BB MACD (Bollinger Bands on MACD)

Bollinger Bands on MACD, with different settings you’ll find many ways to use it (mean reverting or with breakout the upper and lower bands).

The MACD line is plotted with blue and red dots as per the original indicator (this one is a conversion from a MT4 one requested by one of our member).

//PRC_BB MACD CCT | indicator
//16.10.2017
//Nicolas @ www.prorealcode.com
//Sharing ProRealTime knowledge
//converted from MT4 version

// --- settings
//FastLen = 38
//SlowLen = 120
//Length = 20
//StDv = 1.1
// --- end of settings

bbMacd = average[FastLen,1]-average[SlowLen,1]

avg = average[Length,1](bbMacd)
sDev = std[Length](bbMacd)

UpperBand = avg+(StDv*sDev)
LowerBand = avg-(StDv*sDev)

if bbMacd>bbMacd[1] then
 r=0
 b=205
else
 r=255
 b=0
endif

drawtext("●",barindex,bbMacd,Dialog,Bold,10) coloured(r,0,b)

return UpperBand coloured(0,0,205) style(line), LowerBand coloured(255,0,0) style (line)

//PRC_BB MACD CCT | indicator

//16.10.2017

//Nicolas @ www.prorealcode.com

//Sharing ProRealTime knowledge

//converted from MT4 version

// --- settings

//FastLen = 38

//SlowLen = 120

//Length = 20

//StDv = 1.1

// --- end of settings

bbMacd = average[FastLen,1]-average[SlowLen,1]

avg = average[Length,1](bbMacd)

sDev = std[Length](bbMacd)

UpperBand = avg+(StDv*sDev)

LowerBand = avg-(StDv*sDev)

if bbMacd>bbMacd[1] then

r=0

b=205

else

r=255

b=0

endif

drawtext("●",barindex,bbMacd,Dialog,Bold,10) coloured(r,0,b)

return UpperBand coloured(0,0,205) style(line), LowerBand coloured(255,0,0) style (line)

bollinger bollinger bands MACD standard deviation std

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

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papero76 • 10/16/2017 #
great idea

Stanko • 10/16/2017 #
Hi Nicolas This is my first “contact” on ProRealCode… Thank you for proposing this indicator (among any others): it is very interesting and useful. Are there any trading systems that use this indicator?
- Nicolas • 10/16/2017 #
  I don’t think so.. You can try to make one with the assisted creation tool in ProOrder window.
- Stanko • 10/16/2017 #
  Ok. Thanks

thierryp • 10/16/2017 #
Bonjour Nicolas, merci pour le travail que vous effectuez. Je ne suis vraiment pas bon dans le codage mais grace a votre travail le trading devient plus facile. Avec une bonne analyse derrière.

Wiezman74 • 10/16/2017 #
any chance you can email me this indicator for MT4,, can’t get the code to work.. limited knowledge, been looking for an indicator like this!!
- Nicolas • 10/16/2017 #
  This website is dedicated to prorealtime programming. But you can ask for custom programming, as a private job, through the programming services: https://www.prorealcode.com/trading-programming-services/

Lydia1948 • 10/16/2017 #
Hi
I really like this indicator – is it easy to change the colour of the blue dots to say green as the blue doesn’t stand out too well against black chart background?
- Nicolas • 10/16/2017 #
  Lines 23 and 24 are the Red and Blue value between 0 to 255, you can change the color of the dots there.

Lydia1948 • 10/16/2017 #
Thanks

marcov66 Hi, it seems a very useful indicator. Unfortunately the link here for the full explanation d...

TACBOLSA Discontinued indicator. we are sorry.

Azzuerus Bonjour, je teste et j'utilise vos indicateurs depuis plusieurs années, et ils me sont dev...

Balmora74 Thanks for this code. i will try to adapt it in the EUR/USD Pac Man Strategy who is based on...

Vonasi I still have two versions of the PacMan strategy on forward test although there have been va...

Balmora74 I use your version on a real account and the strategy is profitable and i did not have any p...

Jack86gv Ciao Nicolas, e possibile fare uno screener con questo codice ovvero vorrei sapere quando il...

Nicolas https://www.prorealcode.com/topic/screener-regressione-canale/

wharfdog Hi Nicolas, Fantastic work, I'm really grateful for this. I was wondering if it would be ...

Nicolas File and code are updated.

Zasinas2000 Hi allo I am not sure I am doing it correctly, but this adds to proreal as an indicator. ...

Trimicha Hi, when I copy the code, i get an error message that LinRegPeriod is not defined. Doe...

Janfi Hello, I'm new to ProRealCode and I do not understand the following summation[n](indicator...

Kaci It seems he's just checking that the previous MACD is < 0 for maximum one period ? I'...

Daniel Martin Hi do you know how have and entry after the second cross? There is crosses below 0 and cross...

lokbuscas is it possible to make a screener with this conditions??? thank you

achel I believe so but I leave it to Nicolas to decide if it is possible

Nicolas Please open a new topic in the screeners forum

leoulve Hello, I uploaded correctly the screener and it is not selecting any. Is it normal? cheers

Oliviertrader2020 Hello, where do you find the ZeroLagMACDWeek indicator? You only posted the mtf-macd-diverge...

MJZTrader Good morning! I was trying to tweek the code in the way as to set it for intraday (1 Min to ...

Nicolas Definition of CustomClose: https://www.prorealcode.com/documentation/customclose/ [2] means...

Bard Just wondered Nicolas, say you had set DEFPARAM CumulateOrders = True, is there anyway for t...

Bard Sorry pls ignore last image, try this - it actually has the Dev Stop indicator! https://www...

Gianluca Hello Nicolas, my prt become stuck when i load the indicator, is there any problem with it?

m-zeter Has anyone found a solution for Sofitech? Would it be possible to draw two lines? An upper l...

m-zeter Hm, i dont know exactly why, but I think, that the indicator needs lots of power. I need als...

GUCCI ONE Bonjour, Nicolas. Pourriez-vous m'aider à transformer cet indicateur en screener, svp ? Merci

Nicolas disponible ici: https://www.prorealcode.com/topic/divergences-screener/

julien1978 hello to all, i recently discovered this indicator. would it be possible to add the detectio...

Xusto Hello, Fully Agree, I will update it with your advice. Btw Can would you like share you co...

Niklas johansson hägglund do you now if it's possible to use this strategy with this code in tradingview also?

Alexander9 This code for metastock ?, can for amibroker . Thanks

Leo Does it opens pending orders?... maybe they were not trigger.

Mattzi Dont know, all i can see is that it opened an order yesterday in backtest but not live. Th...

Jean-Christophe Hello Leo, when running the strategy from 29/12/2015 to 31/08/2018 on ProRealTime Premium, I...

ak5hay2 Works like crazy on bitcoin. Use different timeframes. Thanks a lot Doc!!!

richyowen Hi, great code thanks. Very new to this forum. Is there a way to add a 100point target on an...

lisamitch50 Morning all, Just backtested on quite a few instruments, worked well on backtesting, but tel...

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