|
PureBytes Links
Trading Reference Links
|
Hi
Debra,
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>Firstly, remember that life is a learning curve so no need to worry that
you consider yourself to be only partly down the journey with Metastock coding -
there are a lot of members a lot further advanced than I will ever be but
hopefully we can all contribute a little to the Group and gain in the
process.
<FONT face=Arial color=#0000ff
size=2>
I
attach a gif file again of the various color bar studies and would comment as
follows:
<FONT face=Arial color=#0000ff
size=2>
1. The
Ribbon basically gives you a different type of view that was your request #2.
When the ribbon is Green then this shows that the Volume on that bar is greater
than the simple moving average of 21 bars and the reverse when the bars are Red.
If you change the two lines of code in the Expert Properties under the Trend tab
you can change the weighting emphasis so that you will get more or less bars
that meet the "green" criteria and are therefore more or less significant bars.
Whilst your original request was for a factor of 1.0, I used 1.2 in the example
to give more emphasis to significant "green" bars meaning that
the volume is greater than 120% of the 21 bar Volume SMA. Thus you can
customize these two factors to find what works best for you. The code again
is:
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>Bullish: V > Mov(V,21,S) *
1.2 {As a general rule I use 1.33 as my factor as this is a
nice balance of degrees of freedom, IMHO}
<FONT face=Arial color=#0000ff
size=2>Bearish: V < Mov(V,21,S) *
1.2 {remeber to change both the Bullish and Bearish factors
(1.2) in sync}
<FONT face=Arial color=#0000ff
size=2>
2.
Thus, the trend bar ribbon is analysing completely different criteria to the
'Close' Up Days and 'Close' Down Days where we have colored the volume bars
inner window green or red respectively. If you added an extra
window showing the Volume Histogram and applied the above trend bar
ribbon code then in my opinion you would be duplicating the volume height data
and it may be more confusing.
<FONT face=Arial color=#0000ff
size=2>
I hope
this is helpful for you. If not please get back and either I or some other more
knowledgeabe member will be pleased to help. Remember the rule:
<FONT face=Arial color=#0000ff
size=2> "There are no silly questions,
only silly answers".
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#008000
size=2>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: Debra Ann
Petitan [mailto:DrDAP@xxxxxxxxxxxxxx] Sent: Thursday, 9 October
2003 4:32 p.m.To: Metastockusers@xxxxxxxxxxxxxxxSubject:
RE: [Metastockusers] Re: Volume Bars---
Gordon Sutherland <gosuth@xxxxxxxxxxxx> wrote:Greetings Gordon,I
am so appreciative of your work and time in helping me. The Indicator,
Ribbon, and Expert Advisor have turned out just as you describe. They
are in place and working.Related to the Ribbon, I am not sure what the
different widths of color represent. When I look at the Volume Bars
above the different sections of color, they are not all green or all red as
indicated by the Ribbon. How should I interpret the Ribbon
Sections? Would the Green Section represent above Average Volume and the
Red Section represent below Average Volume?I am sure you can tell I am
new at this and your explicit instructions are very much needed and
appreciated.Thank you so very much.Regards,Debra
-----Original Message-----From: Gordon Sutherland
[mailto:gosuth@xxxxxxxxxxxx]Sent: Tuesday, 7 October 2003 11:51 AMTo:
Metastockusers@xxxxxxxxxxxxxxxSubject: RE: [Metastockusers] Re: Volume
Bars Debra,I attach a "png" image file
with a Metastock template that may be thesort of thing you are looking for
(at least such that you can modify tosuit). If this is of interest then
read on and I will provide detailedinstructions of how to
construct.Firstly, let's recap your three posted requests:1.
