This Same Candle Run Analysis Tool can be used to analyse runs of the same colour candle in any market and on any time frame. Runs of up to 12 candles of the same colour are analysed.
It calculates a simulated result as if you placed a long trade at the close of a run of the same coloured candles and then closed it one candle later. This can give us an idea what has the highest probability of happening next based on historical data. Although it can be used on any time frame shorter time frames will be slow to calculate and the results fairly meaningless due to the amount of market noise. I would advise using it on anything from yearly to 4 hour time frames.
If you run it on multiple time frames then you can have a fairly good analysis of what is most likely to happen next. For example maybe there has been five years up in a row and the results tells us that the market is more likely to have a down year after five up years. The quarterly results might be five up in a row and the results tell us that the next candle is more likely to be a down quarter. The monthly results show that we have had one down month so it is more likely that the next is an up month but the weekly is showing three weeks down in a row and there is a 60% chance next week will be a down week. So we might look at the overall picture and decide to avoid long trades right now on that market.
The setting ‘CountAll’ can be turned on and off. If ON then the results are calculated using every occurrence of a run. For example a run of three up candles is in fact three runs of one up candle, two runs of two up candles and one run of three up candles and all will be calculated in the results. If set to OFF then just the first occurrence is used – so a run of three up candles for example must be a down candle followed by three up candles.
A spread amount can also be input and is deducted from the results of each trade. Set to zero if you do not want to analyse with spread.
The results returned are:
Wins – the number of trades that would have resulted in profit.
Bets – the total number of bets placed.
% – the percentage of wins to trades.
Total – the balance of all position outcomes.
AveReturn – the average return of all trades.
If you want to know what would have happened if you had gone short then obviously short trades would have resulted in the direct opposite results. So a 60% win rate for long trades would be a 40% win rate if you had gone short and a return of +1255 for long trades would be a loss of 1255 for short trades.
I advise making the indicator window full size and zooming in to the last candles to make the results more readable. Sorry if the columns do not line up very well but this is due to the limitations of text in PRT indicators.
I also have a version Same Candle Run Analysis Graph that returns the Total in graph format and I recommend using it alongside this tool as it allows you to easily see which results have been consistent over time.
I advise you to download the .ITF file and import it rather than cut and paste the code to ensure that you get full functionality.
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//Same Candle Run Analysis Tool //Created by Vonasi //07-04-2018 IF CountAll = 1 THEN IF close > Open + Spread and close[1] < open[1] and close[2] < open[2] and close[3] < open[3] and close[4] < open[4] and close[5] < open[5] and close[6] < open[6] and close[7] < open[7] and close[8] < open[8] and close[9] < open[9] and close[10] < open[10] and close[11] < open[11] and close[12] < open[12] THEN Down12 = Down12 + 1 DownCount12 = DownCount12 + 1 Down12Total = Down12Total + (close - open) - Spread ENDIF IF close < open and close[1] < open[1] and close[2] < open[2] and close[3] < open[3] and close[4] < open[4] and close[5] < open[5] and close[6] < open[6] and close[7] < open[7] and close[8] < open[8] and close[9] < open[9] and close[10] < open[10] and close[11] < open[11] and close[12] < open[12] THEN DownCount12 = DownCount12 + 1 Down12Total = Down12Total + (close - open) - Spread ENDIF IF close > Open + Spread and close[1] < open[1] and close[2] < open[2] and close[3] < open[3] and close[4] < open[4] and close[5] < open[5] and close[6] < open[6] and close[7] < open[7] and close[8] < open[8] and close[9] < open[9] and close[10] < open[10] and close[11] < open[11] THEN Down11 = Down11 + 1 DownCount11 = DownCount11 + 1 Down11Total = Down11Total + (close - open) - Spread ENDIF IF close < open and close[1] < open[1] and close[2] < open[2] and close[3] < open[3] and close[4] < open[4] and close[5] < open[5] and close[6] < open[6] and close[7] < open[7] and close[8] < open[8] and close[9] < open[9] and close[10] < open[10] and close[11] < open[11] THEN DownCount11 = DownCount11 + 1 Down11Total = Down11Total + (close - open) - Spread ENDIF