Bullish Bearish Indicator on Bottom Bar

Bullish Bearish Indicator on Bottom Bar

Raju Harchandani
2010-11-13 23:41:51

How can one have a bullish(green box extending from say one period to another) based on a formula say "Macd crosses below" zero(this is an example)and a bearish phase (red/hatched lines whatever) likewise when the condition is oppsite
Also at the same time the dates should show through the green /Red /Pink boxes on the x axis

QuantShare
2010-11-15 05:51:36

Are you looking for something like this:

a = rsi(14) > 70;
plot(a, "", colorGreen|50|colorGreen|50|90, ChartStep);
UpdateColor(1, colorTransparent);

a = rsi(14) < 70;
plot(a, "", colorRed|50|colorRed|50|90, ChartStep);
UpdateColor(1, colorTransparent);

Raju Harchandani
2010-11-16 01:42:20

Wonderful....worked in a new pane..(did not in an existing pane having an existing chart) can i make it hatched and appear on the x axis to save real estate

QuantShare
2010-11-16 12:23:22

- To use it in a chart with other indicators just add the "StyleOwnScale" style:
plot(a, "", colorGreen|50|colorGreen|50|90, ChartStep, StyleOwnScale);

- Both suggestions (full pane and hatched) will be available in the next release.

QuantShare
2010-12-01 05:16:12

Here is the new formula: (full pane and hatched)

a = rsi(14) > 60;
plot(a, "", colorGreen|250|colorGreen|250|90, ChartStep);
UpdateColor(1, colorTransparent);

a = rsi(14) < 60;
plot(a, "", colorRed|250|colorRed|250|90, ChartStep);
UpdateColor(1, colorTransparent);
SetHatchBrush("BackwardDiagonal", colorBlue);

UpdateSettings("Full Pane", 1);

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