fxDreema

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    Candle Lows and Highs

    Questions & Answers
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    • ekanters
      ekanters last edited by

      As seen in picture the first part is easy to solve with candle ID's but the second part the candle wicks keep making lower lows without breaking 2 higher lows in a row. Hope you can solve this for me.

      I figure its simple but can't find it 🙂

      ......
      Wick Lows.jpg

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      • fxDreema
        fxDreema last edited by

        I don't really understand what is going on here, but what about comparing Moving Averages?

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        • ekanters
          ekanters last edited by

          This can't be done with MA's. Its all a bout sell a break of 2 higher lows in a row or buy a break of 2 lower highs in a row. Thought I made it simple to understand.

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          • fxDreema
            fxDreema last edited by

            I got the idea. There is no special block to do this thing

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            • ekanters
              ekanters last edited by

              Can you create such a block in the future? Would be great. Because after all the magic nr in candles is all about 3. The third candle always controls the balance for up and down.

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              • fxDreema
                fxDreema last edited by

                I don't think I will. This is one of the things that are specific and also this is one of the reasons why custom indicators exists. Basically, expert advisors are designed for trading, to create, modify and close trades and pending orders, while indicators are designed to make mathematical calculations using the available data from candles and return results. Also, indicators can print that data on the chart and they can also work with the data better - they will not recalculate the same stuff again and again on every tick. In EAs this is tricky, I tried to make such things before and I don't like the results.

                Well, if you know MQL4 a little, you can try to make some custom block. But as I said, the same data will be recalculated again and again. The code in a custom block looks as simple as this: http://prntscr.com/8uzpch The only thing here is ~next~ which represents the orange output and ~inext~, which is optional and represents the yellow output. But better than that is to make some custom indicator that can put arrows as signals or something like that.

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                • B
                  bgvulk last edited by

                  Try this

                  http://i.imgur.com/S49muwA.jpg

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