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View Full Version : Plots confused in modified MACD


Harry
06-17-2008, 04:46 AM
I customize my indicators just to improve readability. Whenever I put 6 plots in an indicator, the indicator seems to confuse the plots. If I take away 2 plots (including codes and properties) the remaining 4 plots will be fine, I just can't explain it.

Maybe you could have a quick look at the modified MACD below, and explain why the lower boundaries of the histogram are green? The code clearly instructs them to be red. There is something that I do not understand....

Thank you for your help.

NinjaTrader_Dierk
06-17-2008, 07:00 AM
I suggest starting with a simple indicator with 6 plots and no custom logic, each plot on Close + n * TickSize (or something equivalent) to see how it works.

Harry
06-17-2008, 07:27 AM
Maybe I was tired, there was just one bracket missing....

Harry
06-17-2008, 10:38 AM
Here is the MACD with the modified histogram. I put it on a chart together with the MACD supplied with NT. I think it has better readability due to

different colours for up- and down histogram
the lining which accentuates the shape of the histogram
a scaling factor that can be altered, if necessary

Why not use something similar as a standard for NT?

NinjaTrader_Dierk
06-17-2008, 11:05 AM
Thanks for your work. How about uploading it to the indicators/file sharing section?