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PlotColors as strategy trigger
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PlotColors as strategy trigger

  #1 (permalink)
Trading Apprentice
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PlotColors as strategy trigger

Can we use PlotColors as strategy trigger?

like
if (CustomIndicator.PlotColors[0][0]==Color.Red)
EnterShort();

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  #2 (permalink)
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  #3 (permalink)
Market Wizard
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microsat View Post
Can we use PlotColors as strategy trigger?

like
if (CustomIndicator.PlotColors[0][0]==Color.Red)
EnterShort();

maybe it's better to understand which condition to make it red.

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  #4 (permalink)
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in the indicator,
if (Rising(SMA(14)) && RSI(14) > 30 )
PlotColors[0][0] = RisingColor; //Color.Blue
else if (Falling(SMA(14)) && RSI(14) < 70 )
PlotColors[0][0] = FallingColor; //Color.Red
else
PlotColors[0][0] = NeutralColor; //Color.Yellow


Can we just use PlotColors[0][0] to trigger the short/long entry in a strategy?

When I tried to call PlotColors[0][0], it always gave back 'Color [Empty]'.
But in chart mode of the backtest, the indicator does show three different colors.


cory View Post
maybe it's better to understand which condition to make it red.



Last edited by microsat; August 4th, 2015 at 01:44 PM.
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  #5 (permalink)
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cory View Post
maybe it's better to understand which condition to make it red.

Well, bulls charge when they see red, right? Then what bears do? They don't like green... I'm confused

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  #6 (permalink)
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Same Question?

@cory
I tried using this indicator with the strategy wizard but the two colors green or red are not available when I select
"plot" in the Wizard Gui. When I edited the indicator I see plots for red and green also Rising and falling is referenced.Can the
colors or directions be added to the Strategy Wizard. BTW some funny comments by @Zondor the script. Any help would be appreciated.



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  #7 (permalink)
Market Wizard
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Riverend View Post
...
I tried using this indicator with the strategy...

I don't know how to use strategy, sorry!

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  #8 (permalink)
Market Wizard
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microsat View Post
in the indicator,
if (Rising(SMA(14)) && RSI(14) > 30 )
PlotColors[0][0] = RisingColor; //Color.Blue
else if (Falling(SMA(14)) && RSI(14) < 70 )
PlotColors[0][0] = FallingColor; //Color.Red
else
PlotColors[0][0] = NeutralColor; //Color.Yellow


Can we just use PlotColors[0][0] to trigger the short/long entry in a strategy?

When I tried to call PlotColors[0][0], it always gave back 'Color [Empty]'.
But in chart mode of the backtest, the indicator does show three different colors.

@microsat I've done this in one of my indicators or strategy but I'm not on my main PC to copy and paste it.
I will look it up this weekend if you are still interested.
Let me know if I should search for it.

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