Custom Indicator
January 16th, 2010
I need a custom indicator based on the GANN’S% Ratio, which uses the following formular to predict the next candle’s move at close of the current candle. That is, at close of the current candle it uses the variable from it to calculate a %ratio, and the value predicts the trend direction for the next candle at it’s opening. I want it arrow based signal! Below is the formular, and the RULE(S)-
Sigal Formula=[(High-Open)+(Close-Low)]/2*(Range), whereby Range= (High-Low)
Trading Rule(s)
SELL Signal- at a ratio of 64% or Higher (i.e Over Bought-OB)
BUY Signal- at a ratio of 37% or lower (i.e Over Sold-OS) Note:Indicate Stay out or Sideways for anything between the two, 37% and 64%
Categories: C/C++, Delphi, mSQL, Visual Basic candle, Custom, custom indicator, Indicator, ratio, signal, the current candle
