Candlestick Math ( Automatic Calculator/Calculation )

[mdsvtr]

Good Afternoon,
I just got done watching a video on the concept of Candlestick Math, which to me was a new concept

And since I trade strictly off of Candlesticks on my charts, I am definitely interested

For anyone unfamiliar with Candlestick Math,
you just take X number of candlesticks ( can be the last 2 candles , or the last 10 candles ) and you add these together .
What this will do is, is to give you ONE candle that is equal to those , previous 2 , 4, 7, 10 candles

This really helps to know the " True " Candelstick / price action/ who's actually in control .... bulls or bears

My question please is,
if there is a calculator or a simple way that I can copy and paste how ever many candles back ..... and have it add up the candles and give to me what " One " candle those previous candles represent ?

I hope my question makes sense

Thanks so much

[NinjaTrader_Jesse]

Hello,

You could certainly get the values of past candles or bars and do any math you need to. From there you could display that value in a number of different ways.

For very advanced programmers this could even be created as a bar type or possibly a chart style although we do not have any documentation on these types.

For an indicator this would likely be very easy to do, mainly just dealing with BarsAgo values and displaying the data.

Please let me know if I may be of further assistance.

[mdsvtr]

Hi Jesse,
Thank you for the reply

Do you know if there is an Indicator , already here on the Forum that does this type of Candlestick math/calculation ?

Thanks again

[NinjaTrader_Jesse]

Hello,

I don't know of one like this exactly or even for this specific candlestick math you have posted, Possibly one of our other members can provide more information from experience on this.

I will also pass this ticket to our business development department to see if they know of any other parties with this type of item.

I look forward to being of further assistance.

[mdsvtr]

Jesse,
Thanks so much I really appreciate the help

[NinjaTraderEcosystem_Danielle]

Hello,

I have looked into our NinjaTrader Ecosystem partners and found a few partners that may have what you are looking for. I have also included a link to our NTE NinjaScript consultants, who may be able to develop the tools you need, should you not find them within our NTE add-on partners.

All NTE Add-On Partners - http://ninjatraderecosystem.com/Part...-Search.php#78
Candlestick Forum - http://www.candlestickforum.com/
Candlestick Figures - http://candlestickfigures.com/
Nison Candle Scanner - http://www.nisoncandlescanner.com/
All NTE NinjaScript Consultants - http://ninjatraderecosystem.com/Part...ultants.php#81

[mdsvtr]

Danielle,
Thank you for the Links and for looking into this Candlestick math for me
I really appreciate your help