Candle size indicator

August 14th, 2011, 07:20 AM

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

August 14th, 2011, 02:40 PM

PedroMAN

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.

August 14th, 2011, 04:02 PM

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

August 14th, 2011, 05:19 PM

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.

August 14th, 2011, 05:27 PM

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

Perfect job, I really appreciate your help.

Thanks,
Peter

Candle size indicator

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Candle size indicator