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1-min Intrabar indicator

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1-min Intrabar indicator

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  #1 (permalink)
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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  #2 (permalink)
Experience: Intermediate
Platform: TradeStation, Multicharts
Trading: Stocks, Futures
ShadowFox's Avatar
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.

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

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