repo32

Background Up or Down

This script will color the background based upon whether it is positive or negative for the day. 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 .

On the example above, you can see a 5 minute chart of NFLX . It shows you when it dropped below the previous days close.
Hilangkan dari Skrip-Skrip Favorit Tambahkan ke Skrip-Skrip Favorit
//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="Background Up or Down", overlay=true)

cdl = input(true, title="Previous Daily Closing")
dclose = security(tickerid, 'D', close[1]) 
positive = close > dclose ? green : na
negative = close < dclose ? red : na
bgcolor(positive, transp=75)
bgcolor(negative, transp=75)

This indicator isn't great as I thought, It repaints. Have to use it together with accumulation/distribution indicator, otherwise you could have big losses. Bassicaly this indicator nothing special. In my broker app. Easymarket if value goes during any time from positive to negative procentage than this indicator also changes during day few times from positive to negative background, so this indicator can be very misleading unless all day something goes negative or positive without reversal of course.
Jawab
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