Does anyone know of an indicator that can identify bar chart candles as they relate to the Zorro or the Chili-type candle formations?
In other words, an indicator that can be programmmed to indentify the maximim height of a bar, while figuring in the Open & Close positions, when the resulting shape of this bar is what could be referred to as one part of the figure (with HAS being the 2nd part.)
Something like this:
(descriptions); [default examples]
Bar Max (pips from extreme high to extreme low): [30]
Open Max (pips from extreme high): [3]
Close Max (pips from extreme low): [3]
So in this example an alert would come when BOTH the Open Max & Close Max positions are 1-3 pips (but not more) from the extreme top & bottom of the (30 pip) bar.
Even better if this indicator can be paired with a strong MA indi.
In this example PA forms the foundation of the indi (and subsequent trade) in the form of the Zorro bar. Being called to the screen by the alert allows me to check the MA and the HAS to confirm entry (or not.)
Best result is an indicator that has a 2nd group of settings for setting up for a Chili formation.
In other words, an indicator that can be programmmed to indentify the maximim height of a bar, while figuring in the Open & Close positions, when the resulting shape of this bar is what could be referred to as one part of the figure (with HAS being the 2nd part.)
Something like this:
(descriptions); [default examples]
Bar Max (pips from extreme high to extreme low): [30]
Open Max (pips from extreme high): [3]
Close Max (pips from extreme low): [3]
So in this example an alert would come when BOTH the Open Max & Close Max positions are 1-3 pips (but not more) from the extreme top & bottom of the (30 pip) bar.
Even better if this indicator can be paired with a strong MA indi.
In this example PA forms the foundation of the indi (and subsequent trade) in the form of the Zorro bar. Being called to the screen by the alert allows me to check the MA and the HAS to confirm entry (or not.)
Best result is an indicator that has a 2nd group of settings for setting up for a Chili formation.
