RE: [EquisMetaStock Group] Indicator Settings and Colors

[Gordon Sutherland <gosuth@xxxxxxxxxxxx>]

Hi 
there,
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In 
answer to your queries below:
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1. 
Only way I know would be to create a template in histogram 
format.
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size=2>2. For years I wanted to be able to conditionally colour my 
indicators but thought it couldn't be done in Metastock. But I was wrong - 
it can be done! Some kind sole posted some code on this site a few months 
ago. You need to write a conditional formula and then save in a template so 
that the colours are saved for future use. The code to colour your 
Volume Indicator bars Green if Volume greater than yesterday or Red if 
less than yestereday is as follows:
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Name: 
Volume Colour Study (or whatever name you prefer)
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size=2>Formula: (Insert the undermentioned code in the Formula box for creating 
a new indicator)
X:= V 
> Ref(V,-1);Green:= If(X = True,V,0);Red:= If(X = 
False,V,0);Green;Red; 
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When 
you plot this indicator, you will need to select the individual lines and choose 
the colour as stated in the code above and also change the line to an histogram 
in the same dialogue box. Then save the chart as a template.
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Here 
is another example which I use and highlights Volume days when above 1.33 * 20 
SMA:
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X:= V 
> Mov(V,20,S) * 1.33;Green:= If(X = True,V,0);Red:= If(X = 
False,V,0);Blue:= Mov(V,20,S);Green;Red;Blue;
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<FONT face=Arial color=#0000ff 
size=2>Obviously, you should leave the Simple Moving Average as a line not an 
Historgram.
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Hope 
the above helps to open a more colourful world of technical analysis for you 
with Metastock. I use EOD Version 8.01 but I think the above will work with 
earlier versions.
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<FONT face="Kunstler Script" color=#008000 
size=5>Regards,
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Gordon 
Sutherland

  
  <FONT 
  face=Tahoma size=2>-----Original Message-----From: dsss27 
  [mailto:dsss27@xxxxxxxxx] Sent: Saturday, 3 May 2003 8:23 
  a.m.To: equismetastock@xxxxxxxxxxxxxxxSubject: 
  [EquisMetaStock Group] Indicator Settings and 
  ColorsHi,2 questions from a new 
  user:1.  I normally view the MACD-Historgram as a 
  histogram.  When I program it, it always displays it as a line, where 
  I have to go into it the graph and select histogram.  Anyway to code 
  this in the formula so I don't have to do this?2.  I have a 
  simple binary wave program that tells me if the volume bar is higher or 
  lower from the previous day.  I would like to not use the binary wave 
  and have the color of the volume bar turn green if higher and red if lower 
  that the previous bar.  Eventually I would like to do it with 
  histogram plots.  Anyway to program this in the 
  formulae?Thanks in advance,dsss27To 
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