Bar Percentage Indicator

Hi All,

Not sure if this is possible in MT4, but I saw that in the Trade Station platform you could programme in the bars to change colours under certain conditions.

I'm looking to be able to have a bar change colour if the open & close are within a certain percentage in a given period.

For example lets say after the bar opens the high of that bar does not exceed 10% of the open price and when the bar closes the price is no more than 10% away from the low of that bar. If this is meet then the bar turns Blue if its bullish and Red if its bearish.

Do you think this is possible to do as an indicator in MT4 ? ....or maybe one exists already ?

Any help on the subject would be very much appreciated.

Cheers


ab1

It is possible to paint the candles or bars any colour you want based on any condition that you can measure. Do a search for "rsi candles" or "adx candles". There are a few others out there as well.

basically, you measure the condition and then use an if statement to colour the candles. You would use a for loop to do all the history as well.

Should be an easy mod for you.

Hi Flyer

Thanks for coming back to me.

I was looking for an indicator that made the actual bars on the chart change colour, rather than a histogram style version. Do you think this is possible?

Thanks



ab1

Yes the candles or bars on the chart can be made any colour based on any condition. I have attached the indicator that changes candle colour based on RSI value. Just mod the code for your condition.

Thanks Flyer

Would you be able to mod the file for me please.

How much would it cost ?

Thanks



Andy

Andy,

Sorry but I don't really program. I would be stealing your money if I charged you. I will PM you the name of a good programmer.