Make Candle chart more Readable.

Hello!

I wonder if it is possible to modify the default candle plot parameters in such a way (or to assign the property to the chart object) so that the candles are plotted in the following format:

Down candles are red And up candles are green.

Example of the stock chart can be found here:

http://imageshack.us/photo/my-images/263/patchface.png/

I modified the default Black candle stick chart in the chart editor by changing the patch face colors. I wonder if this can be done from the scrip???

Thanks!

D

Answer 1

[Grzegorz Knor]

Something like that:

load disney.mat
candle(dis('3/31/98::4/30/98'))
title('Disney 3/31/98 to 4/30/98')
ch = get(gca,'children');
set(ch(1),'FaceColor','r')
set(ch(2),'FaceColor','g')

[Dima]

AMAZING!!))) IT WORKS!!! thanks so much...I am really getting the feel of the power of this platform...too bad I have only 3 days worth of programming experience))) still a pleasure to learn from such generously helpful people like you...have a nice day!)

D

Answer 2

[Sonima]

Hi!

This does not work anylonger.

Is it possible to define colors for Bullish/Bearish candles?

In addition, is it possible to conditionally change the candlestick face colors?

[Anton]

Try seprating bullish and bearish candles into two sets. Then plot each with diffrent colours. Here is quick and dirty example.

bullishColor = 	[0.4660 0.6740 0.1880]; bearishColor = [0.8500 0.3250 0.0980]; % Candle Colors


ii=0; iii=0;                
                    for i = 1:size(CurrentChart,1)
                      if CurrentChart{i,"Close"} >= CurrentChart{i,"Open"}
                        ii=ii+1; IndxBull (ii) = i;
                      else
                          iii=iii+1; IndxBear (iii) = i;
                      end
                    end
 
                    if ~exist('IndxBear', 'var') || ~exist('IndxBull', 'var')
                      continue
                    end
                    bullishCandles = CurrentChart (IndxBull,:);
                    bearishCandles = CurrentChart (IndxBear,:);
                                        
                    candle (bullishCandles, bullishColor); 
                    hold on 
                    candle (bearishCandles, bearishColor);
                     hold off