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    MACD Divergence

    Uploaded by

    BiantoroKunarto
    This document defines a study for identifying divergences between a MACD oscillator and price using pivot highs and lows on the oscillator. It calculates regular and hidden bullish and bearish divergences, and plots the pivots and divergence signals on the chart along with alert conditions. User inputs allow customizing the fast/slow lengths, signal smoothing, and lookback parameters for the pivots and divergence detection.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd

    MACD Divergence

    Uploaded by

    BiantoroKunarto
    131 views4 pages
    This document defines a study for identifying divergences between a MACD oscillator and price using pivot highs and lows on the oscillator. It calculates regular and hidden bullish and bearish divergences, and plots the pivots and divergence signals on the chart along with alert conditions. User inputs allow customizing the fast/slow lengths, signal smoothing, and lookback parameters for the pivots and divergence detection.

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    © © All Rights Reserved

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    This document defines a study for identifying divergences between a MACD oscillator and price using pivot highs and lows on the oscillator. It calculates regular and hidden bullish and bearish divergences, and plots the pivots and divergence signals on the chart along with alert conditions. User inputs allow customizing the fast/slow lengths, signal smoothing, and lookback parameters for the pivots and divergence detection.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Download as txt, pdf, or txt
    131 views4 pages

    MACD Divergence

    Uploaded by

    BiantoroKunarto
    This document defines a study for identifying divergences between a MACD oscillator and price using pivot highs and lows on the oscillator. It calculates regular and hidden bullish and bearish divergences, and plots the pivots and divergence signals on the chart along with alert conditions. User inputs allow customizing the fast/slow lengths, signal smoothing, and lookback parameters for the pivots and divergence detection.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Download as txt, pdf, or txt
    of 4

    //@version=4

    study(title="MACD Divergences by @DaviddTech", resolution="")


    // Getting inputs

    fast_length = input(title="Fast Length", type=input.integer, defval=12)


    slow_length = input(title="Slow Length", type=input.integer, defval=26)
    src = input(title="Source", type=input.source, defval=close)
    signal_length = input(title="Signal Smoothing", type=input.integer, minval = 1,
    maxval = 50, defval = 9)
    sma_source = input(title="Oscillator MA Type", type=input.string, defval="EMA",
    options=["SMA", "EMA"])
    sma_signal = input(title="Signal Line MA Type", type=input.string, defval="EMA",
    options=["SMA", "EMA"])
    // Plot colors
    col_macd = input(#2962FF, "MACD Line   ", input.color, group="Color Settings",
    inline="MACD")
    col_signal = input(#FF6D00, "Signal Line   ", input.color, group="Color Settings",
    inline="Signal")
    col_grow_above = input(#26A69A, "Above   Grow", input.color, group="Histogram",
    inline="Above")
    col_fall_above = input(#B2DFDB, "Fall", input.color, group="Histogram",
    inline="Above")
    col_grow_below = input(#FFCDD2, "Below  Grow", input.color, group="Histogram",
    inline="Below")
    col_fall_below = input(#FF5252, "Fall", input.color, group="Histogram",
    inline="Below")
    // Calculating
    fast_ma = sma_source == "SMA" ? sma(src, fast_length) : ema(src, fast_length)
    slow_ma = sma_source == "SMA" ? sma(src, slow_length) : ema(src, slow_length)
    macd = fast_ma - slow_ma
    signal = sma_signal == "SMA" ? sma(macd, signal_length) : ema(macd, signal_length)
    hist = macd - signal
    plot(hist, title="Histogram", style=plot.style_columns, color=(hist>=0 ? (hist[1] <
    hist ? col_grow_above : col_fall_above) : (hist[1] < hist ? col_grow_below :
    col_fall_below)))
    plot(macd, title="MACD", color=col_macd)
    plot(signal, title="Signal", color=col_signal)

    donttouchzero = input(title="Don't touch the zero line?", defval=true)

    lbR = input(title="Pivot Lookback Right", defval=5)


    lbL = input(title="Pivot Lookback Left", defval=5)
    rangeUpper = input(title="Max of Lookback Range", defval=60)
    rangeLower = input(title="Min of Lookback Range", defval=5)
    plotBull = input(title="Plot Bullish", defval=true)
    plotHiddenBull = false
    plotBear = input(title="Plot Bearish", defval=true)
    plotHiddenBear = false
    bearColor = color.red
    bullColor = color.green
    hiddenBullColor = color.new(color.green, 80)
    hiddenBearColor = color.new(color.red, 80)
    textColor = color.white
    noneColor = color.new(color.white, 100)
    osc = macd

    plFound = na(pivotlow(osc, lbL, lbR)) ? false : true


    phFound = na(pivothigh(osc, lbL, lbR)) ? false : true
    _inRange(cond) =>
    bars = barssince(cond == true)
    rangeLower <= bars and bars <= rangeUpper

