I need help with a Visual Candle Counting indicator, please.

May 11th, 2014, 12:57 PM

Visual Candle Counting Indicator:
(SMA's based on close price)

1)Start counting trade days once SMA 3 has crossed above SMA 10.
2) If SMA 3 is still above SMA 10 after 10 trade days show visual indicator above each candle (circle or triangle) that is 10+ until SMA 3 crosses below SMA 10.
3) once the SMA 3 has crossed back below SMA 10 visual indicator disappears.
4) Start counting trade days once SMA 3 has crossed below SMA 10.
5) If SMA 3 is still below SMA 10 after 10 trade days show visual indicator below each candle (circle or triangle) that is 10+ until SMA 3 crosses above SMA 10.

My purpose for this indicator is to show me when buying the stock after a break out would be chasing, in my opinion.

Any helpful info would be welcomed. -Charles

May 14th, 2014, 10:19 AM

here is how i can see it..

The signal will be shown as a color of bar....if sma3 is above sma10 for 10 bars and more then color of bars will be green.....and the red color for opposite condition

Code

                            
declare upper;
def sma3 = average(close,3);
def sma10 = average(close,10);
def countup = if sma3>sma10 then countup[1]+1 else 0;
def countdn = if sma3<sma10 then countdn[1]+1 else 0;
assignPriceColor(if countup >=10 then color.green else if countdn >= 10 then color.red else color.gray);

May 15th, 2014, 09:30 AM

growex

here is how i can see it..

The signal will be shown as a color of bar....if sma3 is above sma10 for 10 bars and more then color of bars will be green.....and the red color for opposite condition

Code

                            
declare upper;

def sma3 = average(close,3);

def sma10 = average(close,10);

def countup = if sma3>sma10 then countup[1]+1 else 0;

def countdn = if sma3<sma10 then countdn[1]+1 else 0;

assignPriceColor(if countup >=10 then color.green else if countdn >= 10 then color.red else color.gray);

This is what I was looking for thank you very much GROWEX.

I need help with a Visual Candle Counting indicator, please.

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I need help with a Visual Candle Counting indicator, please.