2 bars consecutive..

• 12/23/2022 at 1:11 PM #206231
  amitoverseas40

  Hi There,

  Please can someone create an indicator and a screener to display last 2 bars, consecutive,  either bullish or bearish on a chart. It can be anywhere in last x number of bars…

   

  Regards

  

  amitoverseas40

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  12/23/2022 at 4:53 PM #206243
  JS

  Hi,

  What kind of bullish and bearish bars were you thinking about?

   (There are so many different…)

  

  JS

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  12/23/2022 at 9:24 PM #206248
  amitoverseas40

  Bullish bar is when close is higher than previous,  vice versa for bearish…

  

  amitoverseas40

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  12/23/2022 at 9:38 PM #206250
  amitoverseas40

  Sorry,  should’ve mentioned,

   

  Bullish= close higher than previous open

  Bearish= close lower than previous open… Key is OPEN IN BOTH.

  2 bars closing lower than previous open

  2 bars closing higher than previous open.

  Must be consecutive though…

   

  

  amitoverseas40

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  12/23/2022 at 10:20 PM #206251
  JS

  Hi @amitoverseas40

  Here is the indicator…
  As bullish is now defined, the last bar can also be a bearish bar as long as the Close > Open[1].
  The same goes for the bearish side…

  Regards Jaap

  Two Bar Bullish/Bearish

  xBullish = Close > Open[1] xBearish = Close < Open[1] If Close > Open[1] and Close[1] > Open[2] then TwoBarBullish = 1 Else TwoBarBullish = 0 EndIf If Close < Open[1] and Close[1] < Open[2] then TwoBarBearish = -1 Else TwoBarBearish = 0 EndIf Return TwoBarBullish as "TwoBarBullish" Coloured(0,255,0), TwoBarBearish as "TwoBarBearish" Coloured(255,0,0)

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17

  xBullish = Close > Open[1] xBearish = Close < Open[1]   If Close > Open[1] and Close[1] > Open[2] then TwoBarBullish = 1 Else TwoBarBullish = 0 EndIf   If Close < Open[1] and Close[1] < Open[2] then TwoBarBearish = -1 Else TwoBarBearish = 0 EndIf     Return TwoBarBullish as "TwoBarBullish" Coloured(0,255,0), TwoBarBearish as "TwoBarBearish" Coloured(255,0,0)

  

  JS

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  12/23/2022 at 10:45 PM #206256
  amitoverseas40

  Hi JS,

   

  Thanks but it’s not exactly what I am looking for.

   

  See the attached, I need 2 bars consecutive anywhere on chart …..while I know that current bar will look at previous 2 BUT it can be anywhere so loop will be required I think..with absolute close rather than anything now I think of it..

   

   

  

  amitoverseas40

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  12/23/2022 at 10:53 PM #206258
  amitoverseas40

  Much better in latest as I removed the wicks….

   

   

   

  

  amitoverseas40

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  12/23/2022 at 11:00 PM #206262
  JS

  Hi @amitoverseas40

  This screenshot is exactly the same as the previous one only now in histogram style…

  

  JS

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  12/23/2022 at 11:09 PM #206264
  amitoverseas40

  Hi JS,

   

  See attached now, either we are missing signals or getting false signals….This metthod works, just need to look adjustment in loop rather only looking for previous 2…

   

   

  

  amitoverseas40

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  12/23/2022 at 11:16 PM #206266
  amitoverseas40

  Questions marks highlight

  1. missing signal.
  2. false signal
  3. missing signal..

  

  amitoverseas40

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  12/23/2022 at 11:22 PM #206268
  JS

  Hi @amitoverseas40

  There are no missing signals or false signals… 😉
  The indicator shows how bullish and bearish are defined (two consecutive…)

  ”As bullish is now defined, the last bar can also be a bearish bar as long as the Close > Open[1]. The same goes for the bearish side…”

  If you don’t mean this, then the definition of bullish and bearish needs to be adjusted… 😉

  

  JS

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