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Direct MessagesDate/Time: Fri, 19 Apr 2024 16:43:30 +0000
[User Discussion] - Colour Price Bars.
View Count: 1630
| [2013-07-03 09:27:41] |
| User74484 - Posts: 6 |
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I use Renko bars and want to colour them when price reverses x number of points. For instance, if a 4 Renko bar closes and then reverses 12 points I want the bar to change colour - and then so on etc. What colour bar study should I use and how do you write the code etc. Many thanks. |
| [2013-07-03 11:07:58] |
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For this you need to use the Color Bar Based On Alert Condition study: http://www.sierrachart.com/index.php?l=doc/doc_TechnicalStudiesReference.html#s252 We do not write formulas. You will need to work out the formula. Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
| [2013-07-03 13:19:17] |
| Sawtooth - Posts: 3973 |
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Try this: Add two instances of the Color Bar Based On Alert Condition study, one for each color/direction. Put this in the Alerts tab of the 'go long' instance: =AND(C[-2]<O[-2],C[-1]>O[-1],C>O) Put this in the Alerts tab of the 'go short' instance: =AND(C[-2]>O[-2],C[-1]<O[-1],C<O) This only works if the reversal amount is 3 times the renko bar size. |
| [2013-07-03 19:20:40] |
| User74484 - Posts: 6 |
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tomgilb - Many thanks for your reply, but I cannot get it to work. I get an error message "Invalid formula". But thanks for trying. ( Which is more than can be said for SC support!!) |
| [2013-07-03 23:27:21] |
| M5amhan - Posts: 468 |
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it does work i just checked it see attached picture Date Time Of Last Edit: 2013-07-03 23:29:02
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CL.PNG| [2013-07-03 23:43:19] |
| Sawtooth - Posts: 3973 |
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User74484, don't type the formulas; copy/paste them. That way there will be no typos.
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