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1-min Intrabar indicator


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1-min Intrabar indicator

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 ptcm 
Taiwan
 
Experience: Intermediate
Platform: MC
 
Posts: 73 since Jun 2010
Thanks: 8 given, 15 received

I am trying to create a 1-min Intrabar indicator that can make the bar change color dynamically based on the following criteria.

If the last traded tick is smaller than the midpoint of the 1-min bar range, the bar becomes red and green if last tick is greater than the mid point.

example in ES

1-min bar range:10

futures trading 4010

if next tick trades at 4003, the bar turns red automatically.

Conversely, if next tick trades at 4008, the bar turns green automatically.

Can someone please help ? Thanks a lot in advance.

I was looking at this function, but I can't figure out how to do it.


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 ShadowFox 
CO/USA
 
Experience: Intermediate
Platform: TradeStation, Multicharts
Trading: Stocks, Futures
 
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Posts: 80 since Jun 2020
Thanks: 48 given, 103 received

This kind of study would be a Paint bar. Open powerlanguage editor and create a new paint bar. Paste the below code and verify the code (I built this in tradestation but shouldn't throw any errors). Then add the study to your chart.

 
Code
if Close >= (High - Low)/2 + Low then
begin
PlotPaintBar( High, Low, "Plot", Green ) ;
end
else
begin
PlotPaintBar( High, Low, "Plot", Red ) ;
end ;

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