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Power candle indicator

  • #21
  • Jun 17, 2019 3:55am Jun 17, 2019 3:55am
Quoting Iver9279
{quote} Hey beerrun, hope you're well and thanks for this. I was wondering if you could help with modifying this a bit. I want this indi to plot a dot/star on all candles that have body height/candle height ratio greater than 50%. Doesn't seem very different to what this is. Hope you can help. Thanks in advance.
Yes its not very different but would take a bit of work; if I find time I will see what I can do.
  • #22
  • Jun 17, 2019 4:00am Jun 17, 2019 4:00am
Quoting Beerrun
Here is an improved version with a lot of added features. It should be error free. Enjoy! edit: changes to About tab, label display. {file} {image}
Here is a more improved version with more options, smoother running, and no errors
Attached Image (click to enlarge)
Click to Enlarge Name: WickLabel2.5.PNG Size: 84 KB
Attached File(s)
File Type: ex4 Wick Label 2.5.ex4   34 KB | 1,519 downloads
  • #23
  • Jun 28, 2019 1:08am Jun 28, 2019 1:08am
Hi. Regarding the % display on the candles, what is the % actual calculating - is the wick size in relation to the candle body or volatility or % long / short? Just trying work out what it means and how to trade using this information. Thanks
  • #24
  • Jun 28, 2019 7:32am Jun 28, 2019 7:32am
Quoting Beerrun
{quote} Yes its not very different but would take a bit of work; if I find time I will see what I can do.
Hey beerrun, sorry for bugging but would it be possible for you to please have a look into this over the weekend? Would really appreciate it.
  • #25
  • Jun 28, 2019 9:21am Jun 28, 2019 9:21am
Quoting NicholasPorr
Hi. Regarding the % display on the candles, what is the % actual calculating - is the wick size in relation to the candle body or volatility or % long / short? Just trying work out what it means and how to trade using this information. Thanks
The wick size is in relation to the body size; the % calculation is wick size divided by body size.

Quoting Iver9279
{quote} Hey beerrun, sorry for bugging but would it be possible for you to please have a look into this over the weekend? Would really appreciate it.
I'll see what I can do buddy
  • #26
  • Jun 28, 2019 9:48am Jun 28, 2019 9:48am
Quoting Beerrun
{quote} The wick size is in relation to the body size; the % calculation is wick size divided by body size. {quote} I'll see what I can do buddy
Thanks beerrun, appreciate the prompt response.

Also if you would be working on it, would appreciate a green dot/star above a bullish candle fulfilling conditions and a red one above a bearish candle that fulfills said condition.

Thanks again!
  • #27
  • Edited Jun 30, 2019 2:48am Jun 29, 2019 5:26pm | Edited Jun 30, 2019 2:48am
Quoting Iver9279
{quote} Thanks beerrun, appreciate the prompt response. Also if you would be working on it, would appreciate a green dot/star above a bullish candle fulfilling conditions and a red one above a bearish candle that fulfills said condition. Thanks again!
Try this out. Included the options of greater/less than the ratio. The dot height is based on an EMA or Point values. It will automatically scale the dot sizes when using chart zoom in/out.
Edit: error fix, option added, re-uploaded
Attached Image (click to enlarge)
Click to Enlarge Name: Candle Ratio.PNG Size: 35 KB
Attached File(s)
File Type: mq4 Candle Ratio.mq4   2 KB | 1,153 downloads
  • #28
  • Edited Jun 30, 2019 12:17am Jun 29, 2019 11:42pm | Edited Jun 30, 2019 12:17am
Quoting Beerrun
{quote} Try this out. Included the options of greater/less than the ratio. The dot height is based on an EMA, period input included. It will automatically scale the dot sizes when using chart zoom in/out. {file} {image}
Wow beerrun, thank you so much. Will try and revert back. Again thanks alot. This is great help.

Edit - just tried it and it doesn't seem to work. Restarted my mt4 and still nothing on the chart for some reason.
Also would it be possible to just have a dot above each candle at a fixed distance instead of the ema thing. That would be awesome. The size is ok and should not be a problem. Thanks again beerrun.

