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Need MACDBBLines for ThinkorSwim
Updated February 20, 2021
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Need MACDBBLines for ThinkorSwim
June 10th, 2020, 08:46 AM
Weston, Florida, USA
Experience: Advanced
Platform: Ninja Trader
Trading: ES, CL, TF, 6E, GC
Posts: 47 since Oct 2010
Thanks Given: 49
Thanks Received: 49
Good morning to all, I was looking for the MACDBBLines for Thinkorswim platform, would any of you be so kind to point me in the right direction where to find it? Thanks
Can you help answer these questions
Best Threads (Most Thanked)
June 11th, 2020, 09:23 PM
San Diego, CA
Experience: Beginner
Platform: TOS, Sierra
Trading: Emini ES, Crude CL
Posts: 55 since Mar 2019
Thanks Given: 9
Thanks Received: 43
Never seen MACDBBLines before, so this might be completely wrong. Also, this mostly just copy paste from the built-in versions of MACD and BB. I replaced the average line in MACD with BB lines. If you can provide more specific requirements, I can customize it further if you need.
Code
declare lower;
input fastLength = 12;
input slowLength = 26;
input MACDLength = 9;
input averageType = AverageType.EXPONENTIAL;
input showBreakoutSignals = yes;
plot MACD = MovingAverage(averageType, close, fastLength) - MovingAverage(averageType, close, slowLength);
plot BB = BollingerBands(price = MACD, length = MACDLength, "average type" = averageType).MidLine;
plot BBUpper = BollingerBands(price = MACD, length = MACDLength, "average type" = averageType).UpperBand;
plot BBLower = BollingerBands(price = MACD, length = MACDLength, "average type" = averageType).LowerBand;
plot Diff = MACD - BB;
plot ZeroLine = 0;
plot UpSignal = if Diff crosses above ZeroLine then ZeroLine else Double.NaN;
plot DownSignal = if Diff crosses below ZeroLine then ZeroLine else Double.NaN;
UpSignal.SetHiding(!showBreakoutSignals);
DownSignal.SetHiding(!showBreakoutSignals);
MACD.SetDefaultColor(GetColor(1));
Diff.SetDefaultColor(GetColor(5));
Diff.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
Diff.SetLineWeight(3);
Diff.DefineColor("Positive and Up", Color.GREEN);
Diff.DefineColor("Positive and Down", Color.DARK_GREEN);
Diff.DefineColor("Negative and Down", Color.RED);
Diff.DefineColor("Negative and Up", Color.DARK_RED);
Diff.AssignValueColor(if Diff >= 0 then if Diff > Diff[1] then Diff.color("Positive and Up") else Diff.color("Positive and Down") else if Diff < Diff[1] then Diff.color("Negative and Down") else Diff.color("Negative and Up"));
ZeroLine.SetDefaultColor(GetColor(0));
ZeroLine.AssignValueColor(if Diff >= 0 then if Diff > Diff[1] then Diff.color("Positive and Up") else Diff.color("Positive and Down") else if Diff < Diff[1] then Diff.color("Negative and Down") else Diff.color("Negative and Up") );
UpSignal.SetDefaultColor(Color.UPTICK);
UpSignal.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
DownSignal.SetDefaultColor(Color.DOWNTICK);
DownSignal.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
(pasted screenshot )
February 19th, 2021, 08:25 PM
Weston, Florida, USA
Experience: Advanced
Platform: Ninja Trader
Trading: ES, CL, TF, 6E, GC
Posts: 47 since Oct 2010
Thanks Given: 49
Thanks Received: 49
Hi Jc,standard deviation (as an input) of the Bollinger Bands which by default is 2, but sometimes I use 1.
JayC
Never seen MACDBBLines before, so this might be completely wrong. Also, this mostly just copy paste from the built-in versions of MACD and BB. I replaced the average line in MACD with BB lines. If you can provide more specific requirements, I can customize it further if you need.
