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Indicator should turn Red when it goes below "Zero" line
Rank: Member
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Joined: 5/8/2010(UTC)
Posts: 28
Location: Mumbai (India)
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Hi,
I have an Expert Advisor which oscillates above and below the Zero line.
My requirement is
The indicator should change to Blue color when it goes above the zero line. Below mentioned formula is for Bullish Trend
Mov(Fml("Swing Trd 1"),81,E)>0
The indicator should change to red when its below the zero line. Below mentioned formula is for Bearish Trend
Mov(Fml("Swing Trd 1"),81,E)<0
This Swing Trd 1 is actually Rainbow Osc
Can any one help???
Thks
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 5/13/2005(UTC)
Posts: 715
Location: Midwest, USA
Was thanked: 1 time(s) in 1 post(s)
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The only way to do this in Metastock is to plot values separately, though you can do this in the same indicator.
{* Plot *}
x:=Mov(Fml("Swing Trd 1"),81,E);
if(x>0,x,0);
x:=Mov(Fml("Swing Trd 1"),81,E);
if(x<0,x,0);
You then set LINE STYLE to Vertical Bars, then set COLOR separately for the bars above and below zero. You can also change the WEIGHT to increase thickness, which make the appearance closer to an area graph.
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Indicator should turn Red when it goes below "Zero" line
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