Hello reader,
I have an idea. Someone else probably also had it. But I don't know if there is an inicator for it. If anybody knows, would you be so kind and tell me where I can find it. If you don't know if it's been done, don't care and you like to code, maybe you could take a shot at this.
Principle I want to use an indy for:
I have an idea. Someone else probably also had it. But I don't know if there is an inicator for it. If anybody knows, would you be so kind and tell me where I can find it. If you don't know if it's been done, don't care and you like to code, maybe you could take a shot at this.
Principle I want to use an indy for:
- The first candle of a new sequence is (for example) yellow. If the first candle was a bull and the next candle is a bull it will stacked on top of the first candle. The first and the 2nd candle will now turn blue. All following bull candles will be stacked. The form of the created candle will exist of: open 1st candle / highest high / lowest low / close last candle. All following bull candles will be added to this one candle and its high & close will be adjusted accordingly.
- The first candle of a new sequence is yellow. If the first candle was a bull and the next candle is a bear, they will be combined in 1 yellow candle: open 1st candle / highest high / lowest low / close 2nd candle. All following alterating candles will be added to this one candle and its open/high/low/close will be adjusted accordingly.
- The first candle of a new sequence is yellow. If the first candle was a bear and the next candle is a bear it will "stacked" on the bottom of the first candle. The first and the 2nd candle will now turn red. All following bear candles will be "stacked" under. The form of the created candle will exist of: open 1st candle / highest high / lowest low / close last candle. All following bear candles will be added to this one candle and its low & close will be adjusted accordingly.
What do you think?