IF close > Open + Spread and close[1] < open[1] and close[2] < open[2] and close[3] < open[3] and close[4] < open[4] and close[5] < open[5] and close[6] < open[6] and close[7] < open[7] and close[8] < open[8] and close[9] < open[9] and close[10] < open[10] THEN Down10 = Down10 + 1 DownCount10 = DownCount10 + 1 Down10Total = Down10Total + (close - open) - Spread ENDIF IF close < open and close[1] < open[1] and close[2] < open[2] and close[3] < open[3] and close[4] < open[4] and close[5] < open[5] and close[6] < open[6] and close[7] < open[7] and close[8] < open[8] and close[9] < open[9] and close[10] < open[10] THEN DownCount10 = DownCount10 + 1 Down10Total = Down10Total + (close - open) - Spread ENDIF IF close > Open + Spread and close[1] < open[1] and close[2] < open[2] and close[3] < open[3] and close[4] < open[4] and close[5] < open[5] and close[6] < open[6] and close[7] < open[7] and close[8] < open[8] and close[9] < open[9] THEN Down9 = Down9 + 1 DownCount9 = DownCount9 + 1 Down9Total = Down9Total + (close - open) - Spread ENDIF IF close < open and close[1] < open[1] and close[2] < open[2] and close[3] < open[3] and close[4] < open[4] and close[5] < open[5] and close[6] < open[6] and close[7] < open[7] and close[8] < open[8] and close[9] < open[9]THEN DownCount9 = DownCount9 + 1 Down9Total = Down9Total + (close - open) - Spread ENDIF IF close > Open + Spread and close[1] < open[1] and close[2] < open[2] and close[3] < open[3] and close[4] < open[4] and close[5] < open[5] and close[6] < open[6] and close[7] < open[7] and close[8] < open[8] THEN Down8 = Down8 + 1 DownCount8 = DownCount8 + 1 Down8Total = Down8Total + (close - open) - Spread ENDIF IF close < open and close[1] < open[1] and close[2] < open[2] and close[3] < open[3] and close[4] < open[4] and close[5] < open[5] and close[6] < open[6] and close[7] < open[7] and close[8] < open[8] THEN DownCount8 = DownCount8 + 1 Down8Total = Down8Total + (close - open) - Spread ENDIF IF close > Open + Spread and close[1] < open[1] and close[2] < open[2] and close[3] < open[3] and close[4] < open[4] and close[5] < open[5] and close[6] < open[6] and close[7] < open[7] THEN Down7 = Down7 + 1 DownCount7 = DownCount7 + 1 Down7Total = Down7Total + (close - open) - Spread ENDIF IF close < open and close[1] < open[1] and close[2] < open[2] and close[3] < open[3] and close[4] < open[4] and close[5] < open[5] and close[6] < open[6] and close[7] < open[7] THEN DownCount7 = DownCount7 + 1 Down7Total = Down7Total + (close - open) - Spread ENDIF IF close > Open + Spread and close[1] < open[1] and close[2] < open[2] and close[3] < open[3] and close[4] < open[4] and close[5] < open[5] and close[6] < open[6] THEN Down6 = Down6 + 1 DownCount6 = DownCount6 + 1 Down6Total = Down6Total + (close - open) - Spread ENDIF IF close < open and close[1] < open[1] and close[2] < open[2] and close[3] < open[3] and close[4] < open[4] and close[5] < open[5] and close[6] < open[6] THEN DownCount6 = DownCount6 + 1 Down6Total = Down6Total + (close - open) - Spread ENDIF IF close > Open + Spread and close[1] < open[1] and close[2] < open[2] and close[3] < open[3] and close[4] < open[4] and close[5] < open[5] THEN Down5 = Down5 + 1 DownCount5 = DownCount5 + 1 Down5Total = Down5Total + (close - open) - Spread ENDIF IF close < open and close[1] < open[1] and close[2] < open[2] and close[3] < open[3] and close[4] < open[4] and close[5] < open[5] THEN DownCount5 = DownCount5 + 1 Down5Total = Down5Total + (close - open) - Spread ENDIF IF close > Open + Spread and close[1] < open[1] and close[2] < open[2] and close[3] < open[3] and close[4] < open[4] THEN Down4 = Down4 + 1 DownCount4 = DownCount4 + 1 Down4Total = Down4Total + (close - open) - Spread ENDIF IF close < open and close[1] < open[1] and close[2] < open[2] and close[3] < open[3] and close[4] < open[4] THEN DownCount4 = DownCount4 + 1 Down4Total = Down4Total + (close - open) - Spread ENDIF IF close > Open + Spread and close[1] < open[1] and close[2] < open[2] and close[3] < open[3] THEN Down3 = Down3 + 1 DownCount3 = DownCount3 + 1 Down3Total = Down3Total + (close - open) - Spread ENDIF IF close < open and close[1] < open[1] and close[2] < open[2] and close[3] < open[3] THEN DownCount3 = DownCount3 + 1 Down3Total = Down3Total + (close - open) - Spread ENDIF IF close > Open + Spread and close[1] < open[1] and close[2] < open[2] THEN Down2 = Down2 + 1 DownCount2 = DownCount2 + 1 Down2Total = Down2Total + (close - open) - Spread ENDIF IF close < open and close[1] < open[1] and close[2] < open[2] THEN DownCount2 = DownCount2 + 1 Down2Total = Down2Total + (close - open) - Spread ENDIF IF close > Open + Spread and close[1] < open[1] THEN Down1 = Down1 + 1 DownCount1 = DownCount1 + 1 Down1Total = Down1Total + (close - open) - Spread ENDIF IF close < open and