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Indicator: Marubozu candles with 8-point range

tonb · 2023-10-13T19:34:36+00:00

Hello i am looking for an indicator with a high low range of 8 points with the additional conditions. Short candele: High-low max 1 point / Low-Close max 1 point Long Candele low-open max 1 point/ High-Close max 1 point The reason i want this as an indicator is that i want to trade on a small time frame with volume candels

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Indicator: Marubozu candles with 8-point range

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10/13/2023 at 8:34 PM #222406 quote

tonb
Participant

Junior

Hello i am looking for an indicator with a high low range of 8 points with the additional conditions.

Short candele: High-low max 1 point / Low-Close max 1 point

Long Candele low-open max 1 point/ High-Close max 1 point

The reason i want this as an indicator is that i want to trade on a small time frame with volume candels

10/14/2023 at 5:07 AM #222414 quote
robertogozzi
Moderator

Legend
There you go (not tested):
```
C1 = (range = 8*pipsize)
// Bearish candlestick
S1 = (High-Open <= 1*pipsize)
S2 = (Close-Low <= 1*pipsize)
S3 = close < open
SC = S1 and S2 and S3 and C1
// Bullish candlestick
L1 = (High-Close <= 1*pipsize)
L2 = (Open-Low <= 1*pipsize)
L3 = close > open
LC = L1 and L2 and L3 and C1
//
Return (SC or SL)
```
I have changed some of your expressions, as they seemed wrong.
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Indicator: Marubozu candles with 8-point range

ProBuilder: Indicators & Custom Tools

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tonb @tonbijl Participant

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This topic contains 1 reply,
has 2 voices, and was last updated by robertogozzi
2 years, 11 months ago.

Topic Details

Forum:	ProBuilder: Indicators & Custom Tools
Language:	English
Started:	10/13/2023
Status:	Active
Attachments:	No files

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Indicator: Marubozu candles with 8-point range

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Indicator: Marubozu candles with 8-point range ProBuilder: Indicators & Custom Tools

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Indicator: Marubozu candles with 8-point range

ProBuilder: Indicators & Custom Tools