Big Body Candle

• 07/29/2020 at 3:50 AM #140351
  parthapersonal

  Hi,

  I am trying to identify the big body candle out of last 12 candles, but the code is returning “nil or none”. Any help would be much appreciated.

  Regards,

  Big Body Candle

  DEFPARAM CalculateOnLastBars = 1000 Bullish = close > open Bearish = close < open BigBody = HIGHEST[p](abs(close-open)) //BearishBigBody = HIGHEST[p]((open-close)) // // UP trend detection //Count1 = 0 i = 0 WHILE Count1 <= p AND i < BarIndex i = i + 1 IF Count1 = 0 THEN IF Bullish[i] THEN Count1 = 1 MyHigh = BullishBigBody[i] ENDIF ENDIF WEND d1=Bullish d2=BigBody UCond= d1 and d2 d3=Bearish DCond= d2 and d3 cond=0 if Ucond then cond=1 elsif Dcond then cond=-1 endif return cond as "BigBody"

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

  DEFPARAM CalculateOnLastBars = 1000 Bullish = close > open Bearish = close < open BigBody = HIGHEST[p](abs(close-open)) //BearishBigBody = HIGHEST[p]((open-close)) // // UP trend detection //Count1 = 0 i      = 0 WHILE Count1 <= p AND i < BarIndex i = i + 1 IF Count1 = 0 THEN IF Bullish[i] THEN Count1 = 1 MyHigh = BullishBigBody[i] ENDIF ENDIF WEND d1=Bullish d2=BigBody UCond= d1 and d2 d3=Bearish DCond= d2 and d3 cond=0 if Ucond then cond=1 elsif Dcond then cond=-1 endif return cond as "BigBody"

   

  

  parthapersonal

  Participant

  Topics: 10

  Replies: 71

  Been thanked: 3 times
  07/29/2020 at 3:51 AM #140352
  parthapersonal

  “p” is a variable having value as 12

  

  parthapersonal

  Participant

  Topics: 10

  Replies: 71

  Been thanked: 3 times
  07/29/2020 at 9:04 AM #140357
  robertogozzi

  Try replacing line 4 with:

  BigBody = abs(close - open) = HIGHEST[p](abs(close-open))

  1	BigBody = abs(close - open) = HIGHEST[p](abs(close-open))

   

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 16517

  Been thanked: 3663 times
  07/29/2020 at 12:56 PM #140367
  parthapersonal

  Many thanks Robert. It worked. Appreciate your fast and reliable response. Just a question, why there are 2 “=” signs in

  BigBody = abs(close – open) = HIGHEST[p](abs(close–open))

  

  parthapersonal

  Participant

  Topics: 10

  Replies: 71

  Been thanked: 3 times
  07/29/2020 at 1:50 PM #140375
  robertogozzi

  Because it first checks that the body is the highest one within the last p bars:

  abs(close – open) = HIGHEST[p](abs(close–open))

  1	abs(close – open) = HIGHEST[p](abs(close–open))

  then the boolean value returned (true or false) is assigned to variable BigBody.

   

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 16517

  Been thanked: 3663 times
  07/30/2020 at 2:38 PM #140472
  parthapersonal

  Many thanks Robert. However, when I created the boundary (Upper Line and Lower Line) of the BigBody and then tried to identify the Bounce from those lines based on the conditions as per enclosed PRT, it is missing the correct signals and generating false or Late signals somewhere else as shown in the enclosed chart. Can you please enlighten what is wrong here.

