and blowzero

    plot(plFound ? osc[lbR] : na, offset=-lbR, title='Regular Bullish', linewidth=2,


    color=bullCond ? bullColor : noneColor, transp=0)

    plotshape(bullCond ? osc[lbR] : na, offset=-lbR, title='Regular Bullish Label',


    text=' Bull ', style=shape.labelup, location=location.absolute,
    color=color.new(bullColor, 0), textcolor=color.new(textColor, 0))

    //------------------------------------------------------------------------------
    // Hidden Bullish
    // Osc: Lower Low

    oscLL = osc[lbR] < ta.valuewhen(plFound, osc[lbR], 1) and _inRange(plFound[1])

    // Price: Higher Low

    priceHL = low[lbR] > ta.valuewhen(plFound, low[lbR], 1)


    hiddenBullCond = plotHiddenBull and priceHL and oscLL and plFound

    plot(plFound ? osc[lbR] : na, offset=-lbR, title='Hidden Bullish', linewidth=2,


    color=hiddenBullCond ? hiddenBullColor : noneColor, transp=0)

    plotshape(hiddenBullCond ? osc[lbR] : na, offset=-lbR, title='Hidden Bullish


    Label', text=' H Bull ', style=shape.labelup, location=location.absolute,
    color=color.new(bullColor, 0), textcolor=color.new(textColor, 0))

    //------------------------------------------------------------------------------
    // Regular Bearish
    // Osc: Lower High

    oscLH = osc[lbR] < ta.valuewhen(phFound, osc[lbR], 1) and _inRange(phFound[1]) and


    osc[lbR] > 0

    priceLLZero = ta.lowest(osc, lbL + lbR + 5)


    //plot(priceLLZero,title="priceLLZero", color=color.red)
    bearzero = donttouchzero ? priceLLZero > 0 : true

    // Price: Higher High

    priceHH = high[lbR] > ta.valuewhen(phFound, high[lbR], 1)

    bearCond = plotBear and priceHH and oscLH and phFound and bearzero
    plot(phFound ? osc[lbR] : na, offset=-lbR, title='Regular Bearish', linewidth=2,
    color=bearCond ? bearColor : noneColor, transp=0)

    plotshape(bearCond ? osc[lbR] : na, offset=-lbR, title='Regular Bearish Label',


    text=' Bear ', style=shape.labeldown, location=location.absolute,
    color=color.new(bearColor, 0), textcolor=color.new(textColor, 0))

    //------------------------------------------------------------------------------
    // Hidden Bearish
    // Osc: Higher High

    oscHH = osc[lbR] > ta.valuewhen(phFound, osc[lbR], 1) and _inRange(phFound[1])

    // Price: Lower High

    priceLH = high[lbR] < ta.valuewhen(phFound, high[lbR], 1)

    hiddenBearCond = plotHiddenBear and priceLH and oscHH and phFound

    plot(phFound ? osc[lbR] : na, offset=-lbR, title='Hidden Bearish', linewidth=2,


    color=hiddenBearCond ? hiddenBearColor : noneColor, transp=0)

    plotshape(hiddenBearCond ? osc[lbR] : na, offset=-lbR, title='Hidden Bearish


    Label', text=' H Bear ', style=shape.labeldown, location=location.absolute,
    color=color.new(bearColor, 0), textcolor=color.new(textColor, 0))

    alertcondition(bullCond, title='Bull', message='Regular Bull Div {{ticker}} XXmin')


    alertcondition(bearCond, title='Bear', message='Regular Bear Div {{ticker}} XXmin')
    alertcondition(hiddenBullCond, title='H Bull', message='Hidden Bull Div {{ticker}}
    XXmin')
    alertcondition(hiddenBearCond, title='H Bear', message='Hidden Bear Div {{ticker}}
    XXmin')

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