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Tutorial - Colored Histograms - Coloring Extreme Levels

coloredHist

This Tutorial will demonstrate how to color extreme levels of histograms, as seen in the chart above. It will cover the following topics.

  • Creating custom indicators that represent different levels of an oscillator
  • Overlaying three custom indicators in one chart pane
  • Adjusting the order of elements in a chart pane

Kraut Color-Based System

This chart contains the Kraut Color-Based system for short term trading, discussed in the Trader's Tips section of the July 2011 issue of TASC magazine. Volume bars are painted as follows.

  • If today's close and volume are greater than 2 weeks ago, color green

  • If today's close is greater and volume is less than 2 weeks ago, color blue

  • If today's close and volume are less than 2 weeks ago, color orange

  • If today's close is less and volume is greater than 2 weeks ago, color red