Color Studies – Price, Volume and Phase

Copy and paste the code below to a New EDS file.  Click on File, Save, name it Bothvolumeandcloseupdown.eds

PosVol if [volume]>val([volume],1).
NegVol if [volume]<val([volume],1).

PosClose if [close]>val([close],1).
NegClose if [close]<val([close],1).

Phasedown if Val([Phase],2)< Val([phase],1) and Val([Phase],1)> [Phase].
Phaseup if Val([Phase],2)> Val([phase],1) and Val([Phase],1)< [Phase].

Go to Charts

Click on the “Define Studies” button (up top)

Where it shows EDS Files up top…click on the button that looks like it has three periods in it (…)

Browse and select the Both Volume and Close UP Down.EDS file

Click on “Create New Color Study”

Select “Price Plot” and click Next

Select “Price Bar” and click Next

Select “NegClose” and click Next

Click on “Change Color” and select RED and click OK

Click Next

Click Finish

 

Click on “Create New Color Study”, again

Select “Price Plot” and click Next

Select “Price Bar” and click Next

Select “PosClose” and click Next

Click on “Change Color” and select GREEN and click OK

Click Next

Click Finish

 

Click on “Create New Color Study”

Select “Indicator” and select “VOLUME” then click Next

Select “Volume” and click Next

Select “NegVol” and click Next

Click on “Change Color” and select RED and click OK

Click Next

Click Finish

 

Click on “Create New Color Study”, again

Select “Indicator” and select “VOLUME” then click Next

Select “Volume” and click Next

Select “PosVol” and click Next

Click on “Change Color” and select GREEN and click OK

Click Next

Click Finish

 

Click on “Create New Color Study”

Select “Indicator” and select “PHASE” then click Next

Select “HISTOGRAM” and click Next

Select “PHASEDOWN” and click Next

Click on “Change Color” and select RED and click OK

Click Next

Click Finish

 

Click on “Create New Color Study”, again

Select “Indicator” and select “PHASE” then click Next

Select “HISTOGRAM” and click Next

Select “PHASEUP” and click Next

Click on “Change Color” and select GREEN and click OK

Click Next

Click Finish

Click OK to leave color studies