Zorro indi & alert

Does anyone know of an indicator that can identify bar chart candles as they relate to the Zorro or the Chili-type candle formations?

In other words, an indicator that can be programmmed to indentify the maximim height of a bar, while figuring in the Open & Close positions, when the resulting shape of this bar is what could be referred to as one part of the figure (with HAS being the 2nd part.)

Something like this:
(descriptions); [default examples]

Bar Max (pips from extreme high to extreme low): [30]
Open Max (pips from extreme high): [3]
Close Max (pips from extreme low): [3]

So in this example an alert would come when BOTH the Open Max & Close Max positions are 1-3 pips (but not more) from the extreme top & bottom of the (30 pip) bar.

Even better if this indicator can be paired with a strong MA indi.

In this example PA forms the foundation of the indi (and subsequent trade) in the form of the Zorro bar. Being called to the screen by the alert allows me to check the MA and the HAS to confirm entry (or not.)

Best result is an indicator that has a 2nd group of settings for setting up for a Chili formation.

I don't understand what you're asking for. please provide more details. I think the best way is to provide some pictures to describe the formations you talked about.

refer to http://www.forexfactory.com/showthread.php?t=137021 post number 8 and see how TradeZer0 did his explanation. clear and concise. I was able to easily code the indicator based on that diagram.

do the same or at least something equivalent and perhaps I'll help you too.

regards,
Zen

The center black candle in this pic is a "perfect" Zorro. Notice how the Open & Close positions sit exactly on the extreme top & bottom of the main bar.

What I need is an indi with alert that will notify when this same candle has formed, with variables for the Open & Close positions. Not every Zorro is so perfect, and most times it's fine to use them when the O/C PA is near the extreme, but not necessarily at the extremes. So going back to my first post, I would like to be able to set the size of the main bar, as well as the distance(s) of the O&C positions.

My first example was a main bar of 30 pips, with O/C variables of 3. Meaning the indi would consider any Zorro valid with a main of at least 30 pips, an Open within 3 pips of the extreme top, and a Close within 3 pips of the extreme bottom.

It is not necessary that the O/C pip ratio be exactly the same; for example, the Open might be 1 pip and the Close 3. But if the Open is 2 and the Close is 5 (from the bottom) it's not considered valid (according to this example. The beauty of this indi is that it can be customized to any set of variables.)

I also mentioned that this should be paired with a strong MA. I know the pic is small, but if you look closely you can see an MA behind the candles. A Zorro works best when it crosses an MA.

You may be a jerk, but I believe this is what you are after. Hope it doesn't crash your platform.

Guru,

That's exactly what I had in mind, thank you!

FYI, the zorro didn't immediately become visible on the 1M TF, although it did on all the ones higher. For the 1M I had to wait until the next ones were formed, but for the higher TF's all the zorro's were immediately visible going back many bars. Not complaining, just letting you know how it's responding over all.

Also, the MA is not visible at any setting or TF (have set it at 8, 25, etc., always Closed, but still no change. Not visible at any setting.) The type of MA I had in mind there was the MAColor version, where it's blue/black/red depending on slope direction.

Your help is greatly appreciated.

Guru,

The so-called bug on the 1M TF was due to the height of the main bar. Once I lowered that pip value more bars became visible further back. So no problem there at all.

Still no joy on the MA though.