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Views:: 4426
Rating:: (10)
Published:: 2018.08.23 11:40

WRB.mq5 (10.48 KB) view

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"Wide Range Body" displays candles having body size larger than the body of the previous three candles (configurable).

The indicator displays three types of WRB:

N of consecutive bullish candles
N of consecutive bearish candles
N of consecutive candles of any direction

The indicator has one customizable parameter:

Range - candle range (default is 3)

The sequence of N bullish candles is displayed by a green signal label on the Low price of the WRB candle
The sequence of N bearish candles is displayed by a red signal label on the High price of the WRB candle
The sequence of N oppositely directed candles is displayed by a blue signal label on the Low price of the WRB candle
The sequence of N oppositely directed candles is displayed by an orange signal label on the High price of the WRB candle

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21404

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