Candle Counter

[Noufel]

I would like to know whether there is a mt4 indicator to count the number of bull and bear candles seperately in a chart for a given time intervel.

Eg: I want to know how many candles were bulls or bears in the last 2 hour period in a 5 minutes chart.

Regards

Noufel

[brewmanz]

I'm not aware of one (but google search is a wonderful thing ...)

If I were to write this (and I'm not offering, BTW), I would ...

a) keep track of bull candles in one buffer (value 0 or 1) & bear candles in another (value 0 or -1)

b) sum candle count via iMAOnArray() * 24 using SMA with 24 periods

[William Roeder]

1007:
I would like to know whether there is a mt4 indicator to count the number of bull and bear candles seperately in a chart for a given time intervel.

Modify the RSI from

            rel=Close[k]-Close[k+1];
            if(rel>0) sump+=rel;
            else      sumn-=rel;
            k--;
           }
         positive=sump/RSIPeriod;
         negative=sumn/RSIPeriod;

to

            rel=Close[k]-Close[k+1];
            if(rel>0) sump+=1;
            else      sumn+=1;
...
         positive=sump;// /RSIPeriod;
         negative=sumn;// /RSIPeriod;

[William Roeder]

WHRoeder:

Modify the RSI from

            rel=Close[k]-Close[k+1];
            if(rel>0) sump+=rel;
            else      sumn-=rel;
            k--;
           }
         positive=sump/RSIPeriod;
         negative=sumn/RSIPeriod;

to

            rel=Close[k]-Close[k+1];
            if(rel>0) sump+=1;//rel;
            else      sumn-=1;//rel;
            k--;
           }
         positive=sump;// /RSIPeriod;
         negative=sumn;// /RSIPeriod;