How To Paint Candles With Momentum

hockeycoachdoug

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Would someone be willing to help me/ show a tutorial of how to make a paintbar study from an indicator?
I have a cycle indicator that I want to convert to a paintbar study. All I want is for when the indicator value (CycleLineColor) increases on the next bar it paints the bar green and when the indicator value goes down the next bar it paints the bar red. Doesn't matter if the indicator value is above or below the zero line. Just looking for the bars to paint green or red when the indicator value goes up or down. There could be multiple bars in a row of the same color as long as the signal line keeps increasing/ decreasing. Here is the indicator-
Code:
declare lower;
#plot Data = close;
input   FastCycleLength = 5;
input   SlowCycleLength = 8;
#def   CycleLineColor=DefineGlobalColor(Color.RED);
#input   CycleHistColor=Color.BLUE;
#input   ZeroLineColor1 = GetColor(1);
DefineGlobalColor("CycleLineColor", Color.RED);
DefineGlobalColor("CyclehistColor", Color.BLUE);
DefineGlobalColor("ZeroLineColor", Color.YELLOW);
def H = high;
def L = low;
#def FastVar(0),SlowVar(0),DiffVar(0);

def FastVar = ExpAverage((H + L) / 2, FastCycleLength);
def SlowVar = Average((H + L) / 2, SlowCycleLength);
def DiffVar = FastVar - SlowVar;

plot pDiffVar = DiffVar;
pDiffVar.SetDefaultColor(GlobalColor("CycleLineColor"));
plot pDiffVar2 = DiffVar;
pDiffVar2.SetDefaultColor(GlobalColor("CycleHistColor"));
plot pZeroLine = 0;
pZeroLine.SetDefaultColor(GlobalColor("ZeroLineColor"));
#Plot1(DiffVar,"Cycle",CycleLineColor);
#Plot2(DiffVar,"CycleHist",CycleHistColor);
#Plot3(0    ,"Zero",ZeroLineColor);
 
Solution
Would someone be willing to help me/ show a tutorial of how to make a paintbar study from an indicator?
I have a cycle indicator that I want to convert to a paintbar study. All I want is for when the indicator value (CycleLineColor) increases on the next bar it paints the bar green and when the indicator value goes down the next bar it paints the bar red. Doesn't matter if the indicator value is above or below the zero line. Just looking for the bars to paint green or red when the indicator value goes up or down. There could be multiple bars in a row of the same color as long as the signal line keeps increasing/ decreasing. Here is the indicator-
Code:
declare lower;
#plot Data = close;
input   FastCycleLength = 5;
input...
Would someone be willing to help me/ show a tutorial of how to make a paintbar study from an indicator?
I have a cycle indicator that I want to convert to a paintbar study. All I want is for when the indicator value (CycleLineColor) increases on the next bar it paints the bar green and when the indicator value goes down the next bar it paints the bar red. Doesn't matter if the indicator value is above or below the zero line. Just looking for the bars to paint green or red when the indicator value goes up or down. There could be multiple bars in a row of the same color as long as the signal line keeps increasing/ decreasing. Here is the indicator-
Code:
declare lower;
#plot Data = close;
input   FastCycleLength = 5;
input   SlowCycleLength = 8;
#def   CycleLineColor=DefineGlobalColor(Color.RED);
#input   CycleHistColor=Color.BLUE;
#input   ZeroLineColor1 = GetColor(1);
DefineGlobalColor("CycleLineColor", Color.RED);
DefineGlobalColor("CyclehistColor", Color.BLUE);
DefineGlobalColor("ZeroLineColor", Color.YELLOW);
def H = high;
def L = low;
#def FastVar(0),SlowVar(0),DiffVar(0);

def FastVar = ExpAverage((H + L) / 2, FastCycleLength);
def SlowVar = Average((H + L) / 2, SlowCycleLength);
def DiffVar = FastVar - SlowVar;

plot pDiffVar = DiffVar;
pDiffVar.SetDefaultColor(GlobalColor("CycleLineColor"));
plot pDiffVar2 = DiffVar;
pDiffVar2.SetDefaultColor(GlobalColor("CycleHistColor"));
plot pZeroLine = 0;
pZeroLine.SetDefaultColor(GlobalColor("ZeroLineColor"));
#Plot1(DiffVar,"Cycle",CycleLineColor);
#Plot2(DiffVar,"CycleHist",CycleHistColor);
#Plot3(0    ,"Zero",ZeroLineColor);

1. Commented out 'declare lower' so that this study can be used in either the upper or lower panel as is.
2. Created input showplots to hide plots. It is not needed in this study with declare lower commented out. However, it is a useful when trying to move a lower indicator to the upper panel when leaving the declare lower in the sudy.
3. Added assignprice color with conditions with an offset choice. The offset is defaulted to zero, You can try changing it to 1 or -1, for example to have the price colors painted how you wanted.

Screenshot 2024-02-19 085855.png
Code:
#declare lower;
input showplots = yes;
input paintbar  = yes;
input offset    = 0;
input   FastCycleLength = 5;
input   SlowCycleLength = 8;
#def   CycleLineColor=DefineGlobalColor(Color.RED);
#input   CycleHistColor=Color.BLUE;
#input   ZeroLineColor1 = GetColor(1);
DefineGlobalColor("CycleLineColor", Color.RED);
DefineGlobalColor("CyclehistColor", Color.BLUE);
DefineGlobalColor("ZeroLineColor", Color.YELLOW);
def H = high;
def L = low;
#def FastVar(0),SlowVar(0),DiffVar(0);

def FastVar = ExpAverage((H + L) / 2, FastCycleLength);
def SlowVar = Average((H + L) / 2, SlowCycleLength);
def DiffVar = FastVar - SlowVar;

plot pDiffVar = DiffVar;
pDiffVar.SetDefaultColor(GlobalColor("CycleLineColor"));
pDiffVar.sethiding(!showplots);
plot pDiffVar2 = DiffVar;
pDiffVar2.SetDefaultColor(GlobalColor("CycleHistColor"));
pDiffVar2.sethiding(!showplots);
plot pZeroLine = 0;
pZeroLine.SetDefaultColor(GlobalColor("ZeroLineColor"));
pZeroLine.sethiding(!showplots);
#Plot1(DiffVar,"Cycle",CycleLineColor);
#Plot2(DiffVar,"CycleHist",CycleHistColor);
#Plot3(0    ,"Zero",ZeroLineColor);

AssignPriceColor(if pDiffVar[offset] > pDiffVar[offset + 1] then Color.GREEN else if pDiffVar[offset] < pDiffVar[offset + 1] then Color.RED else Color.WHITE);

#
 
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