Hello dear FF members.
I would like to keep it short and request an indicator for MT4 trading platform.
The description is as follows:
The indicator shoud calculate the difference between the high and low of the most recent candle, for example H= 1.3500 L=1.3470 1.3500-1.3470 = 30.
Then the number has to be divided into three parts 30 / 3 each one corresponding 1/3 of the candle.
30 / 3 = 10
The indicator should calculate where the candle opened and where it closed.
If open was at 1.3498 it means it opened in the first third of the candle, and if it closed @ 1.3471 it closed in the last third of the candle. The output for this combination is 1-3
If open was at 1.3485 and close was @ 1.3495, the output for the combination is 2-1
I am naming all the possible outputs
Bullish Pattern
1-1
2-1
3-1
Bearish Pattern
1-3
2-3
3-3
Indecision Pattern
2-2
It would be excellent if values are calculated in real time (not after the candle closes)
Thank you for taking time to read this, and please respond if it's possible to make such kind of indicator.
ADD: The indicator should display the values directly on chart containing data of the last 12 bars
I would like to keep it short and request an indicator for MT4 trading platform.
The description is as follows:
The indicator shoud calculate the difference between the high and low of the most recent candle, for example H= 1.3500 L=1.3470 1.3500-1.3470 = 30.
Then the number has to be divided into three parts 30 / 3 each one corresponding 1/3 of the candle.
30 / 3 = 10
The indicator should calculate where the candle opened and where it closed.
If open was at 1.3498 it means it opened in the first third of the candle, and if it closed @ 1.3471 it closed in the last third of the candle. The output for this combination is 1-3
If open was at 1.3485 and close was @ 1.3495, the output for the combination is 2-1
I am naming all the possible outputs
Bullish Pattern
1-1
2-1
3-1
Bearish Pattern
1-3
2-3
3-3
Indecision Pattern
2-2
It would be excellent if values are calculated in real time (not after the candle closes)
Thank you for taking time to read this, and please respond if it's possible to make such kind of indicator.
ADD: The indicator should display the values directly on chart containing data of the last 12 bars