Colored Data
Enhance Your ATAS Analysis with Colored Data for Custom Visuals
How it works
The Colored Data indicator allows you to customize the visual representation of any other indicator. First, select your source indicator — such as a MACD histogram or an RSI line — and then choose how you want it displayed. The tool applies different colors based on value behavior relative to zero, making trends and reversals easier to spot at a glance.
What can I use the indicator for?
Multi-Colored MACD Histogram
Transform the standard MACD histogram into a vibrant, multi-colored display. Set specific colors for when values are below zero and decreasing, below zero and increasing, above zero and increasing, or above zero and decreasing. This visual enhancement makes it quicker to identify momentum shifts and potential reversals, streamlining your trading decisions.
Enhanced RSI Line Visualization
Use the indicator to convert the RSI line into a dynamic, color-coded graph. By assigning distinct colors for increasing and decreasing movements around the critical 0 level, you can instantly recognize when the momentum is picking up or slowing down, improving your timing for entries and exits.
Adaptive Trend Analysis
Use the tool on any trend indicator to create a color-coded representation that highlights directional changes. Whether you’re tracking a moving average or another trend tool, the customized colors make deviations and trend shifts immediately noticeable, enhancing your technical analysis.
Custom Volume Indicator Display
Apply Colored Data to a volume indicator to differentiate rising and falling volume levels with color cues. This tailored visualization helps you detect significant volume changes, offering a clearer picture of market participation during key trading periods.
Settings
Panel: The chart panel where the customized display will appear. Usage: Choose the panel that houses your source indicator for seamless integration.
Display Type: Determines how the source indicator is rendered (e.g., Histogram, Line, etc.). Usage: Select the style that best fits your analysis and visual preferences.
Color Below Zero Decreasing: The color applied when the source indicator is below zero and showing a decreasing trend. Usage: Choose a distinct color to highlight bearish momentum in this range.
Color Below Zero Increasing: The color used when the source indicator is below zero but trending upward. Usage: Select a color that signals a potential reversal or weakening bearish trend.
Color Above Zero Increasing: The color for situations where the source indicator is above zero and increasing. Usage: Opt for a bright or positive color to reflect bullish momentum.
Color Above Zero Decreasing: The color for when the source indicator is above zero and beginning to fall. Usage: Pick a color that suggests caution, indicating that bullish strength may be waning.