Re[2]: MAC-LT Indicator bars

["Sentinel Trading" <rjbiiilis@xxxxxxxxxxxxx>]

Well I was trying to get to it to now I'll try it both ways but I use the
following in several indicators. This one shows volume on up or down close.

If Close > Close[1] and Volume <> 0 Then Plot1(Volume,"Close UP ");
If Close <= Close[1] and Volume <> 0 Then Plot2 ( Volume, "Close Down");
{plot1 = green plot2 = red}

And I use one like this on an indicator that has a zero line.



 
 
 
 Value1 = (Indicator)
 Value2 = (Indicator)[1];

 Condition1 = Value1 > 0;
 Condition2 = Value1 >= Value2;
 Condition3 = Value1 < 0;
 Condition4 = Value1 < Value2;

 If Condition1 and Condition2 then plot1(Indicator),"Up");
                                                                                
                                                                                
                                                                                
  If Condition1 and Condition4 then plot2 (Indicator),"Down");
                                                           
 If Condition3 and Condition4 then plot3 (Indicator) ,"Low");
                                                            
 If Condition3 and Condition2 Then plot4 (Indicator),"Rising"); 
 
 {Plot1 = Green, Plot2 = yellow, Plot3 = red, Plot4 = yellow}                   
                                                                                
                   






 
 
 
 
____________________Reply Separator____________________
Subject: Re: MAC-LT Indicator bars
Author: hans esser
Date:  5/19/98 3:21 PM

> I use an Indicator called the "MAC-LT", adapted from Gerald Appel's  MACD
> Indicator.
> 
> The Histogram bars are now of one color, regardless if they 
> are above (BULL market) or below (BEAR market) the "0" line.
> 
> I would like to change this so that histogram bars appearing "above" the
> "0" line (positive values for a BULL trend) appear green and those
> appearing "below" the "0" line (negative values for a BEAR trend) appear
> red.
> 
> Colors of course have no bearing on the mathematical signals of the MAC-LT
> - colors just make the MAC-LT look prettier!
> 
> Thanks in advance to anyone for their help and timely reply
> Gerald Marisch
> 

+++++++++++++++
if "name of indicator" >= 0 then begin
 plot1(name of indicator,">= zero");    {set to GREEN histogramm}
end else begin
 plot2(name of indicator,"< zero");      {set to RED histogramm}
END;
+++++++++++++++

OR

 +++++++++++++++++
if "name of indicator" > 0 then plot1(name of indicator,">= zero");  {set to
GREEN histogramm}
if "name of indicator" < 0 then plot2(name of indicator,"<  zero");   {set to
RED histogramm}
+++++++++++++++++

hope that was timely enough - sorry it taken so long to type it :--))

rgds hans