How to blend two candlesticks price bar ?
I am confused because each of these candles have their own OHLC.
So how do I merge two candle and get the merged OHLC ? Can anyone clarify this please.
How to blend two candlesticks price bar ?
I am confused because each of these candles have their own OHLC.
So how do I merge two candle and get the merged OHLC ? Can anyone clarify this please.
is this a trick question?
in case it’s not:
for candlestick 1-> o1h1l1c1
for candlestick 2-> o2h2l2c2
for the candlestick coming from merging the above two
candlestick 3-> o3h3l3c3
[B]and[/B]
assuming that candlestick 2 is formed after the candlestick 1
[B]then[/B]
o3=o1
h3=h2 [U]or[/U] h1, whichever is higher
l3=l2 [U]or[/U] l1, whichever is lower
c3=c2
Where do you need to do this? - EA ? - charts? or do you just need a record.
Excel & in Charts:
go to your MT4 platform -> Tools -> History centre
here you can download the candle stick in excel and merge it,
or
here you can merge two candle sticks, by clicking the edit button on your chart.
[B]o3=o1 [/B] // why ? I am confused right here …why not o3=o2 ?
[B]c3=c2[/B]// why ? I am confused right here …why not c3=c1 ?
because time is moving forward …
happy trolling
When you merge two candles, the high is the high of the two candles. The low is the low of 2 candles. therefore
o3 = the highest point of o1 or o2
c3 = the lowest point of c1 or c2
Use a different time frame.