Request coding for candles high / low in trend
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Hang Seng’s original setup should explain the videos well.
My setup in short:
Long: EMA50 rises, stop buy order at the high of the lowest high of the last 5 RED candles.
Short: EMA50 goes down, stop sell short order at the low of the highest low of the last 5 GREEN candles.
Attached as a picture. Sorry for the quality. Created on the smartphone.
EurUsd short signals last week as a picture.
There you go:
Offset = average[100,0](range) Ema50 = Average[50,1](close) EmaUP = Ema50 > Ema50[1] EmaDN = Ema50 < Ema50[1] Bullish = close > open Bearish = close < open Bulls = 0 Bears = 0 hh = 9999999 ll = 0 FOR i = 0 TO BarIndex IF Bullish[i] AND (Bulls < 5) THEN Bulls = Bulls + 1 ll = max(ll,low[i]) ENDIF IF Bearish[i] AND (Bears < 5) THEN Bears = Bears + 1 hh = min(hh,high[i]) ENDIF IF (Bulls >= 5) AND (Bears >= 5) THEN Break ENDIF NEXT IF Bullish AND EmaUP THEN IF close CROSSES OVER ll THEN DrawArrowUP(BarIndex,low - Offset) coloured(0,128,0,150) ENDIF ENDIF IF Bearish AND EmaDN THEN IF close CROSSES UNDER hh THEN DrawArrowDOWN(BarIndex,high + Offset) coloured(255,0,0,255) ENDIF ENDIF RETURN hh coloured(255,0,0,255) style(line,2) AS "SHORT entry",ll coloured(0,128,0,140) style(line,2) AS "LONG entry"phoentzs thanked this post
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Topic Details
| Forum: | ProBuilder: Indicators & Custom Tools |
| Language: | English |
| Started: | 09/18/2021 |
| Status: | Active |
| Attachments: | 4 files |
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