This script was influenced by Scilentor's- "RSI Bar Colors / Scilentor". I improved upon the Idea by adding the ability to change the full range of RSI (Between 0 through 100) to any color you want within 5 point increments.
Traditional use of RSI is to use it as an "Overbought" and "Oversold" indicator. A more uncommon/unknown use, especially among new traders,...
About Clear Method -- to repeat my prior post on the bar painter script:
This indicator is translated out of Technical Analysis of Stocks & Commodities , September 2010, (I take zero design credit). The script simply looks for the price action to break or "clear" the most recent action, and only changes the paintbar color if the action indeed clears the previous...
Now with Bar Color!
The simplest upgrade to the classic indicator, old script:
B3 Stochastic Full
Also, if you like this one you may appreciate my personally modified take on the stochastic readings:
B3 Extended Stochastics
20 step red/green gradient function
The color gradient function allow colorize any source in 5% steps.
Define the source, minimum and maximum value (constant or , for example, bb (or any other channel)).
This script simply colors the candles based on the defined "overbought" and "oversold" RSI-levels set in the input section of the indicator.
If the price is below the oversold level, the candle is colored in yellow.
If the price is above the overbought level, the candle is colored in aqua.
If the price moves back between both levels, no color will be...
This is the setup used by Alexandre Wolwacz (Stormer).
4 Exponential Moving Averages:
* 4 red
* 17 blue
* 34 black
* 80 green
* Red: possible top
* Blue: possible bottom
* Yellow: inside bar
Option to use Slow Stochastic as filter for top/bottom.
This indicator is based on my TSI shadow previously published
This custom version will also color the candles based on the TSI shadow trend
Bullish condition = TSI > MA2 and MA1> MA2
Bearish condition = TSI < MA1 and MA1 < MA2
I made alerts available for this indicator so you can set them on your...
Here is another indicator.
This indicator is useful from psychological point of view. It has a 20 EMA, which you can change to any value. The color of the candles or the bars will stay green unless and until we have a closing below 20 EMA, where it would give a red bar.
The tool has a great impact on psychology and keeps us in trade irrespective of the...
This is translated out of Technical Analysis of Stocks & Commodities, September 2010, (I take zero design credit). The script simply looks for the price action to break or "clear" the most recent action, and only changes the paintbar color if the action indeed clears the previous candles. Simple to use, just add to your chart from your favorites and change the...
It is an easy way to know the actual tr and volume with a label above in the last candle
Also n periods ago I label the highest tr and the highest volume
Finally I painted with the function barcolor the highest volume and the highest tr
This script is about rainbow color gradient, there are 35 colors from red to purple. The color changes with the time series, from light to dark, and then to light, repeat. Maybe it's visually beautiful. Compared to practicality, I prefer to use it as a color gradient reference. for the later...