Hello, Are you saying you already have a formula named "Range" in your program? The formula would likely not display very well as an indicator on top of the candlesticks, but you could do something along these lines inside a New Expert Advisor using the "Symbols" tab. Symbols can be placed above or below the price plot and you can pick from several different symbol types.

Well, it seems that a post cannot be edited twice so here's my second correction. If I understand you correctly then the following formula will do what you want. Ideally you should create a template with the formula. That's because it's a little messy to set up a chart just the way you want it each time you use the indicator. I'm assuming that your "Range" formula is in fact. Range:=Abs(C-O); If that's not the case then my "solution" is not the answer that you're looking for. Anyway, here's the indicator that I've created, with instructions on how to set it up. {Range Dot} Range:=Abs(C-O); Dot:=Range>Ref(Range,-1) AND Range>Ref(Range,-2) AND Range>Ref(Range,-3); Dot*(C+O)/2; ValueWhen(1,0,0); When you add this indicator to the Indicator Builder you must first put braces {} around the ValueWhen() line. If you don't do it it will be very difficult to set up the color, style, weight and scaling of the plot you're trying to achieve. The indicator must be scaled the same as the chart you're plotting it on (while the ValueWhen() function is commented out) or the indicator, set as heavy dots, will "float" above and below the upper and lower limits of the chart. The reason for adding ValueWhen at the end of the indicator is to generate an N/A result from the indicator, and this allows the zero and price dot values to float above and below the target charts visible range. Therefore it's essential to scale the indicator to the price chart before enabling the ValueWhen() function. Once the indicator is scaled to the chart the ValueWhen() function can be enabled, and this allows the zero values to "float" below the visible range of the price chart, but price values of the indicator will appear smack in the middle of the appropriate candles. Once you've set up one chart the way you want it you should save that chart as a template so that it can be applied to any chart. Or you could save as the default template, in which case every chart you open will include centered dots where appropriate.

Thanks MS Support, I should have taken more care when editing. Roy

Hi,

Thanks a ton for the refined formula (i am still at the novice level in coding) and it working as i wanted. I have not changed anything in the formula provided by you simply copy pasted it as indicator and overlay it and converted into dot lines. Its working quite well.

 

Thanks once again.

 

Regards,

Ketal