repo32

Column Up or Down

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This is the same as my background up/down except it displays a column to show if the stock is above or below the previous day close.
When looking at numerous charts, you can instantly see if they are up or down for the day. For me, I like to be going long on the stocks that are already moving up and short on the ones that are moving down. When using lower time frames, you can lose perspective of where it is on the daily chart .
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?
//Created by Robert Nance 11/19/15
//This script simply colors the background when price is above or below the previous day close.
//Works nice for seeing if the stock is up or down for the day.
study(shorttitle="UP/DN", title="Column Up or Down", overlay=false)

cdl = input(true, title="Previous Daily Closing")
dclose = security(tickerid, 'D', close[1]) 
positive = close > dclose 
negative = close < dclose 
plot(positive, style=columns, color=lime)
plot(negative, style=columns, color=red)

Kommentarer

good addition, nice tool.


...and it I may, traders can make a heatmap by amending the script. Since you already have the Daily posted, Weekly and Monthly columns can be added to make the MTF heatmap. For non-coders, its quite simple, change the "D" on lines 7,8 and 9 to "W", "w" and "w" respectively. Save it, amend the title to "Column Up or Down, Weekly". Then you will have your weekly columns. Do the same for a monthly column, presto, MTF heatmap.

Thanks for sharing and the addition to the library repo32!

Svara
repo32 cooney_s
Nice! Thank you for the improvement. I am a short term trader, so I forget about all the longer term folks.
Svara
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