Highest Low (Candles Period)
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Hi,
I'm using the Market Properties > Highest Point (Candles Period) but really need to check the highest Candle Low of a Candles Period, e.g. the highest candle low of the range 0-10 is above an indicator. I'd also like to do it for the reverse as well, i.e. the Lowest High (Candles Period).
Does this already exist?
Cheers
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Probably, in form of indicator
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So, there is no function? I need to find an indicator somewhere that will do this and add as a custom indicator?
Just checking I understand what you're saying
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There are some functions for some things. You can do everything that an indicator can do... in theory, but there are some problems:
- Expert advisors are not optimized to work as indicators. It's easy to make indicators to Not recalculate past candles on every tick.
- You want something that is not specific. 5 people can make 5 custom indicators to detect the lowest high, and they will work in a different way, they will probably detect different things, and they will all have different kind of input parameters. Let's say that I add this option now... then later someone will say "I want this, but not exactly this, I want it slightly modified".
- Isn't it better if you can see the lowest high on the chart, the level that is detected? Indicators do this automatically.
There are some S&R indicators out there. Fractals is also from this type of indicators. People also like Zig Zag. I hate this one, but did something for this indicator back then - go to Condition -> Indicator -> Zig Zag to see it.
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Thanks,
Ironically the system I'm using is using ZigZag as the backbone, so thanks for putting that one in.
Maybe there is another way you know of (that doesn't require a highest low indicator) that can solve the problem I have. Here's the problem:
- I want to be able to check that the price has gone below a MA, formed at least 1 candle below the MA (the candle cannot touch the MA)
- Then place a buy trade on the next candle that goes above the moving average (that is not touching the MA)
Any help much appreciated.
Cheers
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Ummm... can you show this one as a screenshot? I use Lightshot to do this, very helpful program, I use it even to show things to my friends.
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Sure thing, here you go:
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What if you just detect when the candle crosses over that MA. If the price crosses over MA, this means that it was below MA before. There is another approach - detecting crossover between two MAs.
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Many thanks! The moving average insight helped. I managed to solve it!
MA set to Candle High, Period 1, Cross Width 1. This validates it must have crossed under at some point and at least 1 candle wasn't touching the MA.
