help with candle cluster indicator please

• 08/02/2024 at 6:42 PM #236076
  amitoverseas40

  Hi Team, need help please as I am not good with coding.

  Can you please help me with an indicator that puts an arrow when a candle is closed above the previous bullish candle provided we have a bearish candle in between a cluster of say 7-9 candles?

  Same with an arrow when a candle is closed below the previous bearish candle provided we have a bullish  candle in between a cluster of say 7-9 candles?

   

  thanks

  

  amitoverseas40

  Participant

  Topics: 12

  Replies: 55

  Been thanked: 4 times
  08/02/2024 at 7:32 PM #236077
  amitoverseas40

  ChatGpt gave me this. not working due to some parentheses issue…

   

  // ProRealCode for Bullish Arrow Indicator

  // Define a bullish candle
  BullishCandle = close > open

  // Define a bearish candle
  BearishCandle = close < open

  // Define the cluster range
  ClusterRange = 9

  // Initialize variable to store condition
  BullishCondition = 0

  // Loop through the range to check conditions
  FOR i = 1 TO ClusterRange DO
  IF close[i] > open[i] THEN
  // Check for bearish candle in between
  FOR j = 1 TO i-1 DO
  IF close[j] < open[j] THEN
  BullishCondition = 1
  ENDIF
  NEXT
  // Plot arrow if condition is met
  IF BullishCondition THEN
  DRAWARROWUP(close[i-1], open[i-1], 0.5, “”, “”, 10)
  BullishCondition = 0
  ENDIF
  ENDIF
  NEXT

   

  // ProRealCode for Bearish Arrow Indicator

  // Define a bearish candle
  BearishCandle = close < open

  // Define a bullish candle
  BullishCandle = close > open

  // Define the cluster range
  ClusterRange = 9

  // Initialize variable to store condition
  BearishCondition = 0

  // Loop through the range to check conditions
  FOR i = 1 TO ClusterRange DO
  IF close[i] < open[i] THEN
  // Check for bullish candle in between
  FOR j = 1 TO i-1 DO
  IF close[j] > open[j] THEN
  BearishCondition = 1
  ENDIF
  NEXT
  // Plot arrow if condition is met
  IF BearishCondition THEN
  DRAWARROWDOWN(close[i-1], open[i-1], 0.5, “”, “”, 10)
  BearishCondition = 0
  ENDIF
  ENDIF
  NEXT

   

   

  

  amitoverseas40

  Participant

  Topics: 12

  Replies: 55

  Been thanked: 4 times
  08/03/2024 at 12:18 PM #236088
  JS

  Hi,

  Can you give an example of how to place the different candles (bullish/bearish) in the cluster…?

  

  JS

  Participant

  Topics: 26

  Replies: 1748

  Been thanked: 803 times
  08/03/2024 at 2:26 PM #236092
  amitoverseas40

  JS wrote:

  Hi,

  Can you give an example of how to place the different candles (bullish/bearish) in the cluster…?

  Hi JS, many thanks for your response. I am trying to highlight in a picture what I am requesting. Hope it helps, if not please ask me. as I am not too good with few things 🙂

   

  in a nutshell, whenever there is a cluster of candles with same bars i.e. bullish OR bearish regardless of the consecutive bars range from 2 onwards (7,10 etc), and pointsize of the total bars exceeds for example say 50, we highlight that area as it’s potential buy or sell area whenever the price reach there next. Doing it manually for few months. helpful but miss a lot of things sometimes. so looking for help here.

   

  

  amitoverseas40

  Participant

  Topics: 12

  Replies: 55

  Been thanked: 4 times
  08/03/2024 at 2:33 PM #236094
  amitoverseas40

  another picture if that helps in anyway as well please.

  

  amitoverseas40

  Participant

  Topics: 12

  Replies: 55

  Been thanked: 4 times
  08/03/2024 at 2:53 PM #236096
  JS

  Hi,

  It’s not entirely clear to me yet… 🙂

  You say something about “calculate the pointsize between bars”, what do you mean by this…?

  (I only know the “pointsize” in relation to contracts)

  

  JS

  Participant

  Topics: 26

  Replies: 1748

  Been thanked: 803 times
  08/03/2024 at 3:15 PM #236098
  amitoverseas40

  Hi JS, thanks for the response.

  ok, maybe I am going into jargon of probuilder coding. To put simply pointsize is the price movement summing the total of consecutive bars..

  For gold it will be $5 or 50 pips. Not sure How you calculate that but for Dow or Dax, it’ll be simply 50 pips.

  so example 65consecutive bars formed on 1 minutes chart with total pip value of 20 as highlighted in picture 2 (both red and black bars are 5 consecutive). Even if We do break below or above these previous bullish or bearish bars. It’s not worth to trade these. Where when price did break above the  6 red bars however, the total of 6 bars was  more than 50 pips (in picture 2 only, extreme left ), this was worth the wait have the price retraced to. On the right you’ll see black bars going below the black bars after 7 red bars, again worth the trade go for due to high pipsize value and mark on the chart for reversal.