Is there a formula written to change the colors of the volume bars
todistinguish them as "up days" and "down days?"2. I want to put a
MA over the Volume Bars to show Above Average andBelow Average at a
glance. When I choose a 14 SMA or any other lowperiod, the line is
useless. If I choose 200 period MA is will rest onthe bars in some
cases. How can I set this up to be meaningful?3. How do I set up
MACD to show the histogram as the comparison of theMACD MA with the Signal
Line?Construction:1. My previous posts supplied the formula
and methodology for your firstrequest above (see the previous posts
below). I would add that in thesecond line of code there was an error
which you must have astutelyadjusted for. The correct code for the Down
Volume should be:If(C<Ref(C,-1),V,0) - I omitted the "If" at the start
of the formula -my apologies to the Group.2. Given that we have a
Volume Color Study in (1) above for Up days andDown Days we may wish to
not have two inner windows for Volume butrather use a Trend Ribbon Bar to
achieve your request (2) above (makeabove and below average Volume days
visually very clear). To create anExpert Ribbon do the
following:a. Open your Metastock template for (1) above and showing at
the bottomof the screen the Color Study for Up and Down days. I have
displayed theDJIA in the graphic file posted herewith, but use whatever
ticker youwish.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 andBearish boxes
respectively: V > Mov(V,21,S)*1.2
{bullish} V < Mov(V,21,S)*1.2 {bearish}e. Change
the default factor of "1.2" to "1.0" or any other weightingyou choose in
the formulae in (d) to emphasize the size of the varianceof Volume from
the 21SMA. Again, I like to use a 21SMA for comparisonbut use whatever
suits your trading style.f. Click the Ribbon tab and
check: Display Ribbon in Chart
Bullish Background change to green and Pattern to None and eliminateany
type in the Label box Do the same for Bearsih but use
red Do the same for Neutral but use say
yellow Click OKg. Click on the Corner tab and
check: Display Symbol in Expert
Corner Select your symbols and colors for Bullish;
Bearish; and Neutral Click OKh. You should be back
in the Expert Advisor Trends window and if soClick OKi. In the Expert
Advisor window choose the Attach tabj. You should be back in the chart
window with your Expert Ribbon nowshowing. If so, click and hold the left
mouse button and drag the Ribbonjust above the Volume Histogram Study
window (You can leave at thebottom if you prefer of course)k. You have
now created your inner window (Trend Ribbon) to show yourrequested Study
(2) above. For safety reasons, I suggest you save yourMetastock template
at this stage in case of crashes etc. Go to FileCommand menu and choose
Save As... then use the drop down box arrow inthe "Save as type:" field to
choose Template (*.mwt) and then selectyour Template for the original
Volume Up and Down Days Study (use a newname if you wish to separate) and
then click on Save.I apologize if these instructions are too detailed
but I figure you canskim the obvious stuff but you can't if no notes are
provided!3. Let's now construct your third request ie the MACD v the
Signal Lineas a Histogram. I have also included an overlay of the MACD in
Lineformat and also to 'color up our lives a little' I have coded
theHistogram to be green above zero and red below zero! If I
haveinterpreted your instructions wrongly as to what you wish to
displaythen please get back to me.a. Display your Metastock
template showing your Volume Up/Down DaysColor 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 tabc.
Fill in a Name for the Indicator in the Name: boxd. 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;e. Make sure the
box "Display in Quicklist" is checked and then click OKand then click
Closef. Click on the down arrow for the Indicator Quicklist back in the
mainchart windowg. Select the Indicator you just created in c - e and
click and holddown the left mouse button whilst you drag the left-hand
side icon forthis Indicator (marked with an "f") and when the mouse
pointer turns tothe image of a blank chart just above the bottom of the
Price Data innerwindow but above the two other Volume Study inner windows
then releasethe mouse button.h. Right click on the line chart that has
just been plotted in this newinner 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 OKj. Right click on the red line for your new Macd
Histogram which will bein line form below zerok. Choose the Properties
box again for the name of the Indicator (thefirst choice on the menu) and
then on the Color/Style tab screen leavethe Color as Red and choose
histogram image again for the Style: andthen click OKl. You should now
have the Macd Histogram plotted showing the differencebetween the Signal
Line and the difference between the two MA's (defaultca 12 and 26). I find
the Color makes the visual scan that much easierto discern.m. Let's
now overlay the Macd and the Signal Lines in the same innerwindow for the
Macd Histogram (this is a format I picked up fromTradeStation/SuperCharts
and helps you pick up on the strength and phaseof the market a little
easier, but the histogram will be a littleflatter due to scaling).n.
Click on the down arrow for the Indicator Quicklist back in the mainchart
window and select MACDo. Hold down the left mouse button whilst you drag
the left-hand sideicon for this Indicator (marked with an "f") and when
the mouse pointerturns to the image of a sloping "W" inside the inner
window for the MacdHistogram, then release the mouse button.p. Click
OK to accept the Default settings and then choose Merge withscale on the
right and click OKq. Right click on the solid red Macd Line just plotted
and choose MACDPropertiesr. Select the Color/Style tab and choose
Color: Dark Green (Blue if youprefer) and click OKs. You should now
have the Macd and Signal Line Indicators overlayed onyour Macd Historgram.
