There was something wrong with the export I did 6 January 2011. If you downloaded before 8 January 2011 the version you downloaded probably will not import. Sorry for any inconvenience.
The original version colors the background depending on the user set threshold but does not change the lines on the Histograph. This version sets the lines according to the threshold as well as changes the background color.
I created a universal indicator that will alter the color based on slope change of "ANY" distinct, single-value dataseries in any panel.
To use this, you need to learn how to define the input series for the indicator (all done via the NT8 UI).
You can use “ANY” other available dataseries as input and the color change will be applied. No programing required; upper Bollinger band, lower Keltner band, HMA, TSI, MACD, etc… any indicator you have on your system can be used as the input dataseries for this indicator.
You need to understand how to change input series to use this indicator. This works the same as it did in previous Nijatrader releases.
Read up on this here for NT8
1.) go to control panel
2.) select help guide (F1)
3.) open Operations by selecting arrow head
4.) open Chart by selecting arrow head
5.) select Working with Indicators document
6.) open How to edit an indicator's parameters by selecting arrow head
scroll to bottom of this display to read about changing indicator input series
Note, this feature is recursive meaning you can do this multiple times for example
ColorInputSeriesSlopeChanges(ema(volume)))
You can change the colors used, the defaults are Red (down), Yellow(same or peak), or Green(up).
Yellow can indicate values that are identical but it can also represent what I call Peak. The Peak value is the bar that is the apex of the slope change (ie from up to down). You can also toggle the display of Peak off or on.
Modified code to display Up/Down arrows when the MA line changes color. This indicator is a "Sample MA indicator that allows you to select different MA types."
Extra features(like arrows) are nice to have when you can turn them On/Off.
MACDcolors Version 1.1
Author: radi8
Trading Group Affiliation: TeamPIPPEdge
Yes, I know, there are an infinite number of variations on the MACD indicator.
That said, I wanted an MACD that I could define overbought and oversold conditions for. That is difficult to do given the different tick sizes of various instruments. So I created a normalized MACD. So this will plot with similar values whether you are trading the 6J or the YM. With this in mind, you can establish OB/OS levels in the indicator. The indicator will trigger alerts when there is a crossover in OB/OS territory. In general, I've found that values between 5 and 10 are good for the OB/OS levels. When a crossover happens in this region, a trend reversal is more likely. When the indicator is moving between the OB/OS levels, it is generally not a great time to enter the market.
Also, I like simple. So this indicator just shows one colored plot. It changes colors when the MACD and AVE plots cross, showing only one line. I still include all the normal data series you can access (Default, Ave, Diff). There are several DataSeries you can access for strategies as well as for market analyzers. You can also define time zones for the alerts. If there is a particular strategy you trade off the MACD that is time sensitive, this will allow you to define that time block when you would like to be alerted.
The screenshot shows this indicator with my CandleStickDoctor indicator.
Cheers!
radi8
UPDATE (1/31/17)
I found a small bug with the time logic that I corrected. If you want the indicator to generate signals at all times, set all the time bins to -1.
Also added the ability to select different MA's as the source for the MACD.
This indicator displays a change in chart background color when two moving averages of your choice cross over. Or you can choose to display a shaded rectangle instead of the chart background color shading. A third option is that you can display both, the background and the rectangle shading simultaneously.
You can select an offset, by a number of bars, to start displaying after the moving averages have crossed.
There is an option to plot the moving averages selected.
The available moving averages you can select include:
EMA,
SMA,
HMA,
WMA,
DEMA,
TMA,
TEMA,
ZLEMA,
VMA
UPDATED (2021 Feb 11 - Version 1.1): Allow you to select one moving average type for the slow MA and a different moving average type for the fast MA.
UPDATED (2021 Feb 15 - Version 1.2): Added VMA to the list of available moving average types.
UPDATED (2021 Mar 11 - Version 1.3): Added KAMA & MAMA to the list of available moving average types.
December 10th, 2010 05:46 PM GaryN69 Awesome, thank you!
December 1st, 2010 02:34 PM greathopes Sweet indicator ty ty thank you ;~)
March 10th, 2010 11:05 AM sedonafan I would also very much like to have audible alerts and paint the bars on this indicator.
September 23rd, 2009 01:50 AM HJay Love the arrow addition. 2 missing features that would be nice to have would be the ability to paint the bars according
to line color as well as audible alerting on change of color. Thanks
September 20th, 2010 04:52 AM Jason11 Why does this plot an extra tail on the indicator line when it changes direction (color)in NT7 ? It is not a clean line