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Market mode coulor
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Market mode coulor

  #1 (permalink)
Elite Member
Futures Experience: Intermediate
Platform: Multichart
Favorite Futures: Gold
Posts: 26 since Aug 2016
Thanks: 22 given, 4 received

Market mode coulor

Hello Traders

I use ATR% (x) as a market volatility mode indicator. I calculate it for an asset (stock) and then divide it into lowest 5% = very quiet, 20 % lowest - Quiet, 5% highest = very volatile, 20% highest = Volatile and the rest 50% as normal.

Is it possible to have the whole chart in different colour for the different modes?

Kind regards


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  #3 (permalink)
Market Wizard
Hamburg Germany
Futures Experience: Advanced
Platform: Multicharts, Tradestation, Multicharts.NET, NinjaTrader, MetaTrader
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Favorite Futures: ES
Posts: 1,322 since Apr 2013
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you can't conveniently color a chart in Multicharts, but you can accomplish what you have in mind. However you will likely have to play around with the order of the plots and the plot style (histogram, bar high and bar low) a bit, to get the result that you want.



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