is there an indicator for a double low bar

Hi, is there an indicator for a Double low bar with the second bar closing higher then the first bars open.

All i want is somthing that would put a square around the pair but the 2nd bar MUST close higher than the high of the 1st bar
thank you inadvance

Yeah, I could probably make something like this later today or tonight.

You just need to be a bit more specific about what your definition of a double low is?

Must the 2 lows be exactly equal or should there be an allowance for a difference. Also double low relative to what? How far back? Should it be a swing low or the low of the last 24 hours, etc, etc.

Should it work in reverse and look for a double high too?

The more info you can provide, the better.

the 2 bars can have 3-5 pip difference

And if you could make it in reverse and look for a double high again the second bar having a lowere close then the original bar.

the double low or high can be any were in the swing so no relevance on the swing as long as 2nd bars close is higher than the 1st bars high.

To work on all time frames

I just want to try and keep it very simple

Here you go,

Places a little rectangle above or below the double top or bottom where the close of the last bar is higher than the High of the previous bar(for a bottom) and lower than the previous bars' Low for a top.

Hi mate

I cant seem to get it to work charts show nothing I tried to change the tollerace to 5 but still no rectangle.

I have placed the file in experts/indicators

Hi gio.gee,

Think of the indicator as a "here and now" indicator......so it is not programmed to go through the past history on the chart like a MA for example.

If you want to see it in action then use the EA attached to this post. It is an empty EA that does nothing, but it will allow you to run the tester in visual mode.

Once you are running the backtest in visual mode, drag the Double_Trouble indicator onto the visual test chart and you will be able to see it in action.

Hello Kenny Hubbard,

could you be kind enough to just add another feature to this indicator?
In additional to the alert being sent on the close of the second candle, I would like to have also an additional first alert triggered at the moment when the second candle crosses the high or low of the first candle.

Thanks in advance

Hi there,

Sure, I'll work on that. I have done most of it but I am battling to test it. I have just discovered that when visually backtesting an indicator, it uses the Ask and Bid from the marketwatch window and not from the history file.

I have to wait for the markets to open before I can complete testing, so you will probably only have this late tommorrow night, as I am away in between.

thank you very much for your help. I used the back tester and it worked

I just wanted to ask how much more work would have to go into this, if it could be programmed to go back in history and just put a line or a square like it does know but on all the matching criteria candles.

Here you go,

It appears that I had no idea how to write an indicator, so I have spent a bit of time getting to grips with them.

gio.gee,

The indicator now places the rectangle above all the bars in the chart that meet the criteria.

highway,

I have coded in the alert when the second candle exceeds the high or low of the previous. I can't backtest this unfortunately, so you must just run with it and report any misbehaviour here.

hey kenny.... ran it thru the backtester and it appears to alert and place the rectangles at appropriate locations......h


//---- it's not my habit to remark about someones coding style, unless it's particularly good ....... for a second time now yours has caught my eye..... ...... h

hayseed,

Thank you for your kind words.......always nice to hear.

Thanks Kennyhubbard.

Greatly appreciate your spirit that is giving a free hand to us all.

My admiration,
Highway