Coding Paintbars for Profit

Discussion in 'Journals' started by fireatwill, May 11, 2008.

  1. then say the methods, otherwise it is just colored charts :D
     
    #11     May 12, 2008
  2. if you are really trying to be helpful you will give some sort of explanation of what you are showing.
     
    #12     May 12, 2008
  3. Sure. Basically the system looks back at previous support and resistance levels and the volume at those levels. It then compares that action to the action of the bar [1] just before the curent bar that is developing and if the conditions are met it colors the panel accordingly.

    I like to use range bars as oppose to regular candlesticks but it also works really wel on tick charts.
     
    #13     May 12, 2008
  4. that sounds pretty interesting. How do you go about coding S/R levels in a paintbar? I use QT and don't have a clue.
     
    #14     May 12, 2008