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MT4 Average Candle size of X candles

  • #21
  • Aug 30, 2016 6:17am Aug 30, 2016 6:17am
Attached Image


Dear cja,
as shown in the screen shot, there is a difference between the results of the average candle indicator and the atr across various timeframes, my understanding is the average candle would present what the atr presents but in a neat real estate saving format.

Whats your take?
  • #22
  • Apr 25, 2017 12:23pm Apr 25, 2017 12:23pm
Quoting Reh
Hi ,I am looking for an indicator like this also. It will give you the average candle length for the Traders input number of candles to average.. Any help would be appreciated. Thanks And no The Average True Range is not what I am looking for. :-)
Hello can anybody send me The link for Average Candle size (i im downloading it but it dont work)
I downloaded o lot of indicators they are working but just the Average Candle size dont work
  • #23
  • Feb 23, 2018 4:44am Feb 23, 2018 4:44am
Quoting cja
This can be loaded anywhere on the chart in any color font or size using the shift and text inputs. {image} {file}
Hello cja,

First of all, I want to thank you for your great help here at Forex Factory. Your ideas are very creative and efficient and support a trader in their daily work.
The icon Changer Profit Display and the Average Candle Indicator I find particularly successful and these have already saved me a lot of work.
I like to use the Average Candle Indicator in the 900/30/1 mode, as the movement of the market is recognizable at a glance.

Attached Image (click to enlarge)
Click to Enlarge Name: Folie1.PNG Size: 117 KB


Since you're the creative developer of this average candle indicator, is there a version that differentiates between bull and bearish candles? Depending on the setting, you would be able to identify trend reversals and pullbacks more quickly.

I have already looked at your website, but there did not find such an indicator.
Thank you again for your great work and I am pleased that you also help many traders.

I wish you a successful day.

best regards
Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #24
  • Apr 21, 2018 11:46pm Apr 21, 2018 11:46pm
Quoting cja
{quote} {image}
is there an indicator just like this one that will show average pip size according to Session?
  • #25
  • Apr 22, 2018 12:12am Apr 22, 2018 12:12am
Quoting bojack34
{quote} is there an indicator just like this one that will show average pip size according to Session?
This shows the sessions in boxes and gives a pip count of each session. Hope it helps.
Attached File(s)
File Type: mq4 Auto_Sessions_v_1.7.IBFX (5).mq4   9 KB | 918 downloads

Here is screen shot
Attached Image (click to enlarge)
Click to Enlarge Name: sess.jpg Size: 76 KB
  • #26
  • Apr 22, 2018 12:16am Apr 22, 2018 12:16am
Quoting cfudge
{quote} This shows the sessions in boxes and gives a pip count of each session. Hope it helps. {file}
i guess you could make it work by dividing the number of candles by the total pips moved for each session. I was looking for an indicator that would show me what the average Candle Size is for the London Session for any time frame I select. Basically looking for the exact same indicator that CJA posted but instead of "Candles to Average" I'm looking for each session. I hope that makes sense.....btw tyvm for the indicator
  • #27
  • Apr 22, 2018 12:20am Apr 22, 2018 12:20am
HAHA sorry missed the "average"
  • #28
  • Apr 22, 2018 1:09am Apr 22, 2018 1:09am
Quoting cja
This can be loaded anywhere on the chart in any color font or size using the shift and text inputs. {image} {file}
Would you be willing to give me the source code for this ea? or maybe add an input that would allow me to choose average candle size for session of our choice and the time frame of our choice? TY
  • #29
  • Nov 26, 2018 1:04pm Nov 26, 2018 1:04pm
Do we have a similar kind of indicator that gives the average of body of 20 candles instead of whole candle?
  • #30
  • Sep 3, 2020 7:20pm Sep 3, 2020 7:20pm
Quoting Bionics
{quote} Hello cja, First of all, I want to thank you for your great help here at Forex Factory. Your ideas are very creative and efficient and support a trader in their daily work. The icon Changer Profit Display and the Average Candle Indicator I find particularly successful and these have already saved me a lot of work. I like to use the Average Candle Indicator in the 900/30/1 mode, as the movement of the market is recognizable at a glance. {image} Since you're the creative developer of this average candle indicator, is there a version that differentiates...

