Elder Impulse Paintbar

January 27th, 2017, 04:49 AM

Any chance anyone out there would be kind enough to post the code for this. It's just a simple if then statement. I don't understand the syntax of Multicharts.net and there are limited tutorials (none on how to integrate existing studies with paintbars)
I have exhausted my research, and it's not worth $70 I was quoted to have someone copy paste a sequence.

Thanks so much.

This was my code from Thinkorswim:

input length = 13;
input paintBars = yes;

def EMA = ExpAverage(close, length);
def MACD = ExpAverage(close, 12) - ExpAverage(close, 26);
def MACDHist = MACD - ExpAverage(MACD, 9);
def GreenPrice = EMA > EMA[1] and MACDHist > MACDHist[1];
def RedPrice = EMA < EMA[1] and MACDHist < MACDHist[1];

plot Bullish = GreenPrice;
plot Neutral = !GreenPrice and !RedPrice;
plot Bearish = RedPrice;

Bullish.SetDefaultColor(Color.UPTICK);
Bullish.SetPaintingStrategy(PaintingStrategy.BOOLEAN_POINTS);
Bullish.SetLineWeight(3);
Bullish.hide();
Neutral.SetDefaultColor(Color.BLUE);
Neutral.SetPaintingStrategy(PaintingStrategy.BOOLEAN_POINTS);
Neutral.SetLineWeight(3);
Neutral.hide();
Bearish.SetDefaultColor(Color.DOWNTICK);
Bearish.SetPaintingStrategy(PaintingStrategy.BOOLEAN_POINTS);
Bearish.SetLineWeight(3);
Bearish.hide();

DefineGlobalColor("Bullish", Color.UPTICK);
DefineGlobalColor("Neutral", Color.BLUE);
DefineGlobalColor("Bearish", Color.DOWNTICK);
AssignPriceColor(if !paintBars then Color.CURRENT else if GreenPrice then globalColor("Bullish") else if RedPrice then globalColor("Bearish") else globalColor("Neutral"));

ABCTG · January 27th, 2017, 10:02 AM

dWbstreet,

the Multicharts.NET programming guide is a good start and for the syntax any beginner C# book or tutorial should teach you what you need to know:

https://www.multicharts.com/downloads/MultiCharts.NET-ProgrammingGuide-v1.1.pdf

The futures.io member @Jura runs the website https://www.tradingcode.net/ which has excellent content for MC.NET. Going through these tutorials should teach you what you need to know to write your indicator - unfortunately it's not just "copy and paste", though.

Regards,

ABCTG

July 18th, 2021, 06:02 AM

dWbstreet

Any chance anyone out there would be kind enough to post the code for this. It's just a simple if then statement. I don't understand the syntax of Multicharts.net and there are limited tutorials (none on how to integrate existing studies with paintbars)
I have exhausted my research, and it's not worth $70 I was quoted to have someone copy paste a sequence.

Thanks so much.

This was my code from Thinkorswim:

input length = 13;
input paintBars = yes;

def EMA = ExpAverage(close, length);
def MACD = ExpAverage(close, 12) - ExpAverage(close, 26);
def MACDHist = MACD - ExpAverage(MACD, 9);
def GreenPrice = EMA > EMA[1] and MACDHist > MACDHist[1];
def RedPrice = EMA < EMA[1] and MACDHist < MACDHist[1];

plot Bullish = GreenPrice;
plot Neutral = !GreenPrice and !RedPrice;
plot Bearish = RedPrice;

Bullish.SetDefaultColor(Color.UPTICK);
Bullish.SetPaintingStrategy(PaintingStrategy.BOOLEAN_POINTS);
Bullish.SetLineWeight(3);
Bullish.hide();
Neutral.SetDefaultColor(Color.BLUE);
Neutral.SetPaintingStrategy(PaintingStrategy.BOOLEAN_POINTS);
Neutral.SetLineWeight(3);
Neutral.hide();
Bearish.SetDefaultColor(Color.DOWNTICK);
Bearish.SetPaintingStrategy(PaintingStrategy.BOOLEAN_POINTS);
Bearish.SetLineWeight(3);
Bearish.hide();

DefineGlobalColor("Bullish", Color.UPTICK);
DefineGlobalColor("Neutral", Color.BLUE);
DefineGlobalColor("Bearish", Color.DOWNTICK);
AssignPriceColor(if !paintBars then Color.CURRENT else if GreenPrice then globalColor("Bullish") else if RedPrice then globalColor("Bearish") else globalColor("Neutral"));

Buon Giorno!
Did you write the code for Multicharts?
If so can i get it? - Thank you!

January 17th, 2022, 01:01 AM

Hi,

I found this formula on the Net, try to see if it works for you:

{Elder impulse system - Paintbar}

input: len(13), FastMA(13),SlowMA(22),MacdMA(9);
vars:color(cyan);

Value1 = (MACD(Close,FastMA,SlowMA));
Value2 = (XAverage(MACD(Close,FastMA,SlowMA),MacdMA));
Value3 = Value1-Value2;
value4 = xaverage(close,len);

if value4 > value4[1] and value3 > value3[1] then color = green
else if value4 < value4[1] and value3 < value3[1] then color = red
else color = cyan;

plotpb(h,l,o,c,"PB", color);

Elder Impulse Paintbar

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Elder Impulse Paintbar