MA of bullish candlesticks

robertogozzi · 2018-05-14T14:08:30+00:00

Is it possible to write an SMA that only operates un candles having a bullish body, while ignoring the other ones?

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05/14/2018 at 3:08 PM #70378 quote

robertogozzi
Moderator

Legend

Is it possible to write an SMA that only operates un candles having a bullish body, while ignoring the other ones?

05/14/2018 at 3:27 PM #70383 quote

Nicolas
Keymaster

Legend

Yes you can use the “non linear data serie SMA” I introduced in this code: Moving Average of Price Median (and other examples in the New Renko System thread).

Are you reinventing the RSI? 😉

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05/14/2018 at 6:48 PM #70418 quote

robertogozzi
Moderator

Legend

No, I was just wondering what crossings may happen creting two different MAS, one for Bullish candles and one for Bearish ones.

05/14/2018 at 9:46 PM #70433 quote

Nicolas
Keymaster

Legend

Well, that’s an idea! I think we could it easily with the examples I pointed. I will code it tomorrow.

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05/15/2018 at 8:55 PM #70533 quote

Nicolas
Keymaster

Legend

Sorry Roberto, I forgot to code your project today. Please remind me later! 😉

05/15/2018 at 9:42 PM #70540 quote

edfredfr
Participant

Junior

Nicolas please look at me picture . no more back data BAR !!

his-5.jpg

05/15/2018 at 10:29 PM #70553 quote

robertogozzi
Moderator

Legend

edfredfr wrote:

Nicolas please look at me picture . no more back data BAR !!

Please stick to the topic! Thank you.

05/16/2018 at 8:19 AM #70569 quote
Nicolas
Keymaster

Legend
Here is the code of what you are looking for, the moving average of bullish and bearish candlesticks:
```
priceMAperiod=20

countup=0
countdn=0
sumup=0
sumdn=0
lastup=0
lastdn=0
 
for i = 0 to barindex do
if close[i]<>lastup and close[i]>open[i] then
lastup=close[i]
countup=countup+1
priceup=lastup
sumup=sumup+priceup
endif
if countup=priceMAperiod then
break
//
endif
next
for i = 0 to barindex do
if close[i]<>lastdn and close[i]<open[i] then
lastdn=close[i]
countdn=countdn+1
pricedn=lastdn
sumdn=sumdn+pricedn
endif
if countdn=priceMAperiod then
break
//
endif

next
if lastup<>lastup[1] then
avgup = sumup/priceMAperiod
endif
if lastdn<>lastdn[1] then
avgdn = sumdn/priceMAperiod
endif


return avgup coloured(0,200,0), avgdn coloured(200,0,0)
```
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moving-average-of-bullish-and-bearish-candlesticks.png
05/16/2018 at 9:03 AM #70585 quote

robertogozzi
Moderator

Legend

Thank you very much Nicolas!
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