close[1] < open[1] THEN DownCount1 = DownCount1 + 1 Down1Total = Down1Total + (close - open) - Spread ENDIF IF close > Open + Spread and close[1] > open[1] and close[2] > open[2] and close[3] > open[3] and close[4] > open[4] and close[5] > open[5] and close[6] > open[6] and close[7] > open[7] and close[8] > open[8] and close[9] > open[9] and close[10] > open[10] and close[11] > open[11] and close[12] > open[12] THEN Up12 = Up12 + 1 UpCount12 = UpCount12 + 1 Up12Total = Up12Total + (close - open) - Spread ENDIF IF close < open and close[1] > open[1] and close[2] > open[2] and close[3] > open[3] and close[4] > open[4] and close[5] > open[5] and close[6] > open[6] and close[7] > open[7] and close[8] > open[8] and close[9] > open[9] and close[10] > open[10] and close[11] > open[11] and close[12] > open[12] THEN UpCount12 = UpCount12 + 1 Up12Total = Up12Total + (close - open) - Spread ENDIF IF close > Open + Spread and close[1] > open[1] and close[2] > open[2] and close[3] > open[3] and close[4] > open[4] and close[5] > open[5] and close[6] > open[6] and close[7] > open[7] and close[8] > open[8] and close[9] > open[9] and close[10] > open[10] and close[11] > open[11] THEN Up11 = Up11 + 1 UpCount11 = UpCount11 + 1 Up11Total = Up11Total + (close - open) - Spread ENDIF IF close < open and close[1] > open[1] and close[2] > open[2] and close[3] > open[3] and close[4] > open[4] and close[5] > open[5] and close[6] > open[6] and close[7] > open[7] and close[8] > open[8] and close[9] > open[9] and close[10] > open[10] and close[11] > open[11] THEN UpCount11 = UpCount11 + 1 Up11Total = Up11Total + (close - open) - Spread ENDIF IF close > Open + Spread and close[1] > open[1] and close[2] > open[2] and close[3] > open[3] and close[4] > open[4] and close[5] > open[5] and close[6] > open[6] and close[7] > open[7] and close[8] > open[8] and close[9] > open[9] and close[10] > open[10] THEN Up10 = Up10 + 1 UpCount10 = UpCount10 + 1 Up10Total = Up10Total + (close - open) - Spread ENDIF IF close < open and close[1] > open[1] and close[2] > open[2] and close[3] > open[3] and close[4] > open[4] and close[5] > open[5] and close[6] > open[6] and close[7] > open[7] and close[8] > open[8] and close[9] > open[9] and close[10] > open[10] THEN UpCount10 = UpCount10 + 1 Up10Total = Up10Total + (close - open) - Spread ENDIF IF close > Open + Spread and close[1] > open[1] and close[2] > open[2] and close[3] > open[3] and close[4] > open[4] and close[5] > open[5] and close[6] > open[6] and close[7] > open[7] and close[8] > open[8] and close[9] > open[9] THEN Up9 = Up9 + 1 UpCount9 = UpCount9 + 1 Up9Total = Up9Total + (close - open) - Spread ENDIF IF close < open and close[1] > open[1] and close[2] > open[2] and close[3] > open[3] and close[4] > open[4] and close[5] > open[5] and close[6] > open[6] and close[7] > open[7] and close[8] > open[8] and close[9] > open[9] THEN UpCount9 = UpCount9 + 1 Up9Total = Up9Total + (close - open) - Spread ENDIF IF close > Open + Spread and close[1] > open[1] and close[2] > open[2] and close[3] > open[3] and close[4] > open[4] and close[5] > open[5] and close[6] > open[6] and close[7] > open[7] and close[8] > open[8] THEN Up8 = Up8 + 1 UpCount8 = UpCount8 + 1 Up8Total = Up8Total + (close - open) - Spread ENDIF IF close < open and close[1] > open[1] and close[2] > open[2] and close[3] > open[3] and close[4] > open[4] and close[5] > open[5] and close[6] > open[6] and close[7] > open[7] and close[8] > open[8] THEN UpCount8 = UpCount8 + 1 Up8Total = Up8Total + (close - open) - Spread ENDIF IF close > Open + Spread and close[1] > open[1] and close[2] > open[2] and close[3] > open[3] and close[4] > open[4] and close[5] > open[5] and close[6] > open[6] and close[7] > open[7] THEN Up7 = Up7 + 1 UpCount7 = UpCount7 + 1 Up7Total = Up7Total + (close - open) - Spread ENDIF IF close < open and close[1] > open[1] and close[2] > open[2] and close[3] > open[3] and close[4] > open[4] and close[5] > open[5] and close[6] > open[6] and close[7] > open[7] THEN UpCount7 = UpCount7 + 1 Up7Total = Up7Total + (close - open) - Spread ENDIF IF close > Open + Spread and close[1] > open[1] and close[2] > open[2] and close[3] > open[3] and close[4] > open[4] and close[5] > open[5] and close[6] > open[6] THEN Up6 = Up6 + 1 UpCount6 = UpCount6 + 1 Up6Total = Up6Total + (close - open) - Spread ENDIF IF close < open and close[1] > open[1] and close[2] > open[2] and close[3] > open[3] and close[4] > open[4] and close[5] > open[5] and close[6] > open[6] THEN UpCount6 = UpCount6 + 1 Up6Total = Up6Total + (close - open) - Spread ENDIF IF close > Open + Spread and close[1] > open[1] and close[2] > open[2] and close[3] > open[3] and close[4] > open[4] and close[5] > open[5] THEN Up5 = Up5 + 1 UpCount5 = UpCount5 + 1 Up5Total = Up5Total + (close - open) - Spread ENDIF IF