Candle direction

Here we have a very simple indicator that shows the direction of the candles in the 1m/5m/15m/30m/1hr/4hr/1d/1w/1mt timeframes.

Important: the indicator only works on the smaller timeframe so if for example we use 30 minute candles then we must remove the lines of code for 1m/5m/15m

//PRC_CANDLE DIRECTION
//version = 0
//15.02.24
//Iván González @ www.prorealcode.com
//Sharing ProRealTime knowledge
//Timeframe M1 / M5 / M15 / M30 / H1 / H4 / D1 / W1 / MN
//////////////////////////////////////////////////////////
DEFPARAM DRAWONLASTBARONLY = TRUE
timeframe (1mn)
IF OPEN > CLOSE THEN
RT1M = 255
GT1M = 0
BT1M = 0
ELSIF OPEN < CLOSE THEN
RT1M = 0
GT1M = 255
BT1M = 0
ELSE
RT1M = 125
GT1M = 125
BT1M = 125
ENDIF
DRAWTEXT("⏹ 1MN",50, -100)ANCHOR(TOPLEFT,XSHIFT,YSHIFT)coloured(RT1M,GT1M,BT1M)
timeframe (5mn)
IF OPEN > CLOSE THEN
RT5M = 255
GT5M = 0
BT5M = 0
ELSIF OPEN < CLOSE THEN
RT5M = 0
GT5M = 255
BT5M = 0
ELSE
RT5M = 125
GT5M = 125
BT5M = 125
ENDIF
DRAWTEXT("⏹ 5MN",125, -100)ANCHOR(TOPLEFT,XSHIFT,YSHIFT)coloured(RT5M,GT5M,BT5M)
timeframe (15mn)
IF OPEN > CLOSE THEN
RT15M = 255
GT15M = 0
BT15M = 0
ELSIF OPEN < CLOSE THEN
RT15M = 0
GT15M = 255
BT15M = 0
ELSE
RT15M = 125
GT15M = 125
BT15M = 125
ENDIF
DRAWTEXT("⏹ 15MN",200, -100)ANCHOR(TOPLEFT,XSHIFT,YSHIFT)coloured(RT15M,GT15M,BT15M)
timeframe (30mn)
IF OPEN > CLOSE THEN
RT30M = 255
GT30M = 0
BT30M = 0
ELSIF OPEN < CLOSE THEN
RT30M = 0
GT30M = 255
BT30M = 0
ELSE
RT30M = 125
GT30M = 125
BT30M = 125
ENDIF
DRAWTEXT("⏹ 30MN",275, -100)ANCHOR(TOPLEFT,XSHIFT,YSHIFT)coloured(RT30M,GT30M,BT30M)
timeframe (1H)
IF OPEN > CLOSE THEN
RT1H = 255
GT1H = 0
BT1H = 0
ELSIF OPEN < CLOSE THEN
RT1H = 0
GT1H = 255
BT1H = 0
ELSE
RT1H = 125
GT1H = 125
BT1H = 125
ENDIF
DRAWTEXT("⏹ 1HR",350, -100)ANCHOR(TOPLEFT,XSHIFT,YSHIFT)coloured(RT1H,GT1H,BT1H)
timeframe (4H)
IF OPEN > CLOSE THEN
RT4H = 255
GT4H = 0
BT4H = 0
ELSIF OPEN < CLOSE THEN
RT4H = 0
GT4H = 255
BT4H = 0
ELSE
RT4H = 125
GT4H = 125
BT4H = 125
ENDIF
DRAWTEXT("⏹ 4HR",425, -100)ANCHOR(TOPLEFT,XSHIFT,YSHIFT)coloured(RT4H,GT4H,BT4H)
timeframe (DAILY)
IF OPEN > CLOSE THEN
RT1D = 255
GT1D = 0
BT1D = 0
ELSIF OPEN < CLOSE THEN
RT1D = 0
GT1D = 255
BT1D = 0
ELSE
RT1D = 125
GT1D = 125
BT1D = 125
ENDIF
DRAWTEXT("⏹ 1D",500, -100)ANCHOR(TOPLEFT,XSHIFT,YSHIFT)coloured(RT1D,GT1D,BT1D)
timeframe (WEEKLY)
IF OPEN > CLOSE THEN
RT1W = 255
GT1W = 0
BT1W = 0
ELSIF OPEN < CLOSE THEN
RT1W = 0
GT1W = 255
BT1W = 0
ELSE
RT1W = 125
GT1W = 125
BT1W = 125
ENDIF
DRAWTEXT("⏹ 1W",575, -100)ANCHOR(TOPLEFT,XSHIFT,YSHIFT)coloured(RT1W,GT1W,BT1W)
timeframe (MONTHLY)
IF OPEN > CLOSE THEN
RT1MT = 255
GT1MT = 0
BT1MT = 0
ELSIF OPEN < CLOSE THEN
RT1MT = 0
GT1MT = 255
BT1MT = 0
ELSE
RT1MT= 125
GT1MT = 125
BT1MT = 125
ENDIF
DRAWTEXT("⏹ 1M",650, -100)ANCHOR(TOPLEFT,XSHIFT,YSHIFT)coloured(RT1MT,GT1MT,BT1MT)

