Basing candle indicator

• 08/21/2017 at 12:48 PM #44298
  paddan

  Hi, I would like to get my hands on a indicator which display candles with 50% or lower bodys. Does anyone know or would like to help me build one?

  Thank you for reply!

  Best!

  

  paddan

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  08/21/2017 at 1:35 PM #44308
  robertogozzi

  This piece of code does what you want, displaying a green dot below each candle that meets your requirements:

  DEFPARAM CalculateOnLastBars = 500 //just to speed up things R=0 G=255 B=0 F=255 IF close > open THEN UpperShadow = high - close LowerShadow = open - low ELSE UpperShadow = high - open LowerShadow = close - low ENDIF Shadows = UpperShadow + LowerShadow Body = range - Shadows IF Body <= (Shadows / 2) THEN DotVal = low - (3 / pipsize) DRAWTEXT("•",barindex,dotval,Dialog,Bold,12) coloured(R,G,B,F) ENDIF RETURN

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  DEFPARAM CalculateOnLastBars = 500  //just to speed up things R=0 G=255 B=0 F=255 IF close > open THEN    UpperShadow = high - close    LowerShadow = open - low ELSE    UpperShadow = high - open    LowerShadow = close - low ENDIF Shadows = UpperShadow  + LowerShadow Body = range - Shadows IF Body <= (Shadows / 2) THEN    DotVal = low - (3 / pipsize)    DRAWTEXT("•",barindex,dotval,Dialog,Bold,12) coloured(R,G,B,F) ENDIF RETURN

   

  

  robertogozzi

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  08/21/2017 at 3:38 PM #44310
  paddan

  Sorry but nothing happens, I can load it but no dots. :/

   

  

  paddan

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  08/21/2017 at 4:47 PM #44313
  robertogozzi

  You should add it to the price, not below.

  As shown in the pic:

  • 1 – click on the PRICE WRENCH in the upper left corner
  • 2 – with your cursor on the tag PRICE click on “add indicator”
  • 3 – tht’s the outcome

  I changed the code to modify display, as follows:

  DEFPARAM CalculateOnLastBars = 1000 R=0 G=255 B=0 F=255 IF close > open THEN UpperShadow = high - close LowerShadow = open - low ELSE UpperShadow = high - open LowerShadow = close - low ENDIF Shadows = UpperShadow + LowerShadow Body = range - Shadows IF Body <= (Shadows / 2) THEN DotVal = low - (100 * pipsize) DRAWTEXT("•",barindex,DotVal,Dialog,Bold,12) coloured(R,G,B,F) ENDIF RETURN

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  DEFPARAM CalculateOnLastBars = 1000 R=0 G=255 B=0 F=255 IF close > open THEN    UpperShadow = high - close    LowerShadow = open - low ELSE    UpperShadow = high - open    LowerShadow = close - low ENDIF Shadows = UpperShadow  + LowerShadow Body = range - Shadows IF Body <= (Shadows / 2) THEN    DotVal = low - (100 * pipsize)    DRAWTEXT("•",barindex,DotVal,Dialog,Bold,12) coloured(R,G,B,F) ENDIF RETURN

  I attach the code so that you can import it, if you don’t want to copy and paste it.

  1 user thanked author for this post.

  paddan

  

  robertogozzi

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  08/21/2017 at 5:53 PM #44320
  paddan

  Oh I see! Thank you very much! You are a very kind person!

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  robertogozzi

  

  paddan

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  08/21/2017 at 6:48 PM #44322
  paddan

  Sorry, but it seems that that the dots does not work properly, see attache picture. some candles tdont get the dots even if its a 50% candle. It seems that the higher timeframe, it miss more.

  

  paddan

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  08/21/2017 at 11:04 PM #44328
  robertogozzi

  My pic was on GbpJpy monthly chart and it works, I also tried it on DAX both 1 hr and monthly and it displays correctly all candles whose body is less than 50%  of their range.

  You may try to modify this part of line 16:

  (100 * pipsize)

  1	(100 * pipsize)

  replacing 100 with 10. This should not affect computations but only the place where dots are displayed.

  

  robertogozzi

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  08/22/2017 at 9:32 AM #44334
  paddan

  This pic is from DAX weekly, do you get different than mine?

  

  paddan

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  08/22/2017 at 11:30 AM #44348
  robertogozzi

  Indeed it’s somewhat odd!

