MACD Histogram Colour

[Ninj4Man]

Hello,

I was wondering if it's possible in NT7 to colour the MACD Histogram so it's Green for Bullish and Red for Bearish. Currently it's just Blue but I would like it to change depending on market conditions.

Thanks

[NinjaTrader_JessicaP]

Hello Ninj4Man,

This is easy to do in a custom indicator with the sample code in this section of the help guide,

// Color the Upper plot based on plot value conditions
if (Rising(Upper))
PlotColors[0][0] = Color.Blue;
else if (Falling(Upper))
PlotColors[0][0] = Color.Red;
else
PlotColors[0][0] = Color.Yellow;

In our case, we want the following

• We want the condition to be "bullish or bearish"
• We want to use the colors Green and Red

For the first bullet, "Bullish" can mean "prices are rising", and "Bearish" can mean "Prices are falling", so we can use these conditions as is. I am providing links to the Help Guide documentation for both.

http://ninjatrader.com/support/helpGuides/nt7/rising.htm

http://ninjatrader.com/support/helpGuides/nt7/falling.htm

We can decide if we are neither rising nor falling, to just leave the color alone, so that it will remain red or green. This gives us the following code block :

 [FONT=Courier New]    // Color the plot based on plot value conditions[/FONT][FONT=Courier New]
     if (Rising(MyMACD))[/FONT]
[FONT=Courier New]        curColor = Color.Green;[/FONT]
[FONT=Courier New]     else if (Falling(Upper))[/FONT][FONT=Courier New]
[/FONT]
[FONT=Courier New]        curColor = Color.Red;[/FONT]
[FONT=Courier New]PlotColors[0][0] = curColor;[/FONT]

You will need to add the curcolor property with a default value and the MyMACD plot. I am attaching an indicator with this OnBarUpdate block implemented. Please let us know if there is any other way we can help.