An adaptation of MACD. I added:
- Zero line cross signal
- MACD/Signal line cross signals with arrows
- Max/Min lines threshold
Theoretical foundation is from goo.gl
BUY & SELL PRICE TO VOLUME PRESSURE
By Ricardo M Arjona @XeL_Arjona
DISCLAIMER:
The Following indicator/code IS NOT intended to be a formal investment advice or recommendation by the author, nor should be construed as such. Users will be fully responsible by their use regarding their own trading vehicles/assets.
The embedded code and ideas within this...
I coded this indicator to adapt a few techniques I learned from Constance Brown to CCI, which is a very good momentum indicator which gives great signals if you know how to read them.
I plotted a few examples on the chart.
As you can see, it complements a trader's bar chart reading skills nicely if applied correctly.
Hope you can find it of use.
Cheers,
Ivan.
VDUB_BINARY_PRO_3_V2 - FINAL
*stripped out a couple of things from V1 - found it was to noisy
*added Baseline_VX1
*switch period channels around
*zigzag
Optional- set centre band to '34 to run centre line
other indicators to include
MACD_VX1
Stoch_VX3
MACD_VXI..
*Cross over markers
*Directional bgcolor indication
To run in line with the VX family / or stand alone :-
Baseline_VX1
MACD_VX1 (this one)
Stoch_VX3
/Strategy, line up all three, place your bets - Black or Green :)
--- Updated: May 19 2015 ----
Applicable only If you are setting up alerts:
I noticed I have switched the plot names. Histo shd be the MACD and DMACD shd be the Signal.
Replace lines 16 & 17 with these to get the correct names. NOTE that no functionality is affected, just the names.
plot(r, style=columns, color=r>0?green:red, transp=80, title="Dinapoli...
This version of the MACD indicator is 'trawling' (checking) if the MACD histogram and the zero line crossing with the MACD line are both positive or negative. The idea behind this is to show areas with higher or lower risk.
Features:
1. Enable the bar color
2. Enable the background color
3. Change zero line value
FYI:
"The MACD-Histogram is an indicator of an...
The Breadth Thrust (BT) indicator is a market momentum indicator developed by Dr. Martin Zweig. According to Dr. Zweig a Breadth Thrust occurs when, during a 10-day period, the Breadth Thrust indicator rises from below 40 percent to above 61.5 percent.
A "Thrust" indicates that the stock market has rapidly changed from an oversold condition to one of strength,...
Hello!
This is similiar to the Price Oscillator ( PPO) that you can find in the Technical Analysis: Built ins.
It is just added colors so you can see patterns when the lines( histogram) are crossing , maybe add some alerts when plots are crossing different levels.
I want to say that I´m no expert in this area, I just had an idea about this and wanted to see if...
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