Is it possible to have the PPO Historgram color match the Elder Impulse System?

http://www.forex-tsd.com/attachments/indicators-expert-systems-tools/203676d1405864678-macd-indicator-macd-elder-impulse.gif

You could try plotting the following Custom PCF Indicators in the same pane and scale as the exponential PPO Histogram 12,26,9 indicator.

- Plot Style: Histogram
- Plot Color: Green
- Period: 1
- Formula: 100 * (XAVGC12 / XAVGC26 - .20019827 * (XAVGC12 / XAVGC26 + .8 * (XAVGC12.1 / XAVGC26.1 + .8 * (XAVGC12.2 / XAVGC26.2 + .8 * (XAVGC12.3 / XAVGC26.3 + .8 * (XAVGC12.4 / XAVGC26.4 + .8 * (XAVGC12.5 / XAVGC26.5 + .8 * (XAVGC12.6 / XAVGC26.6 + .8 * (XAVGC12.7 / XAVGC26.7 + .8 * (XAVGC12.8 / XAVGC26.8 + .8 * (XAVGC12.9 / XAVGC26.9 + .8 * (XAVGC12.10 / XAVGC26.10 + .8 * (XAVGC12.11 / XAVGC26.11 + .8 * (XAVGC12.12 / XAVGC26.12 + .8 * (XAVGC12.13 / XAVGC26.13 + .8 * (XAVGC12.14 / XAVGC26.14 + .8 * (XAVGC12.15 / XAVGC26.15 + .8 * (XAVGC12.16 / XAVGC26.16 + .8 * (XAVGC12.17 / XAVGC26.17 + .8 * (XAVGC12.18 / XAVGC26.18 + .8 * (XAVGC12.19 / XAVGC26.19 + .8 * (XAVGC12.20 / XAVGC26.20 + .8 * (XAVGC12.21 / XAVGC26.21 + .8 * (XAVGC12.22 / XAVGC26.22 + .8 * (XAVGC12.23 / XAVGC26.23 + .8 * (XAVGC12.24 / XAVGC26.24 + .8 * (XAVGC12.25 / XAVGC26.25 + .8 * (XAVGC12.26 / XAVGC26.26 + .8 * (XAVGC12.27 / XAVGC26.27 + .8 * (XAVGC12.28 / XAVGC26.28 + .8 * (XAVGC12.29 / XAVGC26.29 + .8 * (XAVGC12.30 / XAVGC26.30)))))))))))))))))))))))))))))))) / ABS(C > XAVGC13.1 AND XAVGC12 / XAVGC26 - .20019827 * (XAVGC12 / XAVGC26 + .8 * (XAVGC12.1 / XAVGC26.1 + .8 * (XAVGC12.2 / XAVGC26.2 + .8 * (XAVGC12.3 / XAVGC26.3 + .8 * (XAVGC12.4 / XAVGC26.4 + .8 * (XAVGC12.5 / XAVGC26.5 + .8 * (XAVGC12.6 / XAVGC26.6 + .8 * (XAVGC12.7 / XAVGC26.7 + .8 * (XAVGC12.8 / XAVGC26.8 + .8 * (XAVGC12.9 / XAVGC26.9 + .8 * (XAVGC12.10 / XAVGC26.10 + .8 * (XAVGC12.11 / XAVGC26.11 + .8 * (XAVGC12.12 / XAVGC26.12 + .8 * (XAVGC12.13 / XAVGC26.13 + .8 * (XAVGC12.14 / XAVGC26.14 + .8 * (XAVGC12.15 / XAVGC26.15 + .8 * (XAVGC12.16 / XAVGC26.16 + .8 * (XAVGC12.17 / XAVGC26.17 + .8 * (XAVGC12.18 / XAVGC26.18 + .8 * (XAVGC12.19 / XAVGC26.19 + .8 * (XAVGC12.20 / XAVGC26.20 + .8 * (XAVGC12.21 / XAVGC26.21 + .8 * (XAVGC12.22 / XAVGC26.22 + .8 * (XAVGC12.23 / XAVGC26.23 + .8 * (XAVGC12.24 / XAVGC26.24 + .8 * (XAVGC12.25 / XAVGC26.25 + .8 * (XAVGC12.26 / XAVGC26.26 + .8 * (XAVGC12.27 / XAVGC26.27 + .8 * (XAVGC12.28 / XAVGC26.28 + .8 * (XAVGC12.29 / XAVGC26.29 + .8 * (XAVGC12.30 / XAVGC26.30))))))))))))))))))))))))))))))) > XAVGC12.1 / XAVGC26.1 - .20019827 * (XAVGC12.1 / XAVGC26.1 + .8 * (XAVGC12.2 / XAVGC26.2 + .8 * (XAVGC12.3 / XAVGC26.3 + .8 * (XAVGC12.4 / XAVGC26.4 + .8 * (XAVGC12.5 / XAVGC26.5 + .8 * (XAVGC12.6 / XAVGC26.6 + .8 * (XAVGC12.7 / XAVGC26.7 + .8 * (XAVGC12.8 / XAVGC26.8 + .8 * (XAVGC12.9 / XAVGC26.9 + .8 * (XAVGC12.10 / XAVGC26.10 + .8 * (XAVGC12.11 / XAVGC26.11 + .8 * (XAVGC12.12 / XAVGC26.12 + .8 * (XAVGC12.13 / XAVGC26.13 + .8 * (XAVGC12.14 / XAVGC26.14 + .8 * (XAVGC12.15 / XAVGC26.15 + .8 * (XAVGC12.16 / XAVGC26.16 + .8 * (XAVGC12.17 / XAVGC26.17 + .8 * (XAVGC12.18 / XAVGC26.18 + .8 * (XAVGC12.19 / XAVGC26.19 + .8 * (XAVGC12.20 / XAVGC26.20 + .8 * (XAVGC12.21 / XAVGC26.21 + .8 * (XAVGC12.22 / XAVGC26.22 + .8 * (XAVGC12.23 / XAVGC26.23 + .8 * (XAVGC12.24 / XAVGC26.24 + .8 * (XAVGC12.25 / XAVGC26.25 + .8 * (XAVGC12.26 / XAVGC26.26 + .8 * (XAVGC12.27 / XAVGC26.27 + .8 * (XAVGC12.28 / XAVGC26.28 + .8 * (XAVGC12.29 / XAVGC26.29 + .8 * (XAVGC12.30 / XAVGC26.30 + .8 * (XAVGC12.31 / XAVGC26.31))))))))))))))))))))))))))))))))

