Good morning to all, I was looking for the MACDBBLines for Thinkorswim platform, would any of you be so kind to point me in the right direction where to find it? Thanks

Never seen MACDBBLines before, so this might be completely wrong. Also, this mostly just copy paste from the built-in versions of MACD and BB. I replaced the average line in MACD with BB lines. If you can provide more specific requirements, I can customize it further if you need.

JaycC

 

Code

declare lower; input fastLength = 12; input slowLength = 26; input MACDLength = 9; input averageType = AverageType.EXPONENTIAL; input showBreakoutSignals = yes; plot MACD = MovingAverage(averageType, close, fastLength) - MovingAverage(averageType, close, slowLength); plot BB = BollingerBands(price = MACD, length = MACDLength, "average type" = averageType).MidLine; plot BBUpper = BollingerBands(price = MACD, length = MACDLength, "average type" = averageType).UpperBand; plot BBLower = BollingerBands(price = MACD, length = MACDLength, "average type" = averageType).LowerBand; plot Diff = MACD - BB; plot ZeroLine = 0; plot UpSignal = if Diff crosses above ZeroLine then ZeroLine else Double.NaN; plot DownSignal = if Diff crosses below ZeroLine then ZeroLine else Double.NaN; UpSignal.SetHiding(!showBreakoutSignals); DownSignal.SetHiding(!showBreakoutSignals); MACD.SetDefaultColor(GetColor(1)); Diff.SetDefaultColor(GetColor(5)); Diff.SetPaintingStrategy(PaintingStrategy.HISTOGRAM); Diff.SetLineWeight(3); Diff.DefineColor("Positive and Up", Color.GREEN); Diff.DefineColor("Positive and Down", Color.DARK_GREEN); Diff.DefineColor("Negative and Down", Color.RED); Diff.DefineColor("Negative and Up", Color.DARK_RED); Diff.AssignValueColor(if Diff >= 0 then if Diff > Diff[1] then Diff.color("Positive and Up") else Diff.color("Positive and Down") else if Diff < Diff[1] then Diff.color("Negative and Down") else Diff.color("Negative and Up")); ZeroLine.SetDefaultColor(GetColor(0)); ZeroLine.AssignValueColor(if Diff >= 0 then if Diff > Diff[1] then Diff.color("Positive and Up") else Diff.color("Positive and Down") else if Diff < Diff[1] then Diff.color("Negative and Down") else Diff.color("Negative and Up") ); UpSignal.SetDefaultColor(Color.UPTICK); UpSignal.SetPaintingStrategy(PaintingStrategy.ARROW_UP); DownSignal.SetDefaultColor(Color.DOWNTICK); DownSignal.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);

(pasted screenshot)

Hi Jc,

Sorry, I just saw your reply.

Actually, your code needs the standard deviation (as an input) of the Bollinger Bands which by default is 2, but sometimes I use 1.

When the Diff is above the Upper Band then you get a long signal and when is below the lower band then you get the sell signal. If you leave the St.Dev at 2 you get very few signals, if you change it to 1 then you get more signals, so you need to change that in your code also.

If you can modify those 2 lines of code that'll be great!!

Thanks a lot,

Alan

JayC 

Never seen MACDBBLines before, so this might be completely wrong. Also, this mostly just copy paste from the built-in versions of MACD and BB. I replaced the average line in MACD with BB lines. If you can provide more specific requirements, I can customize it further if you need. JaycC   Code declare lower; input fastLength = 12; input slowLength = 26; input MACDLength = 9; input averageType = AverageType.EXPONENTIAL; input showBreakoutSignals = yes; plot MACD = MovingAverage(averageType, close, fastLength) - MovingAverage(averageType, close, slowLength); plot BB = BollingerBands(price = MACD, length = MACDLength, "average type" = averageType).MidLine; plot BBUpper = BollingerBands(price = MACD, length = MACDLength, "average type" = averageType).UpperBand; plot BBLower = BollingerBands(price = MACD, length = MACDLength, "average type" = averageType).LowerBand; plot Diff = MACD - BB; plot ZeroLine = 0; plot UpSignal = if Diff crosses above ZeroLine then ZeroLine else Double.NaN; plot DownSignal = if Diff crosses below ZeroLine then ZeroLine else Double.NaN; UpSignal.SetHiding(!showBreakoutSignals); DownSignal.SetHiding(!showBreakoutSignals); MACD.SetDefaultColor(GetColor(1)); Diff.SetDefaultColor(GetColor(5)); Diff.SetPaintingStrategy(PaintingStrategy.HISTOGRAM); Diff.SetLineWeight(3); Diff.DefineColor("Positive and Up", Color.GREEN); Diff.DefineColor("Positive and Down", Color.DARK_GREEN); Diff.DefineColor("Negative and Down", Color.RED); Diff.DefineColor("Negative and Up", Color.DARK_RED); Diff.AssignValueColor(if Diff >= 0 then if Diff > Diff[1] then Diff.color("Positive and Up") else Diff.color("Positive and Down") else if Diff < Diff[1] then Diff.color("Negative and Down") else Diff.color("Negative and Up")); ZeroLine.SetDefaultColor(GetColor(0)); ZeroLine.AssignValueColor(if Diff >= 0 then if Diff > Diff[1] then Diff.color("Positive and Up") else Diff.color("Positive and Down") else if Diff < Diff[1] then Diff.color("Negative and Down") else Diff.color("Negative and Up") ); UpSignal.SetDefaultColor(Color.UPTICK); UpSignal.SetPaintingStrategy(PaintingStrategy.ARROW_UP); DownSignal.SetDefaultColor(Color.DOWNTICK); DownSignal.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN); (pasted screenshot)

Here's another attempt. I added the standard deviation input and I removed the Diff plot entirely. The MACD is now charted as dots that change to buy/sell signals if they are above/below the BB bands.

Jay

 

Code

declare lower; input fastLength = 12; input slowLength = 26; input MACDLength = 9; input averageType = AverageType.EXPONENTIAL; input showBreakoutSignals = yes; input stdev = 2; plot MACD = MovingAverage(averageType, close, fastLength) - MovingAverage(averageType, close, slowLength); plot BB = BollingerBands(price = MACD, length = MACDLength, "average type" = averageType, "num dev dn" = -stdev, "num dev up" = stdev).MidLine; plot BBUpper = BollingerBands(price = MACD, length = MACDLength, "average type" = averageType, "num dev dn" = -stdev, "num dev up" = stdev).UpperBand; plot BBLower = BollingerBands(price = MACD, length = MACDLength, "average type" = averageType, "num dev dn" = -stdev, "num dev up" = stdev).LowerBand; MACD.SetDefaultColor(GetColor(1)); MACD.AssignValueColor(if MACD > BBUpper then Color.UPTICK else if MACD < BBLower then Color.DOWNTICK else Color.CURRENT); BB.SetDefaultColor(Color.LIGHT_GRAY); BBUpper.SetDefaultColor(Color.LIGHT_GRAY); BBLower.SetDefaultColor(Color.LIGHT_GRAY);