Candle Body Height Range


Candle body height range screener looks to the body height of the previous candle and returns BUY and SELL if the height of the last candle is within a defined range. This filter give either a signal BUY or SELL and NO SIGNAL.

Note: This filter is designed to be used with other filters as it returns true is there is a signal but do not specify if is a BUY or SELL. If there is no signal, the the filter will return false, meaning that the filter did not produce any signal.

 

Parameter Name Parameter Type Description Default value/allowed values
candle_body_height_interval_screener_enabled boolean Whether this screener is enabled or not Default value: false

Allowed values:

  • true
  • false
candle_body_height_interval_lower int The value in points of the minimum height of the candle’s body Default value: 100

YOU SHOULD SET THIS VALUE ACCORDING TO THE PAIR THE EA IS TRADING.

candle_body_height_interval_upper int The value in points of the maximum height of the candle’s body Default value: 300

YOU SHOULD SET THIS VALUE ACCORDING TO THE PAIR THE EA IS TRADING.

 

Example:

Screen Shot 2015-08-21 at 21.44.07

Note: This software is meant to be configured with your own strategies and for that you will need to analyse and backtest your strategy. If you want to use this filter, then the values should be set according to the pair you are trading.