Hi,

combining several different indicators for this system looks very promising.

I would be grateful for some help of modifying 3colorMACD, mq4 file and image attached.

Requirements:

1. Red signal line needs to be broken into 2 colors, Red part -corresponding to red histogram, Blue line -where histogram is blue. Yellow or Green signal (anything like small cross or dot) after the Signal line value was the same for 3 bars.

2. Get rid of the histogram completely or give a choice to hide it.
3. All the rest properties should remain as they are.

Thanks,

euro

Attached Images

3colorMACD.JPG (72.6 KB, 1030 views)

Attached Files

3colorMACD.mq4 (4.4 KB, 243 views)

Thanks for the indicators

I downloaded this indicator and seems to work well. NewCoder

//+------------------------------------------------------------------+
//| MACD.mq4 |
//| Copyright © 2005, David W. Thomas |
//| mailto:davidwt@usa.net |
//+------------------------------------------------------------------+
// This is the correct computation and display of MACD.
#property copyright "Copyright © 2005, David W. Thomas"
#property link "mailto:davidwt@usa.net"

#property indicator_separate_window
#property indicator_buffers 3
#property indicator_color1 Blue
#property indicator_color2 Red
#property indicator_color3 Green

//---- input parameters
extern int FastMAPeriod=12;
extern int SlowMAPeriod=26;
extern int SignalMAPeriod=9;

//---- buffers
double MACDLineBuffer[];
double SignalLineBuffer[];
double HistogramBuffer[];

//---- variables
double alpha = 0;
double alpha_1 = 0;

//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
IndicatorDigits(MarketInfo(Symbol(),MODE_DIGITS)+1 );
//---- indicators
SetIndexStyle(0,DRAW_LINE);
SetIndexBuffer(0,MACDLineBuffer);
SetIndexDrawBegin(0,SlowMAPeriod);
SetIndexStyle(1,DRAW_LINE,STYLE_DOT);
SetIndexBuffer(1,SignalLineBuffer);
SetIndexDrawBegin(1,SlowMAPeriod+SignalMAPeriod);
SetIndexStyle(2,DRAW_HISTOGRAM);
SetIndexBuffer(2,HistogramBuffer);
SetIndexDrawBegin(2,SlowMAPeriod+SignalMAPeriod);
//---- name for DataWindow and indicator subwindow label
IndicatorShortName("MACD("+FastMAPeriod+","+SlowMA Period+","+SignalMAPeriod+")");
SetIndexLabel(0,"MACD");
SetIndexLabel(1,"Signal");
//----
alpha = 2.0 / (SignalMAPeriod + 1.0);
alpha_1 = 1.0 - alpha;
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custor indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
//----

//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
int limit;
int counted_bars = IndicatorCounted();
//---- check for possible errors
if (counted_bars<0) return(-1);
//---- last counted bar will be recounted
if (counted_bars>0) counted_bars--;
limit = Bars - counted_bars;

for(int i=limit; i>=0; i--)
{
MACDLineBuffer[i] = iMA(NULL,0,FastMAPeriod,0,MODE_EMA,PRICE_CLOSE,i) - iMA(NULL,0,SlowMAPeriod,0,MODE_EMA,PRICE_CLOSE,i);
SignalLineBuffer[i] = alpha*MACDLineBuffer[i] + alpha_1*SignalLineBuffer[i+1];
HistogramBuffer[i] = MACDLineBuffer[i] - SignalLineBuffer[i];
}

//----
return(0);
}
//

Thanks

very well I would like to try and searching for this indicator

HI European,
I like macd e cci it's very helpful i never try something togheter , i'd like to ask if this version have the alerts ?

Best Regards,

David.