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I want to create a very simple indicator using the technical Indicator builder.

Basically the idea is
if price close is higher than open then 100
if price close is lower than open then 0

I can not seem to put this into the program.
I put in this
Close[i]>
and then when try to add the open it keeps saying
Error: Open[i] can't be added.

Help - it must be something small I am missing! Any insight appreciated. Or if someone knows of an existing indicator that performs the same function that would be great.

The indicator builder does not support ifs
It was designed for continuous signals. If you need an if, you create the continuous signal, then import it into the strategy builder, in a TA create the comparison, and use the alert mode.
We will add if support for the indicator builder in the next release late this year

Hi,

Thanks for the reply.

Sorry I should not have put the word if in my post. I have not been using if as I saw it was not able to be used from browsing knowledge base.


My main issue is this part " I can not seem to put this into the program.
I put in this
Close[i]>
and then when try to add the open it keeps saying
Error: Open[i] can't be added."

Eg I want to put in there

close > open then the indicator would be at 100
close < open then the indicator would be at 0

disregard use of then. I am not a programmer or good at maths functions/ formulas just trying to explain what I want the indicator to do.

Its basically a line indicator (like an RSI) that works with the current candle and does as stated above.

It seems like it should be simple but running into a few hurdles. Am very keen to purchase the visual ea builder which I have had success with however I need to be able to create this simple indicator first as it is a key part of the system.

Any help appreciated.

When I say ifs, I mean if condition then do this
You identify a condition because it uses a comparison (like >,<,==). So you want to use an if that is not supported.
The initial design of the indicator builder was to show continuous signals give by one equation, then you import the signal into the strategy builder to do the comparison and create a signal to trade.
Since many users just want to see the signal visually without trading on it, we will change the indicator builder design before year end