Candel Sticks Indicator and Filters

Oracle · #1 (**permalink**) 03-22-2006, 12:33 PM

Hi Guys

Realy Great Stuff you are presenting here. I wanted to share this indicator with you.

The Indicator is to show the candel sticks reversal patterns. I know that there is 2 or 3 indicators are doing the same as this one.

But what I added in this indicator is to recognize the full pattern not only the shap of the candell like the otheres did.

For Ex. For Hammer pattern it must have a 3 candells up befor the formation of the pattern itself so the indicator will never alert you for the pattern unless this condition is met.

The things that I need you to help me in is to slove this 2 problems I had.

1- I do not know how to show the comment above or under the arrow up or down.

2- I wanted to add a littel filter on this indicator by which I think it will be realy powerfull. is to code the Stochastics over bought and overslod inside the conditions for the alert.

So for Ex. it will never give you long alert till it has any of the long candel sticks reversal patterns plus the Stochastics under 25.

Please see if you can do something about these 2 problems

Here is the indicator

Kalenzo · #2 (**permalink**) 03-22-2006, 12:52 PM

For dynamic label U can use my function :

void drawLabel(string name,double lvl,color Color)
{
if(ObjectFind(name) != 0)
{
ObjectCreate(name, OBJ_TEXT, 0, Time[10], lvl);
ObjectSetText(name, name, 8, "Arial", EMPTY);
ObjectSet(name, OBJPROP_COLOR, Color);
}
else
{
ObjectMove(name, 0, Time[10], lvl);
}
}

Adjust Time[x] param for better presentation.

Shahzadfx · #3 (**permalink**) 03-22-2006, 04:09 PM

Thank you Orcale for an indicator.
Here is my observation.

Rgds,
SFX

yano125 · #4 (**permalink**) 03-19-2007, 04:42 AM

Quote:

Originally Posted by Kalenzo

For dynamic label U can use my function :

void drawLabel(string name,double lvl,color Color)
{
if(ObjectFind(name) != 0)
{
ObjectCreate(name, OBJ_TEXT, 0, Time[10], lvl);
ObjectSetText(name, name, 8, "Arial", EMPTY);
ObjectSet(name, OBJPROP_COLOR, Color);
}
else
{
ObjectMove(name, 0, Time[10], lvl);
}
}

Adjust Time[x] param for better presentation.

Hi. Oracle asked for some help to improve his indicator. I was just wondering.... Kalenzo proposed something above (I assume it to be a response to Oracle's request for help). However, no one has put up an improved indicator incorporating this change. Or am I just missing it?

If no one has done it, can somebody knowledgeable do this if Oracle and Kalenzo can not do it for now?

Thank you