Candle High/ Low

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Candle High/ Low

Postby Kelly123 » Sat Mar 28, 2020 3:32 pm

Hey Apprentice,
Can you help in creating an indicator that would draw the highs / lows of the previous closed candle, for selling candle to use ask price and for buying candle to use bid price if price does not close past previous candle no data can be printed and last printed data to stay on chart till new close past previous candle created , to be updated on the close of the candle. Two colour line option for buyers and sellers
Hope you can help
Kelly

High  Low Candle.jpeg
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Re: Candle High/ Low

Postby Apprentice » Mon Mar 30, 2020 6:47 am

Your request is added to the development list.
Development reference 964.
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Re: Candle High/ Low

Postby Apprentice » Thu Apr 02, 2020 5:29 am

We are not sure of the logic, what needs to be drawn.
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Re: Candle High/ Low

Postby Kelly123 » Thu Apr 02, 2020 7:46 am

Apprentice wrote:We are not sure of the logic, what needs to be drawn.


To identify when price is trending or in a channel also for TP & SL
When price closed above previous candle high use BID price
When price closed below previous candle low use, ASK price
Works fine when price is trending not so good when in a channel not mentioned in original request can you add the current candle high (when closed) after price is closed above previous candle high, if the following candle after the current high was printed & price never closed above, if now new lows was created then would print previous candle low when price closed below and the current candle low the original Buyers data would be historical high/low until candle closed beyond the levels
Previous and current candle data to be shown until price closed above previous candle or below current candle
If new buyers or sellers data to be printed in the considered range area then original sellers data to become historical line and colour option and add a filled transparency on historical considered range area to use ask price on sellers candles and bid price on buyers candle
1. Print previous high if price close above
2. Print current high on close of candle when a previous candle high printed
3. if price fails to close above and new sellers data is printed the buyers data to stay as historical
4. Data still to be printed in the considered range area (as per screenshot)
5. To use BID for buyers candles and ASK for sellers candle
Points 1-3 would be vice versa for sellers close below, current low and fails to close below
Would need line and colour option for both historical and current data
ps: screenshot 1 original request screenshot 2 new adjustments
Hope this explain and you can help
Kelly

High  Low Candle.jpeg


HLC.jpeg
Kelly123
 
Posts: 68
Joined: Tue Jan 15, 2019 11:33 am


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