Re: macd Histogram

[ribau@xxxxxxxxxxx]

Preston, I posted this to the Omega List in response to the same question
you posted back in October. Did you try these?

---------------------------

Here's one that works on end of day charts:
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{MACD Red/Green Hist edited from TS4}

Input: FastMA(12),SlowMA(26),MacdMA(9);

Plot1(MACD(Close,FastMA,SlowMA),"MACD");                      {green line}
Plot2(XAverage(MACD(Close,FastMA,SlowMA),MacdMA),"MACDAvg");  {red line}

Value1 = (Plot1-Plot2);
	If Value1 > Value1[1] then Plot3(Value1,"MAUp")       {green hist}
	Else Plot4(Value1,"MADn");                            {red hist}

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And one that works on intraday charts:

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{MACD IntraDay Hist edited from TS4}
{MaxBarsBack set to 1}

inputs: FastMA(12),SlowMA(26),MacdMA(9);

Plot1(MACD(Close,FastMA,SlowMA),"MACD");                      {green line}
Plot2(XAverage(MACD(Close,FastMA,SlowMA),MacdMA),"MACDAvg");  {red line}

plot3(0,"MA up");	{green hist}
plot4(0,"MA dn");	{red hist    <======reset plot values to 0 before
					    plotting the MACDD values
					    (erases last bar value)}

value1=MACD(Close,FastMA,SlowMA)-(XAverage(MACD(Close,FastMA,SlowMA),MacdMA));

if value1>value1[1] then begin
	plot3(value1,"MA up");   { <===plots according to MACD climbing}
	end else begin
	plot4(value1,"MA dn");   { <===plots according to MACD falling}

end;

-----

They're not elegantly written, but they work well.


>>From: Preston Morrow
>>To: LIST - OMEGA
>>Sent: Tuesday, October 31, 2000 8:36 AM
>>Subject: MACD Histogram: 1-color UP, 1-color DN
>>
>>
>>is there an easy means of changing the OMEGA MACD histogram to show one
>>color when it is greater that the previous bar & another color when the bar
>>is less than the previous bar.
>>thanx, preston