Close price as up or down bar

Discussion in 'Technical Analysis' started by emulimu, Feb 4, 2022.

  1. emulimu

    emulimu

    I am looking for a way to see the stock chart which shows each day’s close price as an up or down bar and also how much up or down. I prefer thinkorswim as that is my broker. Anyone has any idea on how to do this? Thanks very much.
     
    murray t turtle likes this.
  2. Sekiyo

    Sekiyo

    You can use the rate of change (ROC) with length = 1 and maybe you can set the plot style as bar instead of line.
     
    emulimu likes this.
  3. Candle stick and bar charts will show you opening and closing prices
     
    murray t turtle likes this.
  4. emulimu

    emulimu

    I got the up and down bars alright but the numbers are not accurate. If the difference between yesterday’s close and today’s close is 10 in SPY, it’s showing 1/4th of that. Any idea how to see the actual difference? Thanks
     
  5. emulimu

    emulimu

    Yes I know but I need the difference between yesterday’s close and today’s close as a number. This tells me how much a stock is moving each day.
     
    murray t turtle likes this.
  6. Sekiyo

    Sekiyo

    Maybe because ROC is based on Open but if you can't chose Close as the source then I don't know ...
    I don't have ToS but I see you can use thinkScript to modify / create studies.

    You can script something like:

    (Pct wise)
    plot myvar = ( (close - close[1]) / close[1] * 100);
    SetChartType(ChartType.BAR);

    Or

    (Pts wise)
    plot myvar = (close - close[1]);
    SetChartType(ChartType.BAR);

    More about thinkScript
     
    Last edited: Feb 4, 2022
    emulimu likes this.
  7. emulimu

    emulimu

    Thanks I will try this thinkscript.

    No, it is taking the close as the source. I think it’s a scale issue.
     
    Sekiyo likes this.
  8. That would be Bar Net Change which would give you the dollar amount and there is Bar Percent Change which gives you change in percentage
     
    emulimu likes this.
  9. emulimu

    emulimu

    Thanks I will try this too.
     
  10. %%
    MOST any daily candlechart shows that, dollar amount+ some do that + %.
    Same way with a 2 day intraday chart\except intraday usually contains many more errors:caution::caution:
     
    #10     Feb 7, 2022