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Re: Bar color problem

To: <metastock@xxxxxxxxxxxxx>
Subject: Re: Bar color problem
From: "A.J. Maas" <anthmaas@xxxxxx>
Date: Fri, 30 Apr 1999 18:21:50 -0400 (EDT)
In-reply-to: <003c01be92b7$79e87320$30a184cc@xxxxxxx>
PureBytes Links
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<DIV><FONT size=2>It tells instantly if a bearish turnaround (large+filled-in) 
in a ST bullish trend or a bullish&nbsp;turnaround</FONT></DIV>
<DIV><FONT size=2><FONT size=2>(large+hollow) </FONT></FONT><FONT size=2>in 
</FONT><FONT size=2>a ST barish trend </FONT><FONT size=2>is developing. 
</FONT><FONT size=2>The bearish and bullish here should 
be&nbsp;interpreted</FONT></DIV>
<DIV><FONT size=2>as "might be", as the stick's importance can depend on the 
pattern it is in (or is not in).</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT size=2>Th</FONT><FONT size=2>e MS6.52 program holds an Equis - 
Candlestick Expert, and also in the 6.5 manual (p.252-262)</FONT></DIV>
<DIV><FONT size=2>the Functions (indicators) </FONT><FONT size=2>for the 
Candlesticks in the MetaStock Formula Language&nbsp;can be found</FONT></DIV>
<DIV><FONT size=2>(along with patterns, function's </FONT><FONT size=2>syntaxes, 
</FONT><FONT size=2>describtions and&nbsp;explanations/interpretations), all 
very</FONT></DIV>
<DIV><FONT size=2>usefull </FONT><FONT size=2>for scanning the database in the 
</FONT><FONT size=2>MSExplorer.</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT size=2>To get back to the color and making it into a</FONT><FONT 
size=2>nother -</FONT><FONT size=2>now real-&nbsp;</FONT><FONT size=2>problem, 
the attached gif-file&nbsp;</FONT><FONT size=2>was</FONT></DIV>
<DIV><FONT size=2>indeed awefully coloured and an upgrade of </FONT><FONT 
size=2>the HyperSnap program or replacing it by (an)</FONT><FONT 
size=2>&nbsp;other</FONT></DIV>
<DIV><FONT size=2>&amp; better </FONT><FONT size=2>imaging s</FONT><FONT 
size=2>oftware program&nbsp;</FONT><FONT size=2>should be 
considdered.</FONT></DIV>
<DIV><FONT size=2>There are many good&nbsp;</FONT><FONT size=2>freeware imaging 
programs around, eg </FONT><FONT size=2>for free as well as 
for&nbsp;</FONT><FONT size=2>superb&nbsp;</FONT><FONT 
size=2>quality.</FONT></DIV>
<DIV><BR>Regards,<BR>Ton Maas<BR><A 
href="mailto:ms-irb@xxxxxxxxxxxxx";>ms-irb@xxxxxxxxxxxxx</A><BR>Dismiss the 
".nospam" bit (including the dot) when replying.</DIV>
<DIV>&nbsp;</DIV>
<DIV>
<HR>
</DIV>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2><FONT face="Times New Roman" size=5>Why don&#8217;t the Up and Down 
colors match the Candlestick patterns?</FONT> 
<P></P>
<P>&nbsp;</P>
<P>Many MetaStock for Windows users, who use Candlesticks style charts, assume 
that the Up and Down colors,&nbsp;that they can set in the Properties of the 
price plot, are tied to the type of candlestick that shows up that day. This 
assumption is incorrect. The Up and Down colors are applied based solely on 
whether <U>today&#8217;s Close</U> was higher (Up) or lower (Down) than <U>yesterday&#8217;s 
Close</U>. There is no relationship whatsoever to the candlestick for the 
day.</P>
<P>Candlesticks show an empty or hollow "body" if the Close for the day is 
higher than the Open for the day, and they show a solid or filled-in "body" when 
the Close is lower than the Open. It is entirely possible, and frequently 
happens, that <U>today&#8217;s Close</U> is below <U>today&#8217;s Open,</U> causing a 
solid-body candle, but it can still be higher than <U>yesterday&#8217;s Close</U> so 
the candle is colored with the Up color. The reverse of this also happens often. 
If this seeming mismatch causes confusion, perhaps you should not use the Up and 
Down colors available under Properties, i.e., leave both Up and Down set to the 
same color, such as the default Black.</P>
<P>If you&#8217;d like to have Candlesticks that Close lower than the Open (i.e., a 
solid body candle) have a different color than the ones that Close higher than 
the Open (i.e., a hollow body candle), you can do this by using the Expert 
feature&#8217;s Highlights function. Look in the Index of your MSWIN 6.0 or 6.5 manual 
under "Highlights (expert)" for a page reference to learn more about this, or 
contact Support for an explanation.</P>
<P>&nbsp;</P>
<P>&nbsp;</P></FONT></DIV>
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<BLOCKQUOTE 
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
  <DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B> 
  <A href="mailto:rmjapan@xxxxxxxxxxxxxxx"; title=rmjapan@xxxxxxxxxxxxxxx>Rick 
  Mortellra</A> </DIV>
  <DIV style="FONT: 10pt arial"><B>To:</B> <A 
  href="mailto:metastock@xxxxxxxxxxxxx"; 
  title=metastock@xxxxxxxxxxxxx>metastock@xxxxxxxxxxxxx</A> </DIV>
  <DIV style="FONT: 10pt arial"><B>Sent:</B> vrijdag 30 april 1999 7:21</DIV>
