5 out of 7 red candles coding question

• 02/21/2017 at 3:13 PM #25925
  ck1066

  Hi,

  How do I test whether, as an example, 5 out of the last 7 candles were red (in a downtrend) . Any green candles can be ignored unless they break the previous high.

  Opposite for uptrend.

  

  ck1066

  Participant

  Topics: 22

  Replies: 34

  Been thanked: 0 times
  02/21/2017 at 8:08 PM #25970
  Wing

  In a downtrend, something like this:

   

  FiveSevenRed=0 RedCandles=0 FOR i = 0 TO 6 DO IF (Close[i] < Open[i]) THEN RedCandles=RedCandles+1 ELSE if close>high[i+1] then Break ENDIF FiveSevenRed=1 NEXT If RedCandles<5 then FiveSevenRed=0 Endif

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

  FiveSevenRed=0 RedCandles=0   FOR i = 0 TO 6 DO            IF (Close[i] < Open[i]) THEN                  RedCandles=RedCandles+1            ELSE if close>high[i+1] then                  Break            ENDIF            FiveSevenRed=1 NEXT   If RedCandles<5 then FiveSevenRed=0 Endif

   

  

  Wing

  Participant

  Topics: 6

  Replies: 159

  Been thanked: 77 times
• Author
  Posts