Colorful MACD (aka Golden MT4's MACD)

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Re: Colorful MACD (aka Golden MT4's MACD)

Postby SavvyStrategist » Thu Sep 01, 2016 6:14 pm

I hate to add to this thread, so many requests...
But could we get a version that flat out ignores the signal line and colors according to the histogram with respect to itself: above 0 and ascending, above 0 and descending; below 0 and descending and below 0 and ascending. So no signal line, just the MACD line, which in this indicator is the histogram, with formatting options.

Also, a zero line that isn't red would be nice, any shade of grey or black would do fine.
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Re: Colorful MACD (aka Golden MT4's MACD)

Postby Apprentice » Fri Sep 02, 2016 2:29 am

GMACD.lua without signal line, Only MACD & Histogram bars?
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Re: Colorful MACD (aka Golden MT4's MACD)

Postby SavvyStrategist » Sat Sep 03, 2016 4:24 pm

Pretty much, just the MACD line as a histogram. I don't use the signal line, so I just want to recolor it to make it easier to read. Basically, I'm looking to make the golden MACD look like the four color OsMA indicator, as seen below.

Image
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Re: Colorful MACD (aka Golden MT4's MACD)

Postby SavvyStrategist » Thu Jan 05, 2017 5:44 am

I hadn't realized I never thanked you for this, my bad. I think I downloaded it, tried it and proceeded to forget. Thank you, is what I'm getting at.

One question, is there a strategy for this indicator? Just the change in slope of the MACD line. I saw there's a few indicators with alerts but because you can't select a sound file it yields an error.
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Re: Colorful MACD (aka Golden MT4's MACD)

Postby BigFOX » Thu Jan 05, 2017 1:16 pm

Hi Apprentice,
it is possible to create a strategy with "GMACD with Alert".

Cordially BigFOX.
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