Average rise and fall of next candle

• 08/22/2019 at 10:17 PM #105341
  Vonasi

  I wrote an indicator to analyse the average rise and fall from an opening price of every candle and to see how often that average rise and fall is broken by the high or low of a candle.

  The indicator returns the average rise and fall of every candle as well as the average rise and fall after a red candle or after a green candle. It also returns how often in percentage after a red or green candle that average rise or fall was exceeded in the next candle.

  I post it here just in case it is of any interest to someone.

  //Average rise and fall breakout analysis //By Vonasi //20190822 up = up + (high - open) down = down + (open - low) count = count + 1 upave = up/count downave = down/count if close[1] < open[1] then rup = rup + (high - open) rdown = rdown + (open - low) rcount = rcount + 1 rupave = rup/rcount rdownave = rdown/rcount endif if close[1] > open[1] then gup = gup + (high - open) gdown = gdown + (open - low) gcount = gcount + 1 gupave = gup/gcount gdownave = gdown/gcount endif if barindex > 1 then if close[1] < open[1] then upper = open + rupave[1] lower = open - rdownave[1] if high > upper then rupbreak = rupbreak + 1 endif if low < lower then rdownbreak = rdownbreak + 1 endif rbreakcount = rbreakcount + 1 rbreakupave = (rupbreak/rbreakcount) * 100 rbreakdownave = (rdownbreak/rbreakcount) * 100 endif if close[1] > open[1] then upper = open + gupave[1] lower = open - gdownave[1] if high > upper then gupbreak = gupbreak + 1 endif if low < lower then gdownbreak = gdownbreak + 1 endif gbreakcount = gbreakcount + 1 gbreakupave = (gupbreak/gbreakcount) * 100 gbreakdownave = (gdownbreak/gbreakcount) * 100 endif endif return rbreakupave as "red break up %", gbreakupave as "green break up %", rbreakdownave as "red break down %", gbreakdownave as "green break down %",upave as "Average Rise", downave as "Average Fall", rupave as "Red Average Rise", rdownave as "Red Average Fall", gupave as "Green Average Rise", gdownave as "Green Average Fall"//upper as "upper", lower as "lower"

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  //Average rise and fall breakout analysis //By Vonasi //20190822   up = up + (high - open) down = down + (open - low) count = count + 1   upave = up/count downave = down/count   if close[1] < open[1] then rup = rup + (high - open) rdown = rdown + (open - low) rcount = rcount + 1   rupave = rup/rcount rdownave = rdown/rcount endif   if close[1] > open[1] then gup = gup + (high - open) gdown = gdown + (open - low) gcount = gcount + 1   gupave = gup/gcount gdownave = gdown/gcount endif   if barindex > 1 then if close[1] < open[1] then upper = open + rupave[1] lower = open - rdownave[1] if high > upper then rupbreak = rupbreak + 1 endif if low < lower then rdownbreak = rdownbreak + 1 endif rbreakcount = rbreakcount + 1 rbreakupave = (rupbreak/rbreakcount) * 100 rbreakdownave = (rdownbreak/rbreakcount) * 100 endif   if close[1] > open[1] then upper = open + gupave[1] lower = open - gdownave[1] if high > upper then gupbreak = gupbreak + 1 endif if low < lower then gdownbreak = gdownbreak + 1 endif gbreakcount = gbreakcount + 1 gbreakupave = (gupbreak/gbreakcount) * 100 gbreakdownave = (gdownbreak/gbreakcount) * 100 endif endif return rbreakupave as "red break up %", gbreakupave as "green break up %", rbreakdownave as "red break down %", gbreakdownave as "green break down %",upave as "Average Rise", downave as "Average Fall", rupave as "Red Average Rise", rdownave as "Red Average Fall", gupave as "Green Average Rise", gdownave as "Green Average Fall"//upper as "upper", lower as "lower"

   

  

  Vonasi

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