A chart that plots lots of EMA’s based upon the close price. The effec 0

Posted on 17, June 2013

in Category SID


Description for Stream SID 798

A chart that plots lots of EMA’s based upon the close price. The effect produces a “stream” of colors. Although not useful for backtesting, the chart is good when used as a visual reference for spotting trend changes.

A chart that plots lots of EMAs based upon the close price. The effec/sid The logic for this technical analysis chart:

#A chart that plots lots of EMA's based upon the close price. The effect produces a "stream" of
#colors. Although not useful for backtesting, the chart is good when used as a visual reference
#for spotting trend changes.

#Remove the key from the chart
SetChartOption('key',0);
#Set the scale so all EMA's are plotted
PlotSetScale(EMA(Close,5),EMA(Close,45));

#Loop round all the EMA's.
foreach my $count (5..25) {
  PlotColumn(EMA(Close,$count),Color(255,$count*10,16));
}
foreach my $count (26..45) {
  PlotColumn(EMA(Close,$count),Color(16,$count*5,255));
}

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