Support Board
Date/Time: Wed, 27 Nov 2024 01:43:22 +0000
[Programming Help] - How to create an COLOR BAR BASED UPON ALERT CONDITION for multiple bars following a signal
View Count: 554
| [2023-02-07 18:58:40] |
| User29194 - Posts: 5 |
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I have an indicator that gives a Long and Short signal. I would like all bars after a long signal to be one color until the Short signal is fired. The bars would then be a different color to indicate a short. I am using multiple indicators and the above signal may fire before all conditions are met. So I need a way to have that signal be persistent until toggled the other direction. One option would be that the alert is looking back over a range of bars. Example Bar 1 - get a signal but no other confluences Bar 2 - I get a MA confluence Bar 3 - I get a RSI confluence At this point I want to trigger a long since Condition 1,2 and 3 are met. I know how to handle the MA and RSI as they are values that change every bar. I need to be able to carry that signal bar value forward to several bars. It is not a # value. It is a True or False value and only shows up on the bar that generated that signal. Date Time Of Last Edit: 2023-02-07 19:43:49
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| [2023-02-07 22:03:51] |
| Sawtooth - Posts: 4120 |
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Try this: =IF(AND(LongCondition1,LongCondition2,LongCondition3),1,IF(AND(ShortCondition1,ShortCondition2,ShortCondition3),-1,ID1.SG1[-1])) where ID1 is the color bar study. This will make the confluent signal persistent until the opposite confluent signal. Then set the Auto-Coloring to Based On +/- |
| [2023-10-08 07:46:12] |
| Sudhirc - Posts: 52 |
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i have some thing similar, and appreciate any help. how do i assign a Condition? so for me close below Opening Range low is a short condition1, Now when price touches a simple moving average (5) and close below should trigger a short Close above opening range high is a long condition2, Now when price touches a simple moving average (5) and close above should trigger a long Thank you |
| [2023-10-09 15:10:46] |
| Sawtooth - Posts: 4120 |
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First make the close outside the Opening Range persistent: =IF(C>ORhigh,1,IF(C<ORhigh,-1,ID1.SG1[-1])) where ID1 is this color bar study. Then use two more instances of the color bar study to combine the persistent with the MA crossover: Long trigger: =AND(ID1.SG1=1,CROSSFROMBELOW(C,ID2.SG1)) Short trigger: =AND(ID1.SG1=-1,CROSSFROMABOVE(C,ID2.SG1)) where ID2 is the MA. |
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