How To Color a Bar?

Yaser Rahmati | یاسر رحمتی

Goals

This Pine Script code is written in version 5 and is used to create a simple indicator called "Bar Color" that changes the color of the bars on a TradingView chart based on the relationship between the closing and opening prices of the bars.

Pine Script Code

//@version=5
indicator("Bar Color")

barColor = if(close > open)
	color.white
else
	color.orange

barcolor(barColor)

Code Output

Explanation

//@version=5

• This line specifies that the script is written in Pine Script version 5.

indicator("Bar Color")

• This line defines a new indicator with the name "Bar Color". This name will be displayed in TradingView's indicator list.

barColor = if(close > open) color.white else color.orange

• This block of code creates a variable named barColor and assigns it a value based on a conditional statement:

  • if(close > open): Checks if the closing price of the bar is greater than the opening price.

    • If true, barColor is set to color.white.

    • If false, barColor is set to color.orange.

barcolor(barColor)

• This function call changes the color of the bars on the chart to the color stored in barColor.

• barColor will be color.white if the closing price is higher than the opening price, and color.orange if the closing price is lower than or equal to the opening price.

Keywords

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