myCandle V1.4

v10.3
myCandle V1.4

Info: Shows the range of previous candle, ATR 10 and EMA 20 of ATR10.

If ATR is greater than its average or Range greater then ATR  the text will be displayed in orange =Better moves.

And the ranges between intraday daily hgh – low and the range of last five days as (<> 123/123).

IntradayTrend: Close over Centerline (Intraday Range) displayed green Text “IDT over” and revers red Text “IDT under”. The idea is when the price is over the middle intraday range then we have at the moment intraday a Bulltrend and revers.

Daytrend: Close over yesterday high displayed green Text “DT over” and revers under yesterday low red Text “DT under”. The idea is when the price is over yesterday high then we have at the moment ia daily Bulltrend and revers under low.

Centerline: Show the middle of the range between Intraday high and low as a dotted line.

High/LowIntraday: Show the intraday highest high and lowest low as line. High as  line like a resist and low like a support. Or revers.

HighLow: Show the daily highest high and lowest low beginning on yesterday.

Arrows: Shows Arrows in green and red color. When the Price Trend (calculation in code) over EMA20 and OBV (On Balance Volume) over EMA10 and EMA20 displayed green Arrow and revers. Depends on “Trendforce” and / or “OBVforce” activation checkbox.

Trendforce: Trend strength is used to calculate the arrows. For this, “Arrows” must be also activated. Or also with “OBVforce”.

OBVforce: Volumen strength, based on OBV, is used to calculate the arrows. For this, “Arrows” must be also activated. Or also with “Trendforce”.

Example. You can deactivate for instrument whitout OBV/Volume Data. Forex, etc.

Periods10not20: Activated the calculation for Trendforce and OBVforce based on 10 period. Not actived 20 periods.

You can / should define the color zone yourself. One for course over / under Heikin Ashi Line and one for course over / under Centerline.
Of course you can show and hide everything as you like.

Update from https://www.prorealcode.com/prorealtime-indicators/mycandle-infos-v1-2/

I trade this in combination with Kombination mit myOutsidebar+Stop, myOpening Range…, MyThermometer

 

 

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Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

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