close < open and close[1] > open[1] and close[2] > open[2] and close[3] > open[3] and close[4] > open[4] and close[5] > open[5] THEN UpCount5 = UpCount5 + 1 Up5Total = Up5Total + (close - open) - Spread ENDIF IF close > Open + Spread and close[1] > open[1] and close[2] > open[2] and close[3] > open[3] and close[4] > open[4] THEN Up4 = Up4 + 1 UpCount4 = UpCount4 + 1 Up4Total = Up4Total + (close - open) - Spread ENDIF IF close < open and close[1] > open[1] and close[2] > open[2] and close[3] > open[3] and close[4] > open[4] THEN UpCount4 = UpCount4 + 1 Up4Total = Up4Total + (close - open) - Spread ENDIF IF close > Open + Spread and close[1] > open[1] and close[2] > open[2] and close[3] > open[3] THEN Up3 = Up3 + 1 UpCount3 = UpCount3 + 1 Up3Total = Up3Total + (close - open) - Spread ENDIF IF close < open and close[1] > open[1] and close[2] > open[2] and close[3] > open[3] THEN UpCount3 = UpCount3 + 1 Up3Total = Up3Total + (close - open) - Spread ENDIF IF close > Open + Spread and close[1] > open[1] and close[2] > open[2] THEN Up2 = Up2 + 1 UpCount2 = UpCount2 + 1 Up2Total = Up2Total + (close - open) - Spread ENDIF IF close < open and close[1] > open[1] and close[2] > open[2] THEN UpCount2 = UpCount2 + 1 Up2Total = Up2Total + (close - open) - Spread ENDIF IF close > Open + Spread and close[1] > open[1] THEN Up1 = Up1 + 1 UpCount1 = UpCount1 + 1 Up1Total = Up1Total + (close - open) - Spread ENDIF IF close < open and close[1] > open[1] THEN UpCount1 = UpCount1 + 1 Up1Total = Up1Total + (close - open) - Spread ENDIF ENDIF IF CountAll <> 1 THEN IF close > Open + Spread and close[1] < open[1] and close[2] < open[2] and close[3] < open[3] and close[4] < open[4] and close[5] < open[5] and close[6] < open[6] and close[7] < open[7] and close[8] < open[8] and close[9] < open[9] and close[10] < open[10] and close[11] < open[11] and close[12] < open[12] and close[13] > open[13] THEN Down12 = Down12 + 1 DownCount12 = DownCount12 + 1 Down12Total = Down12Total + (close - open) - Spread ENDIF IF close < open and close[1] < open[1] and close[2] < open[2] and close[3] < open[3] and close[4] < open[4] and close[5] < open[5] and close[6] < open[6] and close[7] < open[7] and close[8] < open[8] and close[9] < open[9] and close[10] < open[10] and close[11] < open[11] and close[12] < open[12] and close[13] > open[13] THEN DownCount12 = DownCount12 + 1 Down12Total = Down12Total + (close - open) - Spread ENDIF IF close > Open + Spread and close[1] < open[1] and close[2] < open[2] and close[3] < open[3] and close[4] < open[4] and close[5] < open[5] and close[6] < open[6] and close[7] < open[7] and close[8] < open[8] and close[9] < open[9] and close[10] < open[10] and close[11] < open[11] and close[12] > open[12] THEN Down11 = Down11 + 1 DownCount11 = DownCount11 + 1 Down11Total = Down11Total + (close - open) - Spread ENDIF IF close < open and close[1] < open[1] and close[2] < open[2] and close[3] < open[3] and close[4] < open[4] and close[5] < open[5] and close[6] < open[6] and close[7] < open[7] and close[8] < open[8] and close[9] < open[9] and close[10] < open[10] and close[11] < open[11] and close[12] > open[12] THEN DownCount11 = DownCount11 + 1 Down11Total = Down11Total + (close - open) - Spread ENDIF IF close > Open + Spread and close[1] < open[1] and close[2] < open[2] and close[3] < open[3] and close[4] < open[4] and close[5] < open[5] and close[6] < open[6] and close[7] < open[7] and close[8] < open[8] and close[9] < open[9] and close[10] < open[10] and close[11] > open[11] THEN Down10 = Down10 + 1 DownCount10 = DownCount10 + 1 Down10Total = Down10Total + (close - open) - Spread ENDIF IF close < open and close[1] < open[1] and close[2] < open[2] and close[3] < open[3] and close[4] < open[4] and close[5] < open[5] and close[6] < open[6] and close[7] < open[7] and close[8] < open[8] and close[9] < open[9] and close[10] < open[10] and close[11] > open[11] THEN DownCount10 = DownCount10 + 1 Down10Total = Down10Total + (close - open) - Spread ENDIF IF close > Open + Spread and close[1] < open[1] and close[2] < open[2] and close[3] < open[3] and close[4] < open[4] and close[5] < open[5] and close[6] < open[6] and close[7] < open[7] and close[8] < open[8] and close[9] < open[9] and close[10] > open[10] THEN Down9 = Down9 + 1 DownCount9 = DownCount9 + 1 Down9Total = Down9Total + (close - open) - Spread ENDIF IF close < open and close[1] < open[1] and close[2] < open[2] and close[3] < open[3] and close[4] < open[4] and close[5] < open[5] and close[6] < open[6] and close[7] < open[7] and close[8] < open[8] and close[9] < open[9] and close[10] > open[10] THEN DownCount9 = DownCount9 + 1 Down9Total = Down9Total + (close - open) - Spread ENDIF IF close > Open + Spread and close[1] < open[1] and close[2] < open[2] and close[3] < open[3] and close[4] < open[4] and