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How to color an indicator based on alert conditon


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How to color an indicator based on alert conditon

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 Babool 
Detroit, MI
 
Experience: Master
Platform: Sierra Chart
Trading: NQ, CL, ES, GC
Posts: 95 since Jul 2011
Thanks Given: 17
Thanks Received: 125

This is what I want to do. I want to take a donchian channel and have the channel change based on a 3 and 12 bar simple moving average.

For example if the 3 bar moving average is > than the 12 bar moving average I want the top channel of the donchian channel to be hidden so that only the lower channel is showing on the chart. If the 3 bar moving average is < 12 bar moving average then I want the bottom channel hidden. It will kind of look like a parabolic when finished.

Any help on this would be appreciated incredibly. Thanks.

Regards

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