measuring velosity

[frank 2]

hello how can i calculate this formula
average velosity=(candle close price - candle open price)/1hr
from the results i get from the formulae eg: 0.6 as the results
need to send alert if value go below or above 0.1

[jerkha]

Make a formula that does close-open and store result in a variable. Test if variable is negative, would mean a bearish candle. Make it work on 1hr time-frame.

[l'andorrà]

@frank-2 Why that 1 hou division? Do you mean 60 minutes or a 'unitarian' time segment? I'm afraid I don't get it, sorry.

[frank 2]

@l-andorrà yes i mean 60minutes

[l'andorrà]

@frank-2 You will need a variable and then you can do this:

https://fxdreema.com/shared/P1TRtEOEb

You will need another srtucture adjusted for bearish candles, of course.