Combining bar and line plots can produce some interesting charts.
As a starting point a simple bar chart needs to be setup (for demonstration purposes some of the toolbars have been ‘turned off’ and all chart-sheets closed prior to starting this demo).
To insert a chart-sheet with the price displayed in bar style:
1) Open a new Blank Chart from the File menu (a blank chart window will open).
2) Left click, and hold, on Price in the Charts > Basic Charts formula list and drag and drop the formula onto the blank chart.
3) Accept the defaults from the Properties window that pops-up.
The price will be automatically displayed in bar style (assuming that the selected symbol has OHLC data available). Alternatively the Price chart style can be set to Bars from the View menu.
Starting with a bar style chart, plots can be overlaid to create some unusual, and sometimes useful, chart styles.
To overlay a single line plot:
1) Copy and paste the following formula into a blank Formula Editor page and Save As under the title P_CombinationCharts (the formula will automatically be saved as an .afl file in the Charts > Custom list).
Note: It can also be downloaded as an .afl file from a link at the bottom of this page.
1
2
3
4
5
| /*P_CombinationCharts*/
field = ParamField("PriceField",3);
Color = ParamColor("Color",colorBlack);
Plot(field,"PriceField",Color,styleLine); |
2) Drag and drop the file onto the bar chart and accept the Properties defaults (a black close line style plot will be overlaid onto the bar chart).
To overlay multiple single line plots:
Either 1) Drag and drop a second copy of the P_CombinationCharts formula onto the chart (successive copies will automatically be assigned a serial numeric identifier).
or 2) Use copy and paste in Formula Editor to replicate the formula and modify it to produce copy 1,2,3 etc.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
| /*P_CombinationCharts*/
field1 = ParamField("PriceField1",3);
Color1 = ParamColor("Color1",colorBlack);
Plot(field1,"PriceField1",Color1,styleLine);
field2 = ParamField("PriceField2",3);
Color2 = ParamColor("Color2",colorBlack);
Plot(field2,"PriceField2",Color2,styleLine);
field3 = ParamField("PriceField3",3);
Color3 = ParamColor("Color3",colorBlack);
Plot(field3,"PriceField3",Color3,styleLine);
field4 = ParamField("PriceField4",3);
Color4 = ParamColor("Color4",colorBlack);
Plot(field4,"PriceField4",Color4,styleLine); |
Once the modified formula has been added to the chart a number of color and field combinations can be used. (Delete the original file first by right clicking inside the chart and picking Delete Indicator > P_CombinationCharts from the context menu that opens).
To use multiple combinations:
- 1) Right click inside the chart and select Parameters to open the Properties window.
- 2) Scroll down the Parameters list and use the drop-down arrows to set the color and the field for each plot e.g. PriceField1 and Color1.
The plots in the background chart will automatically change as soon as the Parameter settings are changed. Various combinations can be experimented with while the Properties window is still open.
EXAMPLE COMBINATION CHARTS
Western Candlestick Style
OK, so you have to use your imagination, but that is good for you!
If you’re unlucky enough to be lacking in imagination here’s a candlestick equivalent to help with ’seeing the picture’.
Which leads into the next style very nicely…….
OC Ribbon Style
Of course trending markets, like this one, always look good to a trader, no matter what the chart style!
Bar Range Style
This is a very good style for highlighting support and resistance points!
Note: In this example PriceFields1&2/3&4 have the same settings, as only two plots are required (this ‘hides’ the extra plots but they can just as easily be commented out of the code according to user preference).
Stochastic Bar Range Style
It’s another first for AmiBroker!
For practical application the “PriceField” chart titles can be removed and unused plots commented out.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
| /*P_CombinationCharts*/
field1 = ParamField("PriceField1",3);
Color1 = ParamColor("Color1",colorBlack);
Plot(field1,"",Color1,styleLine);
field2 = ParamField("PriceField2",3);
Color2 = ParamColor("Color2",colorBlack);
Plot(field2,"",Color2,styleLine);
field3 = ParamField("PriceField3",3);
Color3 = ParamColor("Color3",colorBlack);
Plot(field3,"",Color3,styleLine);
//field4 = ParamField("PriceField4",3);
//Color4 = ParamColor("Color4",colorBlack);
//Plot(field4,"PriceField4",Color4,styleLine); |
Perhaps you can dream up some new styles and maybe even name them after your-self!
ATTACHED FORMULA FILE: p_combinationcharts.afl
- To download .afl files right click on the link and pick Save Target As. Then enter Program Files/AmiBroker/Formulas/Custom as the path to access them from within AmiBroker > View > Charts.
- Written using AmiBroker Standard Edition v4.9 and Yahoo!Finance EOD data.
Loading ...
Filed by brian_z at 10:19 am under User Interface
1 Comment 
(4 votes, average: 4.25 out of 5)