Edit 2 - actually it works but only above 30m timeframe. Would it be possible for it to be plotted on all timeframes. Also would appreciate if the dot could appear just above the candle instead of like the ema thing. Thanks again beerrun! Apologize for the confusion.
  • #29
  • Edited 1:39am Jun 30, 2019 12:55am | Edited 1:39am
Quoting Iver9279
{quote} Wow beerrun, thank you so much. Will try and revert back. Again thanks alot. This is great help. Edit - just tried it and it doesn't seem to work. Restarted my mt4 and still nothing on the chart for some reason. Also would it be possible to just have a dot above each candle at a fixed distance instead of the ema thing. That would be awesome. The size is ok and should not be a problem. Thanks again beerrun. Edit 2 - actually it works but only above 30m timeframe. Would it be possible for it to be plotted on all timeframes. Also would appreciate...
You need to check the experts tab of the terminal; it had a zero divide error, no reason for a timeframe restriction. Now fixed and also added the option to place dots by EMA or Points, re-uploaded now.
  • #30
  • Jun 30, 2019 1:07am Jun 30, 2019 1:07am
Quoting mragatrading
{quote} Yes Indeed! I need it for mt4.
Thanks for the indi. Regards
  • #31
  • Jun 30, 2019 1:58am Jun 30, 2019 1:58am
Quoting Beerrun
{quote} You need to check the experts tab of the terminal; it had a zero divide error, no reason for a timeframe restriction. Now fixed and also added the option to place dots by EMA or Points, re-uploaded now.
Beerrun, this last version is great and thank you very much for this. I really do appreciate it! Regards!
  • #32
  • Jun 30, 2019 3:49am Jun 30, 2019 3:49am
Quoting Iver9279
{quote} Beerrun, this last version is great and thank you very much for this. I really do appreciate it! Regards!
Np, let me know if you run into more errors
  • #33
  • Jun 30, 2019 9:26pm Jun 30, 2019 9:26pm
Quoting Beerrun
{quote} Np, let me know if you run into more errors
Hey beerrun, just tried it out live when markets have opened and it seems that I need to refresh in order for the dots to appear, or they don't appear live. Once refreshed, all dots then appear. Can this be fixed or this is a limitation?
  • #34
  • Edited 4:37am Jul 1, 2019 3:17am | Edited 4:37am
Quoting Iver9279
{quote} Hey beerrun, just tried it out live when markets have opened and it seems that I need to refresh in order for the dots to appear, or they don't appear live. Once refreshed, all dots then appear. Can this be fixed or this is a limitation?
Yeah man the auto sizing was causing problems, so it's been removed/replaced with user input. Also edited to make it work correctly on the current bar ticks, added options for sma, points below candles, and an input for the wingdings icon code.
Attached File(s)
File Type: mq4 Candle Ratio.mq4   2 KB | 1,157 downloads
  • #35
  • Edited 10:24am Jul 1, 2019 6:45am | Edited 10:24am
Quoting Beerrun
{quote} Yeah man the auto sizing was causing problems, so it's been removed/replaced with user input. Also edited to make it work correctly on the current bar ticks, added options for sma, points below candles, and an input for the wingdings icon code. {file}
Incredible beerrun. Will try and revert back. Thanks a ton.

Edit - Beerrun, this is perfect. Flawless. Exactly what I was looking for! Thanks again!
  • #36
  • Mar 28, 2020 3:16pm Mar 28, 2020 3:16pm
Quoting Beerrun
{quote} Yeah man the auto sizing was causing problems, so it's been removed/replaced with user input. Also edited to make it work correctly on the current bar ticks, added options for sma, points below candles, and an input for the wingdings icon code. {file}
Hi, Beerun! Thanks for your job!

After reviewing forums and sites, I did not find anything like this, so I thought that maybe you would be interested in something like that.
I am looking for the indicator Impulse.
It should count and summarize the points of all unidirectional candles, starting with the first and the specified size in points - to send an allert. Conventionally, we call this total size of candles - “momentum”.
When the candle close in the opposite direction from the previous one, a new countdown begins in a new direction.
Ideally, add speed to the price: reaching a given price segment in points divided by the time that it has passed.
In a super ideal, add a percentage of the shadows of the candles to the body, of the same candles.

The idea at this stage is this: We set the necessary minimum for the impulse in points (let's say 10 points on the 4-digit) and all impulses that are less than the specified size are ignored by the indicator. The price on several or one bar in the current time frame has passed 10 points, fixes it as an impulse and monitors it further. Then, when the next candle is closed in the opposite direction, the allert informs that the impulse with such-and-such a size, with such-and-such speed has stalled or braked.
In your opinion, how could this be interesting or, quite realistically, have you encountered something similar?
Thanks!
  • #37
  • Jan 21, 2021 1:29am Jan 21, 2021 1:29am
Quoting Beerrun
{quote} Yeah man the auto sizing was causing problems, so it's been removed/replaced with user input. Also edited to make it work correctly on the current bar ticks, added options for sma, points below candles, and an input for the wingdings icon code. {file}
Hi Beerrun,

Can you add following condition in this indicator

(H-L)/Open <0.0015 - Star on top


Thanks
Amruta
  • #38
  • Last Post: Jan 17, 2024 3:55am Jan 17, 2024 3:55am
Quoting Beerrun
{quote} Try this out. Included the options of greater/less than the ratio. The dot height is based on an EMA or Point values. It will automatically scale the dot sizes when using chart zoom in/out. Edit: error fix, option added, re-uploaded {file} {image}
can you please make this indicator for mt5?
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