This indicator is a further development the 3D Candlesticks indicator that can be found here:
https://www.prorealcode.com/prorealtime-indicators/3d-candle/
This version allows you to combine any combination of the five indicators and coloured candles are created based on the average of all selected indicator results. The original version only allowed one indicator to be selected at a time.
The five indicators that colours can be based on are:
- COMMODITY CHANNEL INDEX
- RSI
- STOCHASTIC
- CYCLE
- DIRECTIONAL INDEX
Also in this version it is possible to create a coloured line graph of the result instead of coloured candles. Tick or untick ‘candles’ to change the indicator output type.
I have removed the transparency adjustment as I think it is better to apply the indicator as a separate indicator rather than over the price chart.
Thanks to Ale for the original concept and for some of his original code that I have reused in this new version.
As always I advise downloading the ITF file and importing it to get full functionality.
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//5D Candles and Line //By Vonasi (Thanks to Ale for the original 3D indicator that this is based on) //20191009 //Candles =0 // 1 = candles 0 = line chart //once CandleCci =1 // COMMODITY CHANNEL INDEX //once CandleRsi =1 // RSI //once CandleStochastic =1 // STOCASTIC //once CandleCycle =1 // CYCLE //once CandleDI =1 // DIRECTIONAL //once CciPeriod =20 //once RsiPeriod =14 //once N =14 //once K =3 //once DiPeriod =14 r1 = 0 r02 = 0 r3 = 0 r4 = 0 r5 = 0 g1 = 0 g2 = 0 g3 = 0 g4 = 0 g5 = 0 count = 0 if candlecci then MyCci = Cci[max(1,CciPeriod)](customclose) R1 = (200-MyCci) G1 = (200+MyCci) count = count + 1 endif if candlersi then MyRsi = RSI[max(1,RsiPeriod)](customclose) R02 =50+(200-(MyRsi-50)*12) G2 = 50+(200+(MyRsi-50)*12) count = count + 1 endif if candlestochastic then MyStoch = Stochastic[max(1,N),max(1,K)](customclose) R3 = 50+(200-(MyStoch-50)*6) G3 = 50+(200+(MyStoch-50)*6) count = count + 1 endif if candlecycle then MyCycle = Cycle(customclose) R4 = (200-MyCycle*10) G4 = (200+MyCycle*10) count = count + 1 endif if candledi then MyDi = DI[max(1,DiPeriod)](customclose) R5 = 50+(200-MyDi*10) G5 = 50+(200+MyDi*10) count = count + 1 endif if count = 0 then c = 0 else r = (r1 + r02 + r3 + r4 + r5)/count g = (g1 + g2 + g3 + g4 + g5)/count c = 255 endif if candles then DRAWCANDLE(open, high, low, close) Coloured (R,G,0) result = undefined zero = undefined else result = g - r zero = 0 endif Return result coloured(r,g,0,c) style(line,2) as "Result", zero as "0" |
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Filename : download the ITF files
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Thank you very much.
as always your indicators are extremely effective.
kind regards Vonasi.
Hi,
it looks nice.
I’ll try it tomorrow
thank you for your share
kind regards
bruno
Thank you Vonasi for sharing this indicator. Very useful as a comfirmation to the price action.