Coding Paintbars for Profit

[El OchoCinco]

then say the methods, otherwise it is just colored charts

 

[baggerlord]

Quote from fireatwill:

I agree lol. I'm not really calling live trades Option, I am just trying to illustrate some of the methods in QT using some coding and money management in the hopes that some of the QT users can utlilize it to become profitable. Thats all.

Peace out and good trading.

if you are really trying to be helpful you will give some sort of explanation of what you are showing.

 

[fireatwill]

Quote from baggerlord:

if you are really trying to be helpful you will give some sort of explanation of what you are showing.

Sure. Basically the system looks back at previous support and resistance levels and the volume at those levels. It then compares that action to the action of the bar [1] just before the curent bar that is developing and if the conditions are met it colors the panel accordingly.

I like to use range bars as oppose to regular candlesticks but it also works really wel on tick charts.

 

[baggerlord]

that sounds pretty interesting. How do you go about coding S/R levels in a paintbar? I use QT and don't have a clue.