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Old 09-18-2012, 06:37 AM   #1

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Question HLC Custom Bar for VSA

Is there a way to show only the High Low and Close on a bar omitting the Opening price of the bar in a similar fashion to those used by VSA traders. Also if you then wanted to paint bars that had a 1st and 2nd Standard deviation wider range than average what tokens would you use for this if this is possible?

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Old 09-19-2012, 08:17 AM   #2

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Re: HLC Custom Bar for VSA

In this char: Images | ChartHub.com

I've drawn the bars with a style of "High Low Bars". I added a Moving Average indicator setup with a 1 period smoothing of close to give me the close dot. I simply drew the MA as a continuous line, but adjusted the color control to give me a style of "dotted" and a width of 5, resulting in 5 pixel diameter dots on the close. I added paintbars for taller bars, orange for 1 std dev and yellow for 2 std dev. I used a period of 100 for these. I painted the other bars gray but you could paint them red and green based on up or down if you wish. Just change the up/down candle colors for the instrument.

Let me know if you have anything more you want to add to this or if you have any problem with it. Can import from the page linked above.

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