“MACZVWAP-modified” conversion request from Tradingview

lorebruno · 2022-05-09T09:01:18+00:00

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: file with the screenshot from Tradingview in which I applied this indicator to PPL Corporation stock (daily) 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

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05/09/2022 at 10:01 AM #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
MACZVWAP-modified-on-PPL-corporation.jpg MACZVWAP-modified.docx
05/10/2022 at 7:42 AM #192965 quote

Nicolas
Keymaster

Legend

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 😆 )

05/10/2022 at 9:26 AM #192977 quote

Nicolas
Keymaster

Legend

The MACZVWAP indicator is available in the library.

JohnScher thanked this post

MACD-Z-VWAP.png

05/10/2022 at 10:18 PM #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?

05/11/2022 at 9:26 AM #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

08/10/2022 at 7:41 AM #198847 quote

pepe
Participant

New

Hi,

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

08/10/2022 at 12:39 PM #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

MACZVWAP-on-chart.jpg
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