Let us remind you that to access the configuration configurator you have to:
- Click on Select a Configuration
- Select one of your custom configurations
- Click Edit
- Click on the left panel (i.e. Scanner Panel)
- Click on the right panel (i.e. Scanner)
When you click on the + button to add a color rule, the following window is shown.
A color rule is a set of simple conditions to decide a color to apply on a cell, if more than one color rule is applied in the same cell, a multicolor cell is shown.
A color rule is composed of a conditions set, every conditions set has one color, and at least one condition. If all conditions of color rules are verified then the color rule will have the color of the conditions set. Any other conditions set won't be kept into consideration. Conditions set can have also a description to remind you why you put the rules.
Every condition is composed of a comparison among 2 indicators or an indicator and a constant. Let's try to create a new condition together.
We click on
to create a new indicator/constant, the following window will open.
We can select an indicator opening the section described in How to Add/Edit Indicators or we can add a constant (a fixed numeric value).
For example, if we want to show green if RSI is greater than 70 we have to do just the following:
Now the add button inside the conditions set is enabled
This allows us to add another condition that has to be verified, also to show GREEN.
For example, we could add a price condition, we want to check if the open price of the last consolidated bar is greater than the open price of the last but one consolidated bar.
Now (when we have more than one condition per conditions set) there is the possibility to remove one condition, by just clicking on
Moreover, when we added a valid conditions set we have the possibility to add another condition set by clicking on the + button, for example, if we want to add another condition set to show red color when RSI is less than 30 and the open price of the last consolidated bar is less than the open price of the last but one consolidated bar, we have to proceed as follows.
Note: we are able to reuse indicators previously created.
A conditions set is evaluated in order, so when a condition set is verified its color will be used for the color rules without keeping into consideration the others. So the order is important, if some of your conditions set has a sort of overlapping (e.g. Conditions set 1 is verified in some cases where conditions set 1 is verified) you may want to change the order. Just do it with drag&drop, as follows.
You can also remove a conditions set by clicking on
Finally, we have to set the default color, a color that is used if no conditions set is verified, in our previous example that color will be shown when the 30 <= RSI <= 70 or when the price patterns are not verified.
To confirm the color rule we have to set a name to quickly identify it.
When we add a color rule to a scanner all possible colors of the color rule are shown to easily identify it, if there is more than one color rule selected for a scanner column (case of the multi-color cell) all colors will be shown, as in the following example.