2 bars consecutive..

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12/23/2022 at 1:11 PM #206231 quote

amitoverseas40
Participant

Junior

Hi There,

Please can someone create an indicator and a screener to display last 2 bars, consecutive, either bullish or bearish on a chart. It can be anywhere in last x number of bars…

Regards

12/23/2022 at 4:53 PM #206243 quote

JS
Participant

Veteran

Hi,

What kind of bullish and bearish bars were you thinking about?

(There are so many different…)

12/23/2022 at 9:24 PM #206248 quote

amitoverseas40
Participant

Junior

Bullish bar is when close is higher than previous, vice versa for bearish…

12/23/2022 at 9:38 PM #206250 quote

amitoverseas40
Participant

Junior

Sorry, should’ve mentioned, Bullish= close higher than previous open Bearish= close lower than previous open… Key is OPEN IN BOTH. 2 bars closing lower than previous open 2 bars closing higher than previous open. Must be consecutive though…

12/23/2022 at 10:20 PM #206251 quote
JS
Participant

Veteran
Hi @amitoverseas40 Here is the indicator… As bullish is now defined, the last bar can also be a bearish bar as long as the Close > Open[1]. The same goes for the bearish side… Regards Jaap
```
xBullish = Close > Open[1]
xBearish = Close < Open[1]

If Close > Open[1] and Close[1] > Open[2] then
TwoBarBullish = 1
Else
TwoBarBullish = 0
EndIf

If Close < Open[1] and Close[1] < Open[2] then
TwoBarBearish = -1
Else 
TwoBarBearish = 0
EndIf


Return TwoBarBullish as "TwoBarBullish" Coloured(0,255,0), TwoBarBearish as "TwoBarBearish" Coloured(255,0,0)
```
Schermafbeelding-2022-12-23-om-22.13.14.png
12/23/2022 at 10:45 PM #206256 quote

amitoverseas40
Participant

Junior

Hi JS, Thanks but it’s not exactly what I am looking for. See the attached, I need 2 bars consecutive anywhere on chart …..while I know that current bar will look at previous 2 BUT it can be anywhere so loop will be required I think..with absolute close rather than anything now I think of it..
cc.png

12/23/2022 at 10:53 PM #206258 quote

amitoverseas40
Participant

Junior

Much better in latest as I removed the wicks….
cc2.png cc3.png

12/23/2022 at 11:00 PM #206262 quote

JS
Participant

Veteran

Hi @amitoverseas40 This screenshot is exactly the same as the previous one only now in histogram style…
Schermafbeelding-2022-12-23-om-22.58.20.png

12/23/2022 at 11:09 PM #206264 quote

amitoverseas40
Participant

Junior

Hi JS, See attached now, either we are missing signals or getting false signals….This metthod works, just need to look adjustment in loop rather only looking for previous 2…
cc4.png

12/23/2022 at 11:16 PM #206266 quote
amitoverseas40
Participant

Junior
Questions marks highlight
1. missing signal.
2. false signal
3. missing signal..
cc5.png
12/23/2022 at 11:22 PM #206268 quote

JS
Participant

Veteran

Hi @amitoverseas40 There are no missing signals or false signals… 😉 The indicator shows how bullish and bearish are defined (two consecutive…) ”As bullish is now defined, the last bar can also be a bearish bar as long as the Close > Open[1]. The same goes for the bearish side…” If you don’t mean this, then the definition of bullish and bearish needs to be adjusted… 😉
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