just wondering if the macdbb could be modified so instead a bollinger band a keltner channel is also used, secondly the dots change color when above or below zero line besides the normal falling & rising change in color. third is it possible that arrows are plotted on the chart when the dots penentrate the above or bottom channels. fourth could the dots have a connecting line between them that change color (rising-falling)as well & in the last can the price marker values be in the 0, 100, 200, 300 & -100, -200, -300...... instead of 1,2,3.... -1,-2,-3.....
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
If you want to support our community, become an Elite Member.
The following user says Thank You to Big Mike for this post:
1. Why do you prefer a Keltner Channel?
2. The dots currently change color, when rising or falling and when inside or outside the Bollinger Bands. This means already 4 different colors, your request would require 8 colors, quite confusing.
3.I think there is an arrow plotting version around.
4.What does this mean? As far as I know, the MACD is not normalized but can take any values depending on the underlying.
The following user says Thank You to Fat Tails for this post:
fat tails thanks for the response, well someone told me that blue wave used keltner channels as well as bollinger bands in one of their indicators which worked out pretty cool it had an option of bollinger and keltner just wanted to see if it could get replicated somewhat. secondly it would be 4 colors as rising & falling would be 2 colors & above zero below zero would be 2 colors dont want the colors to change crossing the bands just want arrows to be placed on the chart when dots cross the upper or lower band & dont worry about the price marker values that just confuses everything.