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CandleCode V1.0 for NT8
This is a simplified variation of Viktor Likhovidov's digital coding of candlesticks as seen in the September 2001 issue of Stocks & Commodities. Each candlestick is converted into a 3 digit number.
First Digit = High - Open
Second Digit = High - Close
Third Digit = Open - Low
Try it with various bar types and you will see different patterns emerge for minute, range, renko, etc. bar types.
This indie may have value as signaling an entry or exit, especially when used with other indies. Plus, anyone wishing to edit the code will find it very simple and easy to edit.
Those who export their chart data to Excel may find this column of data useful.
Category
NinjaTrader 8 Indicators and More
Details:
CandleCode V1.0 for NT8
Category:
NinjaTrader 8 Indicators and More
October 23rd, 2019
Size: 1.57 KB
Downloaded: 523 times
2114
Fugitive69
Comments/ratings
zohar
October 25th, 2019 11:41 AM
thanks
romus
November 18th, 2019 09:24 PM
Good for trending market
Buscador
November 18th, 2019 11:57 PM
Thank you Fugitive 69, I will test it hard
Buscador
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