Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.


OHLC Red and Green in Tradestation 8.x

Recommended Posts

I noticed that in Tradestation there are only green OHLC bars but an option to convert to Red and Green candlesticks. However, I need red and green OHLC bar charts. Can someone help. Also can you suggest 1. a good timer for bars and 2. Pivot point indicator. Thanks to all who respond in advance.

Share this post

Link to post
Share on other sites
I noticed that in Tradestation there are only green OHLC bars but an option to convert to Red and Green candlesticks. However, I need red and green OHLC bar charts.



look up PlotPaintBar in the manual.

example is include.




Can someone help. Also can you suggest 1. a good timer for bars and 2. Pivot point indicator. Thanks to all who respond in advance.



there is a search button at the top right corner of this page.

Edited by Tams

Share this post

Link to post
Share on other sites
I dont think that the option of Right click followed by style- format works, since I did ask Tradestation tech support. Thank you but any other suggestions.


I have been using Trade Station longer than any other customer. The right click, format symbol does work. This is a very basic operation that has been in effect for a very long time. You must have misunderstood support.


Here is a chart I just created with several different symbols, all OHLC charts. I changed the colors of the bars via right click - format symbol - style.


A paint bar will also color the bar but it is most often use as a conditional change in style. To just change the color a right click is the easiest.



Share this post

Link to post
Share on other sites
I think the OP means that he needs red down bars and green up bars. Like a candlesticks chart.


Easy enough. Either plot candlesticks or use paintbar.


OP need a bit of learning on his chosen platform. If this low level stuff is a problem - he faces a bit of a learning cruve before he can access anything that approximates optimal application.

Share this post

Link to post
Share on other sites

B4gt, you are correct. Perhaps I was not clear in communicating my need.


Just wanted to mention that I have been on this forum for a while and do know how to trade reasonably well. I just needed red down and green up OHLC bars for a specific price action system. Otherwise I have a good trading plan that works for me.


I have red and green OHLC bars in Metatrader (Trading the Forex), but not Tradestation (Trading futures).


Also I was exploring other platforms and they have a way to trade right off the chart. For example MT4, but not Tradestation.

Share this post

Link to post
Share on other sites


Let's take 1 thing at a time:

Because you compare to Candlesticks, I assume that you want the bar to be Green when C>O and Red when C<O (this is what all charting candlestick packages do - they "paint" the bar when this happens).

R click on the chart, not on a bar.

L Click on <Insert Analysis Technique>

L Click on <Paint Bar>

Check the box on the bottom right <Prompt For Format>

L Click on <Avg C < Avg Open>

Hold down the Ctrl Key and do the same for

<Avg C > Avg Open>

Click <OK>

Menu now will be on <Input> so Change to 1 (default is 14) which means one bar ago, and will be the same as a candlestick which changes color per every bar.

Click on the Color Tab and choose the color you want for that bar e.g. if it is the C>O then click on the green box.

Click OK and the next menu for the opposite will appear and do the same and choose your color.

Every now and then a bar will have the same open as the close = Doji

To manage this, R click on the bar, choose <Format Symbol>

Click on OHLC Bar and choose a color for the High/Low which is neutral e.g. DarkGray - do not choose black if the background color of your chart is black as the bar will then not be visible. Also choose the color for O and C.


Hope this helps.

Regarding Pivots - do you mean the Floor Trader Pivots or the recent support/resistance direction change "Pivot Points"?

Share this post

Link to post
Share on other sites

Thanks for the OHLC. I am still getting several neutral bars but most have converted to red/green. Floor trader Pivots are available as an indicator on Tradestation, but I am more interested in rolling hourly pivots and support / resistance lines.

Share this post

Link to post
Share on other sites

Some explanations are needed here:

The floor traders pivots are based on the sum of yesterday's (close+H+L)/3 (the "PivotPoint"). The traders on the floor of the S&P watch that line today and almost always gravitate back to it. "Support" and "Resistance" lines are created based on that line and are used by them to aim for and change direction or daily philosophy e.g. Supp = PP*2 - yesterdays H and Res = PP *2 - Yesterdays Low. They are different lines depending on if you use daily charts or intraday charts. They are fixed at the open and stay that way for the entire trading day and stay that way the whole day moving across the chart. In electronic trading such as FOREX, there are no Floor Traders and this is not as reliable as in the Futures markets. The "Market Makers" here that manipulate the prices that we follow are the Big International Banks and I doubt that they follow these type of pivots as their buy/sell philosophy. Thus they are less important as Supp/Res lines.


