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Question on creating dots on candles Rate this Topic:
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ori0n
Posted : Monday, September 12, 2016 9:47:39 AM
Registered User
Joined: 6/2/2015
Posts: 30

Hi,

May I ask if we can customise the candle to do the following:

- whenever a candle's body is <=50% of the range, it will create a dot on the body.

 

Please advise. 

Thank you

StockGuy
Posted : Monday, September 12, 2016 10:32:57 AM

Administration

Joined: 9/30/2004
Posts: 9,187

Yes, create a Custom PCF indicator using the following formula:

C * ABS(ABS(O-C)/(H-L) <= .5)

Set the plot style to Dots.

Then overlay and scale the indicator with price.  This will place a dot on the candle when the body is <= 50% of the range.

ori0n
Posted : Monday, September 12, 2016 11:27:41 AM
Registered User
Joined: 6/2/2015
Posts: 30

Thanks!! 

it works with the dots above or below the candle. 

 

One last question, can i position it in the body of the candle?

ori0n
Posted : Monday, September 12, 2016 11:28:22 AM
Registered User
Joined: 6/2/2015
Posts: 30

sorry please ignore my last message

Bruce_L
Posted : Monday, September 12, 2016 11:40:46 AM


Worden Trainer

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

I am happy to read you were able to resolve the issue on your own.



-Bruce
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