Check for red or green candle before buying?

• 05/27/2016 at 6:25 PM #8248
  markouk

  Does anyone know if there is a code that checks the current or previous candle before allowing a buy short or long?

  

  markouk

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  05/27/2016 at 7:05 PM #8250
  markouk

  Might have answered my own question with this:

  IF close(1) < open THEN whatever……. (Signals that the current bar is trending upwards and is higher than the previous bar) OR

  IF close(1) > open THEN …..(Signals that the previous bar closed higher than the current bar open and thus the current bar is trending downwards).

  I think this logic is right…

  

  markouk

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  05/27/2016 at 9:57 PM #8257
  minmax

  Yes, you have it stated correctly, the indicator below also confirms other conditions, such as.. the quantity of green/red candles, how many pips their move is, does SuperTrend confirm the trend and what is the height of the bollinger band..

  res=0 // Detection of 3 green candles a1 = open < close and open[1] < close[1] and open[2] < close[2] a2 = high-low[2]>=5 a3 = SuperTrend[7,10]<(close) a4 = +3.0*STD[90](close) - -3.0*STD[90](close) >20 // Detection 3 red candles b1 = open > close and open[1] > close[1] and open[2] > close[2] b2 = high[2]-low>=5 b3 = SuperTrend[7,10]>(close) b4 = +3.0*STD[90](close) - -3.0*STD[90](close) >20 if a1 and a2 and a3 and a4 then res = 1 elsif b1 and b2 and b3 and b4 then res = -1 endif return res as "3up3down"

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  res=0   // Detection of 3 green candles a1 = open < close and open[1] < close[1] and open[2] < close[2] a2 = high-low[2]>=5 a3 = SuperTrend[7,10]<(close) a4 = +3.0*STD[90](close) - -3.0*STD[90](close) >20   // Detection 3 red candles b1 = open > close and open[1] > close[1] and open[2] > close[2] b2 = high[2]-low>=5 b3 = SuperTrend[7,10]>(close) b4 = +3.0*STD[90](close) - -3.0*STD[90](close) >20   if a1 and a2 and a3 and a4 then res = 1 elsif b1 and b2 and b3 and b4 then res = -1 endif   return res as "3up3down"

   

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  minmax

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