which indicator or technical method to measure average height of a candle?
Hi i want to build a EA which should trade only when with the minimum specified height of the consecutive candles is being formed. want to know which indicator or technical method is adviced?
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drbmgojanur:
Hi i want to build a EA which should trade only when with the minimum specified height of the consecutive candles is being formed. want to know which indicator or technical method is adviced?
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Hi i want to build a EA which should trade only when with the minimum specified height of the consecutive candles is being formed. want to know which indicator or technical method is adviced?
drbmgojanur:
Hi i want to build a EA which should trade only when with the minimum specified height of the consecutive candles is being formed. want to know which indicator or technical method is adviced?
average true range as known as ATR
Hi i want to build a EA which should trade only when with the minimum specified height of the consecutive candles is being formed. want to know which indicator or technical method is adviced?
doshur:
average true range as known as ATR
thank you, i didnt knew the terminology, thanks a lot :)
average true range as known as ATR
drbmgojanur:
thank you, i didnt knew the terminology, thanks a lot :)
you are welcome
thank you, i didnt knew the terminology, thanks a lot :)
doshur:
average true range as known as ATR
ATR may or may not match your needs, it's better to understand it before using it.
average true range as known as ATR
Hi drbmgojanur,
I think ATR may be good for you.
But if you are looking for doji ("Japanese candlesticks" by Elder) so there are 2 indicators about it:
The last indicator is giving the doji to you (doji is the candle where open and close are equal) as a blue dot. The theory behind this is here and here. And this article may help.
thank you newdigital
"Japanese candlesticks" mainly explain the pattern of the price. ATR tell you the average range of the price.
I think ADX will be good for you too. Or you can just calculate the standarddev of price. They would tell you the strength and deviation of the market.
Documentation on MQL5: Standard Constants, Enumerations and Structures / Chart Constants / Chart Representation
- www.mql5.com
Standard Constants, Enumerations and Structures / Chart Constants / Chart Representation - Documentation on MQL5
Just very small video about doji - video is accompanying by text so we can just read the text:
