calculation of the body size (opening/closing) of an M5 candlestick, resulting in PIPS
calculation of the body size (opening/closing) of an M5 candlestick, resulting in PIPS
11 Dec 2022, 23:56
I need to implement in my algorithm the calculation of the body size (opening/closing) of an M5 candlestick, resulting in PIPS.
Today I run it like this:
(Bars.LastBar.Close - Bars.LastBar.Open)
However, the return of this information is an absolute value.
Example:
(0.80217 - 0.80222) = 0.00005
But I need this result to be in PIPS.
Can someone help me please?
Replies
thebeinvest
16 Dec 2022, 00:16
RE:
PanagiotisChar said:
Hi there,
Try this
(Bars.LastBar.Close - Bars.LastBar.Open) / Symbol.PipSize
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Thanks for the answer. I love you.
This solved my problem.
I have another question in this context, see if you can help me.
I need this calculation below to be performed only once. I don't want this account running all the time.
That is, every time I open a position, I do this calculation and it is used as a variable in the program, and is no longer recalculated.
var cbodycandlePrevious = pos.TradeType == TradeType.Buy ?
((Bars.Last(1).Open - Bars.Last(1).Close) / Symbol.PipSize)
: ((Bars.Last(1).Close - Bars.Last(1).Open) / Symbol.PipSize);
@thebeinvest
PanagiotisChar
12 Dec 2022, 11:01
Hi there,
Try this
Aieden Technologies
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@PanagiotisChar