Conversion of "Average Price Bars"

rigel · 2020-06-20T13:19:04+00:00

Hi Nicolas Wonder if you could convert Average Price Bars from mq4. They are allegedly a better version of Heikin Ashi. Provide a better depiction of current market trend at a glance. Reveal periods of consolidation. Show market strength. Eliminate fluctuations of nominal price action. Removes the noise of price distortion of the underlying trend Thanks a lot Rigel

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06/20/2020 at 2:19 PM #136630 quote
rigel
Participant

Average
Hi Nicolas

Wonder if you could convert Average Price Bars from mq4. They are allegedly a better version of Heikin Ashi.
- Provide a better depiction of current market trend at a glance.
- Reveal periods of consolidation.
- Show market strength.
- Eliminate fluctuations of nominal price action.
- Removes the noise of price distortion of the underlying trend
Thanks a lot

Rigel

APB.mq4 average-price-bars.png
06/22/2020 at 10:46 AM #136739 quote
Nicolas
Keymaster

Legend
Here is the translated code for the Synergy Average Price Bars.
```
if barindex>1 then 
ld24 = (Open[0] + High[0] + Low[0] + Close[0]) / 4.0
ld24 = (ld24 + Close[0]) / 2.0
ld0 = (ld0[1] + (ld24[1])) / 2.0
ld8 = Max(High[0], Max(ld0, ld24))
ld16 = Min(Low[0], Min(ld0, ld24))
endif

drawcandle(ld0,max(ld8,ld16),min(ld8,ld16),ld24)

return
```
PLermite thanked this post

synergy-average-price-bars.png
06/22/2020 at 6:06 PM #136814 quote

rigel
Participant

Average

Thanks a lot Nicolas!
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