Sharp Price movement ralley/drop

segie · 2018-09-12T20:05:29+00:00

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

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09/12/2018 at 9:05 PM #80317 quote

segie
Participant

Senior

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

09/12/2018 at 11:22 PM #80324 quote

robertogozzi
Moderator

Legend

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.

09/13/2018 at 2:48 PM #80396 quote

segie
Participant

Senior

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

09/13/2018 at 6:20 PM #80409 quote
robertogozzi
Moderator

Legend
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)
```
09/13/2018 at 8:41 PM #80415 quote

segie
Participant

Senior

Works on myside as well. Thank you very much!
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