Own candlestick Chart

• 09/19/2021 at 12:22 AM #177878
  IG_CFD_Trader

  Hello PRT experts,

  Is it possible to combine a series of candles from a 1Hr chart to create our own candlestick chart?

  Please note that this is different than using a different timeframe to achieve same, because in PRT the timezone is set and can only be altered globally and not individually.

  For example, I want to combine the last 4 bars on a 1Hr chart together and draw them as a single bar. Note this is different than simply looking at 4hr chart (every 1 bar) or 15min chart (every 4 bars).

  I would appreciate any expert input.

  Stay Safe and my best regards

  

  IG_CFD_Trader

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  09/19/2021 at 5:34 AM #177883
  robertogozzi

  There can’t be holes in between candles, so you will have to:

  1. use DRAWCANDLE to plot a white candle so that the original one (almost) disappears
  2. use DRAWCANDLE to plot, in the 4th hour’s place, the combined OHLC values, the lowest LOW, the highest HIGH, the first OPEN, the last CLOSE.

  Try this (not tested):

  DRAWCANDLE(Open,High,Low,Close) COLOURED(255,255,255,255) BORDERCOLOR(255,255,255,255) If openhour MOD 4 = 0 then O4 = open H4 = high L4 = low Endif H4 = max(high,H4) L4 = min(low,L4) If openhour MOD 4 = 3 then C4 = close DRAWCANDLE(O4,H4,L4,C4) Endif RETURN

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  DRAWCANDLE(Open,High,Low,Close) COLOURED(255,255,255,255) BORDERCOLOR(255,255,255,255) If openhour MOD 4 = 0 then    O4 = open    H4 = high    L4 = low Endif H4 = max(high,H4) L4 = min(low,L4) If openhour MOD 4 = 3 then    C4 = close    DRAWCANDLE(O4,H4,L4,C4) Endif RETURN

   

  

  robertogozzi

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  09/19/2021 at 8:55 AM #177890
  robertogozzi

  This is slightly better:

  Size1 = 1.01 Size2 = 0.99 DRAWCANDLE(High*Size1,High*Size1,Low*Size2,Low*Size2) COLOURED(255,255,255,255) //BORDERCOLOR(255,255,255,255) If (openhour MOD 4 = 0) OR (IntraDayBarIndex = 0) then O4 = open H4 = high L4 = low Endif H4 = max(high,H4) L4 = min(low,L4) If openhour MOD 4 = 3 then C4 = close DRAWCANDLE(H4*Size1,H4*Size1,L4*Size2,L4*Size2) COLOURED(255,255,255,0) //BORDERCOLOR(255,255,255,255) r = 255 b = 0 IF C4 > O4 THEN r = 0 b = 255 ENDIF DRAWCANDLE(O4,H4,L4,C4) coloured(r,0,b,255) Endif RETURN

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  Size1 = 1.01 Size2 = 0.99 DRAWCANDLE(High*Size1,High*Size1,Low*Size2,Low*Size2) COLOURED(255,255,255,255) //BORDERCOLOR(255,255,255,255) If (openhour MOD 4 = 0) OR (IntraDayBarIndex = 0) then    O4 = open    H4 = high    L4 = low Endif H4 = max(high,H4) L4 = min(low,L4) If openhour MOD 4 = 3 then    C4 = close    DRAWCANDLE(H4*Size1,H4*Size1,L4*Size2,L4*Size2) COLOURED(255,255,255,0) //BORDERCOLOR(255,255,255,255)    r = 255    b = 0    IF C4 > O4 THEN       r = 0       b = 255    ENDIF    DRAWCANDLE(O4,H4,L4,C4) coloured(r,0,b,255) Endif RETURN

  

  robertogozzi

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  09/19/2021 at 11:11 AM #177905
  IG_CFD_Trader

  tnx mate 🙂

  

  IG_CFD_Trader

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