    //------------------------------------------------------------------------------
    // Regular Bullish
    // Osc: Higher Low

    oscHL = osc[lbR] > valuewhen(plFound, osc[lbR], 1) and _inRange(plFound[1]) and


    osc[lbR] < 0

    // Price: Lower Low

    priceLL = low[lbR] < valuewhen(plFound, low[lbR], 1)


    priceHHZero = highest(osc, lbL+lbR+5)
    //plot(priceHHZero,title="priceHHZero",color=color.green)
    blowzero = donttouchzero ? priceHHZero < 0 : true
    bullCond = plotBull and priceLL and oscHL and plFound and blowzero

    plot(
    plFound ? osc[lbR] : na,
    offset=-lbR,
    title="Regular Bullish",
    linewidth=2,
    color=(bullCond ? bullColor : noneColor),
    transp=0
    )

    plotshape(
    bullCond ? osc[lbR] : na,
    offset=-lbR,
    title="Regular Bullish Label",
    text=" Bull ",
    style=shape.labelup,
    location=location.absolute,
    color=bullColor,
    textcolor=textColor,
    transp=0
    )

    //------------------------------------------------------------------------------
    // Hidden Bullish
    // Osc: Lower Low

    oscLL = osc[lbR] < valuewhen(plFound, osc[lbR], 1) and _inRange(plFound[1])

    // Price: Higher Low

    priceHL = low[lbR] > valuewhen(plFound, low[lbR], 1)


    hiddenBullCond = plotHiddenBull and priceHL and oscLL and plFound

    plot(
    plFound ? osc[lbR] : na,
    offset=-lbR,
    title="Hidden Bullish",
    linewidth=2,
    color=(hiddenBullCond ? hiddenBullColor : noneColor),
    transp=0
    )
    plotshape(
    hiddenBullCond ? osc[lbR] : na,
    offset=-lbR,
    title="Hidden Bullish Label",
    text=" H Bull ",
    style=shape.labelup,
    location=location.absolute,
    color=bullColor,
    textcolor=textColor,
    transp=0
    )

    //------------------------------------------------------------------------------
    // Regular Bearish
    // Osc: Lower High

    oscLH = osc[lbR] < valuewhen(phFound, osc[lbR], 1) and _inRange(phFound[1]) and


    osc[lbR] > 0

    priceLLZero = lowest(osc, lbL+lbR+5)


    //plot(priceLLZero,title="priceLLZero", color=color.red)
    bearzero = donttouchzero ? priceLLZero > 0 : true

    // Price: Higher High

    priceHH = high[lbR] > valuewhen(phFound, high[lbR], 1)

    bearCond = plotBear and priceHH and oscLH and phFound and bearzero

    plot(
    phFound ? osc[lbR] : na,
    offset=-lbR,
    title="Regular Bearish",
    linewidth=2,
    color=(bearCond ? bearColor : noneColor),
    transp=0
    )

    plotshape(
    bearCond ? osc[lbR] : na,
    offset=-lbR,
    title="Regular Bearish Label",
    text=" Bear ",
    style=shape.labeldown,
    location=location.absolute,
    color=bearColor,
    textcolor=textColor,
    transp=0
    )

    //------------------------------------------------------------------------------
    // Hidden Bearish
    // Osc: Higher High

    oscHH = osc[lbR] > valuewhen(phFound, osc[lbR], 1) and _inRange(phFound[1])

    // Price: Lower High


    priceLH = high[lbR] < valuewhen(phFound, high[lbR], 1)

    hiddenBearCond = plotHiddenBear and priceLH and oscHH and phFound

    plot(
    phFound ? osc[lbR] : na,
    offset=-lbR,
    title="Hidden Bearish",
    linewidth=2,
    color=(hiddenBearCond ? hiddenBearColor : noneColor),
    transp=0
    )

    plotshape(
    hiddenBearCond ? osc[lbR] : na,
    offset=-lbR,
    title="Hidden Bearish Label",
    text=" H Bear ",
    style=shape.labeldown,
    location=location.absolute,
    color=bearColor,
    textcolor=textColor,
    transp=0
    )

    alertcondition(bullCond, title="Bull", message="Regular Bull Div {{ticker}} XXmin")


    alertcondition(bearCond, title="Bear", message="Regular Bear Div {{ticker}} XXmin")
    alertcondition(hiddenBullCond, title="H Bull", message="Hidden Bull Div {{ticker}}
    XXmin")
    alertcondition(hiddenBearCond, title="H Bear", message="Hidden Bear Div {{ticker}}
    XXmin")

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