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Price Change Indicator

Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=71319
Forum: 17 · Topic 71319 · 4 post(s)

Price Change Indicator

virtualtrader · Sun Jul 04, 2021 10:30 pm

could somebody help me to write code in lua for this idea: this is a candlestick analyse in 1 minute TF, it takes 5 analysis points per candlestick on opening time/price of new candle :

  1. if sentiment/ mood trader indicator is less than 50% then input point 1 = bullish/bearish
  2. just after point 1 obtained, first color appear input point 2 = bullish/ bearish
  3. just after point 2 obtained, if current candlestick body is bigger than previous candlestick then point 3 = current candlestick color ( bullish/ bearish) or if current candlestick body is smaller than previous candlestick then point 3 = previous candlestick color (bullish/ bearish)
  4. just after point 3 obtained, calculate the price change up and down, if it has reached a certain amount ( user input ) then if the price change up reached the amount first input point 4 = bearish or if the price chnge down reached the amount first input point 4 = bullish
  5. when point 4 is formed, if the candlestick has one tail then point 5 = point 4 or if the candlestick has two tail then point 5 ≠ point 4

of the five points that have been obtained, then take the dominant point for the result forming the result by arrow

Re: Price Change Indicator

Apprentice · Mon Jul 05, 2021 2:54 am

  1. if sentiment/ mood trader indicator is less than 50% then input point 1 = bullish/bearish
  2. just after point 1 obtained, first color appear input point 2 = bullish/ bearish

Can you clarify these two?

Re: Price Change Indicator

virtualtrader · Mon Jul 05, 2021 9:03 pm

1 the first point which is taken from the lowest percentage or less than 50% of the sentiment indicator at the time of the opening of a new candle if at opening price bullish percentage is less than 50% its mean point 1 is bullish if at opening price bearish percentage is less than 50% its mean point 1 is bearish 2 the first price movement after the opening price, whether the price is moving up its mean first color is green/ bullish or price is moving down its mean the first color is red/ bearish

Re: Price Change Indicator

Apprentice · Tue Jul 06, 2021 2:06 am

Your request is added to the development list. Development reference 615.

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