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Dear Sandy,
As an avid user of paintbars, my experience with them is:
If no recalc after every tick, then paintbar is activated, if at all,
only at close of bar period; &
If recalc after every tick, then paintbar is activated upon all
conditions being met during bar period; however, once paintbar becomes
activated during the bar period, it will not "unactivate" (ie, paintbar
returns to off) if, during the remainder of the bar period, its
conditions become no longer met --- in other words, "once on, always
on." I hope you can prove me wrong on this.
Sincerely,
Richard
Sandy Pasdak wrote:
> 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 no longer valid, and upon that bar, the point at where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.
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