This is a fast version of the MACD BB Lines indicator. The MACD settings and the band period, the multiplier for the standard deviation, the dotsize and all colors can be selected.
Different colors can be selected for dots outside and inside the Bollinger Band.
Connector line added between the MACD dots.
Unlike previous indicators this indicator can also be used on multiseries charts or charts with equidistant bar spacing set to "false".
The default colours are adapted to dark backgrounds. Special thanks to Zondor for speed-optimizing the code.
UPDATED April 22, 2011 to add a histogram feature (difference between MACD and its AVERAGE line).
Version 4, exported using NT Version 7.0.0.22 includes these enhancements (all optional):
Background coloring (flooding):
Color background, only colors the background of the indicator.
Color ALL Backgrounds, colors all indicator panels, including the price bar panel.
With ALL set to True and Price bar coloring set to true, and the sounds options set to True, you can concentrate on the price bar panel, without having to watch the indicator panel.
Conservative mode: Set to "True", the indicator will color the price bars and background when the MACD crosses above or below the Zero line (Lime, above Zero, Red, below Zero. All colors are user-selectable).
Conservative mode: Set to "False", the indicator will color the price bars and background when the MACD crosses its BB Average line, giving you more opportunities for scalping within the current price move.
BB Violation dots: An option may be chosen to paint a "double dot" on the price bar screen when the MACD BB dot violates the Bollinger Band (exits outside the band). If it re-enters the band, the condition resets, so that the next time it exits the band, another "double dot" paints on the price bar chart.
Sounds: Sound options may be chosen to play when the BB dot exits the BB Band (up sound & down sound). Sound options may be set to play when the MACD crosses (up or down) on the Zero line (up sound & down sound).
Price Bar coloring (PaintBars): You can set the color of the UP bar, DOWN bar and the OUTLINE of each. To achieve "hollow" style UP bars, simply set the UP bar color to "transparent" and then set the Outline to any color of your choice. Defaults are Lime (up bar), Black (outline), Red (down bar), Black (outline).
In the attached example, I am using it on a 4 MedianRenko bar chart with the indicator set to:
# of Std Deviations = 0.05
Band Period = 10
Dot Size = 1
Fast MACD = 60
Slow MACD = 120
Smooth = 30
The defaults are:
# of Std Deviations = 1
Band Period = 10
Dot Size = 2
Fast MACD = 12
Slow MACD = 26
Smooth = 5
Thanks to Jeff Castille for suggesting these enhancements.
April 3rd, 2011
Size: 11.53 KB
Downloaded: 3002 times
883
TheWizard
Originally ported from MetaTrader, I found this in one of BMT's threads & made some slight modifications to it. I found the original bar size and font size a little too small for my large monitor and decided to add a "bar size multipler" and "font size multiplier" to enlarge the size of the color bars as well as the font.
Other older members, who, like myself, may have a difficult time seeing small objects on a chart, may find this helpful.
You can increase the size of the color bars, the font, or both.
This is a slight modification to the original MACD BB Lines indicator.
The defaults are the same.
The changes I made were:
Increase the dot size
Swapped the upper band and lower band colors (upper is now blue & lower is red), Removed the white "background" dot that was displaying behind the MACDBBLine dot.
UPDATED APRIL 10, 2010 - ADDED A "MID-LINE" between the upper BBband and lower BBband
This works in NT6.5
This has not been tested in NT7.0
This is an enhancement of SMI4 (which was an enhancement / combination of the SMI2 and Cory's SMI2) which added a price bar coloring option, a background coloring option, an option to draw a vertical line on the price panel when trend changes and an option to play a sound upon the formation of a new price bar).
Cory contributed code to color the region between +20 / -20 which indicates a possible chop zone.
The background coloring differs from SMI4, which painted the background based on whether the SMIEMA was above or below the zero line.
This version changes the background color when the SMIUP / SMIDOWN dots rise or fall above the SMIEMA line, indicating a possible change in price direction, for potential earlier entry into the move.
Examples of how I use this indicator can be found in the WizardsDen (HolyGrail II) thread.
March 23, 2010: Update
REPAINTING:
Fixed a "repainting" problem that other members discovered. Cleaned up the code. Changed the text that read "very over bought / very over sold" to "chop zone upper" & "chop zone lower". Removed the ChopFilter function, as it added nothing to help in keeping you out of chop.
