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<FONT face=Arial color=#0000ff
size=2>Debra,
<FONT face=Arial color=#0000ff
size=2>
I
attach a "png" image file with a Metastock template that may be the sort
of thing you are looking for (at least such that you can modify to suit). If
this is of interest then read on and I will provide detailed instructions of how
to construct.
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>Firstly, let's recap your three posted requests:
<FONT face=Arial color=#0000ff
size=2>
1.
Is there a formula written to
change the colors of the volume bars to distinguish them as "up days" and "down
days?"
<FONT face=Arial color=#0000ff
size=2>
2.
I want to put a MA over the Volume
Bars to show Above Average and Below Average at a glance. When I choose a
14 SMA or any other low period, the line is useless. If I choose 200
period MA is will rest on the bars in some cases. How can I set this up to
be meaningful?
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial
size=2>3. How do I set up MACD to show the
histogram as the comparison of the MACD MA with the Signal
Line?
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#ff0000
size=2>Construction:
<FONT face=Arial color=#0000ff
size=2>
<FONT
color=#ff0000>1. My previous posts supplied the formula and methodology
for your first request above (see the previous posts below). I would add that in
the second line of code there was an error which you must have astutely adjusted
for. The correct code for the Down Volume should be: <FONT
color=#ff0000>If(C<Ref(C,-1),V,0) - I omitted the "If" at the start of
the formula - my apologies to the Group.
<FONT face=Arial color=#0000ff
size=2>
<FONT
color=#ff0000>2. Given that we have a Volume Color Study in (1) above for
Up days and Down Days we may wish to not have two inner windows for Volume but
rather use a Trend Ribbon Bar to achieve your request (2) above (make above and
below average Volume days visually very clear). To create an Expert Ribbon do
the following:
<FONT face=Arial color=#0000ff
size=2>
a.
Open your Metastock template for (1) above and showing at the bottom of the
screen the Color Study for Up and Down days. I have displayed the DJIA
in the graphic file posted herewith, but use whatever ticker you
wish.
b.
Open the Expert Advisor window, the icon of a guy with a bowler hat, and choose
New.
c.
Type in a Name for the Expert and type any notes in the Notes
area.
d.
Click on the Trends tab and type the following into the Bullish and Bearish
boxes respectively:
<FONT face=Arial
color=#ff0000 size=2>V > Mov(V,21,S)*1.2 {bullish}
<FONT
face=Arial size=2>V < Mov(V,21,S)*1.2 {bearish}
e.
Change the default factor of "1.2" to "1.0" or any other weighting you choose in
the formulae in (d) to emphasize the size of the variance of Volume from the
21SMA. Again, I like to use a 21SMA for comparison but use whatever suits
your trading style.
f.
Click the Ribbon tab and check:
<FONT face=Arial
color=#0000ff size=2>Display Ribbon in Chart
<FONT face=Arial
color=#0000ff size=2>Bullish Background change to green and Pattern to None and
eliminate any type in the Label box
<FONT face=Arial
color=#0000ff size=2>Do the same for Bearsih but use red
<FONT face=Arial
color=#0000ff size=2>Do the same for Neutral but use say
yellow
<FONT face=Arial
color=#0000ff size=2>Click OK
g.
Click on the Corner tab and check:
<FONT face=Arial
color=#0000ff size=2>Display Symbol in Expert Corner
<FONT face=Arial
color=#0000ff size=2>Select your symbols and colors for Bullish; Bearish; and
Neutral
<FONT face=Arial
color=#0000ff size=2>Click OK
h. You
should be back in the Expert Advisor Trends window and if so Click
OK
i. In
the Expert Advisor window choose the Attach tab
j. You
should be back in the chart window with your Expert Ribbon now showing. If so,
click and hold the left mouse button and drag the Ribbon just above the Volume
Histogram Study window (You can leave at the bottom if you prefer of
course)
k. You
have now created your inner window (Trend Ribbon) to show your requested Study
(2) above. For safety reasons, I suggest you save your Metastock template at
this stage in case of crashes etc. Go to File Command menu and choose Save As...
then use the drop down box arrow in the "Save as type:" field to choose Template
(*.mwt) and then select your Template for the original Volume Up and Down Days
Study (use a new name if you wish to separate) and then click on
Save.
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#ff0000
size=2> I apologize if these instructions are too detailed but I figure
you can skim the obvious stuff but you can't if no notes are
provided!
<FONT face=Arial color=#ff0000
size=2>
<FONT
color=#ff0000>3. Let's now construct your third request ie the MACD v the
Signal Line as a Histogram. I have also included an overlay of the MACD in Line
format and also to 'color up our lives a little' I have coded the Histogram to
be green above zero and red below zero! If I have interpreted your instructions
wrongly as to what you wish to display then please get back to
me.
