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Old 07-27-2006, 02:33 PM
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Calling All Coders And Specialists
OK so this is what i want to do. Maybe it is pointless, but nevertheless, i think it would be helpfull.

Main idea: i want an indicator that will draw a 1 hour candel on the five minute chart. It has to be in such a way so that it is overlayed in the background of 12 5 minute candles. i will post of screen shot of what i mean. So let me know guys. if it has already been done let me know.
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File Type: jpg Candle idea.JPG (31.1 KB, 171 views)
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Old 07-27-2006, 03:37 PM
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Quote:
Originally Posted by jwoger
OK so this is what i want to do. Maybe it is pointless, but nevertheless, i think it would be helpfull.

Main idea: i want an indicator that will draw a 1 hour candel on the five minute chart. It has to be in such a way so that it is overlayed in the background of 12 5 minute candles. i will post of screen shot of what i mean. So let me know guys. if it has already been done let me know.
I found this indicator inside my computer.
Attached Images
File Type: gif customcandle1.gif (20.3 KB, 103 views)
File Type: gif customcandle2.gif (21.0 KB, 137 views)
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File Type: mq4 CustomCandle.mq4 (8.5 KB, 97 views)
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Old 07-27-2006, 03:55 PM
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The other images.
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File Type: gif customcandle3.gif (25.2 KB, 88 views)
File Type: gif customcandle4.gif (25.2 KB, 74 views)
File Type: gif customcandle5.gif (20.8 KB, 72 views)
File Type: gif customcandle6.gif (20.5 KB, 71 views)
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Old 07-27-2006, 04:21 PM
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Just few more images.
Looks good on the history.
I am not sure that it will work in real trading.
Indicators which are painting the bars are ok (there are 6 of them). But only previous custom candle is valid (not current one).
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File Type: gif customcandle8.gif (27.0 KB, 70 views)
File Type: gif customcandle9.gif (27.1 KB, 53 views)
File Type: gif customcandle10.gif (27.3 KB, 53 views)
File Type: gif customcandle11.gif (25.2 KB, 73 views)
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Old 07-27-2006, 04:25 PM
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With this indicator does the higher time frame candle move in real time?
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Old 07-27-2006, 04:38 PM
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Originally Posted by hidethereal
With this indicator does the higher time frame candle move in real time?
Yes.
And because of that only previous candle is valid.
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Old 07-27-2006, 04:45 PM
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thanks newdigital. you seem to have a well rounded database of indicators.
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Old 07-27-2006, 04:56 PM
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Quote:
Originally Posted by newdigital
Yes.
And because of that only previous candle is valid.
This is a very interesting tool, it can be very powerful if you can understand the price action of the candle to the smaller time frame movements.

I'll be testing with this for a while.
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Old 07-27-2006, 05:11 PM
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Quote:
Originally Posted by jwoger
thanks newdigital. you seem to have a well rounded database of indicators.
It is because I was trying to create some other asctrend system on M30 and I created 6 indicators which are painting the bars and got stuck. Because I wanted to create the system to trade once per day per chart only. Indicators are ok but my ideas were finished now for asctrend. So I will post all 6 indicators tomorrow on asctrend thread ad may be somebody will suggest something.
And this CustomCandle indicator may help.
Last edited by newdigital; 07-27-2006 at 05:14 PM.
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Old 07-31-2006, 03:26 AM
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Quote:
Originally Posted by newdigital
I found this indicator inside my computer.
I applied the CustomCandle and nothing happens on the graph. It shows that the indicator is loaded. What could the problem be??

Dave
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