Here's my version of the MACD _BB . This is a great indicator to capture short term trends.
yellow candles = long
aqua candles = short
This indicator can be much better. I will work on it and publish an improved version (hopefully) soon. In the mean time , go ahead and play around with the code, and please share your findings :)
Cheers
Algo
yellow candles = long
aqua candles = short
This indicator can be much better. I will work on it and publish an improved version (hopefully) soon. In the mean time , go ahead and play around with the code, and please share your findings :)
Cheers
Algo
//AK MACD BB //created by Algokid , February 24,2015 study("AK MACD BB v 1.00") length = input(10, minval=1, title="BB Periods") dev = input(1, minval=0.0001, title="Deviations") //MACD fastLength = input(12, minval=1) slowLength=input(26,minval=1) signalLength=input(9,minval=1) fastMA = ema(close, fastLength) slowMA = ema(close, slowLength) macd = fastMA - slowMA //BollingerBands Std = stdev(macd, length) Upper = (Std * dev + (sma(macd, length))) Lower = ((sma(macd, length)) - (Std * dev)) Band1 = plot(Upper, color=gray, style=line, linewidth=2,title="Upper Band") Band2 = plot(Lower, color=gray, style=line, linewidth=2,title="lower Band") fill(Band1, Band2, color=blue, transp=75,title="Fill") mc = macd >= Upper ? lime:red // Indicator plot(macd, color=mc, style =circles,linewidth = 3) zeroline = 0 plot(zeroline,color= orange,linewidth= 2,title="Zeroline") //buy barcolor(macd >Upper ? yellow:na) //short barcolor(macd <Lower ? aqua:na) //needs improvments