RETURN

100

101

102

103

104

105

106

107

108

109

110

111

112

113

114

115

116

117

118

119

120

121

122

123

124

125

126

127

128

129

130

131

132

133

134

135

136

137

138

139

140

141

142

143

144

145

//PRC_CANDLE DIRECTION

//version = 0

//15.02.24

//Iván González @ www.prorealcode.com

//Sharing ProRealTime knowledge

//Timeframe M1 / M5 / M15 / M30 / H1 / H4 / D1 / W1 / MN

//////////////////////////////////////////////////////////

DEFPARAM DRAWONLASTBARONLY = TRUE

timeframe (1mn)

IF OPEN > CLOSE THEN

RT1M = 255

GT1M = 0

BT1M = 0

ELSIF OPEN < CLOSE THEN

RT1M = 0

GT1M = 255

BT1M = 0

ELSE

RT1M = 125

GT1M = 125

BT1M = 125

ENDIF

DRAWTEXT("⏹ 1MN",50, -100)ANCHOR(TOPLEFT,XSHIFT,YSHIFT)coloured(RT1M,GT1M,BT1M)

timeframe (5mn)

IF OPEN > CLOSE THEN

RT5M = 255

GT5M = 0

BT5M = 0

ELSIF OPEN < CLOSE THEN

RT5M = 0

GT5M = 255

BT5M = 0

ELSE

RT5M = 125

GT5M = 125

BT5M = 125

ENDIF

DRAWTEXT("⏹ 5MN",125, -100)ANCHOR(TOPLEFT,XSHIFT,YSHIFT)coloured(RT5M,GT5M,BT5M)

timeframe (15mn)

IF OPEN > CLOSE THEN

RT15M = 255

GT15M = 0

BT15M = 0

ELSIF OPEN < CLOSE THEN

RT15M = 0

GT15M = 255

BT15M = 0

ELSE

RT15M = 125

GT15M = 125

BT15M = 125

ENDIF

DRAWTEXT("⏹ 15MN",200, -100)ANCHOR(TOPLEFT,XSHIFT,YSHIFT)coloured(RT15M,GT15M,BT15M)

timeframe (30mn)

IF OPEN > CLOSE THEN

RT30M = 255

GT30M = 0

BT30M = 0

ELSIF OPEN < CLOSE THEN

RT30M = 0

GT30M = 255

BT30M = 0

ELSE

RT30M = 125

GT30M = 125

BT30M = 125

ENDIF

DRAWTEXT("⏹ 30MN",275, -100)ANCHOR(TOPLEFT,XSHIFT,YSHIFT)coloured(RT30M,GT30M,BT30M)

timeframe (1H)

IF OPEN > CLOSE THEN

RT1H = 255

GT1H = 0

BT1H = 0

ELSIF OPEN < CLOSE THEN

RT1H = 0

GT1H = 255

BT1H = 0

ELSE

RT1H = 125

GT1H = 125

BT1H = 125

ENDIF

DRAWTEXT("⏹ 1HR",350, -100)ANCHOR(TOPLEFT,XSHIFT,YSHIFT)coloured(RT1H,GT1H,BT1H)

timeframe (4H)

