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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

 

 

 

attachment.php?attachmentid=10085&stc=1&d=1239215165

 

attachment.php?attachmentid=10086&stc=1&d=1239215165

 

attachment.php?attachmentid=10087&stc=1&d=1239215165

Paint_The_Town_Red.gif.414bc6b68309536bf0fadc067fe9e70d.gif

PTTR_1.gif.acd73fa5d457a614605abb0f72ef4b26.gif

PTTR_2.gif.5701b0e34a515e70ab1699e63048cbff.gif

Paint_the_Town_Red.txt

Edited by Tams

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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 ?

Snap1.thumb.jpg.6bb63ea773b4bea2df870f8e556d0bb8.jpg

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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);

 

.

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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

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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 !

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