Hello sir, care to explain how you get this one?? i try using indicator from cja, but its different from yours, it cant differentiate between bullish and bear candle, thank you for your help
  • #31
  • Sep 4, 2020 5:05am Sep 4, 2020 5:05am
Quoting shirotama
{quote} Hello sir, care to explain how you get this one?? i try using indicator from cja, but its different from yours, it cant differentiate between bullish and bear candle, thank you for your help
Hello shirotama,

the indicator I presented was just an idea that was intended as a further development. Maybe cja never read this message because it wasn't his blog. I myself only worked with the version that he kindly made available to all traders. Today I am less concerned with forex data as my focus is more on the algorithms of the big players in the futures market. Cja's ideas are exceptionally good and he is one of the best professional programmers at FF. Just have a look at his blog, there you will find really good information and help.

Kind regards Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #32
  • Sep 26, 2020 10:57am Sep 26, 2020 10:57am
Quoting Bionics
{quote} Hello shirotama, the indicator I presented was just an idea that was intended as a further development. Maybe cja never read this message because it wasn't his blog. I myself only worked with the version that he kindly made available to all traders. Today I am less concerned with forex data as my focus is more on the algorithms of the big players in the futures market. Cja's ideas are exceptionally good and he is one of the best professional programmers at FF. Just have a look at his blog, there you will find really good information and...
Bionics I have read some of your posts from your Equilibrium thread. One time you mentioned that big money does not buy lows or sell highs. Is this still true? You said that big money buys and sells after a high or a low. Is this also true? Does big money ever use market orders? and if so how do you find where it does. Thanks
  • #33
  • Oct 1, 2020 10:46am Oct 1, 2020 10:46am
Quoting Bionics
{quote} Hello cja, First of all, I want to thank you for your great help here at Forex Factory. Your ideas are very creative and efficient and support a trader in their daily work. The icon Changer Profit Display and the Average Candle Indicator I find particularly successful and these have already saved me a lot of work. I like to use the Average Candle Indicator in the 900/30/1 mode, as the movement of the market is recognizable at a glance. {image} Since you're the creative developer of this average candle indicator, is there a version that differentiates...
hi bionics , can you please share the indicator that changed the candle colors? of curse if its a free tool.

thanks!
  • #34
  • Oct 4, 2020 6:15am Oct 4, 2020 6:15am
Quoting Paymanz
{quote} hi bionics , can you please share the indicator that changed the candle colors? of curse if its a free tool. thanks!

Hello Paymanz,

You can find the indicator here:

Exercise on Equilibrium

Kind regards Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #35
  • Nov 20, 2020 7:46pm Nov 20, 2020 7:46pm
Quoting cja
{quote} {image}
Hi Cja

Wonder if it's possible to put one more option? average candle body open/close

Toppi
  • #36
  • Jul 25, 2022 8:18am Jul 25, 2022 8:18am
Quoting cja
This can be loaded anywhere on the chart in any color font or size using the shift and text inputs. {image} {file}
cja could you please share the mq4 please. Also this only includes the body of the candle right? i wanted to change to include the wick
  • #37
  • Last Post: Jul 27, 2022 1:06am Jul 27, 2022 1:06am
Quoting Polimini
{quote} cja could you please share the mq4 please. Also this only includes the body of the candle right? i wanted to change to include the wick
Updated to the latest MT4 build using High/Low for the average ( very early versions used Open/Close but will not work now due to MT4 updates ). To move around the chart double click on the text then drag it to any position and double click again to remove the highlighted outline.
Attached File(s)
File Type: ex4 Average Candle 2022.ex4   41 KB | 800 downloads
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