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Jaison,
Glad I could help!
The idea has been around for quite awhile. I actually read a TA
magazine article recently where they used the idea as well.
In this version you color the histogram on both sides of zero to help
identify indicator incline/decline. Another version of the indicator
is the Up/Down histogram where you simply indentify above and below
levels of the indicator. Like this:
{Up/Down Histogram}
X:={your indicator here};
Up:=If(X>0,X,0);
Dwn:=If(X<0,X,0);
Up; Dwn;
Preston
--- In equismetastock@xxxxxxxxxxxxxxx, jaison thomas
<jaison70018@xxx> wrote:
>
> Hi
>
> Thanks Preston for your help.
>
> Regards
>
> Jaison
>
> pumrysh <no_reply@xxxxxxxxxxxxxxx> wrote:
> --- In equismetastock@xxxxxxxxxxxxxxx, pumrysh
<no_reply@> wrote:
> >
> > Darren,
> >
> > There is a universal indicator that can be used for this purpose.
> >
> > {RedGreen Histogram}
> > X:= {your indicator here};
> > Green:=If(X>Ref(X,-1),X,0);
> > Red:=If(X<Ref(X,-1),X,0);
> > Green; Red;
> >
> >
> > In your case change it to:
> >
> > {RedBlue MACD}
> > X:=MACD();
> > BLUE:=If(X>Ref(X,-1),X,0);
> > Red:=If(X<Ref(X,-1),X,0);
> > BLUE; Red;
> >
> > Hope this helps,
> >
> > Preston
> >
> >
> >
> > --- In equismetastock@xxxxxxxxxxxxxxx, Darren Liew <darrenliew@>
> > wrote:
> > >
> > > Hi,
> > >
> > > I would like to create MACD Histogram with color bars.
> > > IF Today's MACD Histogram is higher than yesterday, then I want
> to
> > see a Blue color histogram bar.
> > > IF Today's MACD Histogram is lower than yesterday, then I want
> to
> > see a Red color histogram bar.
> > >
> > > aprecriate your help.
> > > thanks.
> > >
> > > Rgds,
> > > Darren Liew
> > >
> > >
> > >
> >
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> >
>
>
>
>
>
>
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