Thanks I was looking for this. Can be used for 15 min as well as hourly continuous falling and rising candles

I NEED INDICATOR FOR THIS, CAN YOU PLEASE PROGRAMME..

As Name suggested I have made it for three day with graph.

SetChartOptions(0,chartShowArrows|chartShowDates);
Title =  Name() + "\n" + Date() + ", Op=" + Open + ", Hi=" + High + ", Lo=" + Low + ", LTP=" + Close +  "\n© Johnnypareek@yahoo.com" ;
Plot( C, "Close", colorBlack , styleNoTitle | styleCandle | GetPriceStyle() );



cond1=Ref(C,-1)>Ref(C,-2) AND Ref(C,-2)>Ref(C,-3);
Cond2=Ref(C,-1)<Ref(C,-2) AND Ref(C,-2)<Ref(C,-3);

 
Buy=C>Ref(C,-1) AND Cond1;
Sell=C<Ref(C,-1) AND Cond2;
PlotShapes(IIf(Buy,shapeUpArrow,shapeNone),colorBlue,0,L,Offset=-10);
PlotShapes(IIf(Sell,shapeDownArrow,shapeNone),colorRed,0,H,Offset=-10);