Color Coded Short Term Reversal Signals

["First Pacific Securities Pty Ltd" <lvl@xxxx>]

<FONT color=#000080 
size=2> 
<FONT color=#000080 
size=2>Tomasz,
<FONT color=#000080 
size=2> 
I havewritten 
this indicator to color code the bars for short term reversal 
patterns.
<FONT color=#000080 
size=2> 
Any chance that 
we may be able to have these reversal signals as a button on a toolbar which we 
may switch on and off to highlight the bars when we wish?
<FONT color=#000080 
size=2> 
Also, is it 
possible to have more than 16 custom colors?
<FONT color=#000080 
size=2> 
<FONT color=#000080 
size=2>Regards,
Larry 
Lovrencic
 
/*Color Coded Short Term 
Reversal Signalsby Larry Lovrencic
 
Some of the colors mayneed to 
change depending on your choice of background color.This has been codedfor 
a white background*/
 
/*Closing Price 
Reversals*/CPRbuy=O<(L+0.2*(H-L)) AND C>(H-0.2*(H-L)) AND 
H<ref(H,-1) AND L<ref(L,-1) AND 
C>ref(C,-1);CPRsell=O>(L+0.8*(H-L)) AND C<(H-0.8*(H-L)) AND 
H>ref(H,-1) AND L>ref(L,-1) AND C<ref(C,-1);
 
/*Hook 
Reversals*/HRbuy=O<(L+0.2*(H-L)) AND C>(H-0.2*(H-L)) AND 
H<ref(H,-1) AND L>ref(L,-1);HRsell=O>(L+0.8*(H-L)) AND 
C<(H-0.8*(H-L)) AND H<ref(H,-1) AND L>ref(L,-1);
 
/*Island 
Reversals*/IRbuy=ref(L,-2)>ref(H,-1) AND L>ref(H,-1); 
IRsell=ref(H,-2)<ref(L,-1) AND H<ref(L,-1);
 
/*Key 
Reversals*/KRbuy=O<ref(C,-1) AND L<ref(L,-1) AND 
C>ref(H,-1);KRsell=O>ref(C,-1) AND H>ref(H,-1) AND 
C<ref(L,-1);
 
/*Open Close 
Reversals*/OCRbuy=O<(L+0.2*(H-L)) AND C>(H-0.2*(H-L)) AND 
H<ref(H,-1) AND L<ref(L,-1) AND 
C<ref(C,-1);OCRsell=O>(L+0.8*(H-L)) AND C<(H-0.8*(H-L)) AND 
H>ref(H,-1) AND L>ref(L,-1) AND C>ref(C,-1);
 
/*Pivot Point 
Reversals*/PPRbuy=ref(L,-1)<ref(L,-2) AND ref(L,-1)<L AND 
C>ref(H,-1);PPRsell=ref(H,-1)>ref(H,-2) AND ref(H,-1)>H AND 
C<ref(L,-1);
 
graph0 = close;graph0style 
= 128;
 <FONT 
size=2>
graphxspace=5;
 
graph0barcolor = IIF( CPRbuy, 8, IIF( CPRsell,4,  IIF( HRbuy,10, IIF( 
HRsell,11, IIF( IRbuy,3,  IIF( IRsell,15, IIF( KRbuy,6,  IIF( 
KRsell,7,  IIF( OCRbuy,9,  IIF( OCRsell,13,  IIF( 
PPRbuy,16,  IIF( PPRsell,12, 1 ) ) ) ) ) ) ) ) ) ) ) ) ;
 
ch= (close-(ref(close,-1)));chpct=ch/ref(c,-1)*100;
 
 title =date()+" "+name()+" Open"+writeval(O)+" 
High"+writeval(H)+" Low"+writeval(L)+" Close" + writeval(graph0) + " Previous 
Close " + writeval((ref(graph0,-1))) + "Change=" + writeval(ch)+" 
("+writeval(chpct,format=1.2)+"%)";
 
 
<A 
href=""> 
<A href="" 
 > <A 
 
 target=_blank 
href=""> 
<A target=_top 
href="">