HEY EVERY ONE
YESTERDAY AN IDEA CAME TO MY MIND TO DETECT THE TREND EITHER DOWN OR UP
AND HERE IT IS
WE NEED AN INDICATOR THAT HAVE ONE PARAMETER LET'S NAME IT (( NUMBER OF CANDLES ))
LET'S SAY I MADE THE PARAMETER 100
SO THE INDICATOR WILL WORK ON THE LAST 100 CANDLES AND WILL MEASURE THE SUM OF THE ( UP MOVEMENTS ) AND THE SUM OF ( DOWN MOVEMENTS)
AND DRAW THE DIFFERENCE BETWEEN THEM AS A LINE IN SEPARATE WINDOW ( LIKE THE MACD )
NOW HOW WE MEASURE THE UP AND DOWN MOVEMENT
THE UP MOVEMENT ( FOR EVERY SINGLE CANDLE ) = NUMBER OF PIPS FROM IT'S LOW TO IT'S CLOSE
THE DOWN MOVEMENT ( FOR EVERY SINGLE CANDLE ) = NUMBER OF PIPS FROM IT'S HIGH TO IT'S CLOSE
AND AS I SAY FOR EXAMPLE I MADE THE PARAMETER 100
SO THE INDICATOR WILL CALCULATE THE UP MOVEMENT FOR EVERY ONE OF THE LAST 100 CANDLE AND SUM THEM >>>> LETS SAY IT WAS 450 PIP
AND IT WILL CALCULATE THE DOWN MOVEMENT FOR EVERY ONE OF THE LAST 100 CANDLE AND SUM THEM >>>> LETS SAY IT WAS 600 PIP
AND SO THE DIFFERENCE WILL BE 450-600 = 150
SO THE INDICATOR LINE WILL BE under the zero line and it's value will be 150
and so on at every candle close the keep drawing with the new value
if the line is above the zero line this indicate up trend so we search for any trigger to go buy and vice verse with sell
waiting for coder
YESTERDAY AN IDEA CAME TO MY MIND TO DETECT THE TREND EITHER DOWN OR UP
AND HERE IT IS
WE NEED AN INDICATOR THAT HAVE ONE PARAMETER LET'S NAME IT (( NUMBER OF CANDLES ))
LET'S SAY I MADE THE PARAMETER 100
SO THE INDICATOR WILL WORK ON THE LAST 100 CANDLES AND WILL MEASURE THE SUM OF THE ( UP MOVEMENTS ) AND THE SUM OF ( DOWN MOVEMENTS)
AND DRAW THE DIFFERENCE BETWEEN THEM AS A LINE IN SEPARATE WINDOW ( LIKE THE MACD )
NOW HOW WE MEASURE THE UP AND DOWN MOVEMENT
THE UP MOVEMENT ( FOR EVERY SINGLE CANDLE ) = NUMBER OF PIPS FROM IT'S LOW TO IT'S CLOSE
THE DOWN MOVEMENT ( FOR EVERY SINGLE CANDLE ) = NUMBER OF PIPS FROM IT'S HIGH TO IT'S CLOSE
AND AS I SAY FOR EXAMPLE I MADE THE PARAMETER 100
SO THE INDICATOR WILL CALCULATE THE UP MOVEMENT FOR EVERY ONE OF THE LAST 100 CANDLE AND SUM THEM >>>> LETS SAY IT WAS 450 PIP
AND IT WILL CALCULATE THE DOWN MOVEMENT FOR EVERY ONE OF THE LAST 100 CANDLE AND SUM THEM >>>> LETS SAY IT WAS 600 PIP
AND SO THE DIFFERENCE WILL BE 450-600 = 150
SO THE INDICATOR LINE WILL BE under the zero line and it's value will be 150
and so on at every candle close the keep drawing with the new value
if the line is above the zero line this indicate up trend so we search for any trigger to go buy and vice verse with sell
waiting for coder