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| How to get range candles? |
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aigar88
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| Post subject: How to get range candles? |
Post rating: 0
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Posted: Wed 11 Mar, 2015, 21:07
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User rating: 0
Joined: Wed 04 Feb, 2015, 15:58
Posts: 21
Location: FinlandFinland
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Hello.
Range candles are available in jForex trading platform, but not in visual jForex.
So is it possible to create range candles with visual Jforex?
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amine_chourou
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| Post subject: Re: How to get range candles? |
Post rating: 0
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Posted: Mon 16 Mar, 2015, 10:38
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| Visual JForex expert at Dukascopy |  |
User rating: 288
Joined: Thu 18 Apr, 2013, 09:26
Posts: 1496
Location: Switzerland, Geneva
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Hi,
Can you please define your meaning of Candle range ?
There is the "Average True Range" indicator available in Visual Jforex under the name of ATR. If you're looking for a simple calculation that displays the candle range using OHLC data then you might use the attached example. Else, please advice.
Thanks
| Attachments: |
Candle_Amplitude.vfs [19.48 KiB]
Downloaded 167 times
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aigar88
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| Post subject: Re: How to get range candles? |
Post rating: 0
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Posted: Thu 19 Mar, 2015, 20:54
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User rating: 0
Joined: Wed 04 Feb, 2015, 15:58
Posts: 21
Location: FinlandFinland
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Hi there.
I'm looking for candles that will draw only if predefined value of pips have been covered.
As with normal candles (lets say 1H) the candle will be drawn every hour. What i want is that the candle will be drawn only if the price has covered enaugh "ground". So a 2 pip range candle would draw only if the price has moved 2 pips regardless of the time it took to move those 2 pips.
Similar to renko bars, but from high to low not open to close...
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amine_chourou
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| Post subject: Re: How to get range candles? |
Post rating: 0
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Posted: Fri 20 Mar, 2015, 15:30
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| Visual JForex expert at Dukascopy | |
User rating: 288
Joined: Thu 18 Apr, 2013, 09:26
Posts: 1496
Location: Switzerland, Geneva
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Alright,
I see what you mean but you need to be aware that VIsual Jforex doesn't perform any graphical indication at the level of the chart: It doesn't draw or insert any change in a given chart. It generate signals for trading that could be sounds for instance. Regarding your idea, if the price move 2 pips, you need a time period anyway : The amplitude of 2 pips within a minute ? 10 sec ?
What are the next steps if the price has moved according to your expectations ??
There could be a workaround to achieve your idea...
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