Visual Indicator for Nomoretoxic's breakout method, that displays the breakout , pullback and entry automatically.
This is an indicator. copy it over to experts\indicators directory.
EDIT: Updated the indicator with two new inputs. Session number and display stops
use a different session number everytime you attach the indicator to the same chart. useful for displaying boxes of different sessions.
EDIT oct 18: Modified the indicator to display stop levels as soon as pullback start candle is formed.
EDIT Oct 26. I didnt realize that the indicator doesnt work on platforms which have more than 4 digits in the decimal place. Fixed it.
EDIT Oct 26 : Added more confirmation in finding a swing high / swing low by including 2 more prior bars for confirmation.
EDIT Nov 13: Added the popup alert and email alert functionality to the indicator itself. No need for alert EA anymore. Also fixed the problem where other nonbox related objects disappear when switching to different TF
Nomoretoxic's breakout method
http://www.forexfactory.com/showthread.php?t=106489
This is an indicator. copy it over to experts\indicators directory.
EDIT: Updated the indicator with two new inputs. Session number and display stops
use a different session number everytime you attach the indicator to the same chart. useful for displaying boxes of different sessions.
EDIT oct 18: Modified the indicator to display stop levels as soon as pullback start candle is formed.
EDIT Oct 26. I didnt realize that the indicator doesnt work on platforms which have more than 4 digits in the decimal place. Fixed it.
EDIT Oct 26 : Added more confirmation in finding a swing high / swing low by including 2 more prior bars for confirmation.
EDIT Nov 13: Added the popup alert and email alert functionality to the indicator itself. No need for alert EA anymore. Also fixed the problem where other nonbox related objects disappear when switching to different TF
Nomoretoxic's breakout method
http://www.forexfactory.com/showthread.php?t=106489
Attached Image
Attached File(s)
BOXBreakOut.mq4
14 KB
|
508 downloads
|
Uploaded Nov 20, 2008 11:48pm