MacD Custom Indicator-Multiple Time Frame+All Available Options!

This MacD Indicator has every feature available. See First Post for Details.
Skrip open-source

Sejalan dengan semangat TradingView, penulis skrip ini telah mempublikasikannya secara open-source, sehingga para trader dapat memahami dan memverifikasinya. Salut untuk sang penulis! Anda dapat menggunakannya secara gratis, tetapi penggunaan kembali kode ini dalam publikasi diatur oleh Tata Tertib. Anda dapat memfavoritkannya untuk dapat menggunakannya didalam sebuah chart.

Inggin menggunakan skrip ini pada chart?
//Created by user ChrisMoody updated 4-10-2014
//Regular MACD Indicator with Histogram that plots 4 Colors Based on Direction Above and Below the Zero Line
//Update allows Check Box Options, Show MacD & Signal Line, Show Change In color of MacD Line based on cross of Signal Line.
//Show Dots at Cross of MacD and Signal Line, Histogram can show 4 colors or 1, Turn on and off Histogram.
//Special Thanks to that incredible person in Tech Support whoem I won't say you r name so you don't get bombarded with emails
//Note the feature Tech Support showed me on how to set the default timeframe of the indicator to the chart Timeframe, but also allow you to choose a different timeframe.
//By the way I fully disclose that I completely STOLE the Dots at the MAcd Cross from "TheLark"

study(title="CM_MacD_Ult_MTF", shorttitle="CM_Ult_MacD_MTF")
source = close
useCurrentRes = input(true, title="Use Current Chart Resolution?")
resCustom = input(title="Use Different Timeframe? Uncheck Box Above", type=resolution, defval="60")
smd = input(true, title="Show MacD & Signal Line? Also Turn Off Dots Below")
sd = input(true, title="Show Dots When MacD Crosses Signal Line?")
sh = input(true, title="Show Histogram?")
macd_colorChange = input(true,title="Change MacD Line Color-Signal Line Cross?")
hist_colorChange = input(true,title="MacD Histogram 4 Colors?")

res = useCurrentRes ? period : resCustom

fastLength = input(12, minval=1), slowLength=input(26,minval=1)

fastMA = ema(source, fastLength)
slowMA = ema(source, slowLength)

macd = fastMA - slowMA
signal = sma(macd, signalLength)
hist = macd - signal

outMacD = security(tickerid, res, macd)
outSignal = security(tickerid, res, signal)
outHist = security(tickerid, res, hist)

histA_IsUp = outHist > outHist[1] and outHist > 0
histA_IsDown = outHist < outHist[1] and outHist > 0
histB_IsDown = outHist < outHist[1] and outHist <= 0
histB_IsUp = outHist > outHist[1] and outHist <= 0

//MacD Color Definitions
macd_IsAbove = outMacD >= outSignal
macd_IsBelow = outMacD < outSignal

plot_color = hist_colorChange ? histA_IsUp ? aqua : histA_IsDown ? blue : histB_IsDown ? red : histB_IsUp ? maroon :yellow :gray
macd_color = macd_colorChange ? macd_IsAbove ? lime : red : red
signal_color = macd_colorChange ? macd_IsAbove ? yellow : yellow : lime

circleYPosition = outSignal
plot(smd and outMacD ? outMacD : na, title="MACD", color=macd_color, linewidth=4)
plot(smd and outSignal ? outSignal : na, title="Signal Line", color=signal_color, style=line ,linewidth=2)
plot(sh and outHist ? outHist : na, title="Histogram", color=plot_color, style=histogram, linewidth=4)
plot(sd and cross(outMacD, outSignal) ? circleYPosition : na, title="Cross", style=circles, linewidth=4, color=macd_color)
hline(0, '0 Line', linestyle=solid, linewidth=2, color=white)


Where can I find instructions on how to use this indicator?
Thank you in advanced
+950 Jawab
marcilioqsj bostonmagik
@bostonmagik, same here. He said "Full description in 1st post", but where is it?
+415 Jawab
ikonspirasi bostonmagik
@bostonmagik, Hi guys, the first post is below, we must scroll down to the author first post in the comment section (2014)
+14 Jawab
hi pro, I am very interested in your indicator. But can you explain clearly how to use that? Please, thanks you
+263 Jawab

Iam very new to trading so I may be wrong.

I tried this indicator and its amazing. I was observing the buy/sell recommendations for BTC/USD (XBT/USD BITMEX Exchange), for 15 min TF, the indicator showed a sell (red dot) and in the next candle, there a spike of $100.


1) Is everything working fine? Or am I missing something?
2) DO I have to keep verifying abt the buy/sell on diff time frames before taking the trade?

Many thanks.
+180 Jawab
@wotzzup, the MACD doesn’t give perfect signals. Nothing does. At least, nothing public. Otherwise everyone would use it.

So there’s nothing wrong. Sometimes there’s a pump or dump that people don’t anticipate and, if you’re using MAs with no stoploss for buying and selling, you’ll get rekt.
+26 Jawab
@wotzzup, This indicator may not work well in crypto where pump and dump are very common
+10 Jawab
@wotzzup, before taking any trade verify with other indicator. if every indicator indicates same signal or trend, then enter, otherwise stay away
+3 Jawab
Lu69barbie wotzzup
@wotzzup, In my opinion, indicators aren't signals, it will be better for you to know price action and help you with indicators to find more confluences to take a trade. Regards and good trades!!
+1 Jawab
Features of this indicator: MacD w/ Ability to see Different Timeframes!

-Defaults automatically to chart timeframe.
-Ability to change to reflect a Higher or Lower Timeframe.
-CheckBox to have MacD line change colors when it crosses the Signal Line.
-CheckBox to take MacD and Signal line off, just leaving Histogram.
-Show Dots at MacD - Signal Line Cross.
-CheckBox to take Histogram off chart.
-Checkbox to change Histogram from 4 colors to 1 color (Gray is Default).

Video On Importing Custom Indicator from PasteBin Link Below:

Link to Code for Indicator:
+132 Jawab