- Plot Style: Histogram
- Plot Color: Red
- Period: 1
- Formula: 100 * (XAVGC12 / XAVGC26 - .20019827 * (XAVGC12 / XAVGC26 + .8 * (XAVGC12.1 / XAVGC26.1 + .8 * (XAVGC12.2 / XAVGC26.2 + .8 * (XAVGC12.3 / XAVGC26.3 + .8 * (XAVGC12.4 / XAVGC26.4 + .8 * (XAVGC12.5 / XAVGC26.5 + .8 * (XAVGC12.6 / XAVGC26.6 + .8 * (XAVGC12.7 / XAVGC26.7 + .8 * (XAVGC12.8 / XAVGC26.8 + .8 * (XAVGC12.9 / XAVGC26.9 + .8 * (XAVGC12.10 / XAVGC26.10 + .8 * (XAVGC12.11 / XAVGC26.11 + .8 * (XAVGC12.12 / XAVGC26.12 + .8 * (XAVGC12.13 / XAVGC26.13 + .8 * (XAVGC12.14 / XAVGC26.14 + .8 * (XAVGC12.15 / XAVGC26.15 + .8 * (XAVGC12.16 / XAVGC26.16 + .8 * (XAVGC12.17 / XAVGC26.17 + .8 * (XAVGC12.18 / XAVGC26.18 + .8 * (XAVGC12.19 / XAVGC26.19 + .8 * (XAVGC12.20 / XAVGC26.20 + .8 * (XAVGC12.21 / XAVGC26.21 + .8 * (XAVGC12.22 / XAVGC26.22 + .8 * (XAVGC12.23 / XAVGC26.23 + .8 * (XAVGC12.24 / XAVGC26.24 + .8 * (XAVGC12.25 / XAVGC26.25 + .8 * (XAVGC12.26 / XAVGC26.26 + .8 * (XAVGC12.27 / XAVGC26.27 + .8 * (XAVGC12.28 / XAVGC26.28 + .8 * (XAVGC12.29 / XAVGC26.29 + .8 * (XAVGC12.30 / XAVGC26.30)))))))))))))))))))))))))))))))) / ABS(C < XAVGC13.1 AND XAVGC12 / XAVGC26 - .20019827 * (XAVGC12 / XAVGC26 + .8 * (XAVGC12.1 / XAVGC26.1 + .8 * (XAVGC12.2 / XAVGC26.2 + .8 * (XAVGC12.3 / XAVGC26.3 + .8 * (XAVGC12.4 / XAVGC26.4 + .8 * (XAVGC12.5 / XAVGC26.5 + .8 * (XAVGC12.6 / XAVGC26.6 + .8 * (XAVGC12.7 / XAVGC26.7 + .8 * (XAVGC12.8 / XAVGC26.8 + .8 * (XAVGC12.9 / XAVGC26.9 + .8 * (XAVGC12.10 / XAVGC26.10 + .8 * (XAVGC12.11 / XAVGC26.11 + .8 * (XAVGC12.12 / XAVGC26.12 + .8 * (XAVGC12.13 / XAVGC26.13 + .8 * (XAVGC12.14 / XAVGC26.14 + .8 * (XAVGC12.15 / XAVGC26.15 + .8 * (XAVGC12.16 / XAVGC26.16 + .8 * (XAVGC12.17 / XAVGC26.17 + .8 * (XAVGC12.18 / XAVGC26.18 + .8 * (XAVGC12.19 / XAVGC26.19 + .8 * (XAVGC12.20 / XAVGC26.20 + .8 * (XAVGC12.21 / XAVGC26.21 + .8 * (XAVGC12.22 / XAVGC26.22 + .8 * (XAVGC12.23 / XAVGC26.23 + .8 * (XAVGC12.24 / XAVGC26.24 + .8 * (XAVGC12.25 / XAVGC26.25 + .8 * (XAVGC12.26 / XAVGC26.26 + .8 * (XAVGC12.27 / XAVGC26.27 + .8 * (XAVGC12.28 / XAVGC26.28 + .8 * (XAVGC12.29 / XAVGC26.29 + .8 * (XAVGC12.30 / XAVGC26.30))))))))))))))))))))))))))))))) < XAVGC12.1 / XAVGC26.1 - .20019827 * (XAVGC12.1 / XAVGC26.1 + .8 * (XAVGC12.2 / XAVGC26.2 + .8 * (XAVGC12.3 / XAVGC26.3 + .8 * (XAVGC12.4 / XAVGC26.4 + .8 * (XAVGC12.5 / XAVGC26.5 + .8 * (XAVGC12.6 / XAVGC26.6 + .8 * (XAVGC12.7 / XAVGC26.7 + .8 * (XAVGC12.8 / XAVGC26.8 + .8 * (XAVGC12.9 / XAVGC26.9 + .8 * (XAVGC12.10 / XAVGC26.10 + .8 * (XAVGC12.11 / XAVGC26.11 + .8 * (XAVGC12.12 / XAVGC26.12 + .8 * (XAVGC12.13 / XAVGC26.13 + .8 * (XAVGC12.14 / XAVGC26.14 + .8 * (XAVGC12.15 / XAVGC26.15 + .8 * (XAVGC12.16 / XAVGC26.16 + .8 * (XAVGC12.17 / XAVGC26.17 + .8 * (XAVGC12.18 / XAVGC26.18 + .8 * (XAVGC12.19 / XAVGC26.19 + .8 * (XAVGC12.20 / XAVGC26.20 + .8 * (XAVGC12.21 / XAVGC26.21 + .8 * (XAVGC12.22 / XAVGC26.22 + .8 * (XAVGC12.23 / XAVGC26.23 + .8 * (XAVGC12.24 / XAVGC26.24 + .8 * (XAVGC12.25 / XAVGC26.25 + .8 * (XAVGC12.26 / XAVGC26.26 + .8 * (XAVGC12.27 / XAVGC26.27 + .8 * (XAVGC12.28 / XAVGC26.28 + .8 * (XAVGC12.29 / XAVGC26.29 + .8 * (XAVGC12.30 / XAVGC26.30 + .8 * (XAVGC12.31 / XAVGC26.31))))))))))))))))))))))))))))))))

