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Checking price acceleration

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    Checking price acceleration

    Hi,

    I need a function for my indicator that checks, given any candle, whether it is within an acceleration movement (green rectangles) or a lateral or slow movement



    I can think of looking at the length of the candles, if they overlap with the previous ones, etc. But what basis can I start with?

    Thanks​

    #2
    Hello Powerbucker,

    What is the specific logic you are looking for?

    To find an up bar (green candle) compare the Close[0] to be greater than the Open[0]. For a down bar (red candle) compare the Close[0] to be less than the Open[0].

    If you want to find multiple up bars in a row, compare each bar using the barsAgo index.

    if (Close[2] > Close[1] && Close[1] > Close[0])
    Chelsea B.NinjaTrader Customer Service

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