Request 1

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Request 1

Postby siapmn » Sat Apr 17, 2021 4:31 pm

Request 1 :
Rule # 1:
The Price Formula which is mentioned below has to move upward/downward, there must be a "Leg" for uptrend and downtrend.
Monthly: (2.5 * Monthly Range Candle) ≤ Leg.
Weekly: (2.4 * Weekly Range Candle) ≤ Leg ≤ (5 * Weekly Range Candle).
Daily: (2.4 * Daily Range Candle) ≤ Leg ≤ (6.4 * Daily Range Candle).
4 Hours: (2.4 * 4H Range Candle) ≤ Leg ≤ (5.8 * 4H Range Candle).
1 Hours: (2.4 * 1H Range Candle) ≤ Leg ≤ (4.8 * 1H Range Candle).
15 Minutes: (2.4 * 15M Range Candle) ≤ Leg ≤ (4.8 * 15M Range Candle).
5 Minutes: (2.4 * Daily Range Candle) ≤ Leg ≤ (4.8 * Daily Range Candle).
Notice: This move could perform in 1 candle or (n+1) candle.

Rule # 2:
Notice: Rule#2 has to happen "if" Rule#1 is completely accepted.
A candle is needed which its size is between "1% - 120 % of The same time frame Range Candle". In another hand this candle has to be a "spinning candle or standard candle"

Rule # 3:
Notice: Rule#3 has to happen "if" Rule#2 is completely accepted.
The next 2 candles have to close between high and low of the previous candle (Rule # 2' candle).
An "Alert" is definitely needed after this three rules. Whenever there is a Popup I need any information about: Time frame, Symbol, bid/ask and Telegram Bot field.

Range Candle (pip) Formula:
(Price * 66%) = Daily Range Candle (pip)
Notice : If price has Decimal places we need An integer Number>>>>>
for example :
Daily Range = (0.92935*66%)=0.613 >>> 0.613*100 = 61 pip
Daily Range = (10.964*66%)=7.23624 >>>> 7.234*10 = 72 pip
Daily Range = (77.706*66%)=51 pip

Daily Range Candle * 5.5 = Monthly Range Candle
Daily Range Candle * 2.6 = Weekly Range Candle
Daily Range Candle * 40% = 4hour Range Candle
Daily Range Candle * 20% = 1hour Range Candle
Daily Range Candle * 10% = 15minutes Range Candle
Daily Range Candle * 5% = 5minutes Range Candle

Candle Size Formula:
1% of Range Candle ≤ Spinning Candle ≤ 79% of Rang Candle.
80% of Range Candle ≤ Standard Candle ≤ 120% of Rang Candle.
121% of Range Candle ≤ Long Bar Candle ≤ 250% of Rang Candle.
250% of Range Candle ≤ Spike Candle ≤ ∞ unlimited.
Attachments
Test .jpg
siapmn
 
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Joined: Fri Jan 15, 2021 8:16 am

Re: Request 1

Postby Apprentice » Sun Apr 18, 2021 2:06 am

Your request is added to the development list.
Development reference 362.
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Apprentice
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Re: Request 1

Postby siapmn » Wed Apr 28, 2021 2:19 pm

Apprentice Please Let's simplify the formula :

The first condition is to have a leg
After that The second condition is to have 3 candle that candle 2 and 3 closed inside candle 1 .
We need alarm .

What do we mean by leg in 5 Min Time frame?
Whenever we move between (2.4 *Average 5 min Candle Range) And (4.8 * Average 5 min Candle Range) in 5 min time frame.

What do we mean by leg in 15 Min Time frame?
Whenever we move between (2.4 * Average 15 Min Candle Range) And (4.8 * Average 15 Min Candle Range) in 15 min time frame.

What do we mean by leg in 1 Hour Time frame?
Whenever we move between (2.4 * Average 1 hour Candle Range) And (4.8 * Average 1 Hour Candle Range) in 1 Hour time frame.

What do we mean by leg in 4 Hour Time frame?
Whenever we move between (2.4 * Average 4 hour Candle Range) And (5.8 * Average 4 Hour Candle Range) in 4 Hour time frame.

What do we mean by leg in Daily Time frame?
Whenever we move between (2.4 * Average Daily Candle Range) And (6.4 * Average Daily Candle Range) in Daily time frame.

What do we mean by leg in Weekly Time frame?
Whenever we move between (2.4 * Average Weekly Candle Range) And (5 * Average Weekly Candle Range) in Weekly time frame.

What do we mean by leg in Monthly Time frame?
Whenever we move more than (2.5 * Average Monthly Candle Range) in Monthly time frame.


What is Average Candle Range?
I have a personal formula for ADR (Average Daily Candle Range)
This formula is similar to ATR but optimized.
This means that on average, each candle moves an "n" pip movement in Daily Time frame.
Movement means from top to bottom of the candle size.
Formula for ADR:
Price * 66% = ADR
Notice : If price has Decimal places we need An integer Number
Example : EUR/USD Price
1.20709 * 66% = 0.7966
ADR Eur/Usd = 79 pip
Now To get the average movement in other time frames, we use the following formula:

for Average 4 hour Range candle range = ADR * 40%
for Average 2 hour Range candle range = ADR * 30%
for Average 1 hour Range candle range = ADR * 20%
for Average 15 min Range candle range = ADR * 10%
for Average 5 min Range candle range = ADR * 5%
for Average weekly Range candle range = ADR * 260%
for Average Monthly Range candle range = ADR * 550%

A complete example :
ADR : USD/JPY price * 66%
ADR : 108.690 * 66% = 71.73 pip
Average Daily Candle Range USD/JPY = 71 pip
for Average 4 hour candle range = 71 * 40% = 28 pip
for Average 2 hour candle range = 71 * 30% = 21 pip
for Average 1 hour candle range = 71 * 20% = 14 pip
for Average 15 min candle range = 71 * 10% = 7 pip
for Average 5 min candle range = 71 * 5% = 3.5 pip
for Average weekly candle range = 71 * 260% = 184 pip
for Average Monthly candle range = 71 * 550% = 390 pip

Now we want to calculate the size of the leg:
Monthly leg : (2.5 * 390) ≤ Leg.
Weekly: (2.4 * 184) ≤ Leg ≤ (5 * 184).
Daily: (2.4 * 71) ≤ Leg ≤ (6.4 * 71).
4 Hours: (2.4 * 28) ≤ Leg ≤ (5.8 * 28).
1 Hours: (2.4 * 14) ≤ Leg ≤ (4.8 * 14).
15 Minutes: (2.4 * 7) ≤ Leg ≤ (4.8 * 7).
5 Minutes: (2.4 * 3.5) ≤ Leg ≤ (4.8 * 3.5).
Notice: This move of leg could perform in 1 candle or (n+1) candle.
Attachments
Base Pivot.jpg
siapmn
 
Posts: 41
Joined: Fri Jan 15, 2021 8:16 am

Re: Request 1

Postby siapmn » Thu May 06, 2021 5:16 am

Thank you for your efforts
Do I hope to make this indicator ?!
siapmn
 
Posts: 41
Joined: Fri Jan 15, 2021 8:16 am

Re: Request 1

Postby siapmn » Sun May 09, 2021 2:05 am

Dear Apprentice
I beg you
I really need this indicator.
siapmn
 
Posts: 41
Joined: Fri Jan 15, 2021 8:16 am


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