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Post From: Problem with Open & Close Marker Style in Numbers Bars study

[2017-02-03 04:00:55] Link To Thread - Link To Post [Go To First Post]
User50927 - Posts: 90
I apologize for not annotating the chart correctly. I used the dragonfly and gravestone doji terminology so that we could communicate more easily since that is an unambiguous nomenclature used in candlestick analysis. I don't understand why you say that the terms are nonspecific since when you google the terms and then click on images every single image of a dragonfly doji or a gravestone doji looks exactly the same. But fine, I'll be more verbose instead. So basically there are two kinds of bars that I want to draw your attention to. The first kind is the bar that goes up but then reverses course and closes back at the open ("Up kind" bar) The second kind is the bar that travels down, but then reverses direction and closes back up at the opening price ("Down kind" bar). First of all, I see what you mean by the Numbers Bar study simply following the standard method of candlestick bar coloring. Although that logic is twisted since a candlestick bar of the "Down kind" overcame all of the selling pressure and then bounced back up to its price of origin (opening price) which is highly bullish (green) instead of bearish (red)! Can you change that aspect of the code? Separately, I still don't understand why on image #1 above (Candlestick Outline), the second bar from the right on the chart (a down kind bar) is colored red when it has a candlestick outline but green otherwise. Shouldn't they both be either red or green? - in this case red since that's how the standard candlestick bar would be colored by your program. Curiously, there is full agreement in color (both are green, although it should be red) when one switches from the candlestick outline to "open to close boxes" - please see image #2 above. And ironically, the same type of discrepancy in coloration is not seen on 6th bar from the left on image #1. This image is a clearer example of the lack of consistency that I'm referring to (March 2017 ES contract on Tues 2017-01-31 at 9:45 AM): http://www.sierrachart.com/image.php?Image=1486093707651.png