FXCodeBase.COM: Forex Chart Indicators and Development

The Bill Williams Zone trade indicator highlights the source using Awesome and Acceleration/Deceleration oscillators.

If both AC and AO are green - the bar highlighted green (uptrend)
If both AC and AO are red - the bar highlighted red (downtrend)
If AC and AO color differs, the bar highlighted gray.



Download the indicator:



The indicator was revised and updated

Hint: You can use Location tab on the indicator properties to put the indicator into different area, to avoid hiding the source data. Just check "Show indicator/oscillator in a new area".

I adapted this indicator to demonstrated some of the features that will be available in the next version of the trading platform.

In this example, using output_stream: setColor (period, color)
we can determine the color of each candle,
number of color is no longer limited to two.

Hi

This indicator is great!
Can you just fixed so that the collors changes also in the "bar chart mode".
When i am in the candelstick mode everything is ok, but on the bar chart nothing happend.

P.S.
Just one question...
In the B.Williams book "N. T. dimenssions" there is an explanation about the AO oscilator to be set on 5/34. Why is on the Marketscope default parameters set on 5/35??
Or there is not such a big difference?

Thanks for your suporting and sorry for my "ignorance..." =(

Regards
Jernej

Currently this functionality is not supported by TS.
It can be applied only to Japanese candles.
We are aware of this problem.

In this version default parameters are 5 / 35.
You can change them easily, when adding indicator.

Bump Up.

Zone Trade Bar Chart.lua Added.

Is it possible to have an option to format ascending candles empty and descending candles filled as it is in Marketscope options?

Thanks in advance..

Not that I know of.
But we can draw this via draw instances.

Thank you Apprentice,

It sounds a little difficult, alternatively can you code a bar version of "Zone Trade"?

Thank you