MACD Color Code

[Jthiel1004]

Can someone help me change the color of the MACD Oscillator when it is rising, sideways, or falling?

Thank you
Joe

[ACM]

Joe
You may need to post the efs you are using or provide a link to where you downloaded it
Alex

[Jthiel1004]

Alexis,
Thank you for the response. I am using the standard MACD in eSignal, however am looking to change the color of the indicator when it moves up, down or sideways. Currently I have an ADX that turns green when moving up, and red when it is sideways and down. If I could figure out how to make the MACD green when it moves up, then blue when it is sideways or down that would be incredibly helpful.


Humbly,
Joe

[ACM]

Joe
Which line in the MACD study determines the up, down or sideways move? The MACD , Signal or Histogram?
Alex

[Jthiel1004]

MACD

Alex,
Sorry it took so long to respond, I have been traveling and unable to check this board. The line I am referring to is the standard blue line in the MACD indicator for the basic studies. I do not want to color code the signal line nor the histogram. I believe the process would be similar to how I coded the ADX (with your help of course). Your help is greatly appreciated. What I am looking to do is turn the MACD line green when it increases, and blue when it is sideways or down. Please let me know what you think. I apologize but I cannot attach a chart at this time.

Joe

[ACM]

Joe
If you use the builtinMACD.efs that is in the Builtins folder then add the following two lines just before the return statement
if(vMACD.getValue(MACDStudy.MACD)>vMACD.getValue(M ACDStudy.MACD,-1))
setBarFgColor(Color.lime,1);
This should color the MACD plot in lime when it is rising. Under all other conditions it will maintain the default color which is blue
Alex

[Jthiel1004]

Thank you

Alexis,
Thank you for your quick response and help. I will give it my best.

Joe

[Jthiel1004]

MACD Image

Alexis,
I have done it, however there is a small error, that I know your exceptional expertise would be able to fix. Would you be willing to help.

Thank you in advance with your coorporation.
Joe

[ACM]

Joe
What is the error? I just ran the efs on a chart and it appears to work fine (result shown in the image below)
Alex

[Jthiel1004]

reply

Alexis,
Thank you for posting an image because i have had problems. You can see with the image that with the first downturn the indicator is still green? Look two clicks left on the blue line in the middle. Do you see how the indicator turns down, but still is green? Let me know what you think
Joe

[ACM]

Joe
Actually that is not an error but the result of how lines are colored by the efs
See this thread for an explanation. The example in the linked thread uses RSI but is applicable to the MACD or any other study. There is a solution however.
To color the plot "backwards" you need to add the following statement in preMain()
setPlotType(PLOTTYPE_INSTANTCOLORLINE, 1);
Alex

[Jthiel1004]

Much appreciated

Alex,
Thank you again. I appreciate you taking the time to help me. I will give this a try.

Joe

[fankc]

Hi,

How could i figure out how to make the MACD signal line Blue when it moves up, then red when it is sideways or down?
Your help is appreciated.
Thank you


fankc

[ACM]

fankc
Add the enclosed section of code to the script just above the section that colors the MACD line.
Alex

if(vMACD.getValue(MACDStudy.SIGNAL)>vMACD.getValue(MACDStudy.SIGNAL,-1))//if SIGNAL is greater than previous SIGNAL
        setBarFgColor(Color.blue,2);//color the third element of the return array in blue
    if(vMACD.getValue(MACDStudy.SIGNAL)<vMACD.getValue(MACDStudy.SIGNAL,-1))//if SIGNAL is less than previous SIGNAL
        setBarFgColor(Color.red,2);//color the third element of the return array in red 

[akiri]

Change Color of Histogram

I am more interested in the color change of the difference between the macd line and signal line, which is represented by the histogram

Is there a way to make the color of the histogram different, eg. Blue above zero, red below zero?

Any pointers would be helpful

AK