Paintbar Indicator..

[v101 10]

I am attempting to code a Paintbar indicator, for use w/ my trading.

The goal for now is to just use a SMA, and when price is below the MA to plot the color of the bar RED, when price is above the MA to plot the color of the bar BLUE,

 

I have done this and it works, but my next task that I wanted to do, is to make it so that the first time price closes above the SMA, or below the color would be changed to yellow.....

 

Any idea on how to modify the code to support this??

 

Inputs: price(Close), SMA(12),

upColour(Blue), downColour(Red);

 

plotpb(high,low, "SMA");

 

{ Color criteria }

if (Value1 > Value1[1]) then

setplotcolor(1, upColour)

else if (Value1 < Value1[1]) then

SetPlotColor(1, downColour);

[Tams 20]

I am attempting to code a Paintbar indicator, for use w/ my trading.

The goal for now is to just use a SMA, and when price is below the MA to plot the color of the bar RED, when price is above the MA to plot the color of the bar BLUE,

 

I have done this and it works, but my next task that I wanted to do, is to make it so that the first time price closes above the SMA, or below the color would be changed to yellow.....

 

Any idea on how to modify the code to support this??

 

Inputs: price(Close), SMA(12),

upColour(Blue), downColour(Red);

 

plotpb(high,low, "SMA");

 

{ Color criteria }

if (Value1 > Value1[1]) then

setplotcolor(1, upColour)

else if (Value1 < Value1[1]) then

SetPlotColor(1, downColour);

 

 

just add the 2nd criteria, as you have described...

 

 

Inputs: price(Close), SMA(12),
	upColour(Blue), downColour(Red);

plotpb(high,low, "SMA");

{ Color criteria }
if ((Value1 > Value1[1]) 
and (Value1[1] < Value1[2]) )

or 

( (Value1 < Value1[1]) 
and (Value1[1] > Value1[2]) )

then 
setplotcolor(1, Yellow);

 

 

 

ps. please use code tag when posting codes. It is the # key at the top of the message window frame.

[Tradewinds 12]

my next task that I wanted to do, is to make it so that the first time price closes above the SMA, or below the color would be changed to yellow.....

 

Any idea on how to modify the code to support this??

 

Inputs: price(Close), SMA_Lngth(12),
upColour(Blue), downColour(Red);

var: TheSMA(0), CurrentColor(0), ClosedOvr(False), ClosedUndr(False), FirstClsOvr(False), FirstClsUndr(False);

plotpb(high,low, "SMA");

TheSMA=AVERAGE(Close, SMA_Lngth);
ClosedOvr=Close > TheSMA;
ClosedUndr=Close < TheSMA;

FirstClsOvr = ClosedOvr[1] and ClosedOvr[2] = False;
FirstClsUndr = ClosedUndr[1] and ClosedUndr[2] = False;

If FirstClsOvr then 
CurrentColor = 0
Else If FirstClsOvr[1] then
CurrentColor = 1
Else if FirstClsUndr[1] then
CurrentColor = -1;

{ Color criteria }
if CurrentColor = 1 then
setplotcolor(1, upColour)
else if CurrentColor = -1 then
SetPlotColor(1, downColour) else SetPlotColor(1, Yellow);

[kc8flq 10]

Raghee has what she calls a GRaB indicator coded and posted over at her blog.

It's set for the 34EMA but its easily changed.

[v101 10]

Thanks, I will check out the indicator, working with these suggestions, its getting closer to what I want, thanks everyone!!!