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Create a candle zone based on its HL

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Updated by selnomeria
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Create a candle zone based on its HL

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  #1 (permalink)
New York, NY
Experience: Advanced
Platform: OEC, TOS
Trading: ES, 6E, CL
Posts: 3 since Jul 2012
Thanks: 0 given, 0 received

I've been trying to create an indicator that would draw a candle zone based on its high and low (e.g. AddCloud, but not necessarily).
There would be a criteria to draw it only if such candle had the lowest volume in last X bars.
Ideally if such zone would end at the end of the session (or after specified by me time in options).

I will greatly appreciate if someone is willing to show me how to code it.
I coded some simple indicators, but I haven't figure this one out yet.


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  #2 (permalink)
Tbilisi + Georgia
Experience: None
Platform: ThinkScript,Tradestation
Trading: EUR/USD
Posts: 34 since Aug 2014
Thanks: 8 given, 18 received

wow,strange... here solution, i've decided to do what you're asking..

input Showplott =yes;
def OpenHappened = secondsTillTime(0900) <= 0;
def CloseHappened = secondsTillTime(1600) <= 0;
def marketOpen = OpenHappened and !CloseHappened;

def HighStart= if marketOpen and !marketOpen[1] and (!IsNan(High)) then high else HighStart[1] ;
def LowStart = if marketOpen and !marketOpen[1] and (!IsNan(Low)) then low else LowStart[1];

def MarketClosedReturned1= if (Showplott AND MarketOpen, HighStart, double.nan);
def MarketClosedReturned2= if (Showplott AND MarketOpen, Lowstart , double.nan);
AddCloud(MarketClosedReturned1, MarketClosedReturned2 , Color.white, Color.plum);

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May 15, 2015

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