Awesome. Ingenious.

Thank You.

Bruce - Your PCF for Elder Impulse works great laid over the PPO.  Do you have a similar PCF that can be overlaid on the MACD histogram 12,26,9?

Bruce-Thanks for the quick help.  Works perfectly (as always).

Is it possible to apply the colors to the price chart instead of the histogram?

We could place colored dots on the price chart, but it is not possible to paint the price plot itself based on the Elder Impulse colors.

So how do you do the colored dots?

You would need to decide where on the price pane you wanted to plot the dots. Do you want them to plot on the closing price, the high, the low or different locations depending on the color?

I would also need to know if you want the colors based on PPO or MACD.

I'm not sure how to answer your reply but this is my understanding of it:

• Trend = the Slope of the 13-period EMA
• Momentum = the Slope of the MACD Histogram
• If Trend and Momentum are both UP, color the bar GREEN
• If Trend and Momentum are both DOWN, color the bar RED
• If Trend and Momentum disagree, color the bar BLUE.

Note that Stockcharts has this feature on their free charts with the price charts color coded.  I'm surprised it's so difficult in TC2000.

You will want to plot the following Custom PCF Indicators in the same pane and scale as price.

- Plot Style: Dot
- Plot Color: Green
- Period: 1
- Formula: C / ABS(C > XAVGC13.1 AND 119 * C + 765 * XAVGC12.1 > 65 * XAVGC26.1 + 819 * XAVGC9.1)

- Plot Style: Dot
- Plot Color: Red
- Period: 1
- Formula: C / ABS(C < XAVGC13.1 AND 119 * C + 765 * XAVGC12.1 < 65 * XAVGC26.1 + 819 * XAVGC9.1)

- Plot Style: Dot
- Plot Color: Blue
- Period: 1
- Formula: C / ABS(SGN(C - XAVGC13.1) <> SGN(119 * C + 765 * XAVGC12.1 - 65 * XAVGC26.1 - 819 * XAVGC9.1))

Thanks Bruce.  I understand how to create the custom PCF but how do I do:

- Plot Style: Dot
- Plot Color: Green
- Period: 1
 

I was able to figure it out.  Bruce, thanks for much for your help!

You're welcome. I am happy to read you were able to figure it out on your own.

Replace the C before the / at the beginning of each formula in the Tuesday, November 24, 2015 4:52:49 PM ET post with an arbitrary number (maybe 100).

Dear Bruce! Please advise how i should amend the formula by using 7 period RSI instead or Momentum?

I am not quite sure what you are asking. The Elder Impulse colors happen due to very specific requirements. So if you want to use RSI or momentum to put colored dots on price, we would need a lot more information on how you want to determine the colors.

If you just want to plot the colored dots on another indicator instead of price, you would replace the C at the beginning of the formula with a formula for the indicator you want to use.

