“MACZVWAP-modified” conversion request from Tradingview

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  • #192931 quote
    lorebruno
    Participant
    New

    Dear All,

    I just found this indicator on Tradingview code (Pinescript) that I found interesting:

    https://www.tradingview.com/script/dPYnTwxq-MACZVWAP-modified/

    I would be interested in evaluating the outcome of this indicator on Prorealtime

    I attached the following files:

    1. file with the screenshot from Tradingview in which I applied this indicator to PPL Corporation stock (daily)
    2. file with the Pinescript script

    I hope that I correctly understood the forum rules and I did not mess up anything with this request, since it’s the first time I write a request on this forum.

    Thanks to anyone would like to take the chance of having a look to this request

    Best regards

    Lorenzo

    #192965 quote
    Nicolas
    Keymaster
    Master

    So that’s the MACD of the Z-score of a VWAP and with a Laguerre smoothing. I will try to look at that today. Thanks a lot for the nicely formatted code translation query! (would be better with a short description, but the original author doesn’t give any, so that’s ok for this time 😆 )

    #192977 quote
    Nicolas
    Keymaster
    Master

    The MACZVWAP indicator is available in the library.

    JohnScher thanked this post
    #193017 quote
    JohnScher
    Participant
    Veteran

    Looks to me a bit like 2 oscillators overlapping. Black line and the histogram.
    After a rebuild into a strategy, can you measure how the success is when the two oscillators are furthest apart?
    The same question arises with me also with, Didi indicator, have it there with abs (DDL-DDS) tried. With moderate success after optimization.
    And here and or again there in a flawless programming?

    #193037 quote
    supertiti
    Participant
    Master

    This indicator seems interesting a priori, everyone will put the values ​​as they please, personally I set faster parameters.

    Would it be possible to have the same code with the signal on the price graph

    Thanks, have a good day

    #198847 quote
    pepe
    Participant
    New

    Hi,

    I also would like to have the same code with signal on price graph.
    Thanks 🙂

    #198875 quote
    supertiti
    Participant
    Master

    Bonjour,

    J’ai fai ça, j’ai mis une moyenne pour que ce soit plus lisible ce qui lisse le signal évidemment
    bons trades

    //MACZVWAP on chart indicator 10.08.2022 modifié 
    //Nicolas @ www.prorealcode.com  //Sharing ProRealTime knowledge
    //converted from pinescript
    
    // --- settings
    fastLength = 12 //MACD Fast MA Length
    slowLength = 25 //MACD Slow MA Length
    signalLength = 9 //MACD Signal Length
    lengthz = 20 //Z-VWAP Length
    lengthStdev = 25 //Stdev Length
    A = 1.0 //MACZ constant A
    B = 1.0 //MACZ constant B
    useLag = 1 //Apply Laguerre Smoothing (0=false ; 1=true)
    gamma = 0.02 //Laguerre Gamma
    // p = 10
    // m = exponentielle
    // --- end of settings
    
    source=customclose
    
    mean = summation[lengthz](volume*close)/summation[lengthz](volume)
    vwapsd = sqrt(average[lengthz](pow(close-mean, 2)))
    zscore = (close-mean)/vwapsd
    
    fastMA = average[fastLength](source)
    slowMA = average[slowLength](source)
    imacd = fastMA - slowMA
    maczt=zscore*A+ imacd/std[lengthStdev](source)*B
    if uselag and maczt>0 then
    s = maczt
    g = gamma
    l0 = (1 - g)*s+g*(l0[1])
    l1 = -g*l0+(l0[1])+g*(l1[1])
    l2 = -g*l1+(l1[1])+g*(l2[1])
    l3 = -g*l2+(l2[1])+g*(l3[1])
    macz=(l0 + 2*l1 + 2*l2 + l3)/6
    else
    macz=maczt
    endif
    /////////////////////////////////////////////////////////
    signal =  ( average[signalLength](macz) /100 ) + close
    MA = average [p,m]( signal )
    /////////////////////////////////////////////////////////
    
    hist=macz-signal
    
    return  signal style(line,3) as "signal MACZVWAP" , MA as " MA "
    JohnScher thanked this post
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“MACZVWAP-modified” conversion request from Tradingview


ProBuilder: Indicators & Custom Tools

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lorebruno @lorebruno Participant
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This topic contains 6 replies,
has 5 voices, and was last updated by supertiti
3 years, 6 months ago.

Topic Details
Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 05/09/2022
Status: Active
Attachments: 4 files
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