Hi, i use yuor indicator but it doesn´t follow the red line, it write this green line over and under the mittle of the Candle.

I try your sistem too but no order will sets. I try adding this also on my working sistem “c4 = open[i] – c3″ and it doesn´t work anymore.

I need a horizontal limit order for 5 bars.

It´s really hard to do.

Indicatore-mauri.png

Hi, I try to explain it better.

I write an indicator but i wanna do it for an automatic trading sistem also. If an expansion Candle >= 15 pips the indicator Write “—-” in the middle of the next Bar. If the low of the Opened candle after the Candle >= 15  is <= of the middle level where the indicator have write “—-” the indicator is Solved, else it must write “—-” again on the next Bar until the low of the new Opened candle after the Candle >= 15  is <= of the middle level where the indicator have write “—-” the first time. All of this ca be make up to 5 times, if the condition doesnt´t verified after 5 Bars it can be stopped and must wait another Bar >= 15

This is What i write… it work on a bullish bar and on a bearish bar.

n=1
c1 = ( close[n] - open[n] )
c2 = c1 >=x
c3 = c1/2
c4 = low <= open[n] + c3
IF c2 then
DRAWTEXT("----",barindex[n-1],open[n]+c3,Dialog,Bold,20) COLOURED(0,255,0,255)
endif
c12 = (open[n] - close[n])
c22 = c12 >=x
c32 = c12/2
IF c22 THEN
DRAWTEXT("----",barindex,open+c32,Dialog,Bold,20) COLOURED(0,255,0,255)
ENDIF
RETURN

I made 2 Picture. The automatic trading sistem doesn´t need to set an order stop because the price is always > of the middle of the expansive Bar >= 15 pips.

When the low of the Price go down to the writed “—-” that is an buy order limit, i go on market and doesn´t need placing another Limit Order.

I hope you have understand.

Thank you.

DAX-3-C1-after-1-bar.png DAX-3-C1-after-4-Bar.png

Now I write a new code and it work on the next 5 Bar.

For n=1 to 5 do
c1 = ( close[n] - open[n] )
next
c2 = c1 >=x
c3 = c1/2
c4 = low <= open[n] + c3
For y=1 to 5 do
IF c2 then
DRAWTEXT("----",barindex[y-1],open[4]-c3,Dialog,Bold,20) COLOURED(0,255,0,255)
endif
next
For m=1 to 5 do
c12 = (open[m] - close[m])
next
c22 = c12 >=x
c32 = c12/2
For z=1 to 5 do
IF c22 THEN
DRAWTEXT("----",barindex[z-1],open[4]+c32,Dialog,Bold,20) COLOURED(0,255,0,255)
ENDIF
next
RETURN

I´m not sure if work when the market is open and after a Candle >= 15 draw only one “—-” on my chart.

This condition c4 = low <= open[n] + c3 (showed in picture) i don´t know if I must do it whit break or another command. I need that if after [n] Bar ( [n]<5)  the low of the candle is <= at open[n] + c3 doesnt write “—” to barindex 5 but it stops itself.

Thank you again.

DAX-write-for-5-candle.png

Here you can see The line of the limit order.

DAX-Limit-order-Long-1.png