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Candle strength indicator

  • #1
  • First Post: Dec 11, 2009 8:08am Dec 11, 2009 8:08am
Does anybody know is there such a indicator that show candle strength? candle close - % of total candle size?

thank you in advance
  • #2
  • Dec 11, 2009 9:38pm Dec 11, 2009 9:38pm
Quoting sphinx
Does anybody know is there such a indicator that show candle strength? candle close - % of total candle size?

thank you in advance
Like this?
Attached File(s)
File Type: mq4 Candle strength.mq4   2 KB | 3,964 downloads
  • #3
  • Dec 12, 2009 5:31am Dec 12, 2009 5:31am
THANK YOU a LOT! this is exactly what ai have been looking for!!!!

Kind Regards
  • #4
  • Dec 14, 2009 1:04am Dec 14, 2009 1:04am
this morning when markets opened there is a bug a think.
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Click to Enlarge Name: untitled.GIF Size: 13 KB
  • #5
  • Dec 14, 2009 12:21pm Dec 14, 2009 12:21pm
Quoting sphinx
this morning when markets opened there is a bug a think.
Hmm, strange. Can't see anything that's obviously wrong in the code, and I haven't been able to reproduce the problem here, although of course my broker's timezone is probably different.

What happens if you change to a different timeframe, and then back again? This will refresh the indicator. Does it clear the problem?
  • #6
  • Dec 15, 2009 12:52am Dec 15, 2009 12:52am
yes, it solved then when jump to other timeframe. thank you again and a lot!
  • #7
  • Edited 8:27am Dec 15, 2009 2:21am | Edited 8:27am
Fixed division by zero error (careless, rushed programming; sorry) , please try attached
Attached File(s)
File Type: mq4 Candle strength.mq4   2 KB | 2,659 downloads
  • #8
  • Apr 21, 2015 10:49am Apr 21, 2015 10:49am
Hi Hanover. This is a kickass indicator. However, I'm still experiencing the problem sphinx had back in '09. The indicator works perfectly when I first load it, but after about 2 min, it's starts working incorrectly. Do you think it can be fixed? Thanks so much.
  • #9
  • Apr 21, 2015 11:51am Apr 21, 2015 11:51am
Quoting rran01
Hi Hanover. This is a kickass indicator. However, I'm still experiencing the problem sphinx had back in '09. The indicator works perfectly when I first load it, but after about 2 min, it's starts working incorrectly. Do you think it can be fixed? Thanks so much.
Try this version.
Attached File(s)
File Type: ex4 MathTrader7_CandleStrengthIN.ex4   37 KB | 2,301 downloads
Trading is the hardest way to make easy money...
  • #10
  • Apr 21, 2015 1:49pm Apr 21, 2015 1:49pm
Quoting rran01
Hi Hanover. This is a kickass indicator. However, I'm still experiencing the problem sphinx had back in '09. The indicator works perfectly when I first load it, but after about 2 min, it's starts working incorrectly. Do you think it can be fixed? Thanks so much.
I assume that MathTrader7 has fixed the bug, but I've attached the version in my archive, as it has a couple of extra settings. Gave it a quick test and it seems to work correctly.

RefreshPeriod: how often you want the plot to update. Valid entries:
T = every tick
+0 = current timeframe (must enter the + symbol), +1 = next higher timeframe, +2 = two TFs higher, etc; -1 = next shorter TF, etc
Or simply enter 'absolute' TF like M1, M15, H4, D1, etc
Attached File(s)
File Type: ex4 Candle strength.ex4   17 KB | 1,723 downloads
  • #11
  • Apr 21, 2015 2:22pm Apr 21, 2015 2:22pm
Quoting sphinx
Does anybody know is there such a indicator that show candle strength? candle close - % of total candle size? thank you in advance
Hey sphinx...I had this indicator made for me a few years back by Hayseed.. It gives the % close from the high/low of the candle.
Look out for candles that close above 75% of the range of the candle at points of turn..


