PureBytes Links
Trading Reference Links
|
Hello List:
I have been working on a programming issue for a while
now with no success even after searching the archives.
I trade a combination of a few indicators intraday on
the futures indexes and wanted to code paintbars as
green for buy, red for sell, yellow for neutral. So
far, so good.
Herein lies my problem: I want to have the paintbar
only begin painting the bar at the trigger price, and
beyond that to the extreme of the bar, i.e. high of
bar if a buy, and low of bar if a sell. In addition, I
want the following bars to remain completely painted
as long as the signal has not gone back to neutral.
So, e.g., if say the ADX > 40 and ROC > 0, then it
should paint the bar green, but only at the price
where this combo occurred. If the indicators
therefore fall below the threshold for buy before the
bar closes, it should turn neutral below that point,
but I want it to leave the triggered price of the
price bar still green and green all the way to the
bar's high. Vice versa for sell signals, but instead
colored red. Any following bars where the conditions
remain should be fully painted green from low to high
on buys, and red on sells, unless the conditions are
no longer valid, and upon that bar, the point at where
it changes to neutral should be unpainted, etc.
The problems I have observed are as follows: My code
originally was set to H and L for the paintbar
values...changing this to C and H for buys only
colored the actual close of that bar to the H, and
also only from the C to H for all following bars where
the indicators still signaled buy. Data is set to
update every tick, as I cannot wait minutes before
taking a signal. Bars paint either with all color H to
L, or all neutral H to L, with no partial coloring on
any...i.e., bars at signal points flick back and forth
from either an entirely painted bar or an entirely
neutral-colored bar.
An observation...I have seen code and observed
realtime paintbars that do what I am describing, but
these are triggered by indicators scaled to price,
such as Keltner Channel bands or BB's...when price
pierces the band, only that part paints. The
indicators I am using have their own scale, so this
would not work.
Any and all suggestions appreciated! Thanks in
advance.
|