IF OPEN > CLOSE THEN

RT4H = 255

GT4H = 0

BT4H = 0

ELSIF OPEN < CLOSE THEN

RT4H = 0

GT4H = 255

BT4H = 0

ELSE

RT4H = 125

GT4H = 125

BT4H = 125

ENDIF

DRAWTEXT("⏹ 4HR",425, -100)ANCHOR(TOPLEFT,XSHIFT,YSHIFT)coloured(RT4H,GT4H,BT4H)

timeframe (DAILY)

IF OPEN > CLOSE THEN

RT1D = 255

GT1D = 0

BT1D = 0

ELSIF OPEN < CLOSE THEN

RT1D = 0

GT1D = 255

BT1D = 0

ELSE

RT1D = 125

GT1D = 125

BT1D = 125

ENDIF

DRAWTEXT("⏹ 1D",500, -100)ANCHOR(TOPLEFT,XSHIFT,YSHIFT)coloured(RT1D,GT1D,BT1D)

timeframe (WEEKLY)

IF OPEN > CLOSE THEN

RT1W = 255

GT1W = 0

BT1W = 0

ELSIF OPEN < CLOSE THEN

RT1W = 0

GT1W = 255

BT1W = 0

ELSE

RT1W = 125

GT1W = 125

BT1W = 125

ENDIF

DRAWTEXT("⏹ 1W",575, -100)ANCHOR(TOPLEFT,XSHIFT,YSHIFT)coloured(RT1W,GT1W,BT1W)

timeframe (MONTHLY)

IF OPEN > CLOSE THEN

RT1MT = 255

GT1MT = 0

BT1MT = 0

ELSIF OPEN < CLOSE THEN

RT1MT = 0

GT1MT = 255

BT1MT = 0

ELSE

RT1MT= 125

GT1MT = 125

BT1MT = 125

ENDIF

DRAWTEXT("⏹ 1M",650, -100)ANCHOR(TOPLEFT,XSHIFT,YSHIFT)coloured(RT1MT,GT1MT,BT1MT)

RETURN

candlestick candlesticks multi timeframe

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments :

Filename : download the ITF files

How to import ITF files into ProRealTime platform?

Find other exclusive trading pro-tools on

PRC is also on YouTube, subscribe to our channel for exclusive content and tutorials

bjoern With the same parameters? For me the results are negative

bjoern Oh ok, with the initial posted parameters it is positive

victormork yes! It's not like you want to put it on live but when I for example take the version I have...

Doctrading Hello, Higher timeframes are better. I suggest D1 or H4.Best regards,

Pinkybouh hello, I propose to add another conditions: ie: haussier: close > open and close >...

TheHovisTrader I'd be interested in the actual profit of this - in the example the stop range is at least 2...

Nicolas Restart your platform in order to be sure to use the last version, there was a version rollb...

bertrandpinoy bonjour voud pouvez m envoyer le code modifier par vous?

Nicolas Désolé , je ne comprends pas votre question.

Jessar Hi friends, is there any way to program the system to close the position when you have a lon...

Pring00 Hello @Nicolas, thanks for this code! Just what i was looking for. I'm fairly new to this...

Nicolas Needs custom coding, ask for a mod in a dedicated topic, in the appropriate forum please.

Nicolas Sorry but we do not provide any help for mt4 users. Our website is dedicated to ProRealTime ...

rginvest44 Bonjour Messieurs et félicitations pour votre travail. De mon coté, lorsque je souhaite e...

Nicolas Bonjour, il s'agit d'un code d'indicateur et non d'un screener. Cet autre code par exemple e...

Nicolas Hi, there's no reason why it should not work on a 5 min chart. Just apply the indicator on y...

Percygreen77 good evening sorry for my english but the indicator don't work can you help me i have 10.3 v...

Nicolas By adding it on price, it should display the pattern detection on the price chart, and not ...

Madrosat Bonjour Nicolas Je souhaiterais faire colorier le fond du graphique supérieur en vert lorsq...

Nicolas Merci d'ouvrir un sujet dans le forum approprié.

Nwab Hello Mr Nicolas.. Please how can I set this up as an indicator to work on mt5. Your guidan...

Wilko This code is the work of a simple genius! Profitability lies in simplicity and repetition.

Nicolas Good joke. FYI, you'll find many identified recurring patterns there: http://paststat.com G...

Yngve i added a MA as a filter, that improved the equity curve quit nice actually

Share this

Likes