Is it possible to use Current candle (Rather than candle Close confirmation)

MP432

Member
Hello all,
I am playing around with creating an indicator using candle patterns.
Typically, pattern recognition uses the close of a candle to confirm a pattern and then enters at the open of the following candle.
I would like to know if it is possible to create a indicator that uses the current candle for confirmation.

example:

close[1] < open[0]
This should not take until the close of the current candle to confirm, conditions might be met right at candle open.

How would I write an indicator to provide a signal if the above condition is met at anytime during the formation of the candle?

Thanks!
 
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Solution
Hello all,
I am playing around with creating an indicator using candle patterns.
Typically, pattern recognition uses the close of a candle to confirm a pattern and then enters at the open of the following candle.
I would like to know if it is possible to create a indicator that uses the current candle for confirmation.

example:

close[1] < open[0]
This should not take until the close of the current candle to confirm, conditions might be met right at candle open.

How would I write an indicator to provide a signal if the above condition is met at anytime during the formation of the candle?

Thanks!
suggestions,
stop using words that don't apply to charts. they just add confusion.
like confirm. that is just an opinion, and...
Hello all,
I am playing around with creating an indicator using candle patterns.
Typically, pattern recognition uses the close of a candle to confirm a pattern and then enters at the open of the following candle.
I would like to know if it is possible to create a indicator that uses the current candle for confirmation.

example:

close[1] < open[0]
This should not take until the close of the current candle to confirm, conditions might be met right at candle open.

How would I write an indicator to provide a signal if the above condition is met at anytime during the formation of the candle?

Thanks!

not really sure what you are doing but i will use your example just for explaining purposes. but not because the actual idea makes sense. here you go based off your example and explanation.
def entire_candle = close[1] < high[0] or close[1]<low[0];
that will cover the entire range of the candle from the high to the low of the candle including the open. comparing to the high and the low of the candle covers the entire candle.
 

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Hello all,
I am playing around with creating an indicator using candle patterns.
Typically, pattern recognition uses the close of a candle to confirm a pattern and then enters at the open of the following candle.
I would like to know if it is possible to create a indicator that uses the current candle for confirmation.

example:

close[1] < open[0]
This should not take until the close of the current candle to confirm, conditions might be met right at candle open.

How would I write an indicator to provide a signal if the above condition is met at anytime during the formation of the candle?

Thanks!
suggestions,
stop using words that don't apply to charts. they just add confusion.
like confirm. that is just an opinion, and clutters things up.
don't use 'take'. say true or false.

study bars and offsets and become aware of what happens when. you are sloppy in stating when things happen. become more precise and understanding will come.

this has no meaning,
'uses the current candle for confirmation'

this,
close[1] < open[0]
WILL be 'evaluated' at the open of current candle. not maybe. not the close of current candle.
 
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