Sorry, I'm not considering any more updates to this indicator, at least in the meantime. Too busy with other work.
up/down and down/up twins
Thanks for your awesome work.
If you're considering an update would you please take care for up/down and down/up twins. E.g. like two M5 candles give the wick of a M15 candle.
With "VisibilityLevel= 1,1" they are not detected but are a swing high/low.
Often they have the same low or less than a pip difference which makes using M1 no workaround.
Sorry, I don't understand. In your screenshot, the dark candle in the center of your purple circle has a lower low than both candles either side of it, hence it should qualify, given the following settings:
TimeFrame = M5
VisibilityLevel = 1,1
ClearancePips = 0
FrequencyLevels = 1
CandleLowsValid = true
Does this help?
Happy New Year to you,
I checked the code. Consecutive candles with equal lows qualify as VisibilityLevel 1,1 provided that ClearancePips = 0. In other words, the test is that a candle qualifies if its low is less than or equal to the lows on the candles on its right and left.
The arrowed candles in my screenshot have exactly the same low (both are 0.75648). With the parameters shown, they qualify as a S/R zone, as demonstrated by the red box plotted by the SR indy in the screenshot.
As stated previously I use many instances of this indicator on the charts (22 per chart to be precise to colour code my S/R).
However when the objects are placed on the chart they come with a name like "RecentSR-0050672-83". Is it possible to put the trader identified "TimeFrame" that the S/R was formed from into the objects description instead (as opposed to object name) so that it would read something like "RecentSR-W1" even when trading the M5 charts?
My reason is,
Its just that I often find that some of my lower TimeFrame S/R will over lap the higher TimeFrame S/R and changes the colours of the S/R objects that I am looking at. From there as you can probably appreciate, when intraday trading, being able to quickly identify the importance of the S/R affects trading decisions.
That way a trader who has "Show object descriptions" selected in their 'Common' tab of their "Properties" for a chart, can just look to the left hand of their chart and see the description, or the left hand of the object if it started within recent times.
The idea is simple but given the complexity of the Recent SR indicator implmentation may be whole different story.
However, I really do appreciate your generosity with this indicator in the first place.
I only double posted cause FF had temporary problem that made my original post not show....
Just to double check that I understand correctly, the object name is OK the way it is (note: MT4 requires that each object must have a unique name, although I guess that's obvious ), but you'd like the object description to include the timeframe, something like "RecentSR-W1"?
If so, that's a 5 minute job. Please confirm that I understand correctly, and I'll proceed.
Another plus is that the enhancement is not likely to make any other users unhappy, because if they don't want to see the timeframe text, they can simply turn object descriptions off.
BTW, I'm a S/R 'junkie' myself.
S/R junkie is right, I don't really think there is any other way. Especially dynamic S/R as opposed to static S/R (like pivot points).
Cheers and thanks a lot for the quick reply...
Version 1.03 can now be downloaded.......
@aquaart: DescriptionMask allows differentiation of multiple instances of the indy by typing in anything you like; essentially, whatever is typed will wrap around the (optional) instance#. The Word doc explains this in detail (see 'New parameters in v 1.03' section). The display of the TF is not automatic, but the way I've done it makes it completely open-ended to type anything you wish.
For example, you could set DescriptionMask = 'RecentSR'B'-H4' to have RecentSR-H4 display
Or you could type 'SR'B'-H4-confluent' to have SR-H4-confluent display for one instance of the indy, and type 'SR'B'-H4-recent' to have SR-H4-recent display for another instance. See the Word doc for a more detailed explanation.
I assume that you're using parameter files, so that this will be a one-time-only setup task.
Thank you very much again, let me be the first to download and say thank you for this update.... Such a simple thing makes the trading job of S/R junkie like mysef a lot easier.
Many pips to you,
I run Vista Professional 6.0 Service Pack 2 (Build 6002) (64 bit) and MT4 build 226. The most recent RecentSR is causing my MT4 to crash, however the previous version did not.
