3 Candle signal Indicator

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    Posts
  • 10/13/2018 at 8:42 PM #82716 quote
    Forexcheckup
    Participant
    Average

    Hi
    Could I ask that you programme to use in Pro Real Code the following

    3 Candle signal Indicator

    To go LONG
    1. Body of the latest candle is greater than body of each of the 2 previous candles
    2. Previous candle must be bearish
    3. Close of latest candle is higher than close of the previous candle

    To go SHORT
    1. Body of the latest candle is greater than body of each of the 2 previous candles
    2. Previous candle must be bullish
    3. Close of latest candle is lower than close of the previous candle

    More info can be found via this link

    http://www.fxcodebase.com/code/viewtopic.php?f=17&t=1648&p=3284&hilit=3CS#p3284

    Many Thanks

    10/14/2018 at 2:11 AM #82724 quote
    robertogozzi
    Moderator
    Master

    This should do:

    DEFPARAM CalculateOnLastBars = 500
Offset  = 10 * pipsize
Body    = abs(close - open)
Bearish = open > close
Bullish = close > open
IF close > close[1] THEN
   IF Body > Body[1] AND Body > Body[2] THEN
      IF Bearish[1] THEN
         DRAWARROWUP(barindex,low - offset) coloured(0,255,0,255)
      ENDIF
   ENDIF
ELSIF close < close[1] THEN
   IF Body > Body[1] AND Body > Body[2] THEN
      IF Bullish[1] THEN
         DRAWARROWDOWN(barindex,high + offset) coloured(255,0,0,255)
      ENDIF
   ENDIF
ENDIF
RETURN
    10/14/2018 at 8:49 AM #82727 quote
    Forexcheckup
    Participant
    Average

    Morning

    Thank you ever so much

    Have a great day!

    10/14/2018 at 10:23 PM #82753 quote
    GraHal
    Participant
    Master

    Below an Auto-System based on the above code / strategy.

    Spread = 4 on attached results.

    Coded and tested improvements gratefully received.

    //https://www.prorealcode.com/topic/3-candle-signal-indicator/

DEFPARAM CUMULATEORDERS = False

Body    = abs(close - open)
Bearish = open > close
Bullish = close > open

IF  Bullish[1] and close < close[1] and Body > Body[1] AND Body > Body[2] THEN //Chandle[20](close) < 60 and > -70 < 60
Buy at high + 5 * pipsize stop
SET TARGET PPROFIT 160
SET STOP PLOSS 40
ENDIF

IF  Bearish[1] and close > close[1] and Body > Body[1] AND Body > Body[2] THEN //Chandle[20](close) < 40 and < 40 > -30
Sellshort at low - 10 * pipsize stop
SET TARGET PPROFIT 115
SET STOP PLOSS 45
ENDIF
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3 Candle signal Indicator


ProBuilder: Indicators & Custom Tools

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Forexcheckup @forexcheckup Participant
Summary

This topic contains 3 replies,
has 3 voices, and was last updated by GraHal
7 years, 4 months ago.

Topic Details
Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 10/13/2018
Status: Active
Attachments: 2 files
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