Looking for a 'big candle' indicator | Forex Factory

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Looking for a 'big candle' indicator

  • #1
  • First Post: Nov 15, 2011 2:45am Nov 15, 2011 2:45am
Hello fellow traders,

I am looking for a kind of alert that goes off as soon as an exceptionally big candle is formed on a chart. Maybe an indicator that calculates the average pip range of a number of preceding candles and pops up as soon as a candle exceeds this average by an adjustable amount of pips.

Is there something like this for MT4? I haven't found anything here on FF.

Thank you very much
Hans
Thanks J16, Sam Seiden, Udine and Jacko
  • #2
  • Edited 4:50am Nov 16, 2011 4:48am | Edited 4:50am
Hi there!
Another ff member kindly posted an indicator called the "Candle Identifier" here:
http://www.forexfactory.com/showthread.php?t=155529
Set KONG BARS to TRUE and set all others (Outside Bars, Inside Bars, Pin Bars, etc.) to FALSE. KONG BARS are the Big Candles you're referring to. Also, set 'chart alert' and/or 'e-mail alert' setting to TRUE.
Check it out. Really cool indicator.
Cheers.
  • #3
  • Nov 16, 2011 5:10am Nov 16, 2011 5:10am
Hey Doji Star,

thanks for the link. Unfortunately the guy who coded it has deleted the link. I can't find it anywhere on the web. Would you mind uploading/sending the indicator for me? I would really appreciate that.

Kind regards
Hans
Thanks J16, Sam Seiden, Udine and Jacko
  • #4
  • Edited 5:40am Nov 16, 2011 5:29am | Edited 5:40am
No probs! Here it is. I've also uploaded an indy I think you'd find useful as well. It's also created by ff member Hanover. What a great guy that Hanover!! It's a 'candle length indicator' that gives you the length of the candle's body in pips (with or without the 'wicks').
Hope it helps.
Attached File(s)
File Type: ex4 Candle Identifier.ex4   43 KB | 4,627 downloads
File Type: ex4 Candle length hanover.ex4   3 KB | 4,368 downloads
  • #5
  • Nov 16, 2011 5:40am Nov 16, 2011 5:40am
Quoting Doji Star
No probs! Here it is. I've also uploaded an indy I think you'd find useful as well. It's also created by ff member Hanover. What a great guy that Hanover!! It's a 'candle length indicator' that gives you the length of the candle's body in pips (with or without the 'wicks').
Hope it helps.
Wow, you really made my day. Thanks a lot!
Thanks J16, Sam Seiden, Udine and Jacko
  • #6
  • May 24, 2016 1:45am May 24, 2016 1:45am
Sorry HanSolo, how do you define "Big Candle" ? Hope you don't mind to upload pictures for better understanding. Thanks, Chin
  • #7
  • Edited 4:17pm Jul 18, 2016 10:09am | Edited 4:17pm
Quoting chimoong
Sorry HanSolo, how do you define "Big Candle" ? Hope you don't mind to upload pictures for better understanding. Thanks, Chin
Together we can be strongest
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  • #8
  • Jul 18, 2016 10:13am Jul 18, 2016 10:13am
Quoting palpite
{quote} {file}
Thanks Pal
  • #9
  • Edited 5:45am Jul 21, 2016 5:22am | Edited 5:45am
Quoting palpite
{quote}
This is an indicator to compute overall pips and $ value. Thanks
  • #10
  • Dec 27, 2016 2:42am Dec 27, 2016 2:42am
Please have alook here:
http://www.forexfactory.com/showthread.php?t=626174
  • #11
  • Last Post: Jun 4, 2018 8:26pm Jun 4, 2018 8:26pm
Is it possible to add an alert to that candle length hanover.ex4?
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