MACD Histogram

[tdyer89]

Is there an easy way to view the MACD Histogram data as a line? I am interested in utilizing the histo data but I find it easier to read the 'line'.

Thanks in advance!

[ACM]

tdyer89
That option is not available in the Basic Studies MACD. However you can easily modify the MACD efs available in either the Builtin or EFS2 Custom folders to display the Histogram as a line.
Open either efs using the Editor (Tools-> EFS-> Editor) and in preMain replace setPlotType(PLOTTYPE_HISTOGRAM,2) with setPlotType(PLOTTYPE_LINE,2). Then save the efs with a different name and load it in a chart
Alex

[kanirajan]

I understand how to make the MACDHist to display as a line, but I want know how I can get rid of the MACD Line and the MACDSig Line.

I know how to "camflauge" it by changing the colors to white. But, I want to get rid of it all together.

I know you can do this by coding, I just don't know how.

Is that possible, if so, please let me know.

Thank you.

[ACM]

kanirajan
If you are using the customMACD.efs which is in the EFS2 Custom folder then replace the return statement

return new Array (getSeries(xMACD), getSeries(xMACDSig), getSeries(xMACDHist)); 

with

return (getSeries(xMACDHist)); 

Also replace the following section in preMain

setStudyTitle("MACD");
    setCursorLabelName("MACD",0);
    setCursorLabelName("MACDSig",1);
    setCursorLabelName("MACDHist",2);
    setDefaultBarFgColor(Color.blue,0); 
    setDefaultBarFgColor(Color.red,1);
    setDefaultBarFgColor(Color.magenta,2); 
    setPlotType(PLOTTYPE_LINE,0);
    setPlotType(PLOTTYPE_LINE,1);
    setPlotType(PLOTTYPE_HISTOGRAM,2); 
    setDefaultBarThickness(1,0);
    setDefaultBarThickness(1,1);
    setDefaultBarThickness(1,2);
    askForInput(); 

with the following

setStudyTitle("MACD");
    setCursorLabelName("MACDHist",0);
    setDefaultBarFgColor(Color.magenta,0); 
    setPlotType(PLOTTYPE_LINE,0);
    setDefaultBarThickness(1,0);
    askForInput(); 

Once you implement these modifications you should get the plot shown in the image enclosed below
Alex

[kanirajan]

Exactly what I wanted!

Thanks so much, Alexis.

[ACM]

kanirajan
You are most welcome
Alex