Candle_Code - indicatore per MetaTrader 5

Indicator Candle_Code displays in a separate window the "code" of candlesticks as lines built on the ratio of each candle's parameters. Each parameter of one candlestick has its weight within the general view of its candle:

1. Candlestick body size;
2. Upper candlestick shadow size;
3. Lower candlestick shadow size;
4. Candle direction;
5. A gap between the adjacent candlesticks (the current one and the previous one).

The indicator has 10 input parameters:

• Body size weight - candlestick body weight;
• Upper shadow weight - upper candle shadow weight;
• Lower shadow weight - lower candle shadow weight;
• Candle direction weight - candle direction (bullish/bearish) weight;
• Gap weight - weight of the distance between the adjacent candles;
• Show weights data line - whether to display the line of the general calculated weight data of each candlestick or no (Yes/No);
• First MA period - period of calculating the first smoothing moving average to be calculated by the line of candlestick weights;
• First MA method - first moving average calculation method;
• Second MA period - period of calculating the second smoothing moving average to be calculated by the data of the first MA;
• Second MA method - second moving average calculation method.

Abs(Open-Close) = absolute size of the candlestick body
Avg(Open-Close) = average size of the candlestick bodies over the period of history data
BodyWeight = candlestick body weight defined in the parameters

Fig 1. Default weights.

Fig. 2. Candlestick direction weight = 512

Figure 2. Default weights, Show data = Yes