Example 1 – Colors and Simple Indicators

Example 1

Colors and Simple Indicators

This is the first of many sample tutorial charts describing NeuroShell features and techniques. These examples are designed to continue your NeuroShell training after you have studied our videos. You should not only read the text which accompanies each example, but open the indicators and models in each one to see how we did what the text describes.

It is highly recommended that you study all charts in order, even if you feel you will not be trading the symbols in the charts, the time frequency, or the techniques described. That is because most techniques can be used on other symbols and frequencies. It doesn’t really matter whether you are trying to model stocks, bonds, futures, forex, or options. Furthermore, each example gives you some small pieces of information that you may need in the future. Most of our examples are done on daily charts, because the techniques are the same for intraday charts. These charts are for tutorial purposes, and not intended as profitable trading models.

In this Example 1, we have loaded the S&P 500 ETF stock whose symbol is SPY. We changed to default color schemes just to show you it can be done. Gone is the black background, and the lime green o,h,l,c price symbols. We’ve changed to dark green candlestick price symbols, and eliminated the gradient shading.

Next we inserted two moving averages, and colored the longer one red and the shorter one blue. Our intent was to associate blue with buying and red with selling. Whichever color is on top would show the correct position to be in according to the ancient moving average crossover strategy used by traders for years.

Just to clarify the crossover, we inserted a subtract indicator from the Arithmetic category where we subtracted the long moving average from the short one. Then we formatted that new indicator into bars, and instructed NeuroShell to make bars above zero blue, and those below zero red.

This example give you but a taste of the formatting possible, and we hope you will explore the possibilities further.

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