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This was primarily intended as a replacement for "line" or "dash" charts which are standard with mutual funds. It's just much easier to visually asses how strong or weak the trend is. If you see a bullish engulfing candle five days in a row that means something, a bunch of dashes next to each other is meaningless.
Remember that those are only semi-candles as they don't have high/low "shadows" so lots of candle exploration formulas probably won't work properly.
Lesmond
--- In amibroker@xxxxxxxxxxxxxxx, "areehoi" <rhoierman@xxx> wrote:
>
> Cosmetic only? I tried it an it works. Then I ran a Candle
> Exploration and nothing came up. Conclusion this is cosmetic only as
> for candles to work it needs O,H,L,C. Correct me if I'm wrong.
>
> Dick H.
>
> --- In amibroker@xxxxxxxxxxxxxxx, "Lesmond V" <ebsn247@> wrote:
> >
> > I'm trying to plot daily eod mutual fund chart in candlesticks. As
> mutual fund data has "close" only the rules are as follows:
> >
> > - open = yesterday's close
> > - high = max( yesterday's close, today's close)
> > - low = min( yesterday's close, today's close)
> > - close = today's close
> > Here is the completed code:
/**********/
f_op = IIf(BarIndex() > 0, Ref(C,-1), C); // fund's open price
f_hi = Max(f_op, C);
f_lo = Min(f_op, C);
PlotOHLC(f_op, f_hi, f_lo, C, "", colorDarkYellow, styleCandle);
Title = Interval(format=2)+" "+Date()+" O="+f_op+" C="+C;
/**********/
> > Here is mutual fund data sample:
> >
> > Ticker,Date/Time,Open,High,Low,Close,Volume,Trades,
> > FHG%BUA,06-01-09,9.8114,9.8114,9.8114,9.8114,0,0
> > FHG%BUA,06-01-10,9.8314,9.8314,9.8314,9.8314,0,0
> > FHG%BUA,06-01-11,9.8514,9.8514,9.8514,9.8514,0,0
> > FHG%BUA,06-01-12,9.7814,9.7814,9.7814,9.7814,0,0
> > FHG%BUA,06-01-13,9.8014,9.8014,9.8014,9.8014,0,0
> > FHG%BUA,06-01-16,9.8014,9.8014,9.8014,9.8014,0,0
> > FHG%BUA,06-01-17,9.9414,9.9414,9.9414,9.9414,0,0
> > FHG%BUA,06-01-18,9.9414,9.9414,9.9414,9.9414,0,0
> > FHG%BUA,06-01-19,9.9414,9.9414,9.9414,9.9414,0,0
> > FHG%BUA,06-01-20,9.7614,9.7614,9.7614,9.7614,0,0
> > FHG%BUA,06-01-23,10.0114,10.0114,10.0114,10.0114,0,0
> > FHG%BUA,06-01-24,9.9614,9.9614,9.9614,9.9614,0,0
> > FHG%BUA,06-01-25,9.8914,9.8914,9.8914,9.8914,0,0
> > FHG%BUA,06-01-26,10.0414,10.0414,10.0414,10.0414,0,0
> > FHG%BUA,06-01-27,10.2814,10.2814,10.2814,10.2814,0,0
> > FHG%BUA,06-01-30,10.4514,10.4514,10.4514,10.4514,0,0
> > FHG%BUA,06-01-31,10.4500,10.4500,10.4500,10.4500,0,0
> > FHG%BUA,06-02-01,10.4600,10.4600,10.4600,10.4600,0,0
> > FHG%BUA,06-02-02,10.3800,10.3800,10.3800,10.3800,0,0
> > FHG%BUA,06-02-03,10.3800,10.3800,10.3800,10.3800,0,0
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