Mode price in a candle?

[thomas79]

Hi, is there an indicator that shows the mode - the price that appears the most- within a candle? thanks

 

[murray t turtle]

Quote from thomas79:

Hi, is there an indicator that shows the mode - the price that appears the most- within a candle? thanks

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Yes,Thomas.

There are more than 2 ways to do it, depending on your charting service...............................

Time & sales, say,in a 60 minute time frame[I prefer my data on charts, mostly, so see next line]

10 year candlecharts, for example 10 years with 10 yearly[ or more quarterly]candles;
or 10 years worth of monthly candles[meaning 120 candles... ]It maybe wise, to look for averages,or mode on 10 years worth of daily candles, but it takes more time.

 

[thomas79]

thanks, using MT4.