I need a new range candle type for when price moves x amount of ticks from high to low
Ideally the tick size of the calculation should be independant from the tick size of clusters/chart
Here is an image of what these candles look like taken from quantower:

The next advancement after this would be an option for % range candles which could be created by using the same logic from the tick range candles and taking the close price of the previous candle or open price of the current candle and applying this calculation:
((Desired%Range/100)*Price)/TickSize
Where:
Desired%Range would be input by the user exactly how they would with time based or most other candle types,
100 is a constant to convert the percentage to a decimal for the calculation to work,
Price is either the close of the previous candle or the open of the current candle and is used to calculate what price range equates to the desired % range,
TickSize is the tick size the user is using and is used to convert the price range into a tick range.
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In review
💡 Feature Request
About 1 year ago

Felix
Get notified by email when there are changes.
In review
💡 Feature Request
About 1 year ago

Felix
Get notified by email when there are changes.