Colouring candlesticks differntly

Colouring candlesticks differntly

Raju Harchandani
2010-09-19 12:13:59

Hi
I have to colour the candlesticks(quotes)
1) green if (MACD in another pane) is above zero red and above its signal line
2) red if it is below zero and below its signal line
and
3) black for all other conditions
HELP
Raju

QuantShare
2010-09-20 05:42:48

Hi,

Right click on the main pane, then click on "Edit Formula".

Under the "PlotCandleStick" function, type the following lines:

m = macd();
s = macdSignal(14);
UpdateColor(1, colorBlack);
UpdateColor(m > 0 and m > s, colorGreen);
UpdateColor(m < 0 and m < s, colorRed);

Raju Harchandani
2010-09-20 08:40:37

That is great ... now one more request
How do i put green up arrows below the green bars (above) which meet the following condition rsi above 70 and like wise red arrows pointing downwards above the red bars when rsi is below 30
Thanx in advance...
Raju

QuantShare
2010-09-21 06:30:24

Best Answer

Here is the formula you should add to create up and down arrows:

PlotArrow(m > 0 and m > s and rsi(14) > 70, "", BelowLow, colorGreen);
PlotArrow(m < 0 and m < s and rsi(14) < 30, "", AboveHigh, colorRed);

Get more messages

No more messages

Back


Trading Items Thicken Candlesticks Enhanced Candlestick Chart with Volume Variation Reverse Collar Option Strategy NYSE Historical Volume Data Percent High Low Range as a measure of stock volatility	How-to Lessons How to plot arrows below/above candlesticks on a chart How to automatically arrange charts? How to import trading items from other accounts How to plot the relative performance of several stocks/indices How to get stocks for a particular index using the global script
Related Forum Threads Thickening Candlesticks Ability to remove fill colour for rising candlesticks only. Graphing hypothetical candlesticks into the future? i need daily price bars, when Stock is trading \| INDIA(NSE) Can you share your main (candlestick chart) formula? Here's mine!	Blog Posts QuantShare Trading Software: New Features in the 3.4.3 Version Backtesting All Candlestick Patterns in 10 Minutes QuantShare Programming Language Tutorial Fundamental analysis: How to track economic indicators in the For... Trading System: Buy stocks with the highest Sharpe ratio