  I wrote this strategy (on DAX weekly chart) to debug the values of variables:

  DEFPARAM CumulateOrders = false IF close > open THEN UpperShadow = high - close LowerShadow = open - low ELSE UpperShadow = high - open LowerShadow = close - low ENDIF Shadows = UpperShadow + LowerShadow Body = range - Shadows //IF Body <= (Range / 2) THEN //DotVal = low - (20 * pipsize) //ENDIF IF close < 0 THEN //useless, it is compulsory to have at least one BUY BUY AT MARKET ENDIF GRAPH UpperShadow AS "uSH" GRAPH LowerShadow AS "lSH" GRAPH Shadows AS "Shs" GRAPH Body AS "Bdy" //GRAPH Body <= (Shadows / 2) AS "%" //GRAPH DotVal AS "Dot" GRAPH Range AS "rng"

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  DEFPARAM CumulateOrders = false   IF close > open THEN    UpperShadow = high - close    LowerShadow = open - low ELSE    UpperShadow = high - open    LowerShadow = close - low ENDIF Shadows = UpperShadow  + LowerShadow Body = range - Shadows //IF Body <= (Range / 2) THEN //DotVal = low - (20 * pipsize) //ENDIF IF close < 0 THEN  //useless, it is compulsory to have at least one BUY    BUY AT MARKET ENDIF GRAPH UpperShadow           AS "uSH" GRAPH LowerShadow           AS "lSH" GRAPH Shadows               AS "Shs" GRAPH Body                  AS "Bdy" //GRAPH Body <= (Shadows / 2) AS "%" //GRAPH DotVal                AS "Dot" GRAPH Range                 AS "rng"

  the attached pic shows that variable “rng” (range) retains a value of 277.5, while the ProOrder box on the chart says the distance High-Low is 280.2!

  I don’t know why, I hope someone can help spot the bug!

  

  robertogozzi

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  09/03/2017 at 5:21 PM #45308
  AVT

  We had an issue with the weekly drawing position being – if I recall correctly – 1 candle too much right-sided (although calculation values are correct)

  

  AVT

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  08/19/2018 at 6:47 AM #78585
  Firoj Gaiban

  robertogozzi

  sir need Basing Candle Indicator for mt4 please code for it

  in above post Dot shows for Basing candle , sir i need blue colur for basing candle instead of Dot …

  plz check attachment ….like this i need

  

  Firoj Gaiban

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  08/19/2018 at 11:38 AM #78591
  robertogozzi

  Firoj Gaiban wrote:

  robertogozzi

  sir need Basing Candle Indicator for mt4 please code for it

  in above post Dot shows for Basing candle , sir i need blue colur for basing candle instead of Dot …

  plz check attachment ….like this i need

  Please update your country flag! Thank you.

  Only conversions TO ProRealTime are possible, as from this link https://www.prorealcode.com/topic/free-conversion-mt4-indicators-mql4/.

  If you meant to change my code so that it mirrors your screenshot, there you go:

  DEFPARAM CalculateOnLastBars = 1000 UpperShadow = high - max(close,open) LowerShadow = min(close,open) - low Shadows = UpperShadow + LowerShadow Body = range - Shadows IF Body <= (Shadows / 2) THEN DRAWCANDLE(open,high,low,close) COLOURED(255,215,0,255) BORDERCOLOR(255,0,255,255) ENDIF RETURN

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  DEFPARAM CalculateOnLastBars = 1000 UpperShadow = high - max(close,open) LowerShadow = min(close,open) - low Shadows     = UpperShadow  + LowerShadow Body        = range - Shadows IF Body <= (Shadows / 2) THEN    DRAWCANDLE(open,high,low,close) COLOURED(255,215,0,255) BORDERCOLOR(255,0,255,255) ENDIF RETURN

  You can choose different colours https://www.prorealcode.com/wp-content/uploads/2015/09/P1jHlnG.jpg.

   

   

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  Nicolas

  

  robertogozzi

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  08/24/2018 at 5:59 PM #78994
  Firoj Gaiban

  Robbert

  sir how to make it indicator for mt4 , i don’t know how can , please make it for me and send to my mail   [deleted]

  thanks…..

  

  Firoj Gaiban

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  08/24/2018 at 6:10 PM #79002
  Vonasi

  Firoj Gaiban wrote:

  Robbert

  sir how to make it indicator for mt4 , i don’t know how can , please make it for me and send to my mail

  thanks…..

  You need to go to an MT4 forum site and ask someone there to convert it.

  This is a Pro Real Time forum where you can get code converted from MT4 to PRT but not the other way around.

  You have repeatedly asked for the same thing which is making us despair a little. Please stop asking.

  Also it is not wise to post email addresses on forums so I have deleted it for you.

  

  Vonasi

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