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NEW way to display charts

  • #1
  • First Post: Jul 18, 2010 6:31am Jul 18, 2010 6:31am
HI,

I believe this is a new way to display bar charts could anyone help me either find what I’m looking for or if someone can code it I would really appreciate it.

Below is a diagram of what I’m thinking , the bar charts are re-arranged in a secondary window under the chart and they are displayed above and below a zero line if it was positive between open and close its displayed above the zero line and if it was negative its displayed below.

I’m not quite shore how to trade it yet but I was thinking of finding the optimum reversal or continuation size bar.
Attached Image (click to enlarge)
Click to Enlarge Name: new way to desplay forex.jpg Size: 29 KB
  • #2
  • Jul 20, 2010 4:52am Jul 20, 2010 4:52am
has no body see anything like it ?

anybody out there interested in making it ?
  • #3
  • Jul 20, 2010 8:08pm Jul 20, 2010 8:08pm
I found the attached indy in my archive. It doesn't show the wicks as separate from the candle bodies, however.
Attached File(s)
File Type: mq4 Candle length.mq4   3 KB | 1,176 downloads
  • #4
  • Jul 21, 2010 1:54am Jul 21, 2010 1:54am
Quoting hanover
I found the attached indy in my archive. It doesn't show the wicks as separate from the candle bodies, however.
thank you hanover,

its very interesting how it very similar certainly useful , if some one has one with the wicks separate please post it.
  • #5
  • Jul 23, 2010 1:12am Jul 23, 2010 1:12am
any one ?
  • #6
  • Jul 23, 2010 2:36am Jul 23, 2010 2:36am
here it is
Attached File(s)
File Type: ex4 DutchCandle.ex4   3 KB | 1,187 downloads
  • #7
  • Jul 23, 2010 9:00am Jul 23, 2010 9:00am
Quoting sangmane
here it is

Thats awsome , thanks again sangmane .
love the name Dutch candle .
  • #8
  • Jul 23, 2010 4:21pm Jul 23, 2010 4:21pm
Quoting Dutch_trader
I’m not quite shore how to trade it yet but I was thinking of finding the optimum reversal or continuation size bar.
The indicator shows, among other things, when price tends sharply on both sides of the zero line (and nothing else happening on either side of the tending on the chart area). Thus, it also finds patterns to draw significant TL's from. (1,2)

Thanks.
  • #9
  • Jul 24, 2010 1:47am Jul 24, 2010 1:47am
I haven’t completely figured out yet how to apply the entry and exit but here is my idea , the bars are increasing in size either bears or bulls and then there’s a sudden decrease showing weakness from the trend before prompting signs for a reversal.
I should point out that the image below is a perfect scenario and that would be easy to play but that does not happen all the time


I was also having trouble applying a moving average to the indicator as when I did it only applied it to the bulls and seemed to ignore the bulls…. If anyone can figure out how to add a MA to it please tell me.
Attached Image (click to enlarge)
Click to Enlarge Name: jma.gif Size: 8 KB
  • #10
  • Jul 24, 2010 3:18am Jul 24, 2010 3:18am
"my idea , the bars are increasing in size either bears or bulls and then there’s a sudden decrease showing weakness from the trend before prompting signs for a reversal"

The candlestick bars are also increasing in size and then a sudden decrease showing also weakness .....so you don't need an extra indicator to see that. It's easy to see reversals with candlestick reversal patterns (engulfing pattern, hammer and hanging man,...)

I don't understand why you need an indicator, which gives the same info.
Formations of candlestick bars will give you more information..

eTrader,
  • #11
  • Jul 24, 2010 3:58am Jul 24, 2010 3:58am
Quoting eTrader
"my idea , the bars are increasing in size either bears or bulls and then there’s a sudden decrease showing weakness from the trend before prompting signs for a reversal"

The candlestick bars are also increasing in size and then a sudden decrease showing also weakness .....so you don't need an extra indicator to see that. It's easy to see reversals with candlestick reversal patterns (engulfing pattern, hammer and hanging man,...)

[color=seagreen]I don't understand...
well for the example above its not necessary but some scenarios are more difficult to see , and if you have down bars in between the ups it gets a bit tricky , yes you could measure them and record it but this displays them in a easy to see way + i didn't only do it for this there are more ways it can be used.
  • #12
  • Jul 24, 2010 4:58am Jul 24, 2010 4:58am
it looks like more or less MACD histogram to me.
  • #13
  • Oct 24, 2011 4:52am Oct 24, 2011 4:52am
Dutch Candle shows direction for regular polygons (ellipse, triangle) when chart shows opposite direction:

Attached Image (click to enlarge)
Click to Enlarge Name: triangle, ascending -- dutch candle.gif Size: 22 KB


Attached Image (click to enlarge)
Click to Enlarge Name: triangle, ascending -- dutch candle 2.gif Size: 23 KB


Attached Image (click to enlarge)
Click to Enlarge Name: ellipse, ascending -- dutch candle.gif Size: 22 KB


Attached Image (click to enlarge)
Click to Enlarge Name: ellipse, ascending -- dutch candle 2.gif Size: 27 KB
  • #14
  • Feb 22, 2012 2:25pm Feb 22, 2012 2:25pm


hello

dutch trader & ha pattern

pls where can i find more info about dutch candles

logic signal patterns etc

tryed google but didnt get ....

thanks

regards
BROKENGLISH
  • #15
  • Last Post: Feb 26, 2012 8:59am Feb 26, 2012 8:59am
Try it with a 'Renko' chart!
So make sure it's an exciting one, 'cos it's the only one you get!
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