| Welcome Guest, please sign in to participate in a discussion. | Search | Active Topics | |
Registered User
Joined: 12/13/2006
Posts: 14
|
In reviewing the open bar chart, the color of the bar is linked to the volume bar. So if the volume bar is green, and the stock closed lower on the day, the open/bar is still green. does that mean that there were more buyers on that day even though the price went down? Thanks,
|
|
Worden Trainer
Joined: 10/1/2004
Posts: 18,819
|
The color of the volume is controled by the close. It is green if the stock closed higher than bar before, red if it closed lower.
It is not possible to have a red bar when the close is higher than the previous bar's close.
- Craig
Here to Help!
|
|
Registered User
Joined: 12/13/2006
Posts: 14
|
Thanks for the explanation Craig. So the close controls the color of the volume bar too?
|
|
Worden Trainer
Joined: 10/7/2004
Posts: 65,138
|
riptide681,
Closing Prices control the color of both Price and Volume. The candlesticks in TeleChart combine color and body type to provide both Current Close versus Current Open and Current Close versus Previous Close information in the same Candle (if Plot down days in a different color is selected).
Candlesticks:
Current Close > Open = Hollow
Current Close < Open = Solid
Current Close >= Previous Close = Green
Current Close < Previous Close = Red
Price Color and Volume Bar Color treat a Net Change of zero differently. The Candle is green but the Volume Bar is red.
Volume Bars:
Current Close > Previous Close = Green
Current Close <= Previous Close = Red
Obviously the Hollow and Solid aspects are not part of an Open Bar Chart (my favorite type of chart BTW), but the colors are still the same.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
|
|
Registered User
Joined: 12/13/2006
Posts: 14
|
thanks alot Bruce.
|
|
Worden Trainer
Joined: 10/7/2004
Posts: 65,138
|
riptide681,
You're welcome. Our pleasure.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
|
|
|
Guest-1 |