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. . . more on Preferences 

• Bar Width Based On Indicator - The resulting values indicator selected in this list box (along with the preferences specified for that indicator) control the width of the Equi-Indicator bars.  In the example above, the volume (VMA) indicator is selected.  Therefore, the greater the volume for the bar, the wider the bar.  This configuration is more commonly known as an EquiVolume indicator.

• Indicator Preferences - Clicking this button will bring up the preferences of the selected indicator, and allow the user to adjust them.

• Bar Style - Three "Bar Styles" are available: "Open, High, Low, Close", "High, Low, Close", and "Close, Previous Close".  These control the prices that are represented in the bars. These options are discussed further in the description section below.

• Up/Down Colors - These colors are used when drawing the body of the bar, based on whether it is an up or down bar.

The "Equi-Indicator" is a flexible implementation of the more common EquiVolume indicator.  While the EquiVolume indicator bases the width of each bar on the volume of that bar (wider bars for larger volumes), the Equi-Indicator allows the user to base the width of each bar on the magnitude of any indicator.

As another example, the user may choose to base the width of the bars on the range (height) of the bars.  This can be seen in pane 2 of the chart above (EquiRange).  This would be accomplished by basing the Equi-Indicator on the indicator "Custom Indicator" with the syntax of the custom indicator being "HI - LO".  Similarly, the width could be based on the number of ticks in the bar, the distance of price from a moving average, or the CCI or RSI value

There are three different "Bar Styles", which are each described below.  While the style controls the prices and color schemes of the bar, the width is always controlled by the magnitude of the selected indicator.
 - Open, High, Low, Close - This style is similar in concept to candlesticks, in that the the open, high, low, and close are all represented, and the color of the body reflects whether the bar closed higher than the open.  This style can be seen in the chart above in both panes 1 and 2.
- High, Low, Close - This style shows only the high, low, and close of each bar, and the color reflects whether the close is greater or less than the previous close.  If the current close is greater than the previous close, it is considered an up bar and the up color is used.  If the close is less than the previous close, it is considered a down bar and the down color is used.  If it is a down bar, the area between the high and close is painted.  If it is an up bar, the area between the low and close is painted.
- Close, Previous Close - This style simply depicts the relationship between the close and the previous close.  A box is drawn between the close and the previous close (with a width based on the value of the selected indicator).  If close is greater than previous close, the box is drawn in the up color.  If close is less than previous close, the box is drawn in the down color.
 

For more information on technical indicator adjustment, click here.
 

The Equi-Indicator is not available in the Investor/RT RTL Language.  It is recommended to use the token of the underlying indicator instead.