3 Candle signal Indicator

• 10/13/2018 at 8:42 PM #82716
  Forexcheckup

  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

  

  Forexcheckup

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

  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

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  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

   

  

  robertogozzi

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  10/14/2018 at 8:49 AM #82727
  Forexcheckup

  Morning

  Thank you ever so much

  Have a great day!

  

  Forexcheckup

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  10/14/2018 at 10:23 PM #82753
  GraHal

  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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  //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

   

   

  

  GraHal

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