close[5] < open[5] and close[6] < open[6] and close[7] < open[7] and close[8] < open[8] and close[9] > open[9] THEN Down8 = Down8 + 1 DownCount8 = DownCount8 + 1 Down8Total = Down8Total + (close - open) - Spread ENDIF IF close < open and close[1] < open[1] and close[2] < open[2] and close[3] < open[3] and close[4] < open[4] and close[5] < open[5] and close[6] < open[6] and close[7] < open[7] and close[8] < open[8] and close[9] > open[9] THEN DownCount8 = DownCount8 + 1 Down8Total = Down8Total + (close - open) - Spread ENDIF IF close > Open + Spread and close[1] < open[1] and close[2] < open[2] and close[3] < open[3] and close[4] < open[4] and close[5] < open[5] and close[6] < open[6] and close[7] < open[7] and close[8] > open[8] THEN Down7 = Down7 + 1 DownCount7 = DownCount7 + 1 Down7Total = Down7Total + (close - open) - Spread ENDIF IF close < open and close[1] < open[1] and close[2] < open[2] and close[3] < open[3] and close[4] < open[4] and close[5] < open[5] and close[6] < open[6] and close[7] < open[7] and close[8] > open[8] THEN DownCount7 = DownCount7 + 1 Down7Total = Down7Total + (close - open) - Spread ENDIF IF close > Open + Spread and close[1] < open[1] and close[2] < open[2] and close[3] < open[3] and close[4] < open[4] and close[5] < open[5] and close[6] < open[6] and close[7] > open[7] THEN Down6 = Down6 + 1 DownCount6 = DownCount6 + 1 Down6Total = Down6Total + (close - open) - Spread ENDIF IF close < open and close[1] < open[1] and close[2] < open[2] and close[3] < open[3] and close[4] < open[4] and close[5] < open[5] and close[6] < open[6] and close[7] > open[7] THEN DownCount6 = DownCount6 + 1 Down6Total = Down6Total + (close - open) - Spread ENDIF IF close > Open + Spread and close[1] < open[1] and close[2] < open[2] and close[3] < open[3] and close[4] < open[4] and close[5] < open[5] and close[6] > open[6] THEN Down5 = Down5 + 1 DownCount5 = DownCount5 + 1 Down5Total = Down5Total + (close - open) - Spread ENDIF IF close < open and close[1] < open[1] and close[2] < open[2] and close[3] < open[3] and close[4] < open[4] and close[5] < open[5] and close[6] > open[6] THEN DownCount5 = DownCount5 + 1 Down5Total = Down5Total + (close - open) - Spread ENDIF IF close > Open + Spread and close[1] < open[1] and close[2] < open[2] and close[3] < open[3] and close[4] < open[4] and close[5] > open[5] THEN Down4 = Down4 + 1 DownCount4 = DownCount4 + 1 Down4Total = Down4Total + (close - open) - Spread ENDIF IF close < open and close[1] < open[1] and close[2] < open[2] and close[3] < open[3] and close[4] < open[4] and close[5] > open[5] THEN DownCount4 = DownCount4 + 1 Down4Total = Down4Total + (close - open) - Spread ENDIF IF close > Open + Spread and close[1] < open[1] and close[2] < open[2] and close[3] < open[3] and close[4] > open[4] THEN Down3 = Down3 + 1 DownCount3 = DownCount3 + 1 Down3Total = Down3Total + (close - open) - Spread ENDIF IF close < open and close[1] < open[1] and close[2] < open[2] and close[3] < open[3] and close[4] > open[4] THEN DownCount3 = DownCount3 + 1 Down3Total = Down3Total + (close - open) - Spread ENDIF IF close > Open + Spread and close[1] < open[1] and close[2] < open[2] and close[3] > open[3] THEN Down2 = Down2 + 1 DownCount2 = DownCount2 + 1 Down2Total = Down2Total + (close - open) - Spread ENDIF IF close < open and close[1] < open[1] and close[2] < open[2] and close[3] > open[3] THEN DownCount2 = DownCount2 + 1 Down2Total = Down2Total + (close - open) - Spread ENDIF IF close > Open + Spread and close[1] < open[1] and close[2] > open[2] THEN Down1 = Down1 + 1 DownCount1 = DownCount1 + 1 Down1Total = Down1Total + (close - open) - Spread ENDIF IF close < open and close[1] < open[1] and close[2] > open[2] THEN DownCount1 = DownCount1 + 1 Down1Total = Down1Total + (close - open) - Spread ENDIF IF close > Open + Spread and close[1] > open[1] and close[2] > open[2] and close[3] > open[3] and close[4] > open[4] and close[5] > open[5] and close[6] > open[6] and close[7] > open[7] and close[8] > open[8] and close[9] > open[9] and close[10] > open[10] and close[11] > open[11] and close[12] > open[12] and close[13] < open[13] THEN Up12 = Up12 + 1 UpCount12 = UpCount12 + 1 Up12Total = Up12Total + (close - open) - Spread ENDIF IF close < open and close[1] > open[1] and close[2] > open[2] and close[3] > open[3] and close[4] > open[4] and close[5] > open[5] and close[6] > open[6] and close[7] > open[7] and close[8] > open[8] and close[9] > open[9] and close[10] > open[10] and close[11] > open[11] and close[12] > open[12] and close[13] < open[13] THEN UpCount12 = UpCount12 + 1 Up12Total = Up12Total + (close - open) - Spread ENDIF IF close > Open + Spread and close[1] > open[1] and close[2] > open[2] and close[3] > open[3] and close[4] > open[4] and close[5] > open[5] and close[6] > open[6] and