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	<title>Trader Steve's Blog &#187; TS Code</title>
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		<title>Tick Extreme and Paintbar Indicator</title>
		<link>http://www.tradersteve.com/2009/07/13/tick-extreme-and-paintbar-indicator/</link>
		<comments>http://www.tradersteve.com/2009/07/13/tick-extreme-and-paintbar-indicator/#comments</comments>
		<pubDate>Mon, 13 Jul 2009 21:29:37 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[TS Code]]></category>

		<guid isPermaLink="false">http://www.tradersteve.com/?p=370</guid>
		<description><![CDATA[{ Simple indicator to ID new extreme values, while leaving
an indication of prior Highs &#038; Lows. Existing TS indicator,
Day Open Hi Lo Lines erases prior highs &#038; lows, showing only
most recent extreme.
The above implemented by drawing H_Lines across all new extremes.
This is working, but when small, barely visible new extremes
occur, it is often difficult to [...]]]></description>
			<content:encoded><![CDATA[<p>{ Simple indicator to ID new extreme values, while leaving<br />
an indication of prior Highs &#038; Lows. Existing TS indicator,<br />
Day Open Hi Lo Lines erases prior highs &#038; lows, showing only<br />
most recent extreme.</p>
<p>The above implemented by drawing H_Lines across all new extremes.<br />
This is working, but when small, barely visible new extremes<br />
occur, it is often difficult to see which candle caused the<br />
new extreme. Thus a PB indicator will also be added to color the<br />
TICK bar that causes the new extreme value.<br />
}</p>
<p>vars:<br />
DayHi ( 0 ) ,<br />
DayLow ( 0 ) ;</p>
<p>if date <> date[1] then<br />
begin<br />
DayHi = high ;<br />
DayLow = Low ;<br />
end ;</p>
<p>if High > DayHi then<br />
begin<br />
DayHi = High ;<br />
end ;</p>
<p>if Low < DayLow then<br />
begin<br />
DayLow = Low ;<br />
end ;</p>
<p>Plot1( DayHi, "Tick Hi" ) ;<br />
Plot2( DayLow, "Tick Lo" ) ;<br />
Plot3( 0, "Z-Line" ) ;</p>
<p>(Above this is the code for the indicator do not copy below this.)<br />
--------------------------------------------------------------------------<br />
(Below this is the code for the paintbar do not copy above this.)</p>
<p>{ PaintBar for tick extremes }</p>
<p>vars:<br />
BarColor ( White ),<br />
DayHi ( 0 ) ,<br />
DayLow ( 0 ) ;</p>
<p>if date <> date[1] then<br />
begin<br />
DayHi = high ;<br />
DayLow = Low ;<br />
end ;</p>
<p>BarColor = White ;</p>
<p>if High > DayHi then<br />
begin<br />
DayHi = High ;<br />
BarColor = Red ;<br />
end ;</p>
<p>if Low < DayLow then<br />
begin<br />
DayLow = Low ;<br />
BarColor = Green ;<br />
end ;</p>
<p>PlotPaintBar( High, Low, &#8220;Xtreme&#8221;, BarColor ) ; </p>
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