Can this be done . . .

And if so, can someone show me how to do it?

I'm clueless when it comes to creating indicators, so I don't know if this is even possible, but . . . this is what I'd like to have:

1) A MACD histogram that would alert me when I have had five consecutive bars drawn, either positive or negative (i.e. it would give me an audible alert on the close of the fifth positive or negative bar).

2) Some sort of visual (arrow or dot) drawn over any candle whose body (i.e. the open and close) is equal to or less than 50% of the total length of the whole candle (i.e. the high and low).

Any help or advice is appreciated!
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This sort of what you're looking for?

http://img182.imageshack.us/img182/412/ssdc9.gif


The indicator is attached, it has a couple params you should be familiar with:
PinBarHeightPercent: Minimum Height of Bar as compared to ATR
PinBarNoseHeightPercent: Minimum Height of Nose as compared to Bar
PinBarLookback: Bars backwards to look to check that this is highest/lowest bar

AtrPeriod: Period to use for ATR calcs

To get rid of the additional filters and simply display bars with nose of 50% or more, set the params as follows:
PinBarHeightPercent: 0
PinBarNoseheightPercent: 0.5
PinBarLookback: 0


Hope you find it useful.

Tesla,

Not sure this is going to work, but I'll give it a try.

Thanks!