Rotation candle

• 08/25/2018 at 2:08 PM #79059
  Crillezz

  Hello!
  Can anyone help me with an indicator of a rotation candle.
  I want a green upp arrow at the bottom of a candlestick when
  Price opens above the previus midpoint
  price is above the previus midpoint and
  Price is above the current midpoint.

  And a red arrow down at the top of a candlestick when
  Price opens belov the previus midpoint
  price is promov the previus midpoint and
  price is belov the current midpoint.

  And a dot on the center of each candlestick, too

  

  Crillezz

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  08/25/2018 at 2:15 PM #79061
  GraHal

  Looks interesting and along the lines of an idea I had this morning, so I await developments with enthusiasm! 🙂

  Have I missed something?  What is the condition for the red dot??

  I can see it is at same level as the green dot in the previous candle … is that correct?

  Just trying to help whoever may be kind enough to code it for you! 🙂

  

  GraHal

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  08/25/2018 at 6:18 PM #79066
  Crillezz

  The red dot outside is not needed. It has no function.
  I do not have a working strategy for this indicator yet.
  If it goes, it would be useful if it says how many pips it was between the arrows. But only when they go from red to green and vice versa. When it flips.
  Hear is a link from which I got it. But probably will not use it like that.

  https://youtu.be/SNf_uqcZiL8

  

  Crillezz

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  08/27/2018 at 10:09 AM #79153
  Nicolas

  This simple code should do what needed:

  med = medianprice up = open>med[1] and close>med[1] and close>med dn = open<med[1] and close<med[1] and close<med atr = averagetruerange[10] if up then drawarrowup(barindex,low-atr) coloured(0,255,0) endif if dn then drawarrowdown(barindex,high+atr) coloured(255,0,0) endif return

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  med = medianprice up = open>med[1] and close>med[1] and close>med dn = open<med[1] and close<med[1] and close<med atr = averagetruerange[10]   if up then drawarrowup(barindex,low-atr) coloured(0,255,0) endif if dn then drawarrowdown(barindex,high+atr) coloured(255,0,0) endif   return

   

  3 users thanked author for this post.

  Crillezz, bolsatrilera, GraHal

  

  Nicolas

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