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 Highlighting relevant candlesticks Rate this Topic:
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Salonga
 Posted : Thursday, March 28, 2019 8:56:35 AM
Registered User
Joined: 3/28/2019
Posts: 2

Hi everyone,

is there any way of highlighting (different color, signal, etc) all the candlesticks where the price moved more than X% or dropped more than y%?

This is feature is/would be quite useful to easy your work when you are stalking 1 minute charts during several hours.

Thanks everyone

Bruce_L
 Posted : Thursday, March 28, 2019 9:46:55 AM

Worden Trainer

Joined: 10/7/2004
Posts: 65,138

The easiest thing would be to add a Custom PCF % True Indicator to the chart. It will spike whenever its Boolean Formula is true.

So if you mean a percent change greater than say 5% between the close of each bar:

`100 * ABS(C / C1 - 1) > 5`

If you mean the true range is greater than say 5% (using the previosu close as the basis of the percentage).

`100 * ATR1 / C1 > 5`

If you mean the extreme of range from the previous close is greater than 5%:

`100 * GREATEST(ABS(H / C1 - 1), ABS(L / C1 - 1)) > 5`

There are lots of other possibilties as to what you might want to use in the Boolean Formula setting of the Custom PCF % True Indicator.

-Bruce
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Salonga
 Posted : Thursday, March 28, 2019 10:28:47 AM
Registered User
Joined: 3/28/2019
Posts: 2

Bruce,

If any doubt pops up, I will come back to you again.

Meanwhile, I wish you a good working day.

Bruce_L
 Posted : Thursday, March 28, 2019 10:51:32 AM

Worden Trainer

Joined: 10/7/2004
Posts: 65,138

You're welcome.

-Bruce
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