5-pip bar indi required for system

Hi all

If you look at my profile you will see that I have posted numerous system to help us win in this battle with forex

Any thing I think is useful I always post for the benifit for others

Im working on what on the surface seems to be a very profitable system but need an indicator to highlight 1 stage of the set up...any outcome if successful will be posted for all here on FF

What is required

An Indicator that shows me when we have had 3 x consecutive 5 pips up bars

Hope some one out there can help me

cheers

Paulus

Hi Paulus - I just noticed your request and dont know if this might help for an "expert" to modify. I like it for its pop up alert and I guess you are already on side with the usefulness of wider ranged candles http://www.forexfactory.com/images/icons/icon12.gif

Regards

Islander

You can use constant range bar chart or a renko with range/ box size of 15 to do this - no indicator required. In fact, I think there is even a renko indicator on the forum.

Thanks for the Indi Islander... and Hope this will help Mr. Paulus here. Could be useful to detect a jumping or fallin candles.....Looking forward to see what Mr. Paulus will do with it...


NG

1. Do you mean 5 pips between consecutive closes; or between open and close of the same candle; or the candle range (high to low)?

2. What happens if the 3 candles span a time gap (across the weekend, for example)?

Hi thanks for replying

it would be on up bars

1st candle open to close => than 5 pips
2nd candle open to close => than 5 pips
3rd candle open to close => than 5 pips

sets ups have to occur Mon - Fri
Not Fri and monday

Thanks for your help on this

P

This is hopefully what you requested and some:

Parameters:

Bar.Settings="————————————————————————————————————";
Bar.Consecutive=3; // Nr of consecutive bars to indicate a trend
Bar.OpenCloseRange=5; // Minimum open close range of trend bars
Bar.ShowUpTrend=True; // Show up bar trend
Bar.ShowDownTrend=True; // Show down bar trend
Bar.ArrowPosition=1; // Position of the arrows relative to the open bar
Arrow.Settings="————————————————————————————————————";
Arrow.Type=0; // 0=Thin, 1=Thick, 2=Hollow, 3=Round
Arrow.Size=1; // Size of arrow (1-5)
Arrow.Offset=10; // Offset from end of candle to show arrow
Alert.Settings="————————————————————————————————————";
Alert.Popup=false; // Popup window & sound on alert
Alert.Email=false; // Send email on alert
Broker.Settings="————————————————————————————————————";
Broker.SymbolSuffix=""; // Suffix on symbols.
Broker.AutoDigit=true; // Automatically set the brokers digit size
Broker.FractionalDigit=0; // Nr of fractional digits for manual mode. 0=4 digit broker, 1=5 digit broker etc.

Paulus,

Try the attached.......

LookbackCandles = 500;
Number of historical candles for which symbols will be plotted

NumberOfPips = 5;
Minimum required pips between open and close

VertSpacing = 1;
How far above/below candles symbols will be plotted

SymbolUp = 241;
Wingding symbol code plotted, if 3 consecutive bullish candles occur

SymbolDown = 242;
Wingding symbol code plotted, if 3 consecutive bearish candles occur

SymbolSize = 2;
Size (1-5) of symbols to be plotted

SymbolColor = White;
Color of symbols to be plotted

AlertCandle = 1;
Candle currently being formed = #0
Most recently completed candle = #1
--- Set to 1 if you want the alert to trigger immediately a new candle #0 starts to form, and candles #1,#2,#3 meet the criteria
--- Set to 0 if you want the alert to trigger if candle #0, while being formed, causes candles #0,#1,#2 to meet the criteria

ChartAlert = true;
Set to TRUE if you want standard MT4 audio/visual alerts

EmailSubject = "";
Set to non-blank if you want e-mail alerts. This will be the e-mail subject text

RefreshEveryXMins = 1;
Set to 0 to have indy refresh with every new tick (probably only necessary if AlertCandle = 0)
Set to 1 to have indy refresh every time new M1 candle starts to form
Set to 5 to have indy refresh every time new M5 candle starts to form
Set to 15 to have indy refresh every time new M15 candle starts to form
Set to 30 to have indy refresh every time new M30 candle starts to form
Set to 60 to have indy refresh every time new H1 candle starts to form
Set to 240 to have indy refresh every time new H4 candle starts to form
Set to 1440 to have indy refresh every time new D1 candle starts to form

I haven't tested it exhaustively, but much of the code has been copied from others indys that apparently work 100%.

Good luck,
David

I appreciate you David!


cheers

[quote 1=5 digit broker etc.
[/quote]


many many thanks for all your help will now load and get to work

Regards

P

Hi All

Does any body know this indicator?? I think it's very useful for scalping.

http://i54.tinypic.com/2ajs7kz.jpg

or see here:
http://i54.tinypic.com/2ajs7kz.jpg
http://gentleman.gigfa.com/Unknown%20Indicator.JPG

hanover, can you edit a little so I can change how many consecutive candles before it sounds alert?

Thanks a lot for your indi.

Hi Xaphod..,

I'm attaching the image and the indi is set at
Bar.Consecutive=4
Bar.OpenCloseRange=0, but as you can see from the arrows it is not doing that.., .

I've explained what my request was on the image also.., please any help greatly appreciated.

regards,
paapi

Here you go...

Thanks, Islander for "CandleSizeAlert.mq4"
This is very Useful tool.
Specially for binary option.
Again Thanks