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Volume bars i Red when the close is negative, and green when the close is positive
Rank: Newbie
Groups: Registered, Registered Users Joined: 10/29/2007(UTC) Posts: 6
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I would really appreciatte if someone could give me a hand on the following. Many softwares have the volume bars in green when the close was positive and in red when the close was negative.
Can you do that with Metastock?
What should I do?
Thank you very much,
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers Joined: 3/7/2005(UTC) Posts: 1,346
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hey metarminator.... thats the way i used to do it also.... however it will leave days where the close did not change as undefined .....
here is roy's code which has the addittional yellow colored bars for the no change days.... just create the indicator using the 'indicator builder' ...... that will create an odd lookin bunch of lines.... right click on the one above an obvious up day and change style to histogram..... then right click on the line for an obvious down day and change to histogram...... in the picture i have left the no change day still as the orignal plot so you can see what it looks like prior.....
it might sound confusing at first but you get it.... the right click and change to histogram will be a technique that comes in handy on many indicators.......
holler back if still unclear.....h
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{roys colored volume} Red:=(C<Ref(C,-1))*V; Green:=(C>Ref(C,-1))*V; Yellow:=(C=Ref(C,-1))*V; Red; Green; Yellow;
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Rank: Newbie
Groups: Registered, Registered Users Joined: 10/29/2007(UTC) Posts: 6
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Hello,
thank you so much¡¡¡¡ I'v been trying to get that answer from equis during a couple of months , and I received from you in just a few hours.
Although it sounds a bit confusing to me (do not program normally), I will try it , with the 'indicator builder', and if it does not work I would come to you if that's ok for you.
Thank you very much again,
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers Joined: 3/7/2005(UTC) Posts: 1,346
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hey metarminator.... sure holler anytime....... much of my time is spent with metatrader but i try to pass thru here daily......
pyradius had responded also and apparently deleted his post..... he made a very good point about troubles arising from attaching a moving average to indicators such as this.... meta will target the last plot, in the roys indicator it's the yellow line, for creating the moving average..... that will not work well.....
we need to change the indicator some to incorporate it's own moving average such as below.... you might have to change that line to 'line' for histogram style.... if you right click and fiddle with the styles you'll see.....h
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{roys colored volume} pds:=Input("periods",1,200,10); Red:=(C<Ref(C,-1))*V; Green:=(C>Ref(C,-1))*V; Yellow:=(C=Ref(C,-1))*V;
a:=Mov(V,pds,S); Red; Green; Yellow; a { a will be the moving average plot}
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Volume bars i Red when the close is negative, and green when the close is positive
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