The Equilibrium, a key to success!

New project work for you

Education is what is left when we forget what we have learned.

Hello dear traders,

For many years, I have been working as a full-time scalper and day trader in international currency trading, where over $ 5.1 trillion is transacted every day. Foreign exchange is now regarded as a separate asset class, as the market has grown enormously in recent years. The price is determined by supply and demand in each market. Therefore, I only act according to specially created supply and demand zones which I identify with the help of the equilibrium (price equilibrium). Indicators should not be used for buying or selling decisions, but they can be very helpful at work. The programming language these indicators are programmed in has a lot in common with Java and C ++. That was the approach for me to learn a programming language to better understand the indicators and their calculation principles.
I made comparisons between C ++ and Java and finally decided on Java because it was easier to learn from my point of view and possibly had the bigger future. Java again took first place in the TIOBE Index in 2018. The TIOBE Index is a ranking of the most important programming languages. Over 9 million Java programmers worldwide are proof of that. Java is one of the most popular programming languages in the world and is used on more than three billion devices. However, MQL4 has more to do with C / C ++ than with Java, but to learn a programming language, I have chosen this way only once.

In January 2018, I finally opted for a study online course that ran from march to august 2018. The costs of more than 12,000 euros were athletic, but absolutely justified to reach the goal. 8 hours per day over 6 months, that's just 10 € per Java hour. If I compare there other courses, which cost 2.500 € for 5 days my selection was a cheap offer. The timetable was structured, 2.5 months (400 hours) OCA (Oracle Certified Associate) instruction, then the OCA exam. 1.5 months (200 hours) OCP (Oracle Certified Professional) lessons, then the OCP exam and then another 2 months (300 hours) the Enterprise Edition followed by the OCM (Oracle Certified Master) exam. A total of more than 900 teaching units Java and additional learning units totaled more than 2,000 hours.



After this stressful Java study, I know what it takes to pass the Oracle Certified Associate (OCA), Oracle Certified Professional (OCP) and OCM (Oracle Certified Master) exams on average with over 86%. It took a lot of time and work, but in the end it was worth it.



The three exams that took 2.5 hours each in the Oracle Exam Center were not as stressful as I initially guessed, actually I did not need the exams because I did not want to become a Java programmer, but my ambition was that. In retrospect, however, I'm a little proud that I made it. I'm not a professional for a long time yet, just like stock market trading you need at least 10,000 hours to become a pro. But Java was just the basis for me to learn and build on a programming language.

MQL4 is an object-oriented programming language developed specifically for the Metatrader platform. Originally, its syntax was based on C. The other platform, MetaTrader 5, was released together with MQL5 in 2010, and MQL4 now has new graphics objects and functions from MQL5 for chart analysis. Both languages support almost all standards of object-oriented programming, with the exception of multiple inheritance: data encapsulation and type extension, inheritance, polymorphism, overloading, virtual methods. The main disadvantage of the MQL family languages is the impossibility of creating independent applications.

The first crucial step is to understand how an indicator works. From this I can deduce how this information is important to me or if I need it at all. Basically, you first have to understand how such an indicator is composed. The data input of an indicator receives only price information, time information and the volume from interbank trading. From this information, very different indicators are then created.

The second crucial step is to collect and combine information that is important to me. This creates new forms of information that are crucial to me as a trader.

The third and final step is to create indicators that do not yet exist and to gather information from them that will give me additional arguments for my decision.

Based on the results of indicators, I will never open or close a trade, but only on the basis of my zones of supply and demand, which I come from purely price information. Even the volume is completely irrelevant to me. Nevertheless, so-called auxiliary indicators help me in my decision-making. It will take a while until I am able to independently program these required indicators, but in the last months I have been diligent, very creative and had the professional help of an experienced MQL4 programmer from Germany.



Together we have been following some projects in the last 6 months, the results of which I will introduce to you in the next few weeks. The resulting indicators support my approach to demand and supply in a particular way. It is not a holy grail, but these indicators have not existed in this form so far, and in combination with supply and demand, completely new perspectives open up. These developed indicators require explanation and build on each other. That's why I'll introduce these indicators one by one. That's a basis, because that's where my newly created trading screens are derived, which I will discuss individually. This will give you a trading instrument in your hands. If you use this instrument in terms of supply and demand, you will have a lot of fun in the future.

I wish you a great weekend

best regards

Hello dear traders,

There are some interesting resistance levels in the H4 chart.



As already described in previous posts, the next strong resistance at point 1 (1.18106 / 1.18217) has to be overcome. Point 2 (1.188589 / 1.18689) is a support zone that could accelerate the course more strongly from that point onwards. At point 3 (1.19114 / 1.199212) we have another strong resistance zone again. From point 3, the price could go to point A or point B and then continue its further uptrend. A concrete statement whether point A or point B is called, is only possible if the course has reached the point 3.

I wish you a successful day
best regards

Determine trend strength in any period

Dear Traders,

As promised, I would like to start today with my first project, which has developed over many months. Before I publish the related indicators, a detailed explanation for success is crucial. I think we'll be through with the first project by the end of the week and by then I can upload the first indicators. The information that you receive with these indicators is very valuable and could bring you interesting additional income in the future.

When I made the first attempts to trade successfully in the forex market many years ago, I had no idea how difficult this path would be for me. In these beginners' years, many indicators were used. At first, the motivation to finally have found the right indicator, then came the attempt to act profitably and finally the angry awakening. The indicator was deleted, a new one searched and the whole crap started again.

