Help Needed for this Formula

[NYSEplaya]

Need help from someone with good heart to convert this formula to a EFS indicator.

((C-H)+(C-L))/2

Blue bar for positive outcome and red bar for negative outcome.

Many thanks!!!

[zeller4]

try this out and let us know what instrument, interval and other indicators you use this with.

post a chart when you have it the way you like it.

hope that helps,

Kirk

[NYSEplaya]

thanks zeller4, for the great work you have done.

however, what i am looking for is something appear on the seperated histogram below candles that would return the value of the calculation (something looks like the macd histrogram), blue colour for positive value and red for negative value, thicker histogram is prefered.

so a seperated histrogram to return the value but not printing the candles. I use that for identifying buy/sell presure. Can you please modify the EFS to that, thanks!

[zeller4]

do you use this on stock, futures, or forex? Also, what time interval do you normally use?

For the Kreslik community:
Please let us know where you got the idea for the buying-selling pressure and post a screenshot when you've got it.

try this...

[NYSEplaya]

Thanks zellers4, thats exactly what i wanted.

I use this to manuually scalp ETFs, i use one minute candle chart.

it is discretional trading, i would use 21 MA as resistance if the buying/selling presure against it is not too strong or became weak. i got the idea from myself so it acts as a visual tool for me like lining all the candles together below the chart, to confirm the candle patterns.

Again zellers4 I really apprecaite your helping me out on this!

[zeller4]

thanks for the post and explanation.

I hope you have success with it.
Kirk