Candles Price Actions in Excel | Forex Factory

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Candles Price Actions in Excel

  • #1
  • First Post: Jul 19, 2020 9:42am Jul 19, 2020 9:42am
dears ,,
I am starting this to develop a community collaboration in detecting Price actions using excel formulas, please use the same file to add your formula , even if was done , a different way/reading which might give same or different results , is always useful , I am starting here with Engulfing, which I did my self But Hammer as is from Mark ursal
will be great if you can manage to differentiate the bearish from bullish patterns signal.

here we go , check the file , re-attach your input
Attached File(s)
File Type: xlsx PRICE.ACTIONS.xlsx   1.1 MB | 500 downloads
  • #2
  • Jul 26, 2020 8:14am Jul 26, 2020 8:14am
I can't say I noticed anything new here. But I can admit that this is really something that can be used in practical work. Because it seems to me that everything that can be used to make your work easier and more relaxed is effective. And any calculations, any formulas can now be made up and used in this automatic format. Why not? It seems to me that the era when we wrote everything down on paper, etc., is already falling into the background. And now you can really use a large number of tools that are created by traders for traders. And this is really the coolest thing that started not so long ago. Before that, it seemed to me that traders are rather greedy towards their achievements. Or maybe we just did not have enough opportunities for such communication.
  • #3
  • Jul 27, 2020 1:26am Jul 27, 2020 1:26am
Quoting elgendi
dears ,, I am starting this to develop a community collaboration in detecting Price actions using excel formulas, please use the same file to add your formula , even if was done , a different way/reading which might give same or different results , is always useful , I am starting here with Engulfing, which I did my self But Hammer as is from Mark ursal will be great if you can manage to differentiate the bearish from bullish patterns signal. here we go , check the file , re-attach your input {file}
So is each column representative of O/C/H/L for a daily? I'm not entirely sure, but that's just what I'm assuming.
  • #4
  • Jul 27, 2020 7:27pm Jul 27, 2020 7:27pm
OHLC are exported from MT4 or MT5, you make up a formula to tell you a price action , to pre-dict the future direction , I use price actions as a part of my voting system to take a trade , around 20 strategies including some known (like Stochastic , adx) and other correlations , so what I am trying to introduce here , how to convert your strategy into signal , this is really much effective than charting
  • #5
  • Last Post: Jul 27, 2020 7:28pm Jul 27, 2020 7:28pm
Quoting Sainrad754
I can't say I noticed anything new here. But I can admit that this is really something that can be used in practical work. Because it seems to me that everything that can be used to make your work easier and more relaxed is effective. And any calculations, any formulas can now be made up and used in this automatic format. Why not? It seems to me that the era when we wrote everything down on paper, etc., is already falling into the background. And now you can really use a large number of tools that are created by traders for traders. And this is...
Thanks , but I have different opinion , as long as you are out of the box , you get what others doesn't have, I develop even the tools , i use Std deviation , but not the same way we all know , to show me the true price limits
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