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Date/Time: Fri, 03 May 2024 17:57:19 +0000



[User Discussion] - alert based on slope of EMA

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[2016-03-31 21:43:00]
freestyler - Posts: 35
Hi:

Trying to figure out the easiest way to do the following:

When the EMA slope is between certain angles, say, 45% to 60%, color the EMA slope with a different color than the default.

How do I do this? I assume I need to use the Color Bar Based on Alert Condition study. Where to go next?
[2016-04-01 00:07:45]
Sawtooth - Posts: 3992
One way to do it is to use the Study Angle study to get the angle of the EMA in degrees:
Add the Study Angle study.
-set the 'Based On' to the EMA study,
-the 'Input Data' to 'Avg.

Then add the Color Bar Based On Alert Condition study,
-Set the Based On to the EMA study
-Set the Chart Region to 1
-Set the 'Output When Condition True' to 'Use Input Data'
-Set the 'Input Data' to 'Avg'
-Set the Draw Style to 'Line - Skip Zeros'
-Use a formula like this on the Alerts tab:
=ID2.SG1>10
where the Study Angle study is ID2.

Add another color bar study for negative angles, with this formula:
=ID2.SG1<-10
[2016-04-01 00:23:31]
freestyler - Posts: 35
Thank you so much tomgilb! It's exactly what I'm looking for. I used ABS to cover both positive and negative angle, and voila, it's beautiful! Now it's time to tinker with it.

Really appreciate it!


Mark

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