ADDED TEXT ALERTS:
"POSSIBLE CHOP" when SMI dot enters the +20 / -20 zone
"LONG BREAKOUT" when SMI dot exits above the +20 zone
"SHORT BREAKOUT" when SMI dot exits below the -20 zone
(Re-uploaded March 23, 2010, 7:29 pm CST. Original post did not contain the .zip file, just the .jpg file)
May 17th UPDATE:
This fix addresses several problems that were discovered.
Mindset contributed code to color the bars hollow when price is rising & solid when price is falling eDanny contributed code to remove errant arrows, vertical lines, text messages and also code to clean up the conditions when the warning sounds play.
The arrow code has been changed to (offset*ticksize) so that when you use it on currencies, you shouldn't have to adjust the OFFSET parameter in order to get the arrows to show. They should show automatically now.
I changed it so that it colors the arrows to whatever color you set in the VERTICAL LINE UP/DOWN option. That way, you can have Red/Blue price bars & Magenta / Lime arrows (they are a little easier to spot, I think, when they're not the same color as the price bars).
March 23rd, 2010
Size: 11.30 KB
Downloaded: 4706 times
393
TheWizard
I enhanced Cory's SMI2 and added a price bar coloring option, as well as background coloring option and the option to draw a vertical line on the price panel when trend changes. You can also put this indicator in panel 1 and turn off all the plots (Set all plots & alert line to TRANSPARENT) and just using the background colors to color the background of the price panel, if you desire. I altered the default settings and some of the plots so that it now looks more like the Eco2 (Ergodic) indicator, and is (I think) a little easier to read than Eco2.
March 23, 2010: Update
REPAINTING:
Fixed a "repainting" problem that other members discovered. Cleaned up the code. Changed the text that read "very over bought / very over sold" to "chop zone upper" & "chop zone lower". Removed the ChopFilter function, as it added nothing to help in keeping you out of chop.
ADDED TEXT ALERTS:
"POSSIBLE CHOP" when SMI dot enters the +20 / -20 zone
"LONG BREAKOUT" when SMI dot exits above the +20 zone
"SHORT BREAKOUT" when SMI dot exits below the -20 zone
In an attempt to collect Indicators from Treads, Big Mike has asked me to post the Post popular indicators here. I have credited the Author, to allow editing or deletion.
In an attempt to collect Indicators from Treads, Big Mike has asked me to post the Post popular indicators here. I have credited the Author, to allow editing or deletion. ZTrade101.
March 6th, 2010
Size: 47.99 KB
Downloaded: 770 times
357
TheWizard
This indicator draws a horizontal line on the price panel showing where price is currently.
I found this in a post awhile back and am currently using it on a chart. When I looked for it in the DOWNLOADS section, I could not find it, so am posting it for other interested members.
I added a new bar sound (sound that you can turn on / off to
alert you to the formation of a new price bar - I find this helpful, as I am not
always facing my monitor & like to hear when a new price bar forms), background colors (blue for long / red for short), which you can also turn on or
off & change to suit your preference. Hollow Candelstick Bars (some folks have requested this CandleStick type. OHLC and HI/Lo will still show solid.
Other than that, it works just the same as the original ADXVMA Alerts V1.05.
February 15th, 2015 08:17 PM josemarcello It is exactly the same !! Just setup it properly !!
November 28th, 2014 10:35 PM itachi1991 guys i just imported this but it looks nothing like what is in the pic, there are no arrows only the macd on the bottom
plz help
October 27th, 2014 01:37 PM Denny2009 Great!!Thank you very much!
Does anyone know what the diamonds are used for - reversal points / bollinger squeezing with keltner?
Thanks!
February 26th, 2011 03:05 PM Ducman Great indicator to avoid a lot of heat during trading. Thanks to you and all the others involved creating or updating th
e indicator.
November 3rd, 2010 10:35 AM BarOne How do you import the into Ninjatrader 7 or 6.5?
October 4th, 2010 07:59 AM senna12 Thanks for sharing this!
October 4th, 2010 02:00 AM tradermav Thanks for sharing. Excellent work.
August 16th, 2016 12:55 PM bobc635 Very Nice !!! Thanks
March 17th, 2016 08:32 AM no3putts Thank you!
December 31st, 2015 01:23 PM Srq1 Thanks Wizard, very useful indicator.
August 26th, 2015 05:39 AM fisagol Very useful indicator! Good job!!
July 22nd, 2013 02:46 AM Amsterdam Whale You're bang on - I'm much more able to see at a 'glance' what once could only be seen by a 'squint'. The only thing wors
e than getting old and things getting blurry is being young and things getting blurry! Oh well, some must apparently go
down early, I can hack it. Thanks very much for this.