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Date/Time: Sat, 18 May 2024 03:52:40 +0000



Post From: Color Bar Based on Alert on PNF Chart

[2023-07-20 16:04:56]
John - SC Support - Posts: 31704
We are not seeing any difference in the alert condition based on whether the bars are set to a Point and Figure XO or Candlestick.

We think you are expecting to see a difference, since Point and Figure XO uses an oscillating Up/Down bar pattern, but again, since you are just testing Open versus Close, this will not be reflected.

The one way we can think to do this is to use the Bar Numbering study and use the MOD() function (modulus) to check if the bar is either an Even or an Odd number. You would have to line up the particular one you want for when it is a down bar.

For example, if the Bar Numbering study is ID3, and your down bars are on the even numbered bars, then your formula would look like the following:
=AND(MOD(ID3.SG1, 2) = 0, AV-BV > 0)

If the down bars are on the odds, then your formula would be the following:
=AND(MOD(ID3.SG1, 2) <> 0, AV-BV > 0)

We are not sure if the Point And Figure XO always starts with the same type (up or down) in the chart, so you would have to check this to ensure that your formula matches up if you change the chart, or when you first open Sierra Chart.
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