Brian
The attached efs plots the volume and a 50 period EMA of Volume.
It was created using only the Formula Wizard which needs to be used to change the parameters.
Alex
Brian
The attached revision of the efs adds the conditions to color the volume bars depending on whether the volume is higher/lower than the prior one.
Open the efs with the Formula Wizard to change colors, thickness, conditions, etc.
Alex
Brian
The color of the volume bars in eSignal is not based on buy/sell signals but either on volume being higher/lower than the prior or close being higher/lower than the prior. The attached version now uses the close.
I would suggest that you at least open the script using the Formula Wizard so as to get acquainted with efs.
Alex
Sorry for bothering you agian. I'am trying to find out how to get your emaofvolume script to color the volume bars blue if the close is higher then open and red if the close is lower then open. So it should function like a candlestick. I believe this is how the default volume study is setup in Esignal.
Brian
If you prefer to have it based on Close being higher/lower than Open then open the efs with the Formula Wizard and change the conditions in Set1 and Set2 (in the image below Set1 is shown as an example)
Alex
Brian
That was no bother at all.
Yes I would suggest looking at the features of the Formula Wizard because, despite some limitations, it is a great tool to whip together an efs in no time. Add to that the fact that it really does not require much beyond a very basic understanding of efs.
Glad to have helped
Alex
Comment