The exception that occurred was C0000005... Any ideas would be much appreciated
I haven't had a problem, but then I run Win XP, hence I can't test the indy using Vista.
The change that I made is negligible - shouldn't affect anything.
At what point is it crashing, e.g. immediately you attach the indy to the chart; or if you refresh the chart; or change the parameter file; or switch timeframes; or ....... ??
A possible cause is (if I understand correctly) that Vista won't let you write data to any folders under Program Files, unless you're the system admin. But I don't know if this would cause a C0000005 exception. You could perhaps try signing on as the administrator and/or reinstalling MT4 somewhere other than in a folder that's beneath Program Files.
Alas, I can't reproduce the problem here. Sorry I can't be of more help.
I've done some research for you.
Read this. Suggests that it might be a registry error, and offers some repair utilities (should be safe enough, but use at your own risk!). The links at the bottom of that page might also be helpful.
Also did a Google of "Vista c0000005" and found these: 1 2 3 4 5 6 7
(there are plenty more if you want to perform a similar Google)
Summarizing, these seem to suggest either a RAM (memory) fault, a permissions error (attempting to address unauthorized RAM), or a driver error (conflict with Vista).
--- I guess you've tried rebooting?
--- What other software (especially drivers) have you loaded recently?
--- Also, when the c0000005 diagnostic screen appears, what is the Application Name: ............ entry? If it's not terminal.exe, then it's some app other than MT4 that's causing the crash.
All of this seems to suggest that it could be a much deeper problem than MT4 or the indy.
The point it is crashing, is immediately when I attach the indy to the chart and it is the conflict between terminal.exe and vista that is causing the crash.
But I have not looked into running MT4 as the administrator or moving MT4 to a non Program Files area and trying the same there. As I have not loaded any new drivers
Failing the above I will look more deeply into the error via the links you happily provided... Thanks for the info and thanks for the help...
P.S Vista has always been a dysfunctional Operating System, it often fails to allow things to operate ...
I now only have to look to the left on the screen to determine the importance of the S/R instead of highlighting the object and looking for the objects details.
Thanks for updating the indicator especially for me, you almost make me want to be a Kiwi. Nah who am I kidding...
All the best,
Great! Glad to hear that all is OK now.
I have Aussie ancestry on my mother's side - a foot in both camps, so to speak. LOL.
I think that this might be a tall ask and a lot of programming
For some of my SR levels this works in my favour.
However for other SR levels it would be better for both parts of the VisibilityLevel to be satisfied before RecentSR drew the SR.
Is it possible to give the option that both sides of the VisibilityLevel must be satisfied before RecentSR draws the rectangles?
PS I am just trying to fine tune my SR, however, I think that this might be a tall ask / a lot of programming... If it is, just take this as a thank you for the indicator you have freely given so far.
- give yourself modify and write permissions for the MT4 directory and everything is fine without running as admin
- look into the virtual store and copy the files back to MT4 directory (if there are any)
- see also here
would it be possible to have the ability to show the SR levels only on user defined time frames - like don't show M15 SR on the daily TF
I'm using one template for multiple TFs
Version 1.04 is now available.......
Version 1.04 may be downloaded from post #1.
It addresses the requests made in posts #115 and #116.
Thanks for that, people have mentioned this in the past (7bit), however, never really realised what was happening until that video, thank you...
I cannot understand how you understand programming so easily to produce such great indicators and enhancements to these indicators so quickly...
Thank you once again...
Someone can tell me
When I expand/reduce the vertical scale of the chart, some of the SR lines appear and other disappear. Is there a way to avoid this problem? Am I doing something wrong with the settings?
I think this is a very useful indicator and I would like to use it without this problem because, currently, I spend a lot of time trying to show all the SR.
I'm pretty sure that this because the levels are plotted as rectangles instead of lines, and for some reason MT4 doesn't seem to scale rectangles correctly.
I chose rectangles to give users the option of choosing a wide bandwidth. However, I'll include a "lines" option in the next release, which I hope will fix this problem.
© Forex Factory