Has anyone found/coded a 'Stop and Reverse single pivot' indicator (youtube vid incl. for more explanation)

[Fro]

I was wondering if anyone has seen the indicator used in the following youtube clip for MT4?


https://www.youtube.com/watch?v=rv0-u_9FDTE watch from 2:21



-Tanks

[zzuegg]

hi,

do you mean the indicator with the pivot line and the blue (above pivot line) and red (under pivot line) candels?
if yes it should be quite easy to code.

double pp=(High[1]+Low[1]+Close[1])/3;
if(Close[0]>pp){
  //Blue Candle
}else{
  if(Close[0]>pp){
    //Red Candle
  }
}

sorry i am not able to write the whole indicator for you, mostly because i never figured out how to draw Histogramms with 2 variable positions.