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ATR indicator of candle body ignoring wick and tail

  • Post #1
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  • First Post: Nov 11, 2017 2:44pm Nov 11, 2017 2:44pm
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.
  • Post #2
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  • Edited at 11:58pm Nov 11, 2017 8:20pm | Edited at 11:58pm
Quoting yalgaar
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.
Attached Files
File Type: ex4 Candle length.ex4   16 KB | 525 downloads
File Type: ex4 Candle strength.ex4   21 KB | 521 downloads
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.
Quoting yalgaar
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
Attached Files
File Type: mq4 ABR.mq4   4 KB | 566 downloads
File Type: mq4 ABR_vs_ATR.mq4   5 KB | 552 downloads
File Type: mq4 BRTRCD.mq4   5 KB | 515 downloads
Quoting Nicholishen
{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!!
  • Post #6
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  • Last Post: Nov 26, 2018 12:20pm Nov 26, 2018 12:20pm
Quoting yalgaar
{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.
Attached Image
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