<FONT face=Arial color=#0000ff
size=2>
a.
Display your Metastock template showing your Volume Up/Down Days Color Study and
your Above and Below Average Volume Trend Ribbon Study (each in separate inner
windows) and then:
b.
Click on Indicator Builder Icon and choose the New tab
c.
Fill in a Name for the Indicator in the Name: box
d. In
the formula box select, copy and paste the following (Ctrl + C) and (Ctrl +
V):
X:=
MACD()-Mov(MACD(),9,E);
Green:=If(X>0,X,0);
Red:=If(X<=0,X,0); Green; Red;
<FONT
color=#0000ff>e. Make sure the box "Display in
Quicklist" is checked and then click OK and then click
Close
f.
Click on the down arrow for the Indicator Quicklist back in the main chart
window
g.
Select the Indicator you just created in c - e and click and hold down the left
mouse button whilst you drag the left-hand side icon for this Indicator (marked
with an "f") and when the mouse pointer turns to the image of a blank chart just
above the bottom of the Price Data inner window but above the two other Volume
Study inner windows then release the mouse button.
h.
Right click on the line chart that has just been plotted in this new inner
window and choose the Properties box for the name of the Indicator (the first
choice on the menu)
i. On
the Color/Style tab choose Color: Dark Green and choose Style: histogram
image and then click OK
j.
Right click on the red line for your new Macd Histogram which will be in line
form below zero
k.
Choose the Properties box again for the name of the Indicator (the first choice
on the menu) and then on the Color/Style tab screen leave the Color as Red and
choose histogram image again for the Style: and then click
OK
l. You
should now have the Macd Histogram plotted showing the difference between the
Signal Line and the difference between the two MA's (default ca 12 and 26). I
find the Color makes the visual scan that much easier to
discern.
m.
Let's now overlay the Macd and the Signal Lines in the same inner window for the
Macd Histogram (this is a format I picked up from TradeStation/SuperCharts and
helps you pick up on the strength and phase of the market a little easier, but
the histogram will be a little flatter due to scaling).
n.
Click on the down arrow for the Indicator Quicklist back in the main chart
window and select MACD
o.
Hold down the left mouse button whilst you drag the left-hand side icon for this
Indicator (marked with an "f") and when the mouse pointer turns to the image of
a sloping "W" inside the inner window for the Macd Histogram, then
release the mouse button.
p.
Click OK to accept the D<FONT
face=Arial color=#0000ff size=2>efault settings and then choose Merge with scale
on the right and click OK
q.
Right click on the solid red Macd Line just plotted and choose MACD
Properties
r.
Select the Color/Style tab and choose Color: <SPAN
class=644504803-07102003>Dark Green (<SPAN
class=644504803-07102003>Blue if you prefer) and click
OK
s. You
should now have the Macd and Signal Line Indicators overlayed on your Macd
Historgram. There should be an horizontal line at 0 which plots with the
Macd/Signal Indicators, if not, go back into the Properties box for the MACD
Line Indicator and select the Horizontal Lines tab and type in 0 in the top left
hand box and push Add and select Color: Blue and then click
OK
<FONT face=Arial color=#0000ff
size=2>
If you
have not given up by this time, you should now have your template with all three
Studies showing as you requested! Don't forget to go the the File>Save
As>Save as type: Template (*.mwt)>template File name: (from the
list)>Save. Voila.
<FONT face=Arial color=#0000ff
size=2>
I hope
the above provides what you were looking for (and any other Group
member that has gotten this far) and if it helps just a little to enhance
your trading returns then I shall be pleased for you.
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#008080
size=2>Good luck and Good Hunting
-------------------->
<FONT face="Kunstler Script" color=#008000
size=5>Regards,
<FONT face="Kunstler Script" color=#008000
size=5>
Gordon
Sutherland
<FONT
face=Tahoma size=2>-----Original Message-----From: Gordon
Sutherland [mailto:gosuth@xxxxxxxxxxxx] Sent: Monday, 6 October
2003 7:54 p.m.To: Metastockusers@xxxxxxxxxxxxxxxSubject:
RE: [Metastockusers] Re: Volume Bars
<FONT face=Arial color=#0000ff
size=2>Debra,
<FONT face=Arial color=#0000ff
size=2>
Glad
the article from Equis was helpful. Will see if I can come up with some
suggestions for your points two and three tomorrow.
