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Hi,
Is it possible to color the volume bars as per below mentioned conditions:
1) color blue - price bar H >ref(H,-1) & L>REF(L,-1) - its an high high higher low bar.
2) color red - price bar H<REF(H,-1) & L<REF(L,-1) - its an lower high lower low bar.
3) color green - price bar H>REF(H,-1) & L<REF(L,-1) - its an outside bar.
Kindly help.
Regards,
K
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This should be getting better with version 15 (where we'll be hopefully re-writing the formula language) but as it stands right now you can only define 1 color per plot. So within the current limitations, you have to basically plot the volume multiple times with a conditional statement:
Blue:=H > Ref(H,-1) AND L > Ref(L,-1);
Red:=H < Ref(H,-1) AND L < Ref(L,-1);
Green:=H > Ref(H,-1) AND L < Ref(L,-1);
If(Blue,V,0);
If(Red,V,0);
If(Green,V,0);
If(Blue=0 AND Red=0 AND Green=0,V,0)
Then, after the indicator is plotted, you have to select the appropriate plot (this can be tricky as you basically have 4 competing plots in the same window - I find using the Tab key is easiest) then click Format-->Selected Object and change the color/style of each plot to match the condition. Note you would also have to define a color for when none of the 3 conditions is true.
While this can be a little time consuming initially, once you have the custom volume indicator plotted and correctly colored, you can save it as part of a template to more easily apply the indicator in the future.
Edited by user Friday, March 6, 2015 9:32:38 PM(UTC)
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 1 user thanked MS Support for this useful post.
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Rank: Member
Groups: Registered, Registered Users, Unverified Users
Joined: 3/7/2014(UTC)
Posts: 17
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Hi MS Support,
Thanks a ton for the formula. It worked very well.
Thanks once again.
Regards,
K Edited by user Saturday, March 7, 2015 4:18:44 AM(UTC)
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