  Regards,

  BigBody-Line-Bounce

  DEFPARAM CalculateOnLastBars = 1000 Bullish = close > open Bearish = close < open BigBody = abs(close - open) = HIGHEST[p](abs(close-open)) d1=Bullish d2=BigBody UCond= d1 and d2 d3=Bearish DCond= d2 and d3 if Ucond then cond=1 elsif Dcond then cond=-1 endif // // Creating high and low lines for the "BIGBODY" if cond=1 then highline=high lowline=low elsif cond=-1 then highline=high lowline=low endif //Heikin-ashi if barindex>1 then hc=(open+close+low+high)/4 ho=(ho[1]+hc[1])/2 xHigh = Max(hO, hC) xLow = Min(hO, hC) hh = Max(High,xHigh) hl = Min(Low,xLow) endif // // BOUNCE Identification IF cond=-1 AND HH[1]>highline[1] AND HC<highline THEN OBS=-64 ELSIF cond=-1 AND HH>highline AND HC<highline THEN OBS=-64 ELSIF cond=1 AND HL[1]<lowline[1] AND HC>lowline THEN OBS=64 ELSIF cond=1 AND HL<lowline AND HC>lowline THEN OBS=64 ELSE OBS=0 ENDIF return OBS as "BigBody-Line-Bounce"

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50

  DEFPARAM CalculateOnLastBars = 1000 Bullish = close > open Bearish = close < open BigBody = abs(close - open) = HIGHEST[p](abs(close-open))   d1=Bullish d2=BigBody UCond= d1 and d2 d3=Bearish DCond= d2 and d3   if Ucond then cond=1 elsif Dcond then cond=-1 endif // // Creating high and low lines for the "BIGBODY" if cond=1 then highline=high lowline=low elsif cond=-1 then highline=high lowline=low endif   //Heikin-ashi if barindex>1 then hc=(open+close+low+high)/4 ho=(ho[1]+hc[1])/2 xHigh = Max(hO, hC) xLow = Min(hO, hC) hh = Max(High,xHigh) hl = Min(Low,xLow) endif // // BOUNCE Identification IF cond=-1 AND HH[1]>highline[1] AND HC<highline THEN OBS=-64 ELSIF cond=-1 AND HH>highline AND HC<highline THEN OBS=-64 ELSIF cond=1 AND HL[1]<lowline[1] AND HC>lowline THEN OBS=64 ELSIF cond=1 AND HL<lowline AND HC>lowline THEN OBS=64 ELSE OBS=0 ENDIF   return OBS as "BigBody-Line-Bounce"

   

  

  parthapersonal

  Participant

  Topics: 10

  Replies: 71

  Been thanked: 3 times
  07/30/2020 at 2:48 PM #140477
  robertogozzi

  What value is P?

  What date & time are those candlesticks?

   

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 16517

  Been thanked: 3663 times
  07/30/2020 at 11:40 PM #140525
  parthapersonal

  Sorry Robert, P is 15 and chart is of 5 min for GBPUSD as shown in the chart. Your help would be much appreciated.

  Regards,

  

  parthapersonal

  Participant

  Topics: 10

  Replies: 71

  Been thanked: 3 times
  07/30/2020 at 11:42 PM #140527
  parthapersonal

  Date was 30.07.2020

  

  parthapersonal

  Participant

  Topics: 10

  Replies: 71

  Been thanked: 3 times
  07/31/2020 at 1:57 PM #140555
  robertogozzi

  What TZ is it, compared tu UTC ?

   

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 16517

  Been thanked: 3663 times
  08/01/2020 at 11:37 AM #140598
  parthapersonal

  Hello Robert,

  Thank you for your response, however there is no “TZ” or “UTC” in the code. Where did you find them? I am again pasting the code for your reference.

  Regard

  BigBody- Line- Bounce

  DEFPARAM CalculateOnLastBars = 1000 Bullish = close > open Bearish = close < open BigBody = abs(close - open) = HIGHEST[p](abs(close-open)) d1=Bullish d2=BigBody UCond= d1 and d2 d3=Bearish DCond= d2 and d3 if Ucond then cond=1 elsif Dcond then cond=-1 endif // // Creating high and low lines for the "BIGBODY" if cond=1 then highline=high lowline=low elsif cond=-1 then highline=high lowline=low endif //Heikin-ashi if barindex>1 then hc=(open+close+low+high)/4 ho=(ho[1]+hc[1])/2 xHigh = Max(hO, hC) xLow = Min(hO, hC) hh = Max(High,xHigh) hl = Min(Low,xLow) endif // // BOUNCE Identification IF cond=-1 AND HH[1]>highline[1] AND HC<highline THEN OBS=-64 ELSIF cond=-1 AND HH>highline AND HC<highline THEN OBS=-64 ELSIF cond=1 AND HL[1]<lowline[1] AND HC>lowline THEN OBS=64 ELSIF cond=1 AND HL<lowline AND HC>lowline THEN OBS=64 ELSE OBS=0 ENDIF return OBS as "BigBody-Line-Bounce"

