INDICATOR

We need:   MID  & Open   & Close    (very simple J )

0 = actual candle

-1 = previous candle

+1= next candle

Candle type A  = is valid if

Close  0 > Open 0  (normal bullish candle)

&

Close 0 <= MID -1

We keep data of MID 0 & use specific color and wingdings for it

Candle type B  = is valid if

Close 0 < Open 0  (normal bearish candle)

&

Close 0 <= MID -1

We keep data of Mid  0 & use specific color and wingdings for it

Signals:

Trends & Swing & Double swing

We monitor only valid candles only valid Mid 0

We get signals for each type = we don’t mix signals from type A & B

We get choice of alert & pop up for each type in the menu

Each type have a specific wingding and color

Trends:

Trend up   = mid -1 < new mid 0

Draw arrow under candle of new valid mid 0

Trend Down = mid -1 > new mid 0

Draw arrow over candle of new valid mid 0

Swings:

Swing UP = Trend -1 is up & trend 0 is down

Or

Swing down = Trend -1 is down & trend 0 is up

Draw wingding over or under

Double swings:

Double swing up = Mid -1 is swing up  & Mid 0 is swing down

Or

Double swing down = mid -1 is swing down  & mid 0 is swing up

Draw wingding over or under

Same logic for other type of candles

We don’t mix the signals coming from type A & type B

All those wingdings stay on chart

LINES

Always draw 4 lines

2 for type A 2 for type B

Start from valid Mid0 till the end

Refresh draw only on the last valid 4

One color for each type

pics

 &

T h a n k s