MACD Zero lag Visual inchart view.
Threshold / Settings can be changed in Format view.
Threshold to be adapted depending on timeframe.
Threshold / Settings can be changed in Format view.
Threshold to be adapted depending on timeframe.
//@version=2 study('GreenMood inchart MACD Zero Lag', overlay=true) // MACD VARIABLE Range_Zerolag_BearMin = input(10) Range_Zerolag_BearlMax = input(30) Range_Zerolag_BullMin = input(-10) Range_Zerolag_BulllMax = input(-30) // MACD ZERO LAG INPUT source = close fastLength = input(12, minval=1) slowLength=input(26,minval=1) signalLength=input(9,minval=1) // MACD ZERO LAG CALCULATION // FAST LINE ema1= ema(source, fastLength) ema2 = ema(ema1,fastLength) differenceFast = ema1 - ema2 zerolagEMA = ema1 + differenceFast demaFast = (2 * ema1) - ema2 // SLOW LINE emas1= ema(source , slowLength) emas2 = ema(emas1 , slowLength) differenceSlow = emas1 - emas2 zerolagslowMA = emas1 + differenceSlow demaSlow = (2 * emas1) - emas2 //MACD LINE ZeroLagMACD = demaFast - demaSlow //SIGNAL LINE emasig1 = ema(ZeroLagMACD, signalLength) emasig2 = ema(emasig1, signalLength) signal = (2 * emasig1) - emasig2 // MACD ZERO LAG OUTPUT plotredMACD = iff((crossover(signal, ZeroLagMACD) and ZeroLagMACD >Range_Zerolag_BearMin and ZeroLagMACD <Range_Zerolag_BearlMax), crossover(signal, ZeroLagMACD), na) plotredSTRONG_MACD = iff((crossover(signal, ZeroLagMACD) and ZeroLagMACD >Range_Zerolag_BearlMax), crossover(signal, ZeroLagMACD), na) plotgreenMACD = iff((crossover(ZeroLagMACD,signal) and ZeroLagMACD <=Range_Zerolag_BullMin and ZeroLagMACD >Range_Zerolag_BulllMax), crossover(ZeroLagMACD, signal), na) plotgreenSTRONG_MACD = iff((crossover(ZeroLagMACD,signal) and ZeroLagMACD <Range_Zerolag_BulllMax), crossover(ZeroLagMACD, signal), na) plotshape(plotredMACD, style=shape.labeldown, location=location.top, color=red, size=size.tiny, text="MACD Sell", textcolor=white) plotshape(plotgreenMACD, style=shape.labelup, location=location.bottom, color=lime, size=size.tiny, text="MACD Buy", textcolor=white) plotshape(plotgreenSTRONG_MACD, style=shape.labelup, location=location.belowbar, color=lime, size=size.tiny, text="MACD Strong Buy", textcolor=white) plotshape(plotredSTRONG_MACD, style=shape.labeldown, location=location.abovebar, color=red, size=size.tiny, text="MACD Strong Sell", textcolor=white)