Narrow Range Candle

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02/02/2022 at 4:29 PM #187369 quote

dkotecha1

Participant

New

Hi,

I am new to prorealtime, I just wanted to ask if there is an indicator that will highlight narrow range candles.

I would like to highlight NR4,7,21 candles. Any guidance would be appreciated.

Thanks

02/02/2022 at 5:41 PM #187377 quote

lashanta92

Participant

New

I’d never heard of that so I made it.

if barindex >= 23 then
i = 1
while (range[1] < range[1+i]) and i <= 21
i = i + 1
wend
if i = 4 then
DRAWTEXT("4", barindex[1], high[1]*1.0002) coloured("pink",192)
elsif i = 7 then
DRAWTEXT("7", barindex[1], high[1]*1.0002) coloured("pink",192)
elsif i = 21 then
DRAWTEXT("21", barindex[1], high[1]*1.0002) coloured("pink",192)
endif
endif

return

02/02/2022 at 6:48 PM #187390 quote

lashanta92

Participant

New

Rewrote nonsense point and add inside bar

i = 1
while (range[1] < range[1+i])
i = i + 1
wend
if i >= 4 and high[1] < high[2] and low[1] > low[2] then
DRAWTEXT("□", barindex[1], high[1]*1.0002,dialog,standard,18) coloured("pink",192)
endif
if i >= 21 then
DRAWTEXT("21", barindex[1], high[1]*1.0002) coloured("pink",192)
elsif i >= 7 then
DRAWTEXT("7", barindex[1], high[1]*1.0002) coloured("pink",192)
elsif i >= 4 then
DRAWTEXT("4", barindex[1], high[1]*1.0002) coloured("pink",192)
endif

return