Impulse MACD is a modified MACD, formed by filtering out the values in a MA range (region between MAs of high and low), thereby reducing whipsaw typical in a sideways market. This is usually plotted as histogram. This also plots the traditional histogram (MACD - Signal), to help in finding entries/exits.
Use this like a traditional MACD (Zero line crossing or Signal crossing).
Colors legend:
Impulse MACD: Possible colors => Lime / Green / Orange / Red, based on the ImpulseMACD position with respect to MidLine and Signal.
Great indicator. Recommended settings for a 1 minute scalp on futures.
xstreamSTL
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After watching a Youtube video about this indicator, I am not seeing two lines that indicate action (buy or sell) when they cross, like the video shows. Am I missing something?
RogerinhoRamos
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@xstreamSTL, também estou tentando alterar para estratégia com níveis de sobre compra e sobre venda no impulso, mas não encontro o que é a smma...
xstreamSTL
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@RogerinhoRamos, OK I am looking forward to that new upgrade, nice job so far.
xstreamSTL
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@RogerinhoRamos, I would do a search on Indicators for "SMMA".
Arun72783986
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@xstreamSTL, You have to change the settings of Colour 0 in the settings, change "histogram" to "line"
// // @Author LazyBear // // List of my public indicators: bit.ly/1LQaPK8 // List of my app-store indicators: blog.tradingview.com/?p=970 // //@version=5 indicator("Impulse MACD [LazyBear]", shorttitle="IMACD_LB", overlay=false) lengthMA = input(34) lengthSignal = input(9) ebc = input(false, title='Enable bar colors') alert_lines = input(false, title='Enable control lines')