There should be an horizontal line at 0 whichplots with the Macd/Signal
Indicators, if not, go back into theProperties box for the MACD Line
Indicator and select the HorizontalLines tab and type in 0 in the top left
hand box and push Add and selectColor: Blue and then click OKIf
you have not given up by this time, you should now have your templatewith
all three Studies showing as you requested! Don't forget to go thethe
File>Save As>Save as type: Template (*.mwt)>template File
name:(from the list)>Save. Voila.I hope the above provides what
you were looking for (and any other Groupmember that has gotten this far)
and if it helps just a little toenhance your trading returns then I shall
be pleased for you.Good luck and Good Hunting
-------------------->Regards,Gordon
Sutherland-----Original Message-----From: Gordon Sutherland
[mailto:gosuth@xxxxxxxxxxxx] Sent: Monday, 6 October 2003 7:54 p.m.To:
Metastockusers@xxxxxxxxxxxxxxxSubject: RE: [Metastockusers] Re: Volume
BarsDebra,Glad the article from Equis was helpful. Will
see if I can come up withsome suggestions for your points two and three
tomorrow.Regards,Gordon Sutherland-----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 thetype 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> >>
>> >> >
_____________________________________________________________>
> 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 Garfield comic
strip e-mailed> to you every day of the week -- absolutely FREE! Just
go to> <A
href="">http://www.garfield.com/signup/ to
register!> >> >> > To
unsubscribe from this group, send an email to:>
> Metastockusers-unsubscribe@xxxxxxxxxxx>
>> >> >> > Your use
of Yahoo! Groups is subject to the Yahoo! Terms of> Service.>
>> >> >
Yahoo! Groups Sponsor>
>
ADVERTISEMENT> >> >> >> >>
> To unsubscribe from this group, send an email to:>
> Metastockusers-unsubscribe@xxxxxxxxxxx> >>
>> >> > Your use of Yahoo! Groups is
subject to the Yahoo! Terms of>
Service.>>>> To unsubscribe from this group, send
an email to:>
Metastockusers-unsubscribe@xxxxxxxxxxx>>>> Your
use of Yahoo! Groups is subject to<A
href="">http://docs.yahoo.com/info/terms/>>>To
unsubscribe from this group, send an email
to:Metastockusers-unsubscribe@xxxxxxxxxxxYour use of
Yahoo! Groups is subject to<A
href="">http://docs.yahoo.com/info/terms/
_____________________________________________________________Calling
all cartoon fans! Garfield keeps millions of newspaper readers
laughing over their morningcorn flakes...now he's waddling into cyberspace
to spread his mirth (andgirth)!You can now get the full-color
Garfield comic strip e-mailed to youevery day of the week -- absolutely
FREE! Just go to<A
href="">http://www.garfield.com/signup/ to
register!To unsubscribe from this group, send an email
to:Metastockusers-unsubscribe@xxxxxxxxxxxYour use of
Yahoo! Groups is subject to the Yahoo! Terms of<<A
href="">http://docs.yahoo.com/info/terms/>
Service. To unsubscribe from this group, send an email
to:Metastockusers-unsubscribe@xxxxxxxxxxxYour use of
Yahoo! Groups is subject to the Yahoo! Terms of Service<<A
href="">http://docs.yahoo.com/info/terms/>
. To unsubscribe from this group, send an email
to:Metastockusers-unsubscribe@xxxxxxxxxxxYour use of
Yahoo! Groups is subject to the Yahoo! Terms of Service<<A
href="">http://docs.yahoo.com/info/terms/>
. Yahoo! Groups Sponsor
<<A
href="">http://rd.yahoo.com/M=259395.3614674.4902533.1261774/D=egroupweb/S=1705001779:HM/A=1524963/R=0/SIG=12o885gmo/*<A
href="">http://hits.411web.com/cgi-bin/autoredir?camp=556&lineid=3614674&prop=egroupweb&pos=HM>
<<A
href="">http://us.adserver.yahoo.com/l?M=259395.3614674.4902533.1261774/D=egroupmail/S=:HM/A=1524963/rand=286616234>
To unsubscribe from this group, send an
email to:Metastockusers-unsubscribe@xxxxxxxxxxxYour use of
Yahoo! Groups is subject to the Yahoo! Terms of Service<<A
href="">http://docs.yahoo.com/info/terms/>
.
_____________________________________________________________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 Garfield
comic strip e-mailed to you every day of the week -- absolutely FREE! Just go
to <A
href="">http://www.garfield.com/signup/ to
register!To
unsubscribe from this group, send an email
to:Metastockusers-unsubscribe@xxxxxxxxxxxYour use
of Yahoo! Groups is subject to the <A
href="">Yahoo! Terms of Service.
Yahoo! Groups Sponsor
To unsubscribe from this group, send an email to:
Metastockusers-unsubscribe@xxxxxxxxxxx
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
Attachment:
Volume Bars.gif
Attachment:
Description: "Description: GIF image"
|