[cbratton]

Anyone,

I've been trying to develop a code to have a value chart as a paint bar on Quote Tracker, but have been having trouble with making the code work.

Here's what I have so far:

if (Bar High-SMA)/0.3>8 set color to Red

if (Bar High-SMA)/0.3>=4 AND (Bar High-SMA)/0.3<=8 set color to $B7B7F (Light Red)

if (Bar Low-SMA)/0.3<=-4 AND (Bar Low-SMA)/0.3>=-8 set color to $B7FFB7 (Light Green)

if (Bar Low-SMA)/0.3<-8 set color to Green


For example, the top line if (Bar High-SMA)/0.3>8 set color to Red, is the bar high minus the SMA (5 Day (H+L)/2), that part works fine.

The part I'm having trouble with is the 0.3 part. It is suppose to be what is called a volatility unit, which is figured by (((Bar High[4]-Bar Low[4])+(Bar High[3]-Bar Low[3])+(Bar High[2]-Bar Low[2])+(Bar High[1]-Bar Low[1])+(Bar High-Bar Low))/5)*0.20. I just put 0.3 in for now because that was some average I figured out.

The 0.20 makes it adjust to changing volatility overtime. I try putting it all together and nothing shows up.

I want to know when the highs or lows get to the overbought or oversold area, and shade them the appropriate color.

This is what it is suppose to be for signif. overbought:

(Bar High-SMA)/(((Bar High[4]-Bar Low[4])+(Bar High[3]-Bar Low[3])+(Bar High[2]-Bar Low[2])+(Bar High[1]-Bar Low[1])+(Bar High-Bar Low))/5)*0.20

> 8

It needs to be greater than +8.

Does anyone see what I'm doing wrong, or is it even possible to figure it out.

Any help would be appreciated.

[OAC]

Originally Posted by cbratton »

if (Bar High-SMA)/0.3>8 set color to Red

It has been a while that I have done paintbar coding in QT.
When in doubt, always put in the parenthesis:

if ((Bar High-SMA)/0.3)>8 set color to Red


Also is there an input value for SMA ?

[cbratton]

This is what I have for the significantly Overbought:

if (Bar High-SMA(5)) / (((Bar High[4]-Bar Low[4]) + (Bar High[3]-Bar Low[3]) + (Bar High[2]-Bar Low[2]) + (Bar High[1]-Bar Low[1]) + (Bar High-Bar Low))/5)*0.2 >8 set color to Red

It still shows nothing on the chart.

It might be to complex or the expression is incorrect, anyone else have any thoughts?

[OAC]

I got it working. Thanks.
I am going to compare to the NinjaTrader version and see how it goes.

[cbratton]

How did you get it working? Did you change it? Please let me know.

[OAC]

Originally Posted by cbratton »

How did you get it working? Did you change it? Please let me know.

Do you need eye glasses ?

When in doubt, always put in the parenthesis:

[cbratton]

Okay, I got it now. I tried putting parenthesis in, but it still didn't work. What I did was simplify the calculations, so now it works perfect. I don't know if you divided by 0.3 or the volitility unit formula.

Thanks for your help.

[OAC]

if (Bar High-SMA(5)) /((((Bar High[4]-Bar Low[4]) + (Bar High[3]-Bar Low[3]) + (Bar High[2]-Bar Low[2]) + (Bar High[1]-Bar Low[1]) + (Bar High-Bar Low))/5)*0.2) >8 set color to Red


Happy New Year