Count Candles Indicator Error

• 06/24/2024 at 2:02 PM #234291
  Mishap

  Hi Guys,

  hoping for some help the indicator looks fine but when i go to put it on the chart it throws the error “an infinite loop or a loop with too many iterations was detected”.

  Essentially i want to place an arrow at the start of a pattern where the series of candles open is less than the close until it isn’t. i want to count the number of pips that have occurred from the first candle in the series until a candle closes lower than the open BUT i only want to plot an arrow if 3 or more candles show up. apologies if this confusing i am reasonably new to this and not sure how to explain it easily. hope this makes sense?

  // Define variables CountPoints = 0 // Counter for consecutive candles where open < close TotalPips = 0 // Total pips counted StartPrice = 0 // Price of the first candle that meets the condition FirstCandleIndex = -1 // Index of the first candle where counting starts CurrentBar = 0 // Variable to track current bar index // Initialize variables CountPoints = 0 TotalPips = 0 StartPrice = 0 FirstCandleIndex = -1 CurrentBar = 0 // Main loop to iterate through bars while CurrentBar < BarIndex do // Check condition: open < close for the current bar if Open < Close then // If this is the first candle that meets the condition, record its price and index if CountPoints = 0 then StartPrice = Open FirstCandleIndex = CurrentBar endif // Increment counter CountPoints = CountPoints + 1 // Calculate pips from the start price to current bar close if CountPoints > 1 then TotalPips = TotalPips + (Close - Open) / PointSize endif else // Check if we've counted more than 3 consecutive candles if CountPoints > 3 then // Plot arrow on the first candle where counting started DrawArrowUp(FirstCandleIndex, Low[FirstCandleIndex] - 10*TickSize) endif // Exit loop if condition is not met endif wend // Move to the next bar CurrentBar = CurrentBar + 1 // Output the total pips counted PRINT(TotalPips) return

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  // Define variables CountPoints = 0     // Counter for consecutive candles where open < close TotalPips = 0       // Total pips counted StartPrice = 0      // Price of the first candle that meets the condition FirstCandleIndex = -1 // Index of the first candle where counting starts CurrentBar = 0      // Variable to track current bar index   // Initialize variables CountPoints = 0 TotalPips = 0 StartPrice = 0 FirstCandleIndex = -1 CurrentBar = 0   // Main loop to iterate through bars while CurrentBar < BarIndex do // Check condition: open < close for the current bar if Open < Close then // If this is the first candle that meets the condition, record its price and index if CountPoints = 0 then StartPrice = Open FirstCandleIndex = CurrentBar endif          // Increment counter CountPoints = CountPoints + 1          // Calculate pips from the start price to current bar close if CountPoints > 1 then TotalPips = TotalPips + (Close - Open) / PointSize endif else   // Check if we've counted more than 3 consecutive candles if CountPoints > 3 then   // Plot arrow on the first candle where counting started DrawArrowUp(FirstCandleIndex, Low[FirstCandleIndex] - 10*TickSize) endif          // Exit loop if condition is not met endif wend      // Move to the next bar CurrentBar = CurrentBar + 1   // Output the total pips counted PRINT(TotalPips)   return

  

  Mishap

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  06/24/2024 at 2:31 PM #234294
  druby

  Move the CurrentBar = CurrentBar + 1 , inside the loop, before wend.

  The statement after ‘While’ is the condition to exit the loop. There needs to be some sort of loop counter to reach the condition.

  Since the ‘above line’ is outside the loop, CurrentBar is not incremented, loop cycles till error message.

   

   

   

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  Iván

  

  druby

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