close[7] > open[7] and close[8] > open[8] and close[9] > open[9] and close[10] > open[10] and close[11] > open[11] and close[12] < open[12] THEN Up11 = Up11 + 1 UpCount11 = UpCount11 + 1 Up11Total = Up11Total + (close - open) - Spread ENDIF IF close < open and close[1] > open[1] and close[2] > open[2] and close[3] > open[3] and close[4] > open[4] and close[5] > open[5] and close[6] > open[6] and close[7] > open[7] and close[8] > open[8] and close[9] > open[9] and close[10] > open[10] and close[11] > open[11] and close[12] < open[12] THEN UpCount11 = UpCount11 + 1 Up11Total = Up11Total + (close - open) - Spread ENDIF IF close > Open + Spread and close[1] > open[1] and close[2] > open[2] and close[3] > open[3] and close[4] > open[4] and close[5] > open[5] and close[6] > open[6] and close[7] > open[7] and close[8] > open[8] and close[9] > open[9] and close[10] > open[10] and close[11] < open[11] THEN Up10 = Up10 + 1 UpCount10 = UpCount10 + 1 Up10Total = Up10Total + (close - open) - Spread ENDIF IF close < open and close[1] > open[1] and close[2] > open[2] and close[3] > open[3] and close[4] > open[4] and close[5] > open[5] and close[6] > open[6] and close[7] > open[7] and close[8] > open[8] and close[9] > open[9] and close[10] > open[10] and close[11] < open[11] THEN UpCount10 = UpCount10 + 1 Up10Total = Up10Total + (close - open) - Spread ENDIF IF close > Open + Spread and close[1] > open[1] and close[2] > open[2] and close[3] > open[3] and close[4] > open[4] and close[5] > open[5] and close[6] > open[6] and close[7] > open[7] and close[8] > open[8] and close[9] > open[9] and close[10] < open[10] THEN Up9 = Up9 + 1 UpCount9 = UpCount9 + 1 Up9Total = Up9Total + (close - open) - Spread ENDIF IF close < open and close[1] > open[1] and close[2] > open[2] and close[3] > open[3] and close[4] > open[4] and close[5] > open[5] and close[6] > open[6] and close[7] > open[7] and close[8] > open[8] and close[9] > open[9] and close[10] < open[10] THEN UpCount9 = UpCount9 + 1 Up9Total = Up9Total + (close - open) - Spread ENDIF IF close > Open + Spread and close[1] > open[1] and close[2] > open[2] and close[3] > open[3] and close[4] > open[4] and close[5] > open[5] and close[6] > open[6] and close[7] > open[7] and close[8] > open[8] and close[9] < open[9] THEN Up8 = Up8 + 1 UpCount8 = UpCount8 + 1 Up8Total = Up8Total + (close - open) - Spread ENDIF IF close < open and close[1] > open[1] and close[2] > open[2] and close[3] > open[3] and close[4] > open[4] and close[5] > open[5] and close[6] > open[6] and close[7] > open[7] and close[8] > open[8] and close[9] < open[9] THEN UpCount8 = UpCount8 + 1 Up8Total = Up8Total + (close - open) - Spread ENDIF IF close > Open + Spread and close[1] > open[1] and close[2] > open[2] and close[3] > open[3] and close[4] > open[4] and close[5] > open[5] and close[6] > open[6] and close[7] > open[7] and close[8] < open[8] THEN Up7 = Up7 + 1 UpCount7 = UpCount7 + 1 Up7Total = Up7Total + (close - open) - Spread ENDIF IF close < open and close[1] > open[1] and close[2] > open[2] and close[3] > open[3] and close[4] > open[4] and close[5] > open[5] and close[6] > open[6] and close[7] > open[7] and close[8] < open[8] THEN UpCount7 = UpCount7 + 1 Up7Total = Up7Total + (close - open) - Spread ENDIF IF close > Open + Spread and close[1] > open[1] and close[2] > open[2] and close[3] > open[3] and close[4] > open[4] and close[5] > open[5] and close[6] > open[6] and close[7] < open[7] THEN Up6 = Up6 + 1 UpCount6 = UpCount6 + 1 Up6Total = Up6Total + (close - open) - Spread ENDIF IF close < open and close[1] > open[1] and close[2] > open[2] and close[3] > open[3] and close[4] > open[4] and close[5] > open[5] and close[6] > open[6] and close[7] < open[7] THEN UpCount6 = UpCount6 + 1 Up6Total = Up6Total + (close - open) - Spread ENDIF IF close > Open + Spread and close[1] > open[1] and close[2] > open[2] and close[3] > open[3] and close[4] > open[4] and close[5] > open[5] and close[6] < open[6] THEN Up5 = Up5 + 1 UpCount5 = UpCount5 + 1 Up5Total = Up5Total + (close - open) - Spread ENDIF IF close < open and close[1] > open[1] and close[2] > open[2] and close[3] > open[3] and close[4] > open[4] and close[5] > open[5] and close[6] < open[6] THEN UpCount5 = UpCount5 + 1 Up5Total = Up5Total + (close - open) - Spread ENDIF IF close > Open + Spread and close[1] > open[1] and close[2] > open[2] and close[3] > open[3] and close[4] > open[4] and close[5] < open[5] THEN Up4 = Up4 + 1 UpCount4 = UpCount4 + 1 Up4Total = Up4Total + (close - open) - Spread ENDIF IF close < open and close[1] > open[1] and close[2] > open[2] and close[3] > open[3] and close[4] > open[4] and close[5] < open[5] THEN UpCount4 = UpCount4 + 1 Up4Total = Up4Total + (close - open) - Spread ENDIF IF close > Open + Spread and close[1] > open[1] and close[2] > open[2] and