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Boring Indicator


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Boring Indicator

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  #1 (permalink)
THE BRONX
 
Experience: Beginner
Platform: Ninjatrader
Trading: Emini es,gold ,stocks
 
Posts: 4 since Jun 2020
Thanks: 2 given, 0 received

Hi need help Making a Indicator
I need This Indicator to do the following :

BORING:

1 . Calculate The Body Of the Candle by doing (OPEN - CLOSE)
2 . Calculate The Range Of The Candle By doing (HIGH - LOW)
3 . Then The BODY should Be <= to 50% of The RANGE

EXCITING:
1 . Calculate The Body Of the Candle by doing (OPEN - CLOSE)
2 . Calculate The Range Of The Candle By doing (HIGH - LOW)
3 . Then The BODY should Be > Then 50% of The RANGE


Please Make 2 Plots For Enable And Disable Any Of the Option.
Thank You

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Legendary Pratik_4Clover
Mumbai, India
 
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Syedfahim12346 View Post
Hi need help Making a Indicator
I need This Indicator to do the following :

BORING:

1 . Calculate The Body Of the Candle by doing (OPEN - CLOSE)
2 . Calculate The Range Of The Candle By doing (HIGH - LOW)
3 . Then The BODY should Be <= to 50% of The RANGE

EXCITING:
1 . Calculate The Body Of the Candle by doing (OPEN - CLOSE)
2 . Calculate The Range Of The Candle By doing (HIGH - LOW)
3 . Then The BODY should Be > Then 50% of The RANGE


Please Make 2 Plots For Enable And Disable Any Of the Option.
Thank You

I'm neither owner or coder of this code but quick google gave me this, might help you

Quoting 
Code:

# Supply and Demand Candles

input Sensitivity = 1.5;
def Candle_Range = high - low;
def Body_Range = AbsValue(close - open);
def Bar_Lookback = 100;
def Volatility = atr(Bar_Lookback);
def Strength = Volatility * Sensitivity;
def Exciting = (Body_Range > Candle_Range* 0.6) and (Candle_Range >= Strength);
def Boring = Body_Range <= Candle_Range * 0.5;
assignPriceColor(if Exciting then Color.WHITE else if Boring then Color.Blue else Color.Current);


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Last Updated on October 12, 2020


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