How to check current candle is bigger than previous n candles or not?

• 06/11/2018 at 9:40 AM #72841
  chichihang

  Hi,

  I’d like to know how to write a code which allow to check if current candle has a larger body than previous n candles or not. This checking keep repeating when next candle starts.

  Thanks

  

  chichihang

  Participant

  Topics: 3

  Replies: 3

  Been thanked: 0 times
  06/11/2018 at 10:14 AM #72848
  robertogozzi

  This should do

  ONCE n = 20 Body = abs(close - open) HighestBody = (Body = highest[n](Body)) RETURN HighestBody

  1 2 3 4

  ONCE n      = 20 Body        = abs(close - open) HighestBody = (Body = highest[n](Body)) RETURN HighestBody

   

  2 users thanked author for this post.

  chichihang, Nicolas

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 17150

  Been thanked: 4040 times
  06/11/2018 at 11:28 AM #72860
  Vonasi

  That code can also be adapted easily to look for the largest range in n candles.

  Numcandles = 20 Rnge = abs(High - Low) LargestRange = (Rnge = highest[NumCandles](Rnge)) RETURN LargestRange

  1 2 3 4 5 6

  Numcandles = 20   Rnge = abs(High - Low) LargestRange = (Rnge = highest[NumCandles](Rnge))   RETURN LargestRange

  and also sometimes it is interesting to know when a candle has the smallest body or range in n candles. Quite useful to get out of the market with your profit when the market has gone a bit flat.

  NumCandles = 20 Body = abs(close - open) SmallestBody = (Body = lowest[NumCandles](Body)) Rnge = abs(High - Low) SmallestRange = (Rnge = lowest[NumCandles](Rnge))

  1 2 3 4 5 6 7

  NumCandles = 20   Body = abs(close - open) SmallestBody = (Body = lowest[NumCandles](Body))   Rnge = abs(High - Low) SmallestRange = (Rnge = lowest[NumCandles](Rnge))

   

  2 users thanked author for this post.

  chichihang, Nicolas

  

  Vonasi

  Moderator

  Topics: 192

  Replies: 5088

  Been thanked: 1811 times
• Author
  Posts