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50

  DEFPARAM CalculateOnLastBars = 1000 Bullish = close > open Bearish = close < open BigBody = abs(close - open) = HIGHEST[p](abs(close-open))   d1=Bullish d2=BigBody UCond= d1 and d2 d3=Bearish DCond= d2 and d3   if Ucond then cond=1 elsif Dcond then cond=-1 endif // // Creating high and low lines for the "BIGBODY" if cond=1 then highline=high lowline=low elsif cond=-1 then highline=high lowline=low endif   //Heikin-ashi if barindex>1 then hc=(open+close+low+high)/4 ho=(ho[1]+hc[1])/2 xHigh = Max(hO, hC) xLow = Min(hO, hC) hh = Max(High,xHigh) hl = Min(Low,xLow) endif // // BOUNCE Identification IF cond=-1 AND HH[1]>highline[1] AND HC<highline THEN OBS=-64 ELSIF cond=-1 AND HH>highline AND HC<highline THEN OBS=-64 ELSIF cond=1 AND HL[1]<lowline[1] AND HC>lowline THEN OBS=64 ELSIF cond=1 AND HL<lowline AND HC>lowline THEN OBS=64 ELSE OBS=0 ENDIF   return OBS as "BigBody-Line-Bounce"

   

  

  parthapersonal

  Participant

  Topics: 10

  Replies: 71

  Been thanked: 3 times
  08/01/2020 at 2:55 PM #140615
  robertogozzi

  It’s your TZ.

  Mine is UTC + 1 DST (currently Utc+2), so when I see a candle in your pic at 11am, what 11am is it? it is UTC+???

  Moreover, are you with IG?

   

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 16517

  Been thanked: 3663 times
  08/02/2020 at 9:51 AM #140642
  parthapersonal

  Sorry Robert, I thought you are asking about TZ and UTC as variable in the code.

  Our time zone (TZ) is UTC+ 10

  Yes, we are using PRT (v10.3 – 1.8.0-_202) from IG

  

  parthapersonal

  Participant

  Topics: 10

  Replies: 71

  Been thanked: 3 times
  08/03/2020 at 2:27 PM #140737
  robertogozzi

  I can’t see anything wrong with those candlesticks. If you think some of them are wrong (late or missing), please let me know, for each candle (use their time tag):

  • the value of that candle
  • the highest value calculated to compare them.

  Moreover:

  • you are mixing some computations on HA candles  (lines 38-44) and regular japanese candles (the rest of the code)
  • lines 19-25 show two dfferent conditions, but the value you assign to variables is the same for both.

  If you explain the details of waht you want to achieve I might be able to help you better.

   

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 16517

  Been thanked: 3663 times
  08/04/2020 at 1:08 PM #140859
  parthapersonal

  Hello Robert, thank you for your response. Appreciate. I am trying to do the following steps:

  1. Identify Big body bar

  2. Identify the high and low of the Big body bar to draw horizontal high line (HL) and low line (LL) on its high and low

  3. Identify whether the Big body bar is bullish or bearish

  4. Identify bounce Short opportunity: If bearish big body (B) and any heikin ashi bar (A)’s high, after the bearish big body (B), is higher than the high line (HL) (red line) and heikin ashi close (HC) of the same bar (A) is lower than high line (HL) then print OBS as -64

  5. Identify bounce Long opportunity: If bullish big body (BB) and any heikin ashi bar (AA)’s low, after the BB, is lower than the low line (LL) and heikin ashi close (HC) of the same bar (AA) is higher than low line (LL) then print OBS as 64

  Trust this help.

  The missed signal’s time stamps are as below:

  Symbol: GBPUSD mini

  Date: 30.07.2020

  Time: 11:05, 12:50, 13:55, 14:40, 15:40

  Regards,

   

   

  

  parthapersonal

  Participant

  Topics: 10

  Replies: 71

  Been thanked: 3 times
• Author
  Posts