   

  In chart 1, which gold chart, extreme left, black bar closed below the black bar straight after 1 red bar, total pip value was $5 or 50 points I think.

  in chart 1, in the middle, you’ll see both black and red bars closing above and below after x number of bars. We just highlight these areas where pip value is great than [n] regardless of the consecutive bars they close above or below from.

   

  

  amitoverseas40

  Participant

  Topics: 12

  Replies: 55

  Been thanked: 4 times
  08/03/2024 at 4:18 PM #236105
  JS

  Hi,

  First draft as a “breakout” that considers the width of the channel from which it breaks out… (the “pointsize” mentioned?)

  So, you can set the minimum width of the channel before a breakout can occur…

  Cluster BreakOut

  Once Cluster=9 xHighest=Highest[Cluster](High[1]) xLowest=Lowest[Cluster](Low[1]) xPointDiff=xHighest-xLowest If xPointDiff>15 and High>xHighest then DrawArrowUp(BarIndex,High)Coloured("Green") EndIf If xPointDiff>15 and Low<xLowest then DrawArrowDown(BarIndex,Low)Coloured("Red") EndIf Return xHighest as "xHighest" Coloured("Green"), xLowest as "xLowest" Coloured("Red")

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

  Once Cluster=9   xHighest=Highest[Cluster](High[1]) xLowest=Lowest[Cluster](Low[1])   xPointDiff=xHighest-xLowest   If xPointDiff>15 and High>xHighest then DrawArrowUp(BarIndex,High)Coloured("Green") EndIf   If xPointDiff>15 and Low<xLowest then DrawArrowDown(BarIndex,Low)Coloured("Red") EndIf   Return xHighest as "xHighest" Coloured("Green"), xLowest as "xLowest" Coloured("Red")

  

  JS

  Participant

  Topics: 26

  Replies: 1748

  Been thanked: 803 times
  08/03/2024 at 5:10 PM #236107
  amitoverseas40

  Hi JS, much much appreciate your help, exactly what I was looking for, saves me a lot of hassle to draw lines manually and gives a clear picture of the range we need to trade in!!. Again many thanks!

  1 user thanked author for this post.

  JS

  

  amitoverseas40

  Participant

  Topics: 12

  Replies: 55

  Been thanked: 4 times
  08/05/2024 at 5:43 PM #236139
  amitoverseas40

  Hi JS, apologies, bothering again, is it possible to actually mark the 1st and last bars from where the price movement actually started, if there are “more than 2 consecutive down or UP bars” with lines as highlighted in the picture please?

  In the attached, Red is highlighting the down bars move and black is highlighting the UP bar moves.

  Thank you very much for your help so far!!

  

  amitoverseas40

  Participant

  Topics: 12

  Replies: 55

  Been thanked: 4 times
  08/05/2024 at 8:34 PM #236147
  JS

  Hi,

  The problem with lines is that once they’re drawn, you can’t remove them. The result is a graph with a lot of lines and therefore totally confusing. What do you think of this alternative? (Currently only for the positive “breakout”)

  

  JS

  Participant

  Topics: 26

  Replies: 1748

  Been thanked: 803 times
  08/05/2024 at 9:02 PM #236149
  amitoverseas40

  Hi JS, I understand the issue you’ve described about too many lines! Indeed will get confusing. What you’re showing does make sense. We’ve already filtered the pip size so we know that we’ve some move during retracement and if it reverses than the whole channel or more as very clear in your chart. Let’s give it a go 🙂

  

  amitoverseas40

  Participant

  Topics: 12

  Replies: 55

  Been thanked: 4 times
  08/05/2024 at 9:33 PM #236150
  JS

  Hi,

  I’ve added the “negative breakout”…

  You can optionally adjust the colors and the style and size of texts…

  I hope you can do something with it…

   

