Hi Martin , can you please explain the idea behind bar colouration and what they all mean? (blue , yellow etc...)Im trying to learn and understand more ... thank you in advance
MartinWeb
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@BaztardTrades, Barcolors by daily VWAP additionally contain an O and C check instead of just taking the price above or below the VWAP into consideration. IMO orange is a weaker downtrend as red - blue is a weaker uptrend as lime. In my new script here: tradingview.com/script/WOz4Puxe-Current-Developing-CPRs-3-x-VWAP-Barcolors/ you cand also make the VWAP from the Open/Close and High and Low/Visible
MartinWeb
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Added EMA + SMA to the two moving averages, vwaps and more bar color options.
ricjason
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@MartinWeb, Love this indicator Martin!, have you been able to create a strategy script for this?
MartinWeb
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@ricjason, no but how would your strategy look like so i could make one?
MartinWeb
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Added Alerts for Hull 1 and Hull 2 trend changes = when the color of the Hull indicator changes. This ist not the same as the Hull bar-coloration - the latter just changes when price goes above or below hull - the trend change compares 2 candles back in time compared to current candle.
ricjason
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Hi martin, is there a way to get alert when the bar code changes colors?
MartinWeb
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@ricjason, there is now an alert for color changes on hull 1 and hull 2 trend changes. or did you mean vwap bar coloration?
ricjason
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@MartinWeb, I have my setting as bar color change Hull 2 checked only. This works and changes the bar color according if price is below hull 2 as orange, and price above hull 2 as blue. But When I set the alert to hull 2, it is not giving me alert according to when these trend changes.
ricjason
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@MartinWeb, On the second thought, how do I go about getting the alert on the vwap o+c bar coloration? when the bar color change. thanks in advance.