Hi everyone,


I came across this thread - the idea seems pretty promising at a glance. I created this indicator, hoping this might assist you with your system. I haven't created an EA for this to confirm , but I suspect your right over the long haul of this being quite profitable.


for lack of a better name - this one is called 'Alert Candle'

Its nothing special - just measures where the close is in relation to the entire bar. One setting for the level (default is 0.5). Alerts Up/Down arrow depending on where it is.



**edit....sorry folks, somehow I missed what was specifically need re: the Higher High vs body position.....I am fixing the code and will repost


***edit 2 - corrected code

Attached Files

Alert Candle.mq4 (2.4 KB, 160 views)