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
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