Attached File(s)
File Type: ex4 ja.ex4   5 KB | 1,887 downloads
Memories caught in time but never forgotten
  • #12
  • Apr 21, 2015 5:36pm Apr 21, 2015 5:36pm
Hi Hanover. It works perfectly! Thank you so very much. We here at the forum truly appreciate you!
  • #13
  • Apr 22, 2015 10:58pm Apr 22, 2015 10:58pm
Hi Hanover. I have another favor to ask. Would it be too much to ask for an audible alert when the candle has reached it's max? Most of the time, visually I can tell. But every now and then, my eyes play tricks on me. An audible alert would help a lot. IF you don't mind doing it for me, whenever you have time will be fine. Regardless, I so appreciate you. Thanks!
  • #14
  • Apr 23, 2015 1:52am Apr 23, 2015 1:52am
Quoting rran01
Hi Hanover. I have another favor to ask. Would it be too much to ask for an audible alert when the candle has reached it's max? Most of the time, visually I can tell. But every now and then, my eyes play tricks on me. An audible alert would help a lot. IF you don't mind doing it for me, whenever you have time will be fine. Regardless, I so appreciate you. Thanks!
I'm sorry, but since the modified MT4 programming language was released in build 600, I haven’t familiarized myself with the changes (all of my current coding is compiled using build 509). Hence I'm unable to accept any programming or troubleshooting requests.
  • #15
  • Apr 23, 2015 7:25am Apr 23, 2015 7:25am
After I sent you that message, I saw where you showed how we could attempt it ourselves. Maybe I'll give it a shot . I admit though, I am a little intimidated. But I guess it's like that sometimes when trying something new. Thanks David. You're so helpful.
  • #16
  • Apr 28, 2015 9:15am Apr 28, 2015 9:15am
Hi David. I wanted to thank you again for sending me the candle strength indicator. I really like it, and find it extremely useful. I'm curious about the origins of this indicator, and how you came about it, or how you happen to have the idea to code such an indicator. I am amazed at how accurate it is, and would like to know more about it. I searched the internet, but couldn't find anything. I use it with multi timeframe stochastic to help forecast direction, or reversal. Did you ever use this indicator, and are there others out there with the same degree of accuracy? I have been only trading for 4 years and am very curious. Any information, help, or advice would be greatly appreciated. Thanks David! Ralph
  • #17
  • May 19, 2015 12:26pm May 19, 2015 12:26pm
Hi hanover. When you sent me this indicator, you mentioned that it had MTF function. I didn't see it in the inputs. Do you have one with MTF? If so, I would like to have it. Thanks David.
  • #18
  • Edited 2:57pm May 19, 2015 2:36pm | Edited 2:57pm
Quoting rran01
Hi hanover. When you sent me this indicator, you mentioned that it had MTF function. I didn't see it in the inputs. Do you have one with MTF? If so, I would like to have it. Thanks David.
Hi,

Sorry if I gave the impression that the RefreshPeriod parameter is a MTF facility. All it does is determine how often the indicator recalculates and re-plots. A lot of my earlier coding work was done by copying/pasting code from a master library, which means that some of the parameters/facilities that got left in the code are arguably redundant.

Quoting rran01
I really like it, and find it extremely useful. I'm curious about the origins of this indicator, and how you came about it, or how you happen to have the idea to code such an indicator. I am amazed at how accurate it is, and would like to know more about it...... Did you ever use this indicator, and are there others out there with the same degree of accuracy?
I'm glad that you find the indicator useful. I wrote more than 500 MT4 indicators, many of which were in response to ideas or requests from FF members, over a period of 6-7 years. I can't always remember why I wrote an indy or for whom. Post #2 suggests that Candle Strength was written for sphinx back in 2009. I don't recall ever using this indy myself.

David
______________________________

[EDIT] I've attached the .mq4 file. It probably won't compile on MT4 builds later than 509, hence I wouldn't attempt to install it into your Indicators folder. However, you might find a programmer who is generous enough to upgrade the code, and then add MTF and/or alerts facilities for you. The code libraries that it uses can be found in this thread (many thanks to pips4life for upgrading them).
Attached File(s)
File Type: mq4 Candle strength.mq4   3 KB | 1,387 downloads
  • #19
  • Sep 28, 2015 3:21am Sep 28, 2015 3:21am
Hi, i am a new member. Try this indicator, it showing the moving average of all time frames and i am also verifying this.
Thank you.
Attached File(s)
File Type: ex4 Strength_candles.ex4   256 KB | 1,707 downloads
File Type: tpl Strength Candles.tpl   152 KB | 1,202 downloads
  • #20
  • Jan 23, 2017 7:40pm Jan 23, 2017 7:40pm
Anyone have the lastest version of strength candle indicator
Can share for me ?
Thank you
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