Sharp Price movement ralley/drop

• 09/12/2018 at 9:05 PM #80317
  segie

  Good day,

  Is there a way to create an indicator that identifies + alerts you when  there’s rapid price movements (ralley or drop),   occuring over a short space of time?  I’ve noticed this feature on another platform. Can it be applied to ProReal?

  Regards,

  Segie

   

   

  

  segie

  Participant

  Topics: 42

  Replies: 37

  Been thanked: 1 time
  09/12/2018 at 11:22 PM #80324
  robertogozzi

  I can make an indicator that signals what you ask for, but you have to tell me how you want to identify a sharp movement.

  As for alerts, indicators cannot alert, but you can manually set alerts from the platform on the indicator.

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 16517

  Been thanked: 3664 times
  09/13/2018 at 2:48 PM #80396
  segie

  We can look at:

  1.Forex e.g Within a  1 min timeframe we have a jump in price say  150 to 200 pips

  2.  Indi ces e.g. South Africa Top 40  Within a 5 min timeframe we have a jump of 150 to 250 points.

  3. If the indicator works with ticks as well, that would be great!

  Thank you,

  Segie

   

   

   

   

   

  

  segie

  Participant

  Topics: 42

  Replies: 37

  Been thanked: 1 time
  09/13/2018 at 6:20 PM #80409
  robertogozzi

  I tested it on DAX, both 5-minute and 10-tick TF (changing the number of pips, of cource):

  DEFPARAM CalculateOnLastBars = 1000 n = 20 * pipsize //20+ pips difference will be returned return close > (close[1] + n)

  1 2 3

  DEFPARAM CalculateOnLastBars = 1000 n = 20 * pipsize                     //20+ pips difference will be returned return close > (close[1] + n)

   

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 16517

  Been thanked: 3664 times
  09/13/2018 at 8:41 PM #80415
  segie

  Works on myside as well. Thank you very much!

   

   

  

  segie

  Participant

  Topics: 42

  Replies: 37

  Been thanked: 1 time
• Author
  Posts