Multi-Plot Shading

Author: Optuma Team Last updated: Apr 3, 2020 05:22

Overview

It is possible to add a shaded zone between two plot lines using the Shade() function.

The supported properties for this function are:

Down Colour: Set the colour of the shaded zone when Plot 1 is lower than Plot 2.
Up Colour: Set the colour of the shaded zone when Plot 1 is higher than Plot 2.
Offset: Move the shaded zone forward or backwards (measured in bars).
Transparency: Allows you to adjust the Transparency of the shaded zone.

Example Script

Plot1 = MA(BARS=25, STYLE=Exponential, CALC=Close);<br></br>Plot2 = MA(BARS=100, STYLE=Exponential, CALC=Close);<br></br>Plot3 = Shade(Plot1, Plot2, DOWNCOLOUR=Red, UPCOLOUR=Green);

The above script can be used with a Show Plot indicator to produce the following result: