Dear Members. Are there any indicators that measures the percentage difference of Bulls/Bears candles or vice versa in a certain period of a number of candles?
Why I’m looking for this is to enhance my EA’s trades so that it doesn’t enter any trades when there is a ranging market where bears and bulls candles are of similar ranges.
i.e: if the last 10 candles has 5 bull candles with total of 30 pips and 5 bears candles of 25 pips then it can assume that the market in a range and no clear trend direction.
I’m just asking whether there are any and if there is none then it’s fine, I can get assistance for it to be coded. Just don’t want it to get it coded when there are existing Indicator with similar function.
Why I’m looking for this is to enhance my EA’s trades so that it doesn’t enter any trades when there is a ranging market where bears and bulls candles are of similar ranges.
i.e: if the last 10 candles has 5 bull candles with total of 30 pips and 5 bears candles of 25 pips then it can assume that the market in a range and no clear trend direction.
I’m just asking whether there are any and if there is none then it’s fine, I can get assistance for it to be coded. Just don’t want it to get it coded when there are existing Indicator with similar function.