Coloured MACD

I was wondering if it was possible to have the MACD to change colour from bar to bar ?
For example in the following manner:

If ([bar that just closed] >= [previous bar]) then color[bar that just closed] = blue

If ([bar that just closed] < [previous bar]) then color[bar that just closed] = red

This would make it easier to see a change in momentum.

Eg of bars changing colour :-

Edited by lmbull - 29 Aug 2011 at 2:12pm

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lmbull Members Profile Send Private Message Find Members Posts Add to Buddy List Newbie Joined: 08 Dec 2006 Posts: 11	Post Options Post Reply Quote lmbull Report Post Quote Reply Topic: Coloured MACD Posted: 29 Aug 2011 at 1:33pm
	I was wondering if it was possible to have the MACD to change colour from bar to bar ? For example in the following manner: If ([bar that just closed] >= [previous bar]) then color[bar that just closed] = blue If ([bar that just closed] < [previous bar]) then color[bar that just closed] = red This would make it easier to see a change in momentum. Eg of bars changing colour :- Edited by lmbull - 29 Aug 2011 at 2:12pm

maximo Members Profile Send Private Message Find Members Posts Add to Buddy List BullCharts Guru Joined: 02 Sep 2006 Location: Australia Posts: 232	Post Options Post Reply Quote maximo Report Post Quote Reply Posted: 05 Sep 2011 at 6:26pm
	Yep Yep { MACD indicator with histogram } [description="One of the simplest and most reliable indicators, MACD uses 2 moving averages. compares two moving averages of prices, with 9 day Exponential Moving average as a signal."] [target=Default; category=Moving Average; dp=4] [horzline=0] n1 := input("Short moving average",12,1); n2 := input("Long moving average",26,1); ns := input("Signal periods",9,1); {Note: The true MACD is not quite a 12 & 26 exponential moving average } r1 := 2/(n1+1); r2 := 2/(n2+1); ma12 := Cr1 + previous(C)(1-r1); ma26 := Cr2 + previous(C)(1-r2); res := wait(ma12 - ma26,25); signal := ma(res,ns,E); [Name=MACD; color=dodger blue] res; [name=Signal; linestyle=solid; color=red] signal; histogram:=res - signal; [Name=Histogram Up; linestyle=Histogram; width=2; color=lime green] if (histogram > hist(histogram,1),histogram,undefined); [Name=Histogram Down; linestyle=Histogram; width=2; color=crimson] if (histogram <=hist(histogram,1),histogram,undefined);

lmbull Members Profile Send Private Message Find Members Posts Add to Buddy List Newbie Joined: 08 Dec 2006 Posts: 11	Post Options Post Reply Quote lmbull Report Post Quote Reply Posted: 06 Sep 2011 at 3:22am
	Thanks Maximo This will give me the model for what I want. The visual color change is easier for my eye to pickup. Edited by lmbull - 06 Sep 2011 at 3:24am