What would be the correct way to go about adding some shading to highlight areas of the RSI indicators.
Similar to what I drew in with the yellow highlighter in the attached example.
I find just the horizontal lines alone too difficult to process real-time.
Any suggestions would be appreciated.
Hey Carlos
Perhaps not the most elegant approach, but using the reference line tool from the toolbar set to this configuration will do the trick - I've attached an image for you and a chart def below.
Happy trading
Marcus
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DESC=Untitled_73: 6EM4 (D) Daily
SESSION OVERRIDE=31 Treasuries/FX FULL: Hours: 22:00 to 21:00
TICKER=6EM4:GLOBEX:31 SECTYPE=3 DISPLAY=29 ALIAS=@EU# DAYSESSION=30
-Tick Data: 0 Days, Intraday: 3648 Days, Daily: 500 Days
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INDICATOR: RSI #4 ASSOC: 6EM4:GLOBEX:31 ID#1 PERIODICITY: 0,1,3221225473 DESC: RSI[6EM4 (D) 0] (8, 1) LABEL: F TXTLBL: F,"AUTO",F RECALC: 0,0 PREFS: 0,0,0,0,2,2,0,1,8,0,65,35,F,1,1,255,0,0,0,0,0,573573,
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END Investor/RT CHART DEFINITION for Untitled_73
Oh that works perfectly. Thank you!
Hi Carlos,
if you want to push it one step further, you may use the histogram filled feature of the PainIndicator (on a centered RSI), together with some "paint when" conditions based on RSI extreme values (defined here as V# variables) to clearly highlight the bars whenever the RSI extreme values are hi.. You just need to include your own RSI settings in the 0_RSI_CENTERED custom indicator definition and use it as an input inside the PaintIndicator.
In the first pane, individual extreme values are displayed at the top and bottom of the pane with the corresponding PaintIndicator "Label" feature. You can also modify the extreme limit by dragging the corresponding V# reference lines or through the Set V# button
I added a second pane to showcase the gradient coloring option, with a second PaintIndicators in the "background" color mode (and displaying extreme values labels)
Eddy
https://www.linnsoft.com/charts/ef-paint-indicator-filled-v0-es
https://www.linnsoft.com/techind/paint-indicator-rtx