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snrobin101  
How you calculate this? By
  1. Number of candles in trend?
  2. Candle body size?

  3. Tick volume?

    Which? 

Imam Nasrudin  
snrobin101 #:
How you calculate this? By
  1. Number of candles in trend?
  2. Candle body size?

  3. Tick volume?

    Which? 

Calculations using the volume of bull and bear candles,

Example: In 9 candle history, 5 candles are bull and 4 candles are bear.

- Total volume of 5 bull candles: 4000.

- Total volume of 4 bear candles: 6000.

Total volume in 9 candles: 4000 + 6000 = 10000

Percentage:

BULL: 4000 (total bull volume) / 10000 * 100 = 40%

BEAR: 6000 (total bear volume) / 10000 * 100 = 60%


Hope this helps.. thank you..

langfeldt71  
Imam Nasrudin #:

Calculations using the volume of bull and bear candles,

Example: In 9 candle history, 5 candles are bull and 4 candles are bear.

- Total volume of 5 bull candles: 4000.

- Total volume of 4 bear candles: 6000.

Total volume in 9 candles: 4000 + 6000 = 10000

Percentage:

BULL: 4000 (total bull volume) / 10000 * 100 = 40%

BEAR: 6000 (total bear volume) / 10000 * 100 = 60%


Hope this helps.. thank you..

So your saying set to 14, 7 are bullish and 7 are bearish? And would the bias always be in odd numbers 3,5,7,9,11, etc. that the bullish will always be the higher number like 3, 2 bull 1 bear, 5 would be 3 bull 2 bear etc.?

Imam Nasrudin  
langfeldt71 #:

So your saying set to 14, 7 are bullish and 7 are bearish? And would the bias always be in odd numbers 3,5,7,9,11, etc. that the bullish will always be the higher number like 3, 2 bull 1 bear, 5 would be 3 bull 2 bear etc.?

Not always, you can also use even values.

What's important to understand about this indicator is that it focuses more on calculating the volume of bull and bear candles from the total number of historical candles specified.

Therefore, it doesn't require an odd number of historical candles.

Additionally, not included in this version:

Doji candles will always be assigned a value of zero (0) because they don't change the price between their Open and Close.

For example:

  • Candle History = 10.
  • BULL candles = 4.
  • BEAR candles = 4.
  • DOJI candles = 2.

In this version, the indicator will concentrate on calculating candles that cause price changes (BULL & BEAR), which will then be calculated as explained in my comment above.

To everyone reading this, please comment with your feedback.

Because, as long as possible, I will make this indicator free for everyone.

Thank you.

H20Real  

Hello, it is interesting and useful indicator for sure.

Can you make the size of panel and text sizes able to adjuste on future updates. Because when using big screen with 4k resolution it is too little to see normally.

Also it would be nice if can but this panel itself with mouse or can also adjust where it is on the map.


Thanks

Imam Nasrudin  
H20Real #:

Hello, it is interesting and useful indicator for sure.

Can you make the size of panel and text sizes able to adjuste on future updates. Because when using big screen with 4k resolution it is too little to see normally.

Also it would be nice if can but this panel itself with mouse or can also adjust where it is on the map.


Thanks

This is an additional note for development. If possible, I'll add a feature to adjust the scale for pixel adjustments in a future update. Thank you for your feedback.

equalitygr  
Very useful indicator. Can you add option to display it at the right side of the chart?
Imam Nasrudin  
equalitygr #:
Very useful indicator. Can you add option to display it at the right side of the chart?
Thank you equalitygr for your comment, I will consider your input for the next update.
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