I'm looking for an indicator to take some of the manual work away from my trading system. Basically it is this:
when both the AO and AC are higher than their immediately preceeding bars the corresponding price bar will be coloured green and when both the AO and AC are lower than their immediately preceeding bars the corresponding price bar is coloured red. If the AO and AC are contradicting then the corresponding price bar is grey.
Anybody know of an indicator which is reliable, or indeed if not does anybody want to take this on as coding challenge??
Thanks in advance.
Darren
when both the AO and AC are higher than their immediately preceeding bars the corresponding price bar will be coloured green and when both the AO and AC are lower than their immediately preceeding bars the corresponding price bar is coloured red. If the AO and AC are contradicting then the corresponding price bar is grey.
Anybody know of an indicator which is reliable, or indeed if not does anybody want to take this on as coding challenge??
Thanks in advance.
Darren