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Hi Yuki,
Thanks for catching that. I will review how Stockcharts defines their
color coding and then do my best to translate to AB code. Hopefully I
will get to do so over the Holidays.
I look forward to this little project and will share with you any code
that I create.
Thanks for the support.
Wishing you all the best,
Dave
--- In amibroker@xxxxxxxxxxxxxxx, Yuki Taga <yukitaga@xxxx> wrote:
>
> Hi marketmonk777,
>
> Thursday, December 22, 2005, 12:31:54 PM, you wrote:
>
> m> Thanks for the tip. I did play with this a little bit and it may
> m> allow me to accomplish what I would like to do but haven't been able
> m> to so far.
>
> m> So allow me to descibe how I think Stockcharts colors their candles.
>
> m> Rule # 1: Close today >= Close yesterday "Hollow White Candle"
>
> m> Rule # 2: Close today <= Close yesterday "Filled Red Candle"
>
> Rules 1 and 2 are in conflict, because they both use 'or equal'. Only
> one of them can use that. (If the stock closes unchanged, would you
> like hollow white or filled red, because you cannot have both, and
> I'm assuming none of your other rules would trigger, although they
> might.)
>
> m> Rule # 3: Open today above yestedays close and closes today lower
> m> than the open. "Black Candle" Opens bullishly but closes bearishly
>
> m> Rule # 4: Open today below yesterdays close and closes today higher
> m> than the open. "Hollow Red Candle" Opens bearishly but closes
bullishly.
>
> m> That's my take on the coloring of the candles. What I am attempting
> m> to do is to mimick this coloring as close as possible. Rule # 4 may
> m> have to have an Orange color as I am not sure we can programatically
> m> change the color of the outline.
>
> m> So it looks like I would like to have 4 different colors (White, Red,
> m> Black, and Orange) based on the 4 rules above.
>
> m> This is what I will be trying to implement over the holidays.
>
> m> Trade well,
>
> I think you will have to do all this by code per chart. First, you
> will name and define some variables.
>
> For example: BearishClose = O > Ref(C,-1) AND C < O;
>
> Then, once you have named and defined all your variables, have a look
> at nested IIF() statements for your Plot or Title statements.
>
> For example:
>
> up = MA(OBV(),30) > Ref(MA(OBV(),30),-1);
>
> Plot(MA(OBV(),30),"OBV 30-SMA", IIf(up, colorDarkGreen, IIf(down,
> colorYellow, colorBlack)), styleLine);
>
> You can nest all the IIF()s you like, I believe, so you can cover all
> your variables. Just make sure to have a closing parenthesis for each
> instance, and remember that the last instance needs an "if none of
> the conditions apply".
>
> Yuki
>
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