Looking for an indicator
I am looking for an MT4 indicator for following
Display the rate of the candle and the stick.
For example if the candle's body length is 10pips and its stick has 3pips, the raito is 10:3.
For example if the candle's body length is 10pips and its stick has 17pips, the raito is 10:17. Then we can guess it means pinbar.
Izumi
What do you mean with stick...? How to calculate it..?
eg : Body =MathAbs( Close -Open ) Stick...???
What do you mean with stick...? How to calculate it..?
eg : Body =MathAbs( Close -Open ) Stick...???
Dear Cai Liang:
I mean,the ratio of candle and wick. And the candle's body calculation is just correct as you mention on the reply ,like Body =MathAbs( Close -Open ).
And,I want to know just two type of candle, that has a wick on its top or its tail.
1. For example, the following is the candle with a wick on its top. The open price is 100 and it goes up to max high 170,but close at 120.
Candle's body is 20(=Close[120]-open[100]), and it has a wick , that is 50(=[170]-[120]).
So the candle length is 20, and wick is 50. The rate is 2:5.
2. For example, the following is the candle with a wick on its tail. The open price is 100 and it goes down to min30 ,but close at 120.
Candle's body is 20(=Close[120]-open[100]), and it has a tail wick , that is 70(=[100]-[30]).
So the candle's length is 20, and wick is 70. The rate is 2:7
Izumi,
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I am looking for an MT4 indicator for following
Display the rate of the candle and the stick.
For example if the candle's body length is 10pips and its stick has 3pips, the raito is 10:3.
For example if the candle's body length is 10pips and its stick has 17pips, the raito is 10:17. Then we can guess it means pinbar.
Izumi