OHLC Chart Definition and Uses - Investopedia

Idea that needs someone that can actually program

Hello guys,
First of all, if I had this idea odds are at least 100 other people have had it too so if y'all can point me in their direction and see how they have applied it, I would be thankful. I have been getting into neural networks a lot lately, and one of my first thoughts was to use them for the forex market. The main issue I ran into, however, was how to present the data to the NN.
The thing most, if not all, examples I have read do is that they use an x number of previous candles + an indicator of some sort and maybe pairing it with another coin or some other variable to predict the next candle's closing price, or high, or low. After giving it a shot myself, it has been lackluster at best, and a complete failure at worst.
The idea I have been thinking about was the following: use the previous x candles and indicators and other pairs and whatever not to predict the next candle, but to instead predict if at some point, any point, in the future, the price will rise by a certain amount (say 100 pips), or drop by that same amount.
If we had a chart with the data for each candle (OHLC, an indicator's value, and another pair's value at that moment in time, for instance, all of which can be obtained from TradingView), and we associated with each candle a 1 if the first thing that happens at some point in the future is that it goes up by, say, 50 pips, or a 0 if the next thing that happens is that it goes down by 50 pips, then the neural network could be trained to predict based on the past if you trade on this candle, the price will go up by 50 pips in the future, in which case you enter the trade with a take-profit of 50 pips, and a SL of 50 pips, or if it will decrease by 50 pips in the future, in which case you do the opposite.
That's the idea. If anyone's done it before, I would appreciate a link to their work, and if anyone thinks this is dumb, do tell me too.
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some helphul common terms for forex traders

Common terms:

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FX Incognito Review: Learn The OHLC Technique FX Incognito – OHLC is ALL you need to trade forex How to Use Current Day Open High Low Lines on Trading Charts Daily Open High Low and Previous Day High Low - YouTube Forex Foundational Topics - PRICE & OHLC Hull O H L C – indicator for MetaTrader 4 - YouTube How to Show Exact MT4 Candle Range on Mouseover ... How to Use OHLC Price Levels OHLC Strategy for Intraday with exclusive Indicator trick ... Coding Forex: Forcing Code to Run Only Once Per Candle ...

OHLC is a mt4 (MetaTrader 4) indicator and it can be used with any forex trading systems / strategies for additional confirmation of trading entries or exits. (downloadable file OHLC.rar contains OHLC.ex4 & OHLC.mq4) Free Download OHLC forex Mt4 Indicator. How to install OHLC mt4 indicator in forex trading platform metatrader 4? Extract the downloaded OHLC.rar. Go to “File menu” in Mt4 ... This indicator display OHLC line of a specified candle to the right side space of a screen. you can change time frame,past candle number,color,label name,linestyle,thickness,position. OHLC can be displayed or hidden individually. Home Forex MT4 Indicators Bigger TF OHLC Indicator. Bigger TF OHLC Indicator. Introduction to the Bigger TF OHLC Indicator. The Bigger TF OHLC is a simple but useful tool that displays open, high, low, and close (OHLC) of higher time frame candles in your current TF chart. You can use it for spotting accurate trade entries and exits when using technical analysis of higher timeframes. It fits ... OHLC Chart: Short for "Open, High, Low, Close chart." This is a securities chart that clearly shows the opening, high, low and closing prices for a security. This is the only way to spot the difference between different Forex charts and to pick the best Forex charts for your OHLC trading strategy. Pros and Cons of an OHLC Bars Chart. It takes some time for traders to get used to reading a chart. Especially an OHLC bars one. Because the Forex market moves rapidly, traders have difficulties integrating the move in a strategy. But, simple things work ... This indicator displays the monthly Open, High, Low and Close price on a chart. Very helpful indicator for starting your trading week (I use it every week in FOREX, Crypto, and Equities). In conjunction using this on the Weekly & Daily timerfame with a 200, 10 and 5 EMA you can start your week off with a probable bull or bear bias. OHLC Range is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data. OHLC Range provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye. Based on this information, traders can assume further price movement and adjust their strategy accordingly. How to install ...

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FX Incognito Review: Learn The OHLC Technique

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