Candle Total Height range


Candle total height range screener looks to the total range (High-Low) of the previous candle and returns BUY and SELL if the range of the previous candle is within the defined range. This filter give either a signal BUY, SELL or NO SIGNAL.

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

 

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

Allowed values:

  • true
  • false
candle_total_height_interval_lower int The value in points of the minimum height of the candle Default value: 100

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

candle_total_height_interval_upper int The value in points of the maximum height of the candle Default value: 300

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

Example:
Screen Shot 2015-08-21 at 21.44.28

This program is designed to be configured to run your own strategies and for that you will need to analyse and backtest your strategies. If you want to use this screener, then the values should be set according to the pair you are trading.