JaycC
Code
declare lower;
input fastLength = 12;
input slowLength = 26;
input MACDLength = 9;
input averageType = AverageType.EXPONENTIAL;
input showBreakoutSignals = yes;
plot MACD = MovingAverage(averageType, close, fastLength) - MovingAverage(averageType, close, slowLength);
plot BB = BollingerBands(price = MACD, length = MACDLength, "average type" = averageType).MidLine;
plot BBUpper = BollingerBands(price = MACD, length = MACDLength, "average type" = averageType).UpperBand;
plot BBLower = BollingerBands(price = MACD, length = MACDLength, "average type" = averageType).LowerBand;
plot Diff = MACD - BB;
plot ZeroLine = 0;
plot UpSignal = if Diff crosses above ZeroLine then ZeroLine else Double.NaN;
plot DownSignal = if Diff crosses below ZeroLine then ZeroLine else Double.NaN;
UpSignal.SetHiding(!showBreakoutSignals);
DownSignal.SetHiding(!showBreakoutSignals);
MACD.SetDefaultColor(GetColor(1));
Diff.SetDefaultColor(GetColor(5));
Diff.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
Diff.SetLineWeight(3);
Diff.DefineColor("Positive and Up", Color.GREEN);
Diff.DefineColor("Positive and Down", Color.DARK_GREEN);
Diff.DefineColor("Negative and Down", Color.RED);
Diff.DefineColor("Negative and Up", Color.DARK_RED);
Diff.AssignValueColor(if Diff >= 0 then if Diff > Diff[1] then Diff.color("Positive and Up") else Diff.color("Positive and Down") else if Diff < Diff[1] then Diff.color("Negative and Down") else Diff.color("Negative and Up"));
ZeroLine.SetDefaultColor(GetColor(0));
ZeroLine.AssignValueColor(if Diff >= 0 then if Diff > Diff[1] then Diff.color("Positive and Up") else Diff.color("Positive and Down") else if Diff < Diff[1] then Diff.color("Negative and Down") else Diff.color("Negative and Up") );
UpSignal.SetDefaultColor(Color.UPTICK);
UpSignal.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
DownSignal.SetDefaultColor(Color.DOWNTICK);
DownSignal.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
(pasted screenshot )
February 19th, 2021, 11:48 PM
San Diego, CA
Experience: Beginner
Platform: TOS, Sierra
Trading: Emini ES, Crude CL
Posts: 55 since Mar 2019
Thanks Given: 9
Thanks Received: 43
Here's another attempt. I added the standard deviation input and I removed the Diff plot entirely. The MACD is now charted as dots that change to buy/sell signals if they are above/below the BB bands.
Code
declare lower;
input fastLength = 12;
input slowLength = 26;
input MACDLength = 9;
input averageType = AverageType.EXPONENTIAL;
input showBreakoutSignals = yes;
input stdev = 2;
plot MACD = MovingAverage(averageType, close, fastLength) - MovingAverage(averageType, close, slowLength);
plot BB = BollingerBands(price = MACD, length = MACDLength, "average type" = averageType, "num dev dn" = -stdev, "num dev up" = stdev).MidLine;
plot BBUpper = BollingerBands(price = MACD, length = MACDLength, "average type" = averageType, "num dev dn" = -stdev, "num dev up" = stdev).UpperBand;
plot BBLower = BollingerBands(price = MACD, length = MACDLength, "average type" = averageType, "num dev dn" = -stdev, "num dev up" = stdev).LowerBand;
MACD.SetDefaultColor(GetColor(1));
MACD.AssignValueColor(if MACD > BBUpper then Color.UPTICK else if MACD < BBLower then Color.DOWNTICK else Color.CURRENT);
BB.SetDefaultColor(Color.LIGHT_GRAY);
BBUpper.SetDefaultColor(Color.LIGHT_GRAY);
BBLower.SetDefaultColor(Color.LIGHT_GRAY);
Last Updated on February 19, 2021
