Indicator to count Bear/Bull candles | Forex Factory

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Indicator to count Bear/Bull candles

  • #1
  • First Post: Edited 9:35am Sep 11, 2014 9:20am | Edited 9:35am
Hello all,

I am looking for an indicator which can count number of bear/bull candles in specific period.

eg. Bear/Bear candle in past hour

Time Frame: 1M
Bull Candle : 25
Bear Candle : 35

It will be great if it can show numbers of Bear/Bear candles in MTF

Thanks and regards
  • #2
  • Apr 19, 2015 5:59pm Apr 19, 2015 5:59pm
Quoting 24hrs
Hello all, I am looking for an indicator which can count number of bear/bull candles in specific period. eg. Bear/Bear candle in past hour Time Frame: 1M Bull Candle : 25 Bear Candle : 35 It will be great if it can show numbers of Bear/Bear candles in MTF Thanks and regards
did u find it? lol
  • #3
  • Apr 20, 2015 2:21pm Apr 20, 2015 2:21pm
Quoting 24hrs
Hello all, I am looking for an indicator which can count number of bear/bull candles in specific period. eg. Bear/Bear candle in past hour Time Frame: 1M Bull Candle : 25 Bear Candle : 35 It will be great if it can show numbers of Bear/Bear candles in MTF Thanks and regards
How do you want to use such indicator in your trades?
Trading is the hardest way to make easy money...
  • #4
  • Apr 20, 2015 2:54pm Apr 20, 2015 2:54pm
i've always wanted the ability to distinguish bulls from bears also. seems only logical to me to have your indicators be able to function on only bulls or only bears. i bet you'd find numerous applications. can you have a moving average of only bull candles and compare to ma of only bears candles. such a simple idea. does it exist? can you make it? if i could code i'd make that for ya for sure. don't hold your breath though. its too good of an idea.
  • #5
  • Apr 20, 2015 10:27pm Apr 20, 2015 10:27pm
Quoting MathTrader7
{quote} How do you want to use such indicator in your trades?
I want to count the last 100 daily bars for see the Negative Correlation with other currencies.
  • #6
  • Last Post: Edited 9:34am Apr 21, 2015 5:22am | Edited 9:34am
Quoting Contrax
{quote} I want to count the last 100 daily bars for see the Negative Correlation with other currencies.
There are websites that you can use for calculating the correlation between currency pairs: See this one, for example. You can specify the number of periods (days in your case).
Trading is the hardest way to make easy money...
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