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yalgaar Nov 11, 2017 2:44pm | Post# 1

ATR indicator of candle body ignoring wick and tail
 
Where can I find the indicator that will give me average range of a candle based on its "body only" ignoring the wick and tail. Basically the range as in Open to Close movement of each candle.

hanover Nov 11, 2017 8:20pm | Post# 2

2 Attachment(s)
Where can I find the indicator that will give me average range of a candle based on its "body only" ignoring the wick and tail. Basically the range as in Open to Close movement of each candle.
Attached are two indicators that I wrote many years ago.

With Candle length.ex4, set CandleBodyOnly to true, if you want it to display the distance between the open and close only.

Candle strength.ex4 displays the distance between the open and close as a percentage of the total height of the candle.
Candle length.ex4
Candle strength.ex4

yalgaar Nov 12, 2017 9:46am | Post# 3

Thanks for the Indicators but that's not what I am looking for. I need an Indicator that does exactly what the ATR does with the exception that it measures the total length of the candle from Open-Close....instead of from High-Low.

Nicholishen Nov 13, 2017 5:52pm | Post# 4

3 Attachment(s)
Thanks for the Indicators but that's not what I am looking for. I need an Indicator that does exactly what the ATR does with the exception that it measures the total length of the candle from Open-Close....instead of from High-Low.
This should do the trick

Here is a modded version that includes both ATR and ABR

... and also Body-Range/True-Range convergence/divergence
ABR.mq4
ABR_vs_ATR.mq4
BRTRCD.mq4

yalgaar Nov 14, 2017 7:19am | Post# 5

{quote} This should do the trick Here is a modded version that includes both ATR and ABR ... and also Body-Range/True-Range convergence/divergence {file} {file} {file}
Exactly what I was looking for!
Thank you very much to post this for me!!

T4Trade Nov 26, 2018 12:20pm | Post# 6

1 Attachment(s)
{quote} Exactly what I was looking for! Thank you very much to post this for me!!
how do you use this indicator? im looking for something like this shown in the fig below,this is the average 20 whole candles including wick and tail.I want the average of body of the candle.Name:  Screenshot2.png
Views: 1350
Size:  26 KB


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