Normalized smoothed MACD

MACD normalized with its highest and lowest values over the last “inpNormPeriod”.

Classic settings of periods are available. This version embed a small lag smoothing function of the curves for a better reading.

//PRC_Smoothed & Normalized MACD | indicator
//16.10.2018
//Nicolas @ www.prorealcode.com
//Sharing ProRealTime knowledge
//converted from MT5 version

// --- settings 
inpFastPeriod   = 12           // MACD fast period
inpSlowPeriod   = 26           // MACD slow period
inpMacdSignal   = 9            // Signal period
inpSmoothPeriod = 5            // Smoothing period
inpNormPeriod   = 20           // Normalization period
// --- end of settings 

price        = customclose

if barindex>inpslowperiod then 
 alphaf   = 2.0/(1.0+Max(inpFastPeriod,1))
 alphas   = 2.0/(1.0+Max(inpSlowPeriod,1))
 alphasig = 2.0/(1.0+Max(inpMacdSignal,1))
 alphasm  = 2.0/(1.0+Max(inpSmoothPeriod,1))

 emaf = emaf[1]+alphaf*(price-emaf[1])
 emas = emas[1]+alphas*(price-emas[1])
 imacd = emaf-emas

 mmax = Highest[inpNormPeriod](imacd)
 mmin = Lowest[inpNormPeriod](imacd)
 if mmin<>mmax then 
  nval = 2.0*(imacd-mmin)/(mmax-mmin)-1.0 
 else
  nval = 0
 endif

 val = val[1] + alphasm*(nval-val[1])
 sig = sig[1] + alphasig*(val-sig[1])
endif

//colours
if val>val[1] then 
 valr=30
 valv=144
 valb=255
elsif val<val[1] then 
 valr=244
 valv=164
 valb=96
endif
if sig>val then 
 sigr=244
 sigv=164
 sigb=96
else
 sigr=30
 sigv=144
 sigb=255
endif

return val coloured(valr,valv,valb) style(line,3) as "reg smooth MACD", sig coloured(sigr,sigv,sigb) style(dottedline) as "signal line", 0 coloured(169,169,169) style(dottedline)

//PRC_Smoothed & Normalized MACD | indicator

//16.10.2018

//Nicolas @ www.prorealcode.com

//Sharing ProRealTime knowledge

//converted from MT5 version

// --- settings

inpFastPeriod = 12 // MACD fast period

inpSlowPeriod = 26 // MACD slow period

inpMacdSignal = 9 // Signal period

inpSmoothPeriod = 5 // Smoothing period

inpNormPeriod = 20 // Normalization period

// --- end of settings

price = customclose

if barindex>inpslowperiod then

alphaf = 2.0/(1.0+Max(inpFastPeriod,1))

alphas = 2.0/(1.0+Max(inpSlowPeriod,1))

alphasig = 2.0/(1.0+Max(inpMacdSignal,1))

alphasm = 2.0/(1.0+Max(inpSmoothPeriod,1))

emaf = emaf[1]+alphaf*(price-emaf[1])

emas = emas[1]+alphas*(price-emas[1])

imacd = emaf-emas

mmax = Highest[inpNormPeriod](imacd)

mmin = Lowest[inpNormPeriod](imacd)

if mmin<>mmax then

nval = 2.0*(imacd-mmin)/(mmax-mmin)-1.0

else

nval = 0

endif

val = val[1] + alphasm*(nval-val[1])

sig = sig[1] + alphasig*(val-sig[1])

endif

//colours

if val>val[1] then

valr=30

valv=144

valb=255

elsif val<val[1] then

valr=244

valv=164

valb=96

endif

if sig>val then

sigr=244

sigv=164

sigb=96

else

sigr=30

sigv=144

sigb=255

endif

return val coloured(valr,valv,valb) style(line,3) as "reg smooth MACD", sig coloured(sigr,sigv,sigb) style(dottedline) as "signal line", 0 coloured(169,169,169) style(dottedline)

MACD normalized

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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