Create indicator

[U0000999]

How to create an indicator that would count the number of consecutive candles for a specified period. Consecutive means several times in a row Open> Close or Close> Open.

Regards!

[NinjaTrader_PaulH]

Hello U0000999,

Thanks for your post.

You would need to use an integer variable as a counter (one for each type, up/down bar). In coding, you would check to see if the Close is greater than open and if so to increment the Up counter as well as "reset" the down counter to zero. If the Open is greater than the close then increment the down counter and reset the Up counter.

Or if you don't want to reset the counters you could just increment the counters.

Here is a simple example where upCounter and downCounter are created as int at the class level.:

if (Close[0] > Open[0])
{
upCounter++; // increment the up bar counter
}
else if (Close[0] < Open[0])
{
downCounter++; // incrementg the down bar counter
}