Quantized Tick Candlesticks (QTC)

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Quantized Tick Candlesticks (QTC)

Postby mennzz » Mon Mar 05, 2018 1:44 am

Hi,

Would it be possible to create an indicator or chart view based on the following parameters?
Much appreciated! :D


Chart View:
Each candle consists of a specified number of tick movements (counts) before the next candle opens, regardless of the tick's direction or pips traveled.

For example: If the parameter is set to 4 ticks:
Candle X opens at 1.00001. It then moves to 1.00002 then to 1.00005 then 1.00003 then 1.00004. It counted 4 ticks which means = new candle opens (and starts counting again). The previous candle will have a body and wick with an OPEN at 1.00001, a HIGH of 1.00005, and a CLOSE at 1.00004. (And the new candle will open at that previous close.)

The candle bar parameter should be able to be set to however many ticks wanted. i.e. 5,800 or 10,000 or whatever.

There obviously needs to be an initial candle to start the tick count so that each consecutive candle knows when to open and close. So there should be an input option to define a date and time for when the initial candlestick should pull the tick data and start counting the ticks (generating candles).

Looking forward! :)
mennzz
 
Posts: 78
Joined: Sun Jul 04, 2010 4:28 pm


Re: Quantized Tick Candlesticks (QTC)

Postby mennzz » Mon Mar 05, 2018 11:12 pm

Thanks!
mennzz
 
Posts: 78
Joined: Sun Jul 04, 2010 4:28 pm


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