Bars - BARS
Description:
Plots standard OHLC bars, or Candles, or Point and Figure.
There is also an optional 3 MA's that can be plotted over the Bars or Candles. To plot the MA's, set the period to 2 or greater or 1 to hide.
Note: For Candles, see the CUS example cdl-rel which might be a better way to work with candles.
Bar Parameters:
- Up Color - color used for 'up' bars
- Down Color - color used for 'down' bars
- Neutral Color - color used for 'neutral' bars
- Label - text to identify the plot
Candle Parameters:
- Candle Color - color used for candles
- Label - text to identify the plot
Point and Figure Parameters:
- Method - Default or Custom (see below)
- X Color - color used for rising prices
- O Color - color used for falling prices
- Box Size - the minimum price change that must occur before a mark is plotted.
- Reversal - amount of price change required to commence the new right-hand column.
- Label - text to identify the plot
The 'Default' method box sizing is a simple formula: 2% of the mid point of bars displayed. Set method to 'Custom' to set the box size and reversal parms for each individual chart.
Formula Reference:
Syntax |
BARS(TYPE) BARS(TYPE, COLOR) |
Function |
Type is either Bar, or Candle, or PF.
The Color parm is only used for the Candle TYPE. |
Example |
BARS(Bar) BARS(Candle, red) |