So:

C / ABS(C > XAVGC13.1 AND 119 * C + 765 * XAVGC12.1 > 65 * XAVGC26.1 + 819 * XAVGC9.1)

Becomes the following for a plain RSI 7:

RSI7 / ABS(C > XAVGC13.1 AND 119 * C + 765 * XAVGC12.1 > 65 * XAVGC26.1 + 819 * XAVGC9.1)

If it is a compound fomrula, it would need to put in parentheses. For example, if you wanted to plot the price at the midpoint of the price bar instead of the close.

(H + L) / 2 / ABS(C > XAVGC13.1 AND 119 * C + 765 * XAVGC12.1 > 65 * XAVGC26.1 + 819 * XAVGC9.1)

Bruce,

the formula above are based on EMA and MACD Histogram. I'd like to amend it by replacing MACD for 7 period RSI. Hope i did answer your question.

An interesting thing about a Wilder's smoothed RSI is that it will go up when C > C1 and down when C < C1 no matter what its period.

So green would just be:

C / ABS(C > XAVGC13.1 AND C > C1)

Red would be:

C / ABS(C < XAVGC13.1 AND C < C1)

And blue would be:

C / ABS(SGN(C - XAVGC13.1) <> SGN(C - C1))

If it is the plain RSI without Wilder's smoothing then green would be:

C / ABS(C > XAVGC13.1 AND RSI7 > RSI7.1.1)

Red would be:

C / ABS(C < XAVGC13.1 AND RSI7 < RSI7.1.1)

And blue would be:

C / ABS(SGN(C - XAVGC13.1) <> SGN(RSI7 - RSI7.1.1))

Dear Bruce,

sorry for bothering you, but dibn't you think to insttal the well know and perfect working BOP into VER 17. The indicator are very great. Expecially the fact that Worden brothers created it and other people steal the idea?

If not, coudld you please sen me to a revelant page where i can learn how to wrtite ?

Thank you !
 

Balance of Power is available in version 17.

Yes, i know that since i start using the program.  but its works as a histotram and i need the bars should be marked red-yellow-green.

BOP plots the same way in version 7 and 17. Chart is from 17 and the BOP from 7 posted below.

Attachments:
BOP.gif - 35 KB, downloaded 1,540 time(s).

Ah, you mean color the price bars the same.  Forgot v7 does that.

It does perfectly! Please see attached.

Please allow to ask one more question. Whether is possible to create such an indicator (or something similar) by using TC2000 17 (it looks like an oscillator):

Sure, just change the plot style on BOP from Histogram to Line.

Thank you so much Sir!

Dear Bruce can you please amend the romua by leaving MACD and replace Exp MA by Front weigheted moving average?

You can just replace XAVG with FAVG everywhere you want front-weighted instead of exponential.  Note, this will only work in version 17.

My version is 16.0.036

I looked at help menu. Also i did try to replace for FAVG as you wrote before,but the program told there is a mistake.

Version 17 is required to use the FAVG function. You can download it here http://www.tc2000.com/download

I gor 17 version now. BUT one formula which shows trend shows error. Maybe because i delete "C" capital after FAVG?

Don't remove the C, just replace XAVG with FAVG.

It written wromg method AGVCC

The rimula as follows:

C / ABS(C > FAVGC22.1 AND 119 * C + 765 * FAVGC12.1 > 65 * FAVGC50.1 + 819 * FAVGCC9.1)

OH! My bad double C .... How i can amend period for 11  instead 22?

OK. You are interested in price being above the 11 period front weighted moving average and a front weighted MACD 12, 50, 9 Histogram moving up (I'm just guessing based on the numbers in your formula)?

IIF(C > FAVGC22 AND FAVGC12 - FAVGC50 - FAVG(FAVGC12 - FAVGC50, 9) > FAVGC12.1 - FAVGC50.1 - FAVG(FAVGC12.1 - FAVGC50.1, 9), C, 1 / 0)