close[3] > open[3] and close[4] < open[4] THEN Up3 = Up3 + 1 UpCount3 = UpCount3 + 1 Up3Total = Up3Total + (close - open) - Spread ENDIF IF close < open and close[1] > open[1] and close[2] > open[2] and close[3] > open[3] and close[4] < open[4] THEN UpCount3 = UpCount3 + 1 Up3Total = Up3Total + (close - open) - Spread ENDIF IF close > Open + Spread and close[1] > open[1] and close[2] > open[2] and close[3] < open[3] THEN Up2 = Up2 + 1 UpCount2 = UpCount2 + 1 Up2Total = Up2Total + (close - open) - Spread ENDIF IF close < open and close[1] > open[1] and close[2] > open[2] and close[3] < open[3]THEN UpCount2 = UpCount2 + 1 Up2Total = Up2Total + (close - open) - Spread ENDIF IF close > Open + Spread and close[1] > open[1] and close[2] < open[2] THEN Up1 = Up1 + 1 UpCount1 = UpCount1 + 1 Up1Total = Up1Total + (close - open) - Spread ENDIF IF close < open and close[1] > open[1] and close[2] < open[2] THEN UpCount1 = UpCount1 + 1 Up1Total = Up1Total + (close - open) - Spread ENDIF ENDIF DownPerc12 = Round((Down12/DownCount12)*1000)/10 DownPerc11 = Round((Down11/DownCount11)*1000)/10 DownPerc10 = Round((Down10/DownCount10)*1000)/10 DownPerc9 = Round((Down9/DownCount9)*1000)/10 DownPerc8 = Round((Down8/DownCount8)*1000)/10 DownPerc7 = Round((Down7/DownCount7)*1000)/10 DownPerc6 = Round((Down6/DownCount6)*1000)/10 DownPerc5 = Round((Down5/DownCount5)*1000)/10 DownPerc4 = Round((Down4/DownCount4)*1000)/10 DownPerc3 = Round((Down3/DownCount3)*1000)/10 DownPerc2 = Round((Down2/DownCount2)*1000)/10 DownPerc1 = Round((Down1/DownCount1)*1000)/10 UpPerc12 = Round((Up12/UpCount12)*1000)/10 UpPerc11 = Round((Up11/UpCount11)*1000)/10 UpPerc10 = Round((Up10/UpCount10)*1000)/10 UpPerc9 = Round((Up9/UpCount9)*1000)/10 UpPerc8 = Round((Up8/UpCount8)*1000)/10 UpPerc7 = Round((Up7/UpCount7)*1000)/10 UpPerc6 = Round((Up6/UpCount6)*1000)/10 UpPerc5 = Round((Up5/UpCount5)*1000)/10 UpPerc4 = Round((Up4/UpCount4)*1000)/10 UpPerc3 = Round((Up3/UpCount3)*1000)/10 UpPerc2 = Round((Up2/UpCount2)*1000)/10 UpPerc1 = Round((Up1/UpCount1)*1000)/10 Down12AveRet = (Round((Down12Total / DownCount12)*100))/100 Down11AveRet = (Round((Down11Total / DownCount11)*100))/100 Down10AveRet = (Round((Down10Total / DownCount10)*100))/100 Down9AveRet = (Round((Down9Total / DownCount9)*100))/100 Down8AveRet = (Round((Down8Total / DownCount8)*100))/100 Down7AveRet = (Round((Down7Total / DownCount7)*100))/100 Down6AveRet = (Round((Down6Total / DownCount6)*100))/100 Down5AveRet = (Round((Down5Total / DownCount5)*100))/100 Down4AveRet = (Round((Down4Total / DownCount4)*100))/100 Down3AveRet = (Round((Down3Total / DownCount3)*100))/100 Down2AveRet = (Round((Down2Total / DownCount2)*100))/100 Down1AveRet = (Round((Down1Total / DownCount1)*100))/100 Up12AveRet = (Round((Up12Total / UpCount12)*100))/100 Up11AveRet = (Round((Up11Total / UpCount11)*100))/100 Up10AveRet = (Round((Up10Total / UpCount10)*100))/100 Up9AveRet = (Round((Up9Total / UpCount9)*100))/100 Up8AveRet = (Round((Up8Total / UpCount8)*100))/100 Up7AveRet = (Round((Up7Total / UpCount7)*100))/100 Up6AveRet = (Round((Up6Total / UpCount6)*100))/100 Up5AveRet = (Round((Up5Total / UpCount5)*100))/100 Up4AveRet = (Round((Up4Total / UpCount4)*100))/100 Up3AveRet = (Round((Up3Total / UpCount3)*100))/100 Up2AveRet = (Round((Up2Total / UpCount2)*100))/100 Up1AveRet = (Round((Up1Total / UpCount1)*100))/100 IF Down1AveRet > 0 THEN Down1R = 0 Down1G = 128 ELSE Down1R = 128 Down1G = 0 ENDIF IF Down2AveRet > 0 THEN Down2R = 0 Down2G = 128 ELSE Down2R = 128 Down2G = 0 ENDIF IF Down3AveRet > 0 THEN Down3R = 0 Down3G = 128 ELSE Down3R = 128 Down3G = 0 ENDIF IF Down4AveRet > 0 THEN Down4R = 0 Down4G = 128 ELSE Down4R = 128 Down4G = 0 ENDIF IF Down5AveRet > 0 THEN Down5R = 0 Down5G = 128 ELSE Down5R = 128 Down5G = 0 ENDIF IF Down6AveRet > 0 THEN Down6R = 0 Down6G = 128 ELSE Down6R = 128 Down6G = 0 ENDIF IF Down7AveRet > 0 THEN Down7R = 0 Down7G = 128 ELSE Down7R = 128 Down7G = 0 ENDIF IF Down8AveRet > 0 THEN Down8R = 0 Down8G = 128 ELSE Down8R = 128 Down8G = 0 ENDIF IF Down9AveRet > 0 THEN Down9R = 0 Down9G = 128 ELSE Down9R = 128 Down9G = 0 ENDIF IF Down10AveRet > 0 THEN Down10R = 0 Down10G = 128 ELSE Down10R = 128 Down10G = 0 ENDIF IF Down11AveRet > 0 THEN Down11R = 0 Down11G = 128 ELSE Down11R = 128 Down11G = 0 ENDIF IF Down12AveRet > 0 THEN Down12R = 0 Down12G = 128 ELSE Down12R = 128 Down12G = 0 ENDIF IF Up1AveRet > 0 THEN Up1R = 0 Up1G = 128 ELSE Up1R = 128 Up1G = 0 ENDIF IF Up2AveRet > 0 THEN Up2R = 0 Up2G = 128 ELSE Up2R = 128 Up2G = 0 ENDIF IF Up3AveRet > 0 THEN Up3R = 0 Up3G = 128 ELSE Up3R = 128 Up3G = 0 ENDIF IF Up4AveRet > 0 THEN Up4R = 0 Up4G = 128 ELSE Up4R = 128 Up4G = 0 ENDIF IF Up5AveRet > 0 THEN Up5R = 0 Up5G = 128 ELSE Up5R = 128 Up5G = 0 ENDIF IF Up6AveRet > 0 THEN Up6R = 0 Up6G = 128 ELSE Up6R = 128 Up6G = 0 ENDIF IF