Change charting style to HLC with thicker bars and relative strength
Author: MrHari
Creation Date: 8/17/2017 1:42 AM
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MrHari

#1
Hi,

I am trying to configure wealthlab to plot a chart like the way "investors.com" does:
http://research.investors.com/stock-charts/nasdaq-apple-inc-aapl.htm?cht=pvc&type=daily

I have also attached a screenshot for reference.

I am trying to achieve two things:
1. It uses only High, Low and Close prices (no open price) and the bars and lines are thicker (I think 2 or 3 pixels)
2. It has a relative strength line which basically tracks the performance of the stock compared to S&P 500. How can I add a relative strength line on wealthlab charts?

Thanks,
MrHari

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Eugene

#2
Hi,

QUOTE:
1. It uses only High, Low and Close prices (no open price) and the bars and lines are thicker (I think 2 or 3 pixels)

Thick OHLC Bars has both: thicker bars and HLC style (Ctrl-Y to trigger properties). You can find the ChartStyle after installing this extension and restarting WLP:

Community ChartStyles

QUOTE:
2. It has a relative strength line which basically tracks the performance of the stock compared to S&P 500. How can I add a relative strength line on wealthlab charts?

Here's how: WealthScript Techniques | Relative Performance Chart. To apply to every chart after opening it, you might want to save the resulting code as Default template (Edit menu > Set as Default Template Code).
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MrHari

#3
Thanks Eugene!

"Thick OHLC Bars" extension worked! I will try the relative performance chart tomorrow.

One quick question - Is there a way I can see the source code of "Thick OHLC Bars" and modify it. Even for HLC bars, investors.com draws the horizontal line on the bar on both sides of the bar, while this extension draws the horizontal line only on the right side of the bar. I am now used to both sides and will like to draw like that in wealth lab also.

Thanks,
MrHari

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Eugene

#4
Glad to help. You'll have access to the source code after verification (please see your open ticket):

Download Project Source (2015.06)
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MrHari

#5
Thanks Eugene!