Discuss Candle Wicks Length Display indicator (displays lengths of candlestick wicks directly on the chart if they exceed a given limit) for MT4 and MT5 in this thread. You can ask any questions about this indicator here.
Candle Wicks Length Display
- Thread starter Enivid
- Start date
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Do you want to be able to specify different amounts of pips for the upper and lower wicks? Or only one amount?
BTW, do you need it for MT4 or for MT5?
BTW, do you need it for MT4 or for MT5?
I've coded the indicators you wanted for both MT4 and MT5. Please, see the attachments and let me know if anythings should be changed. BTW, it should be indicator, not EA, since it doesn't trade.
Thread renamed to fit the content and moved to Indicators subforum.
Thread renamed to fit the content and moved to Indicators subforum.
Enivid! I was checking out your indicator and I was wondering if there is a way to modify it a bit. Is there a way to put an arrow up/down for the wicks that are x amount of pips.
Basically the indicator would only put an arrow once the candle has been closed and if it was x amount of pips (determined on input by user). And for back-testing, if the indicator could put all arrows in the chart even those candles that already have passed? So when you scroll back into the past you would be able to see the arrows?
Maybe it's asking too much but I believe we would all benefit from it
Thanks so much!
Or if you could add the numbers of pips on the wick on that chart like this person did on NinjaTrader, it would be great!
http://www.forexhound.com/article/Blogs/Forex_Spirit/Whickty_Whack/130281
http://www.forexhound.com/article/Blogs/Forex_Spirit/Whickty_Whack/130281
Will see what I can do. So, you want both arrows and numbers displayed? Or differently colored numbers would be enough?
Anyway, I've decided to go with plain numbers displayed in different colors. See the attachments. Indicator is available for MT4 and MT5 and it adds functionality to the previous. Display can be turned off by setting the DisplayWickLimit to something ridiculously high. This limit is given in "normal" pips, not fractional and doesn't depend on your broker.
D
Deleted member 76226
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I have a suggestion for this indicator. Do a function that shows the wick average of the pair. If I set to 50 candles, it will sum the percentage of each candle and divide by 50, then showing the wick average as a final result. It will be very very very helpful for binary options.
Like this indicator (paid):
Like this indicator (paid):
Thanks! I will consider adding this in the next version of the Candle Wicks Length Display indicator.
D
Deleted member 76226
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Can you please do a lower limit
E.g displays just 0 wicks (wickless candle display).. or displays wicks lower than "5" instead of higher than "5" when you input 5
That's a good idea! I will add it in the next version of the indicator.
Version 1.09 of Candle Wicks Length Display is now out. It implements, among other stuff, features suggested by @Jajaofopobo and a self-deleted member in this post. Here how it looks with the LessThan and ShowAverageWickSize options turned on:
