A while ago I posted a more flexible MACD , known as PPO (See that post for details).
Yesterday I had a request by @ChartArt for a Laguerre MACD . Since I favor PPO to MACD , here it is!
Completely untested, and not at all price fit. Play with the numbers and leave a comment if you come up with an interesting combination or idea ;)
Yesterday I had a request by @ChartArt for a Laguerre MACD . Since I favor PPO to MACD , here it is!
Completely untested, and not at all price fit. Play with the numbers and leave a comment if you come up with an interesting combination or idea ;)
study(title = "TheLark Laguerre PPO", overlay=false) //•/•/•/•/•/•/•/•/•/•/•/•/•/•/•/•/•/•/•/•/•/•/•// // // // LAGUERRE PPO BY THELARK // // ~ 7-8-14 ~ // // // // •/• // // // // https://www.tradingview.com/u/TheLark // // // //•/•/•/•/•/•/•/•/•/•/•/•/•/•/•/•/•/•/•/•/•/•/•// Short = input(0.4) Long = input(0.8) emalen = input(20,title="Length of EMA Smoothing line") doppo=input(true,title="Show PPO?") dosig=input(true,title="Show Signal") dohist=input(true,title="Show Histogram?") lag(g, p) => L0 = (1 - g)*p+g*nz(L0[1]) L1 = -g*L0+nz(L0[1])+g*nz(L1[1]) L2 = -g*L1+nz(L1[1])+g*nz(L2[1]) L3 = -g*L2+nz(L2[1])+g*nz(L3[1]) f = (L0 + 2*L1 + 2*L2 + L3)/6 f //plots lmas = lag(Short, hl2) lmal = lag(Long, hl2) ppo = ((lmas - lmal)/lmal)*100 emasig = ema(ppo,emalen) plot(doppo ? ppo : na, color=#0094FF) plot(dosig ? emasig : na, color=#D26110) plot(dohist? ppo - emasig :na,color=#FF006E,style=histogram,linewidth=2)