Quote from gavich:
toucan,
Liked the Paintbar on your chart. Mind posting the eld for it.
Cheers,
gavich
Gavich.... I took the standard heikin ashi paintbar study and added a "potential 3 bar reversal" (the blue/yellow bars)... The Heikin Ashi helps me see trends and I use the potential 3 bar reversal and the HH/HL, LL/LH to look for possible pullback setups.
I'm not sure how to add the eld, so just pasting code here:
{ Heikin Ashi PaintBarStudy 1/20/04
Heikin-Ashi technique for visualization
of trend
best if you hide regular bar style:
Format Symbol, style tab, select Dot
on Close, color to white or black
}
inputs: UpColor(green),DnColor(red),Nocolor(blue),onoffflag(0);
vars: haClose(0),haOpen(0),haHigh(0),haLow(0),
color(0);
if BarNumber = 1 then
begin
haOpen = open;
haClose = (O+H+L+C)/4;
haHigh = MaxList( high, haOpen, haClose);
haLow = MinList( low, haOpen,haClose);
end;
if BarNumber > 1 then
begin
haClose = (O+H+L+C)/4;
color = Nocolor;
if haclose-haclose[1]>= 0.0
then color = UpColor;
if haclose-haclose[1]>=0
and haclose[1]<haclose[2]
and haclose[2]<haclose[3]
and haclose[3]<haclose[4]
and onoffflag=1
then color=blue;
if haclose[1]-haclose>= 0.0
then color = Dncolor;
if haclose[1]-haclose>= 0
and haclose[1]>haclose[2]
and haclose[2]>haclose[3]
and haclose[3]>haclose[4]
and onoffflag=1
then color=yellow;
plotPB(high,low,"heikin-ashi",color);
SetPlotWidth(1,2);
SetPlotColor(1,color);
end;
If this doesn't work, I can email you the ELD.
Hope this is what you want
toucan