Pivot Points are direction changes that we see when a Trend in one direction changes to the opposite way. There are Minor and Major Pivots. A minor pivot occurs within a major trend when traders are cashing out and taking some profit. The the trend resumes. A major pivot occurs when the is exhaustion in a particular direction and there are no more takers, so it is "overbought" or oversold" and changes directions. Those tops and bottoms are the true support and resistances because the market tell you that that is where it is happening.


To see these, Tradestation gives you and Indicator called ZigZag which shows you major trend direction changes. Most people do not like these types of lines on the chart. They also give you a Showme indicator that plots as dots and there are three types that you can try: Under the <Showme> menu when you right click on the chart AND CLICK ON <Insert Indicator> there are "Pivot High" "Pivot Low" / Pivot Rev Gen - Dn Pivot Rev Gen - Up / SGPivotHighBar SGPivotLowBar. You can make them show more or less pivots on the chart by changing the default from e.g. 3 in Pivot High and Low to 5. The math is complicated, but you should realize that there is a delay with all of these indicators because it has to happen first before the program can calculate it. A Pivot High or Resistance is a High which is lower than a previous high which was higher than that previous high; and a Pivot Low or Support is a low which is higher than the previous low which was lower that its previous low. So it takes a minimum of 4 completed bars to calculate.


If you want a Supp Res indicator that plots them as horizontal lines for intraday charts, I have one that I wrote that might work for you, but it has to be fiddled depending on how slow or fast you want it to show up.


Hope that this helps.

Share this post

Link to post
Share on other sites

Regarding the neutral bars. They are called Doji Bars where the O = C and sellers = buyers. They tell you not to trade on that bar. One reason to use candlesticks is that if you have decided to trade in a certain direction and a Doji shows up, it is telling you to wait on the entry. If the next candle closes and the color matches the direction in which you want to go, then you place your entry, otherwise you wait.

If you do not want to see the neutral bars then change the input to (e.g.) 5 and it Averages the opens and closes over 5 bars getting rid of that issue. This of course will slow down the indicator (the color change) that tells you of the direction change.

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Topics

  • Posts

    • Yes trading can give as freedom but it has relatively high prices if you don't want to study learn from trading mistakes or fall into gambling. Trading success isn't something you can achieve quickly same as in other businesses. 
    • Date : 21st January 2022. Market Update – January 21 – Stocks Sink – Netflix & Peloton Crash. Stock markets sank again (Nasdaq -1.3%) Tech companies led the slide, (Peloton -24%, Netflix -18% post results. USD firmed as Yields & Oil dipped, Gold held onto to gains. Markets are nervous and risk aversion has picked up as investors eye shaky earnings, and waning confidence, with mounting tensions over Ukraine adding to geopolitical tensions. US Weekly claims hit a 3-mth high, EZ Inflation was an ATH and North Korea said it may resume testing its nuclear arsenal. Asian markets and AUD & NZD lower (AUDJPY -0.62%) ASX 200 (-1.2%), Nikkei 225 (-1.8%).   USD (USDIndex 95.65) ticks higher slips as Yields decline . US Yields 10-yr moved closed at 1.83% & trades at 1.785%. Equities – USA500 -50 (-1.1%) 4482 – USA500 FUTS lower again at 4467. USOil – Fell below $82.00 afrom highs at 87.95 on Wednesday, Inventories increased by 0.5m vs 2.3m drawdown. Gold – held on to gains topped at $1848 and holds $1838 now, holding the key 1830 support. Bitcoin under $40,000 back to test $39,000, FX markets – EURUSD back to test 1.1300 – 1.1322, USDJPY now 113.80 & Cable back to 1.3570, the week’s low. Overnight – UK Retail Sales plunged -3.7%, Consumer confidence slipped 4 whole points to -19 and Japanese core inflation was inline at 0.5%. European Open – The 10 US Treasury yield is up from overnight lows, Bunds are also finding buyers in opening trade, and the 10-year continues to shy away from turning positive, as ECB officials continue to push back against speculation of an early rate hike at the end of the year and market sentiment generally turns cautious. DAX and FTSE 100 future are posting losses of -1.4% and -1.1% respectively. Today – EZ Consumer Confidence, BoE’s Mann; ECB’s Lagarde, BoJ’s Kuroda Biggest FX Mover @ (07:30 GMT) EURNZD (+0.66%) Rallied from 1.6675 yesterday to breach 1.6800 now. MAs aligned higher, MACD signal line & histogram higher. RSI 73 OB but still rising, H1 ATR 0.0026 Daily ATR 0.0100. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Stuart Cowell Head Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Best way to make money is forex trading however it still requires a lot of hard work needed to build necessary skills which are required to earn money from forex.
    • I bet he was referring to acquire all the basic necessary skills needed to start earning money from the forex trading.
    • Yes agreed we can do forex trading as part time in the start and when we learn trading we can switch to full time trading.
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.