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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - TC2000 version 12/18 » Candle Indicator

Candle Indicator Rate this Topic:
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sgolfer
Posted : Tuesday, December 2, 2014 6:29:00 PM
Registered User
Joined: 8/9/2010
Posts: 86

Bruce, I would like to create an indicator that tells me the number or green candles on an hourly chart for one day.  In other words I would like to know prior to the close how many candles on an hourly chart for that day are green.  Is this possible?
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Bruce_L
Posted : Wednesday, December 3, 2014 10:58:48 AM


Worden Trainer

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

It is not possibly to count the number of hourly bars so far which have been green so far in the trading day, but it is possible to count the number of bars which have been green in the most recent 7 bars.

If Color Based On for price is set to Net Change, you could use the following settings for a Custom PCF Indicator.

- Period: 7
- Average Type: Simple
- Formula: 7 * ABS(C >= C1)

If Color Based On for price is set to Open vs Close, you could use the following settings for a Custom PCF Indicator.

- Period: 7
- Average Type: Simple
- Formula: 7 * ABS(C >= O)


-Bruce
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