Up7AveRet > 0 THEN Up7R = 0 Up7G = 128 ELSE Up7R = 128 Up7G = 0 ENDIF IF Up8AveRet > 0 THEN Up8R = 0 Up8G = 128 ELSE Up8R = 128 Up8G = 0 ENDIF IF Up9AveRet > 0 THEN Up9R = 0 Up9G = 128 ELSE Up9R = 128 Up9G = 0 ENDIF IF Up10AveRet > 0 THEN Up10R = 0 Up10G = 128 ELSE Up10R = 128 Up10G = 0 ENDIF IF Up11AveRet > 0 THEN Up11R = 0 Up11G = 128 ELSE Up11R = 128 Up11G = 0 ENDIF IF Up12AveRet > 0 THEN Up12R = 0 Up12G = 128 ELSE Up12R = 128 Up12G = 0 ENDIF IF CountAll = 1 THEN DrawText(" LONG - Count All ON",barindex,14,SansSerif,Standard,10)coloured(0,0,255) ELSE DrawText(" LONG - Count All OFF",barindex,14,SansSerif,Standard,10)coloured(0,0,255) ENDIF DrawText(" Wins Bets % Total AveReturn",barindex,10,SansSerif,Standard,10)coloured(0,0,255) DrawText("12 Up #Up12# #UpCount12# #UpPerc12# #Up12Total# #Up12AveRet#",barindex,6,SansSerif,Standard,10)coloured(Up12R,Up12G,0) DrawText("11 Up #Up11# #UpCount11# #UpPerc11# #Up11Total# #Up11AveRet#",barindex,4,SansSerif,Standard,10)coloured(Up11R,Up11G,0) DrawText("10 Up #Up10# #UpCount10# #UpPerc10# #Up10Total# #Up10AveRet#",barindex,2,SansSerif,Standard,10)coloured(Up10R,Up10G,0) DrawText("9 Up #Up9# #UpCount9# #UpPerc9# #Up9Total# #Up9AveRet#",barindex,0,SansSerif,Standard,10)coloured(Up9R,Up9G,0) DrawText("8 Up #Up8# #UpCount8# #UpPerc8# #Up8Total# #Up8AveRet#",barindex,-2,SansSerif,Standard,10)coloured(Up8R,Up8G,0) DrawText("7 Up #Up7# #UpCount7# #UpPerc7# #Up7Total# #Up7AveRet#",barindex,-4,SansSerif,Standard,10)coloured(Up7R,Up7G,0) DrawText("6 Up #Up6# #UpCount6# #UpPerc6# #Up6Total# #Up6AveRet#",barindex,-6,SansSerif,Standard,10)coloured(Up6R,Up6G,0) DrawText("5 Up #Up5# #UpCount5# #UpPerc5# #Up5Total# #Up5AveRet#",barindex,-8,SansSerif,Standard,10)coloured(Up5R,Up5G,0) DrawText("4 Up #Up4# #UpCount4# #UpPerc4# #Up4Total# #Up4AveRet#",barindex,-10,SansSerif,Standard,10)coloured(Up4R,Up4G,0) DrawText("3 Up #Up3# #UpCount3# #UpPerc3# #Up3Total# #Up3AveRet#",barindex,-12,SansSerif,Standard,10)coloured(Up3R,Up3G,0) DrawText("2 Up #Up2# #UpCount2# #UpPerc2# #Up2Total# #Up2AveRet#",barindex,-14,SansSerif,Standard,10)coloured(Up2R,Up2G,0) DrawText("1 Up #Up1# #UpCount1# #UpPerc1# #Up1Total# #Up1AveRet#",barindex,-16,SansSerif,Standard,10)coloured(Up1R,Up1G,0) DrawText("1 Down #Down1# #DownCount1# #DownPerc1# #Down1Total# #Down1AveRet#",barindex,-20,SansSerif,Standard,10)coloured(Down1R,Down1G,0) DrawText("2 Down #Down2# #DownCount2# #DownPerc2# #Down2Total# #Down2AveRet#",barindex,-22,SansSerif,Standard,10)coloured(Down2R,Down2G,0) DrawText("3 Down #Down3# #DownCount3# #DownPerc3# #Down3Total# #Down3AveRet#",barindex,-24,SansSerif,Standard,10)coloured(Down3R,Down3G,0) DrawText("4 Down #Down4# #DownCount4# #DownPerc4# #Down4Total# #Down4AveRet#",barindex,-26,SansSerif,Standard,10)coloured(Down4R,Down4G,0) DrawText("5 Down #Down5# #DownCount5# #DownPerc5# #Down5Total# #Down5AveRet#",barindex,-28,SansSerif,Standard,10)coloured(Down5R,Down5G,0) DrawText("6 Down #Down6# #DownCount6# #DownPerc6# #Down6Total# #Down6AveRet#",barindex,-30,SansSerif,Standard,10)coloured(Down6R,Down6G,0) DrawText("7 Down #Down7# #DownCount7# #DownPerc7# #Down7Total# #Down7AveRet#",barindex,-32,SansSerif,Standard,10)coloured(Down7R,Down7G,0) DrawText("8 Down #Down8# #DownCount8# #DownPerc8# #Down8Total# #Down8AveRet#",barindex,-34,SansSerif,Standard,10)coloured(Down8R,Down8G,0) DrawText("9 Down #Down9# #DownCount9# #DownPerc9# #Down9Total# #Down9AveRet#",barindex,-36,SansSerif,Standard,10)coloured(Down9R,Down9G,0) DrawText("10 Down #Down10# #DownCount10# #DownPerc10# #Down10Total# #Down10AveRet#",barindex,-38,SansSerif,Standard,10)coloured(Down10R,Down10G,0) DrawText("11 Down #Down11# #DownCount11# #DownPerc11# #Down11Total# #Down11AveRet#",barindex,-40,SansSerif,Standard,10)coloured(Down11R,Down11G,0) DrawText("12 Down #Down12# #DownCount12# #DownPerc12# #Down12Total# #Down12AveRet#",barindex,-42,SansSerif,Standard,10)coloured(Down12R,Down12G,0) Hi2 = 16 Hi = 12 Lo = -44 Return Hi,Lo,Hi2 |
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I was talking to a Machine Learning coder today who’s algos have apparently managed to get 70% accuracy on predicting Bitcoin prices. It got me thinking about your Candle Run analysis. Then I thought of the Heikin Ashi charts (and Renko) that I’ve been looking at lately – both with Joseph Nemeth who uses HA entries and this Heikin Ashi Trend strength screener: https://www.prorealcode.com/prorealtime-market-screeners/heikin-ashi-trend/
(I can’t link using Safari as the page jumps around when hitting the link button)
I was wondering how easy would it be to convert this very interesting code you have to HA?
I mean can you added something like:
Close = Close = (Open+High+Low+Close)/4
Open = (Open + Close) / 2 ?
(Ps/ I also can’t add code using Safari and PRC Add PRT code)
Cheers!
Bard