Column Up or Down — Indicator by repo32

up down column closing Daily Charts

up down column closing daily

This is the same as my background up/down except it displays a column to show if the stock is above or below the previous day close.
When looking at numerous charts, you can instantly see if they are up or down for the day. For me, I like to be going long on the stocks that are already moving up and short on the ones that are moving down. When using lower time frames, you can lose perspective of where it is on the daily chart .

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?

//Created by Robert Nance 11/19/15
//This script simply colors the background when price is above or below the previous day close.
//Works nice for seeing if the stock is up or down for the day.
study(shorttitle="UP/DN", title="Column Up or Down", overlay=false)

cdl = input(true, title="Previous Daily Closing")
dclose = security(tickerid, 'D', close[1]) 
positive = close > dclose 
negative = close < dclose 
plot(positive, style=columns, color=lime)
plot(negative, style=columns, color=red)