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Hi Rowdy
I think it's only possible to change the colour of histogram style
indicators. If I'm wrong someone will quickly correct me.
Something that might help you visually is the knowledge that
exponential moving averages always move toward the price. This
is caused by the fact that the only new data feeding into an EMA
is the current price, and the old data being replaced is the previous
bars EMA value. If the price is higher than the EMA then the EMA
must move up, If it's lower, the EMA must move down. Same rule
applies to Wilders Smoothing, but sadly, not to simple and other
types of MA.
Kind regards
Roy Larsen
www.metastocktips.co.nz
Free formulas and MS links
----- Original Message -----
From: "Biff Jones" <rowdy358116@xxxxxxxxxxxx>
To: <equismetastock@xxxxxxxxxxxxxxx>
Sent: Thursday, April 28, 2005 7:45 PM
Subject: [EquisMetaStock Group] MA Changing Colour
>I follow the slope of a Moving Average as an Entry Criteria. Is it
> possible to formulate a MA to change colour when it changes from down
> to up, so I can quickly tell if this criteria is met when scanning my
> charts?
> Thanks
> Rowdy
>
>
>
>
>
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