Paint the Town Red

[Tams 20]

Paint the Town Red

(MultiCharts EasyLanguage)

 

This indicator was written in MultiCharts.

I don't know if it works in TradeStation.

 

This indicator "paints" the background color,

using a thick plot to mimic the background color property.

 

The background color will turn light green

when the price is trading above the moving average,

and pink when below.

 

The colors and moving average length are user adjustable.

 

 

check here for additional color values:

http://www.traderslaboratory.com/forums/f56/finding-hex-color-values-for-ts-5683.html#post62065

 

 

 

 

 

Paint_the_Town_Red.txt

Edited April 8, 2009 by Tams

[aaa 10]

TAMS

 

Thank you for this very interesting trick

 

"Expand scale to indicator" is a new option in MC 5.xx

 

I use to plot histograms below the price like on the pix enclosed

 

Could it be possible painting only below the price instead of all screen ?

[Tams 20]

TAMS

Thank you for this very interesting trick

"Expand scale to indicator" is a new option in MC 5.xx

I use to plot histograms below the price like on the pix enclosed

Could it be possible painting only below the price instead of all screen ?

 

you sure can...

 

just change

 

plot1(c*4, "Bar High", paint.color);

 

to

 

plot1(LOW, "Bar High", paint.color);

 

.

[aaa 10]

one more thanks

 

In fact I'm still using MC 3.1 because I had stability problems with the next beta versions

 

I'm waiting for the official release to test it

[johnnydaymon 11]

Nice indicator Tams!,I added an alert! I'm using it as an analysis technique below my chart. It's just another way until Tradestation comes up with better gradient backrounds.Thank you Tams!

PTTR_ALERT.ELD

Paint_The_Town_Red_With_Alert.txt

Edited February 18, 2013 by johnnydaymon

[Tams 20]

Nice indicator Tams!,I added an alert! I'm using it as an analysis technique below my chart. It's just another way until Tradestation comes up with better gradient backrounds.Thank you Tams!

 

You have an amazing perception of the market.

Thanks for sharing !

[The Goose 10]

That is fantastic : )

[johnnydaymon 11]

Use your creativity to mix indicators. Added a vwap , fibonacci & keltner to the paint the town red.

 

Edited October 16, 2020 by johnnydaymon