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Candle size indicator
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Created: by PedroMAN Attachments:1

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Candle size indicator

  #1 (permalink)
Elite Member
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Candle size indicator

Hello all!
I'm new here and I'll appreciate some help!

Looking for an indicator to alert me if a specific candle is going over a certain range also I am looking to plot this candle in different color.

For example: I am trading British Pound futures and if candle will be bigger than 10 ticks, it will plot it in different color.

Any ideas?

Thanks,
Peter


Last edited by PedroMAN; August 14th, 2011 at 04:51 PM.
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  #2 (permalink)
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PedroMAN View Post
Hello all!
I'm new here and I'll appreciate some help!

Looking for an indicator to alert me if a specific candle is going over a certain range also I am looking to plot this candle in different color.

For example: I am trading British Pound futures and if candle will be bigger than 10 points, it will plot it in different color.

Any ideas?

Thanks,
Peter


I doubt that you will ever see a candle for the British Pound futures that is bigger than 10 points. This would require a considerable increase in US government debt.

But if you look for a candle exceeding 10 ticks, it is easy to code. Just create an indicator an put this code or similar into OnBarUpdate()

 
Code
if  (High[0] - Low[0]  > 10 * TickSize)
           BarColor = Color.Orange;
You can then also add a sound alert.

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  #3 (permalink)
Elite Member
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Futures Experience: Beginner
Platform: NinjaTrader, Multicharts
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Posts: 7 since Apr 2010
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Hi, thank you for your answer.
I've meant ticks no points, sorry for that mistake.

I am no programmer and I do not know how to create an indicator ... Can you help me out to create it, pls...

Thanks,
Peter

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  #4 (permalink)
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This is not a fully fledged indicator, it is just meant to show how to code it. Have not serialized the colors, so it cannot be selected by the user via indicator dialogue. But of course you can change the colors in the code and save the changes.

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  #5 (permalink)
Elite Member
Manchester, England
 
Futures Experience: Beginner
Platform: NinjaTrader, Multicharts
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Favorite Futures: NQ,ES
 
Posts: 7 since Apr 2010
Thanks: 44 given, 1 received

Great job, thank you so much that's what I wanted to see.

Perfect job, I really appreciate your help.

Thanks,
Peter

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