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Hi Kevin...many thanks for the comments....Hope you had a good
Christmas and wish you have a Prosperous new Year..!!
regards
anil
--- In Metastockusers@xxxxxxxxxxxxxxx, Kevin <kevin_barry@xxxx>
wrote:
> Hello Anil,
>
> No 'right' answer to this, I suspect. It depends upon your
personal preference.
>
> In my opinion, the Sharescope version makes the most 'logical'
sense, i.e.
> what the market did in, say, the last hour starting from the
beginning of
> the first minute in that hour and finishing at the end of the last
minute
> of that hour. On an intraday chart, a delay of one second on a
tick can
> determine within which hour a trade falls and could just make the
> difference to whether the volume bar is red or green if using a
> close-to-close calculation. Then again, on an intraday chart, you
would
> expect both methods to produce similar looking pictures.
>
> However, the issue is more relevant on a daily chart where opening
gaps are
> more likely to occur. So, the question here is whether a gap
constitutes
> market action. If it does (and Wilder's ATR calculation implies
that it
> does), then an up bar should strictly speaking be calculated using
the
> previous bar as the point of reference. In this case, the
Metastock method
> is the more correct.
>
> Only a Christmas holiday allows time for this kind of discussion ;-
).
>
> Regards,
> Kevin
>
>
>
>
>
> At 19:22 27/12/2003 +0000, you wrote:
> >
> >Hmmm...Interesting Kevin and thanks for the comments....I am in
> >Christmas holiday TA reading/research mode and hence the
question...
> >
> >I use Sharescope as well and it shows the green bar when 'open' is
> >lower than 'close' on the 'same bar'...
> >
> >MS shows up bar as 'green' when the 'close' is higher than
previous
> >days close 'close'...
> >
> >A small difference between two packages that threw me...
> >
> >However which is the correct way of showing green bar I
wonder...???
> >I presume the MS one is more correct????
> >
> >regards
> >
> >anil
> >
> >
> >--- In Metastockusers@xxxxxxxxxxxxxxx, Kevin <kevin_barry@xxxx>
> >wrote:
> > > Hello Anil,
> > >
> > > This is a comment rather than an observation so it may not help
> >with your
> > > particular issue.
> > >
> > > What is the definition of an 'up' bar? Is it when the close of
the
> >bar is
> > > higher than the open of the same bar or is it when the close
of of
> >the bar
> > > is higher than the close of the previous bar? Does that explain
> >the
> > > discrepancy?
> > >
> > > Regards,
> > > Kevin
> > >
> > > At 13:44 27/12/2003 +0000, you wrote:
> > > >
> > > >Hi all
> > > >
> > > >I used these volume colour formulae that was posted on this
> > > >site...and many thanks for that...
> > > >
> > > >I use default bar colours as provided by MS...so up bars are
green
> > > >and doen bars are red....In correaponding bar and volume
colour
> >and
> > > >I found that MS shows bar chart colour as 'red' when it should
> > > >be 'green'..!!!
> > > >
> > > >Has anyone else noticed that?...I presume that when close is
> >higher
> > > >than open then bar colour should be green...Am I the only one
with
> > > >this problem or is MS correct in it's bar colour setting.
> > > >
> > > >Any comments, observations appreciated..!!
> > > >
> > > >regards
> > > >
> > > >anil
> > > >
> > > >--- In Metastockusers@xxxxxxxxxxxxxxx, "Dave" <d-ittner@xxxx>
> >wrote:
> > > > > --- In Metastockusers@xxxxxxxxxxxxxxx, "Roy Larsen"
> ><rlarsen@xxxx>
> > > > > wrote:
> > > > > > Dave
> > > > > >
> > > > > > > I thought I read somewhere that it is possible to have
the
> > > >Volume
> > > > > > > bars be multicolored (Green for up days and Red for
down
> > > >days).
> > > > > Is
> > > > > > > this true? No matter where I search I can't seem to
find
> >any
> > > >way
> > > > > how
> > > > > > > to achieve this.
> > > > > > >
> > > > > > > Any help would be appreciated.
> > > > > >
> > > > > > Create this indicator, drop it into the appropriate chart
> >window
> > > > > then change the colour and style of
> > > > > > each plot. Save as your new default template once you're
> >happy
> > > >with
> > > > > the result.
> > > > > >
> > > > > > Roy
> > > > > >
> > > > > > {Coloured Volume}
> > > > > > Red:=(C<Ref(C,-1))*V;
> > > > > > Green:=(C>Ref(C,-1))*V;
> > > > > > Yellow:=(C=Ref(C,-1))*V;
> > > > > > Red;
> > > > > > Green;
> > > > > > Yellow;
> > > > >
> > > > >
> > > > > Hi Roy,
> > > > >
> > > > > Thanks for the quick response. It worked and was exactly
was I
> > > >was
> > > > > looking for.
> > > > >
> > > > > Best wishes for 2004,
> > > > >
> > > > > Dave
> > > >
> > > >
> > > >To unsubscribe from this group, send an email to:
> > > >Metastockusers-unsubscribe@xxxxxxxxxxx
> > > >
> > > >
> > > >
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> > > >
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> >
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> >
> >
> >
> >
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> >
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