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Thanks for the tip. I did play with this a little bit and it may
allow me to accomplish what I would like to do but haven't been able
to so far.
So allow me to descibe how I think Stockcharts colors their candles.
Rule # 1: Close today >= Close yesterday "Hollow White Candle"
Rule # 2: Close today <= Close yesterday "Filled Red Candle"
Rule # 3: Open today above yestedays close and closes today lower
than the open. "Black Candle" Opens bullishly but closes bearishly
Rule # 4: Open today below yesterdays close and closes today higher
than the open. "Hollow Red Candle" Opens bearishly but closes bullishly.
That's my take on the coloring of the candles. What I am attempting
to do is to mimick this coloring as close as possible. Rule # 4 may
have to have an Orange color as I am not sure we can programatically
change the color of the outline.
So it looks like I would like to have 4 different colors (White, Red,
Black, and Orange) based on the 4 rules above.
This is what I will be trying to implement over the holidays.
Trade well,
Dave
MarketMonk777
aka RedEyes
--- In amibroker@xxxxxxxxxxxxxxx, Graham <kavemanperth@xxxx> wrote:
>
> You can create a hollow candle and colour the candles, just do so in
preferences
>
>
> --
> Cheers
> Graham
> AB-Write >< Professional AFL Writing Service
> Yes, I write AFL code to your requirements
> http://e-wire.net.au/~eb_kavan/ab_write.htm
>
>
> On 12/21/05, marketmonk777 <dlittner@xxxx> wrote:
> > Hi folks,
> >
> > I like the way Stockcharts colors their Candlestick charts and am
> > curious if anyone has decifered the rules and implemented it in AB.
> >
> > Even though I am a newbie, it hasn't stopped me from trying to dig
> > deep into AB and see what makes it tick.
> >
> > Editing the Formula for the chart I can see the following line plots
> > the closing price:
> > Plot( C, "Close", colorBlack, styleCandle );
> >
> > And this is the line that would have to be modified. Since a "hollow"
> > candle can not be created, I would have to use 4 different colors to
> > mimick the Stockcharts Candle colors.
> >
> > I would also imagine that I would have to create the rules and create
> > a variable (maybe CC for candle color) and use that instead of the
> > "colorBlack"? Hmm, why do I have different color candles as I see no
> > code to select Red or Green?
> >
> > Here is the code used to modify the color of the Volume bars:
> > Plot( Volume, _DEFAULT_NAME(), IIf( C > O, ParamColor("Up Color",
> > colorGreen ), ParamColor("Down Color", colorRed ) ), ParamStyle(
> > "Style", styleHistogram | styleOwnScale | styleThick,
maskHistogram ) );
> >
> > For now, let me know if it can be done and that I wouldn't be wasting
> > my time. I enjoy a good challenge and am willing to give it a try but
> > don't want to spin my wheels as free time is of short supply.
> >
> > Dave
> > MarketMonk777
> > aka RedEyes
> >
> >
> >
> >
> >
> >
> > Please note that this group is for discussion between users only.
> >
> > To get support from AmiBroker please send an e-mail directly to
> > SUPPORT {at} amibroker.com
> >
> > For other support material please check also:
> > http://www.amibroker.com/support.html
> >
> >
> > Yahoo! Groups Links
> >
> >
> >
> >
> >
> >
> >
>
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