Candle retracement?

[acastilla]

Hi. I want to send the trade based of a retracement percentage of the previous candle. For example, 50%. How can i do that? I searched but i didn't see a way to do it. I tried by using formulas, getting the total size in pips of the candle, then multiplying by 0.5, and there i get a value that i can rest to the total size of the previous candle, but i have the value in pips of the retracement, and i don't know how to apply it to the current price, because is a exact price, and i have the other value in pips. Maybe one of you knows a proper way to do it. Thanks in advance.

[l'andorrà]

That depends on what you exactly mean by 'retracement'. Could you please elaborate?

[acastilla]

@l-andorrà I already did it. I meant that the current candle reach with the retractment at least 50% of the previous candle. I finally did it, just making another variable for the previous candle high, and then rest the pip amount that i got it the way i described in my first post. Thanks either way!

[l'andorrà]

You're welcome.