Friday, April 2, 2010

Glance Change: adx colors

On the glances -- the bars that provide an overview of the signallers I follow -- I'm making a small change to the color scheme.

The adx signal tells the strength of the trend. Up to now I've used the same green, yellow, red scheme for the adx as I have for the bull and bear signals.

That's confusing, because the adx is a different sort of beast. It shows the strength of a trend, but not the direction. To make that clear, the color scheme should be different and the green, yellow and red should be reserved for indicating direction.

So, beginning today, the adx block will show orange for a strong-trend reading of 30 or above, purple for a marginal-trend reading of 20 to 29, and blue for a weak-trend reading of below 20.

Like this:

trendadxpsarppsmacdmacd
trend
stosto
trend
Strong
Marginal
Weak

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