Maribozu Indicator with Arrow and label

• 07/03/2022 at 4:45 PM #196678
  oyinloyea

  I am trying to create a maribozu indicator with label . Please help Attached is my code. Thanks in advance

  DEFPARAM CalculateOnLastBars = 500
  Offset = 10 * pipsize
  Bearish = open > close
  Bullish = close > open
  bigmarubozu = abs(open-close)/range>=0.95 and range>=3*average[30](range)
  If bigmarubozu Then
  IF bullish then

  DRAWARROWUP(barindex,low – offset) coloured(0,255,0,255)
  EndIf
  Endif

  If bigmarubozu Then
  IF bearish then
  DRAWARROWDOWN(barindex,high + offset) coloured(255,0,0,255)
  EndIf
  Endif

  Return

  

  oyinloyea

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  07/04/2022 at 10:43 AM #196716
  robertogozzi

  There you go:

  DEFPARAM CalculateOnLastBars = 500 Offset = 10 * pipsize Bearish = open > close Bullish = close > open bigmarubozu = abs(open-close)/range>=0.95 and range>=3*average[30](range) If bigmarubozu Then IF bullish then DRAWARROWUP(barindex,low - offset) coloured(0,255,0,255) DrawText("Marubozu",barindex,low - offset*2) coloured(0,255,0,255) EndIf Endif If bigmarubozu Then IF bearish then DRAWARROWDOWN(barindex,high + offset) coloured(255,0,0,255) DrawText("Marubozu",barindex,low - offset*2) coloured(255,0,0,255) EndIf Endif Return

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  DEFPARAM CalculateOnLastBars = 500 Offset = 10 * pipsize Bearish = open > close Bullish = close > open bigmarubozu = abs(open-close)/range>=0.95 and range>=3*average[30](range) If bigmarubozu Then IF bullish then DRAWARROWUP(barindex,low - offset) coloured(0,255,0,255) DrawText("Marubozu",barindex,low - offset*2) coloured(0,255,0,255) EndIf Endif If bigmarubozu Then IF bearish then DRAWARROWDOWN(barindex,high + offset) coloured(255,0,0,255) DrawText("Marubozu",barindex,low - offset*2) coloured(255,0,0,255) EndIf Endif Return

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  oyinloyea, denmar

  

  robertogozzi

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