<FONT face="Kunstler Script" color=#008000
size=5>Regards,
<FONT face="Kunstler Script" color=#008000
size=5>
Gordon
Sutherland
<FONT
face=Tahoma size=2>-----Original Message-----From: Debra Ann
Petitan [mailto:DrDAP@xxxxxxxxxxxxxx] Sent: Monday, 6 October
2003 2:31 p.m.To:
Metastockusers@xxxxxxxxxxxxxxxSubject: Re: [Metastockusers] Re:
Volume BarsGordon, Thank you for your
fomula and going into such detail. This is just the type of
instruction I need. It set up just fine.I had a 3 part post,
can you help me with parts 2 and 3?Thank you
again.Debra--- "Martin Blain" <martin@xxxxxxxxxxxxxxx>
wrote:Thank youMy problem was in changing to histogram. I see now it
is under style.Regards Martin----- Original Message
----- From: "tobtrade2001" <tobtrade2001@xxxxxxxxx>To:
<Metastockusers@xxxxxxxxxxxxxxx>Sent: October 05, 2003 7:23
PMSubject: [Metastockusers] Re: Volume Bars> Try this
code>> clr:=input("change type to histogram color
black",0,0,0);> red:=if(c<ref(c,-1),v,0);>
gre:=if(c>ref(c,-1),v,0);> gre;red>> Paste the above
into a new indicator & drop the indicator into a new> window.
Cclick on a bar on this indicator where the price bar has a> higher
close than the previous (i.e. an up bar) & change its color> to
green. Then click on any remaining black bar on this indicator &>
change the color to red.>> --- In
Metastockusers@xxxxxxxxxxxxxxx, "Martin Blain" <martin@xxxx>>
wrote:> > MessageI am the only one that cant get this to
work?> >> > Regards Martin> >>
>> > ----- Original Message ----- >
> From: Gordon Sutherland> > To:
Metastockusers@xxxxxxxxxxxxxxx> > Sent: October 04,
2003 11:49 PM> > Subject: RE: [Metastockusers] Volume
Bars> >> >> > Debra,>
>> > The EquisMonitor (just released) covers
coloring volume bars> for "up" or "down" days. Here is an
extract:> >> > "How can I make my volume
green for up bars and red for down> bars?> >>
> To accomplish this, two custom indicators will be needed.
The> following formulas will display the volume green when the
close> price is greater than the prior closing price and display the
volume> red when the close price is less than the prior closing
price. To> create the indicator simply:> >>
> Open the Tools menu and select Indicator Builder>
> Click on New. Name your indicator (for example, Volume
Up)> >> > Enter the following syntax into
the Formula field:> > If(C>=ref(C,-1),V,0). Click
OK.> >> > Open the Tools menu and select
Indicator Builder. Click on New.> > Name your
indicator (for example Volume Down).> >> >
Enter the following syntax into the Formula field:> >
(C<ref(C,-1),V,0). Click OK.> >> > You
should now have 2 new indicators in your QuickList.> >>
> Apply the Volume Up indicator to a new inner window in your
chart> > Right click on the indicator and select
properties.> > Change the color to green and style
histogram, and then click on> OK.> > Apply the
Volume Down indicator to same inner window as the> Volume Up.>
> Right click on the indicator and select properties.>
> Change the color to red and style histogram, and then click
on> OK.> >> > It is recommended to
save this as a template, perhaps your> default template, so that you
do not have to do this every time you> want it applied to a
chart."> >> > Hope this helps.>
>> > Regards,> >> >>
> Gordon Sutherland> >
-----Original Message-----> > From: Debra
Ann Petitan [mailto:DrDAP@xxxx]> > Sent:
Sunday, 5 October 2003 2:44 p.m.> > To:
Metastockusers@xxxxxxxxxxxxxxx> > Subject:
[Metastockusers] Volume Bars> >> >>
> Greetings,> >>
> Is there a formula written to change the colors
of the volume> bars to distinguish them as "up days" and "down
days?"> >> > I want to put a MA
over the Volume Bars to show Above Average> and Below Average at a
glance. When I choose a 14 SMA or any other> low period, the
line is useless. If I choose 200 period MA is will> rest on the
bars in some cases. How can I set this up to be>
meaningful?> >> > How do I set
up MACD to show the histogram as the comparison> of the MACD MA with
the Signal Line?> >> > Thank you
for your help,> > Debra Ann>
>> >> >> >
_____________________________________________________________>
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href="">http://www.garfield.com/signup/
to register!> >> >> >
To unsubscribe from this group, send an email to:>
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_____________________________________________________________Calling
all cartoon fans! Garfield keeps millions of newspaper readers
laughing over their morning corn flakes...now he's waddling into cyberspace
to spread his mirth (and girth)!You can now get the full-color
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href="">http://www.garfield.com/signup/
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