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Background

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Background

Postby Apprentice » Tue Feb 08, 2011 6:56 pm

Background.png

This simple indicator, paints the background depending on whether the chosen indicator is rising or falling.
This will help you have fewer indicators / oscillator on the chart.
Background.lua
(3.64 KiB) Downloaded 941 times
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Apprentice
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Re: Background

Postby PipGrabber » Mon Mar 07, 2011 8:05 pm

Hi Apprentice! How can we convert this to a strategy? This looks promising combined with other indicators for filtering.. ;)
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Re: Background

Postby Apprentice » Tue Mar 08, 2011 7:05 am

This is not a classic indicator.
Strategies typically include one or more indicators.
Therefore, development of a strategy based on this indicator does not make sense.

If I'm wrong, convince me otherwise.

You can find two strategy that could help you
Composite and Strategy Builder.
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Re: Background

Postby PipGrabber » Tue Mar 08, 2011 7:02 pm

Apprentice wrote:This is not a classic indicator.
Strategies typically include one or more indicators.
Therefore, development of a strategy based on this indicator does not make sense.

If I'm wrong, convince me otherwise.

You can find two strategy that could help you
Composite and Strategy Builder.


Hmmmm... :? But based on your sample thumbnail. Its a moving average indicator your basing it from. That's just what I needed. A simple moving average that determines the rising and falling for buy and sell. Tried to simulate the result via two moving averages cross. But the results are not the same as this background. Near, but not the same.

There's something wrong with the strategy builder. Got errors when running it.

Thanks!
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Re: Background

Postby Apprentice » Mon Feb 13, 2017 12:49 pm

Indicator was revised and updated.
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