MACDUpDown

[jtrade]

I downloaded this from the Indicator thread and I notice that it does not plot the same as both the TradeStation and MetaTrader versions. Specifically, if I set the input to 12,26,1 I lose the histogram. TradeStation example attached.

Any ideas how to fix this, please (I tried your standard MACD and got the same result) ?

J.

Edit : I could send you the TS code if you like ?

[NinjaTrader_JoshP]

jtrade,

You may want to try and come into contact with the original author for this request.

[jtrade]

Er... I thought it was you, dear Josh !?

" Submitted by NinjaTrader_Josh
04-03-2008
Hits 442
2.24 Kbytes

[Rate/Comment]
"

[NinjaTrader_JoshP]

Nope. It was Wessel.

"Exported using NT Version 6.5.1000.1
Originally submitted by Wessel

Description
I've changed the MACD histogram. I've seen this in the book entries and exits from A. Elder in the chapter of Kerry L. I found i very usefull so I implemented it for NT. The histogram turns red when the histogram ticks down and it turns green when the histogram ticks up. Ideal for timing the markets. and see in a glimpse a down or uptick of the histogram."

[jtrade]

TS8 code :

inputs:
FastLength( 12),
SlowLength( 26),
MACDLength( 9),
upcolor(green),
upcolor2(red),
dncolor(red),
dncolor2(green);

variables:
MyMACD( 0 ) ;

MyMACD = MACD( Close, FastLength, SlowLength ) ;
Plot1(MyMACD, "MACD" ) ;
if MyMACD<MyMACD[1] and MyMACD<0 then setplotcolor(1,dncolor)
else if MyMACD>MyMACD[1] and MyMACD<0 then setplotcolor(1,dncolor2)
else if MyMACD>MyMACD[1] and MyMACD>0 then setplotcolor(1,upcolor)
else if MyMACD<MyMACD[1] and MyMACD>0 then setplotcolor(1,upcolor2);
Plot2(0,"zeroline");

{ Alert criteria }
if MyMACD crosses over 0 then
Alert( "Bullish alert" )
else if MyMACD crosses under 0 then
Alert( "Bearish alert" ) ;

[jtrade]

Nope. It was Wessel

Where is Wessel when you need him !?

But I think he based his code on the standard Ninja MACD which differs just like the colored version... ?

[NinjaTrader_JoshP]

I cannot comment on how a 3rd party indicator is built. You will want to try and contact Wessel.

[jtrade]

I can see what it is : in TS (and presumably MT4), the MACD averaae is the histogram, wherea in NT the Avergae is a line ... problem solved !

So sorry.

Have a great weekend !

;o)

J.

[jtrade]

No sign of / response from Wessell... but FWIW I think Ninja should make the option to color the up and down bars differently standard within MACD : it's available for most decent charting platforms.

Any chance, please ?

[NinjaTrader_JoshP]

jtrade,

At the moment custom multicolor plots will need to be achieved via custom programming. Thank you for your suggestion.

[jdella]

Ppo

I really enjoy this indicator, and have not 1 bit of coding or programming experience, so I certainly appreciate the contributions that others make. I do have a question though and not sure if this is the right place to post it, but can the same coding that was done for this MACD up/down, be done for the PPO indicator, because it's a tad bit smoother than the MACD. Thanks

[NinjaTrader_JoshP]

jdella,

As a last resort you can also try one of the 3rd party NinjaScript Consultants here: http://www.ninjatrader.com/webnew/pa...injaScript.htm

[e-man]

I really enjoy this indicator, and have not 1 bit of coding or programming experience, so I certainly appreciate the contributions that others make. I do have a question though and not sure if this is the right place to post it, but can the same coding that was done for this MACD up/down, be done for the PPO indicator, because it's a tad bit smoother than the MACD. Thanks

@jdella - can you clarify your request? from what i see, the PPO does not have a histogram to color like the MACD.

[jdella]

E-man it actually does, because once you add the indicator to your chart you can change it from a line study to a bar or histogram. Then if it could be coded as this MACD Up Down was coded it would be nice. I find it a bit smoother than the MACD. Once you add PPO to your chart then click on it and go to plots and open up the smoothed plus sign and where it says plot style change it from line to bar and there you have a histogram, but I have no idea how to code it the way this MACD Up Down is done. If you know how to do that, then I would be most grateful.

[e-man]

ok, have a look and see if this does what you were looking for ...

i also added an "outline" to the histogram (which is the old smooth line), but if you prefer just the raw bars, you can change that color to transparent.

cheers,
-e

EDIT: zip file removed; relocated to last post in thread.