macd entry arrows indicator

Viewing 8 posts - 1 through 8 (of 8 total)

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09/07/2020 at 3:05 PM #143551 quote
baptisteberard
Participant

New
Hello everyone

my purpose was to create an indicator that displays an arrow on the macd when the histogram crosses the zero line.

Here’s my code:
```
MMC = exponentialAverage[C](close)
MML = exponentialAverage[L](close)

MACDL = MMC - MML
Signal = Average[S](MACDL)
MACDH = MACDL - Signal




fast = MACDH
slow = 0

//first arrow is blueish
CrossOver = fast crosses over slow
IF CrossOver THEN
CrossUnder = 0
//cross = slow[1]
DRAWARROWUP(barindex,0) COLOURED(0,255,10)
endif

IF CrossOver[5] THEN
IF summation[4](CrossOver OR CrossUnder) = 0 THEN
TopLine = highest[5](high) + (5 * pipsize)
DRAWTEXT("---#TopLine#---",barindex-3,TopLine,SansSerif,Bold,16)coloured(153,0,0)
ENDIF
ENDIF

CrossUnder = fast crosses under slow
if CrossUnder then
CrossOver = 0
DRAWARROWDOWN(barindex,0) COLOURED(255,0,10)
endif
IF CrossUnder[5] THEN
IF summation[4](CrossOver OR CrossUnder) = 0 THEN
BottomLine = lowest[5](low) - (5 * pipsize)
DRAWTEXT("---#BottomLine#---",barindex-3,BottomLine,SansSerif,Bold,16)coloured(153,0,0)
ENDIF
ENDIF

RETURN MACDH as "MACD Histogramme", Signal as "Signal", MACDL as "MACD Ligne"
```
Sadly the arrows are very often one candle too early, (as you can see in the screenshot)

does anyone have a clue on why this is?

thanks in advance!

macd-signal.jpg
09/07/2020 at 7:18 PM #143562 quote
KarlBenjamin
Participant

Average
Hi I’m not sure what it is exactly that you are trying to achieve but this is my go to code for whenever I want to use arrows:

Remove lines 11-39 and add the following:

(make a duplicate of your code first just incase this wasn’t what you were after.)
```
if MACDH crosses over 0 then
drawarrowup(barindex,0 -5*pipsize)coloured(0,255,0)
elsif MACDH crosses under 0 then
drawarrowdown(barindex,0 +5*pipsize)coloured(255,0,0)
endif
```
Nicolas thanked this post
09/08/2020 at 10:41 AM #143588 quote
Zigo
Participant

Master
The Arrows on the graph
```
if macd crosses over 0 then
DRAWARROWUP(barindex, low-AverageTrueRange[14](close))coloured(0,150,155,255)
elsif macd crosses under 0 then
DRAWARROWDOWN(barindex, high +AverageTrueRange[14](close))coloured(225,15,55,255)
endif
return
```
Nicolas thanked this post

DOW-12-minutenArrows.png
09/08/2020 at 10:58 AM #143592 quote
Zigo
Participant

Master
```
if macd crosses over 0 then
DRAWARROWUP(barindex, low-AverageTrueRange[14](close))coloured(0,150,155,255)
endif
if macd > 0 then
BACKGROUNDCOLOR(255,255,255,55)
elsif macd crosses under 0 then
DRAWARROWDOWN(barindex, high +AverageTrueRange[14](close))coloured(225,15,55,255)
endif
if macd <0 then
BACKGROUNDCOLOR(255,255,255,75)
endif
return
```
DOW-3-minutenArrows.png
09/09/2020 at 11:18 AM #143710 quote

baptisteberard
Participant

New

Thanks for your help! I’ve tried your code and the arrows are still missplaced, so i guess the problem is probably coming from the software configuration and not the code.

prt-signal.png

09/09/2020 at 11:22 AM #143712 quote

baptisteberard
Participant

New

Update, it works well on the 1 hour time frame, so the problem is coming from the daily i guess

09/09/2020 at 11:41 AM #143715 quote

baptisteberard
Participant

New

So i unactivated this feature (also apply these settings on the daily and higher timeframes),

and now the arrows are placed correctly on the daily timeframe. Problem is solved.

prt-signal-3.png

03/08/2022 at 9:28 AM #189587 quote

datageek
Participant

Average

“The Arrows on the graph”

Where do I put this code?

I am getting error “following variables undefined C, L, S”
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