  Candle Cluster Indicator V2

  Once Cluster=9 xOffSet=Average[Cluster](Range)/Cluster // xHighest=Highest[Cluster](High[1]) xLowest=Lowest[Cluster](Low[1]) xPointDiff=xHighest-xLowest If xPointDiff>15 and High>xHighest then DrawArrowUp(BarIndex,High)Coloured("Green") EndIf If xPointDiff>15 and Low<xLowest then DrawArrowDown(BarIndex,Low)Coloured("Red") EndIf If xPointDiff>15 and High>xHighest and High[1]>xHighest[1] and High[2]>xHighest[2] and High[3]<xHighest[3] then StartUpBar=BarIndex StartUpPrice=Open DrawSegment(BarIndex,Open,BarIndex+5,Open)Coloured("Green") DrawText("Open=#StartUpPrice#",BarIndex+3,Open+xOffSet,SansSerif,Bold,14) Coloured("Green") EndIf If xPointDiff>15 and High<xHighest and High[1]>xHighest[1] and High[2]>xHighest[2] and High[3]>xHighest[3] then EndUpBar=BarIndex EndUpPrice=Close[1] DrawSegment(BarIndex-1,Close[1],BarIndex+5,Close[1])Coloured("Green") DrawText("Close=#EndUpPrice#",BarIndex+3,Close[1]+xOffSet,SansSerif,Bold,14)Coloured("Green") EndIf If xPointDiff>15 and Low<xLowest and Low[1]<xLowest[1] and Low[2]<xLowest[2] and Low[3]>xLowest[3] then StartUpBar=BarIndex StartUpPrice=Open DrawSegment(BarIndex,Open,BarIndex+5,Open)Coloured("Red") DrawText("Open=#StartUpPrice#",BarIndex+3,Open+xOffSet,SansSerif,Bold,14) Coloured("Red") EndIf If xPointDiff>15 and Low>xLowest and Low[1]<xLowest[1] and Low[2]<xLowest[2] and Low[3]<xLowest[3] then EndUpBar=BarIndex EndUpPrice=Close[1] DrawSegment(BarIndex-1,Close[1],BarIndex+5,Close[1])Coloured("Red") DrawText("Close=#EndUpPrice#",BarIndex+3,Close[1]+xOffSet,SansSerif,Bold,14)Coloured("Red") EndIf Return xHighest as "xHighest" Style(Line,3)Coloured("Green"), xLowest as "xLowest" Style(Line,3)Coloured("Red")

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47

  Once Cluster=9   xOffSet=Average[Cluster](Range)/Cluster //   xHighest=Highest[Cluster](High[1]) xLowest=Lowest[Cluster](Low[1])   xPointDiff=xHighest-xLowest   If xPointDiff>15 and High>xHighest then DrawArrowUp(BarIndex,High)Coloured("Green") EndIf   If xPointDiff>15 and Low<xLowest then DrawArrowDown(BarIndex,Low)Coloured("Red") EndIf     If xPointDiff>15 and High>xHighest and High[1]>xHighest[1] and High[2]>xHighest[2] and High[3]<xHighest[3] then StartUpBar=BarIndex StartUpPrice=Open DrawSegment(BarIndex,Open,BarIndex+5,Open)Coloured("Green") DrawText("Open=#StartUpPrice#",BarIndex+3,Open+xOffSet,SansSerif,Bold,14) Coloured("Green") EndIf   If xPointDiff>15 and High<xHighest and High[1]>xHighest[1] and High[2]>xHighest[2] and High[3]>xHighest[3] then EndUpBar=BarIndex EndUpPrice=Close[1] DrawSegment(BarIndex-1,Close[1],BarIndex+5,Close[1])Coloured("Green") DrawText("Close=#EndUpPrice#",BarIndex+3,Close[1]+xOffSet,SansSerif,Bold,14)Coloured("Green") EndIf   If xPointDiff>15 and Low<xLowest and Low[1]<xLowest[1] and Low[2]<xLowest[2] and Low[3]>xLowest[3] then StartUpBar=BarIndex StartUpPrice=Open DrawSegment(BarIndex,Open,BarIndex+5,Open)Coloured("Red") DrawText("Open=#StartUpPrice#",BarIndex+3,Open+xOffSet,SansSerif,Bold,14) Coloured("Red") EndIf   If xPointDiff>15 and Low>xLowest and Low[1]<xLowest[1] and Low[2]<xLowest[2] and Low[3]<xLowest[3] then EndUpBar=BarIndex EndUpPrice=Close[1] DrawSegment(BarIndex-1,Close[1],BarIndex+5,Close[1])Coloured("Red") DrawText("Close=#EndUpPrice#",BarIndex+3,Close[1]+xOffSet,SansSerif,Bold,14)Coloured("Red") EndIf   Return xHighest as "xHighest" Style(Line,3)Coloured("Green"), xLowest as "xLowest" Style(Line,3)Coloured("Red")

  2 users thanked author for this post.

  Iván, amitoverseas40

  

  JS

  Participant

  Topics: 26

  Replies: 1748

  Been thanked: 803 times
  08/05/2024 at 9:50 PM #236152
  amitoverseas40

  Hi JS, thank you much appreciate your help. Let me try and work on it. Much grateful!

  1 user thanked author for this post.

  JS

  

  amitoverseas40

  Participant

  Topics: 12

  Replies: 55

  Been thanked: 4 times
• Author
  Posts