  <DIV style="FONT: 10pt arial"><B>Subject:</B> Re: Bar color problem</DIV>
  <DIV><BR></DIV>
  <DIV><FONT face=Arial>Chuck,</FONT></DIV>
  <DIV>&nbsp;</DIV>
  <DIV><FONT face=Arial>Open Black&nbsp;happens when today's opening and closing 
  are BELOW the previous day's close BUT the security closed UP from today's 
  open. Solid Green happens when today's opening and closing are ABOVE the 
  previous day's close BUT the security closed DOWN from today's open. It's a 
  quirk of candlestick charts. Perhaps it has some pattern meaning that Steve K 
  can explain?</FONT></DIV>
  <DIV>&nbsp;</DIV>
  <DIV><FONT face=Arial>Hope this clears it up,</FONT></DIV>
  <DIV><FONT face=Arial>Rick</FONT></DIV>
  <DIV>&nbsp;</DIV>
  <DIV>&nbsp;</DIV></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Fri Apr 30 14:30:58 1999
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From: "A.J. Maas" <anthmaas@xxxxxx>
To: "Metastock-List" <metastock@xxxxxxxxxxxxx>
Subject: Fw: PatternSmasher Setups
Date: Fri, 30 Apr 1999 22:20:18 +0200
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<DIV style="FONT: 10pt arial">----- Original Message ----- 
<DIV style="BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A 
href="mailto:info@xxxxxxxxxxxxxxxxxxxxx"; 
title=info@xxxxxxxxxxxxxxxxxxxxx>Kasanjian Research</A> </DIV>
<DIV><STRONG>To:&nbsp; </STRONG>&lt;undisclosed recipients&gt;</DIV>
<DIV><STRONG>Sent:</STRONG> vrijdag 30 april 1999 10:06</DIV>
<DIV><B>Subject:</B> PatternSmasher Setups</DIV></DIV>
<DIV><BR></DIV>
<P><FONT size=2>Hello,<BR><BR>Our intention is to get this out before the market 
opens the next day.&nbsp; It appears yesterday's setup list didn't make it out 
on time for some reason.&nbsp; We will see how the list server handles this 
one.&nbsp; It is currently Thursday night 11:30 PM pst and here are the setups 
found using PatternSmasher.<BR><BR>As with yesterday there are some bullish and 
bearish setups.&nbsp; Let's start with the bullish.&nbsp; <A 
href="http://www.kasanjianresearch.com/setups/4.29.99/cin.jpg";>CIN</A> may be 
comming alive after a very long decline.&nbsp; It has a small head-and-shoulders 
formation within a larger HS formation.&nbsp; Large volume the last couple of 
days.&nbsp;<BR><BR>There are a couple of potential big movers to keep an eye on 
just in case the internet stocks come back to life in the next couple of 
days.&nbsp; The first is <A 
href="http://www.kasanjianresearch.com/setups/4.29.99/qwst.jpg";>QWST </A>which 
has formed a flag formation.&nbsp; Todays low came a little too far down.&nbsp; 
Needs to hold here and make a clean break above the upper line to trigger.&nbsp; 
LCOS has 
a potential head-and-shoulders low formation.&nbsp; Also here, can't handle much 
of a decline below todays low.&nbsp; Would like the right shoulder to stay above 
90 (worst case 85).&nbsp; The neckline trigger is shown on the chart. Note that 
neither have confirmed any signals at this time.<BR><BR>Yesterday (if you didn't 
see it you can go to the website shown at the end of this message to view it) we 
talked about formation which ends with an outside day making new highs.&nbsp; 
The trigger is when the low of the outside day is taken out.&nbsp; Today <A 
href="http://www.kasanjianresearch.com/setups/4.29.99/txn.jpg";>TXN</A> triggered 
at around the $111 level and traded substantially lower.<BR><BR>There are a 
couple of head-and-shoulders tops to show.&nbsp; <A 
href="http://www.kasanjianresearch.com/setups/4.29.99/mcd.jpg";>MCD </A>edged 
below the neckline today and MER has yet to trigger.&nbsp; Both of these should 
have fast moves down should the DOW start a decline in the next couple of 
days.<BR><BR>The last is another short opportunity. <A 
href="http://www.kasanjianresearch.com/setups/4.29.99/jpm.jpg";>JPM </A>will 
trigger if it breaks cleanly below the line.&nbsp;<BR><BR>Profitable 
trading,<BR>Ed Kasanjian&nbsp;<BR></FONT></P></BODY></HTML>
</x-html>From ???@??? Fri Apr 30 14:18:28 1999
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From: rufus@xxxxxxxxxx (Robert Grimes)
To: metastock@xxxxxxxxxxxxx
Subject: Re: Bar color problem
Date: Fri, 30 Apr 1999 20:29:00 GMT
Message-ID: <372d1209.671606@xxxxxxxxxxxxxxx>
References: <003c01be92b7$79e87320$30a184cc@xxxxxxx>
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On Thu, 29 Apr 1999 21:13:52 -0600, you wrote:

>Just wondering if this color problem is my puter or the software.  It acts the same with OHLC bars too. I'm using Win98 + STB 16Mb nVidia TNT video board.  Anyone else get this??
>
>Chuck

Probably not. I would read it as follows:

Color it green if the close is greater than the previous close
Color it Black if the close is Less than the previous close

Fill in the color if the close is greater than the open.
Don't Fill in the color if the close is Less than the open.
References:
- Bar color problem
  - From: Chuck Wemlinger
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