Then it was time for the Expert Advisor. Who does not dream of making a living while sleeping, while an EA earns many thousands of dollars for you? There were impressive performance curves with incredibly low loss phases. However, these performance curves were not due to a sophisticated system, but to the so-called "curve fitting". For this purpose, the variable optimization is used on a trading platform in such a way that it adapts the values of the indicators used in such a way that the best combination emerges. It is clear to everyone that you can always build an optimal EA in the aftermath, but I do not know any EA that has really worked sustainably in all market phases.

Then there was the possibility of Nachhandelns in the live trading room, while you could trades for a fee, the trades of professionals 1: 1. This type of trading is very controversial, as the equity ratio of individual traders is very different. In addition, I do not want to be dependent on other traders or EA, I would like to know myself what I'm doing and why.

Especially beginners get the feeling that they just have to find out the right indicator settings, then they get a system that magically attracts the profits. This hope is certainly understandable, but this is a fallacy. An indicator basically shows only what the naked chart shows, but with a time lag and often in a smoothed form. Foresight is impossible to achieve with you.

This is certainly a normal learning process and things change over the years until one day I no longer made my actions dependent on indicators and only had the pure chart image in mind. Concentration on the essential was the motto. I'm not against indicators, it just has to be the right ones. The right indicators will give you information and support you to make better trading decisions. But indicators should never make you trade decisions or make decisions for you.
Indicators are generated from the price information of the market and are therefore always trailing and slower than the price information itself. Even the price information is in the moment where they arise already past, because at the same moment again a new price information arises. What we see on the chart picture or in the order book is the past. Although we can guess the future, we can never know what will happen next. Nevertheless, we can use indicators for our purposes if we know that their information is trailing. But just with past information we can get important information regarding supply and demand.

The price in the forex market is arbitrary and random, which is why one can only make inaccurate and random predictions for future price movements from the price information. Scientific findings help in a market that arises by accident, not further. This means that all laws that we know from business can not be applied in a random market. Just think of Lotto or the Powerball. How do you want to proceed scientifically here? The likelihood that a sequence of numbers pulled last week will come back the next week is as high as any other sequence of numbers. This is because the balls on which the numbers are printed have no memory.

There is a small ray of hope in interbank trading and on the stock market, behind the pricing are people who buy or sell. There there are and emotions and with it a memory. And the most important thing is that there is an opinion and a belief, but we can not get on with science here. If the forex market had to be scientifically researched and explained, the stock market code would have been broken long ago. There have been stock exchanges for more than 500 years and until today hardly anyone is able to act in a sustainable and profitable way over the years. The findings so far seem to be purely speculative. 1,000 traders have 1,000 different opinions and that's a good thing, because that's why a stock market works. Even the worst trader is someday right. A clock that has stopped is showing the right time twice a day.

Warren Buffet, George Soros, and James Simons all own over $ 11 billion in private wealth, making them the most successful traders. But they have not earned their wealth day-trading, but funds that have a long-term investment bias. This does not mean that you can not make money with day trading, it's just very speculative and dangerous if you know that over 80% of all traders lose. You do not believe that? Take a look at the website of all brokers in Germany and read on the first page at the bottom of the fine print. There it says:

CFDs are complex instruments and because of the leverage they are associated with the high risk of losing money quickly. 80% of retail accounts lose money on CFD trading with this provider. You should consider whether you understand how CFD works and whether you can afford to take the high risk of losing your money. For professional clients, losses can exceed deposits. Trading carries a high risk.

Note: I believe more than 80% of traders lose.

This is proof that in 500 years of stock market history, there is no significant insight into how to act profitably. So you have to go other ways and experiment to improve the probability to your favor.



As a trader who trades for Equilibrium, one dreams of a chart image that always indicates exactly the supply zones and demand zones. From this one could always deduce in which trend phase the course is currently. As such an indicator would have to look to the future, it quickly becomes clear that this wish will always remain a dream. Nevertheless, one can gain an advantage with the right tools in the large shark tank.



Some subscribers have often wondered what the numbers below or above my candles mean. These numbers belonged to my project, the idea was born a few years ago but was not realized until this year. Let's start from the beginning.



As a beginner, one eventually comes to the ZigZag indicator and believes that it can predict future price movements better. At first I was interested in an ordinary ZigZag Color indicator, which colored the ascending lines green and the descending lines red. For the MT5, I quickly found it, however, I found no ZigZag Color indicator for the MT4.

The indicator seeks to represent only significant movements in the market and to eliminate unnecessary "noise". For a 3% Zig Zag, a market movement must have been> 3% from the last relevant point for it to be considered. This indicator is totally unsuitable for accurately predicting future market movements. The last Zig Zag line is only completed when the market has changed direction in the meantime. This means that the last line will be fixed only after the course has long since changed direction. Zag Zag lines should not be confused with trend lines. The supposed accuracy arises from the retroactive adaptation. This means that a supposedly completed line can also extend. The last line is always under reserve and has no significance where the market is next.

Thus, the indicator for a future course prediction is completely unsuitable. Nevertheless, the ZigZag indicator provides a visually highly visible picture of the market direction and the extent of trend and correction movements. The length ratio of individual lines can provide indications of the expected extent of market impulses.



Take a look at the H1 chart in EURUSD. In 100 hours there was a supply market and a demand market. Which trend was stronger? A or B? If you look at the strengths of bullish candles, you would automatically consider Trend B as the stronger trend. In fact, Trend A is just as strong as Trend B.
I wanted to take a closer look at this approach, I was interested in how strong the trend was within a line period and whether it was possible to deduce from it. So I did some calculations for that. I will post these in the next few days.

The ZigZag indicator therefore records lines and I wanted to measure the strong of the candles within a line period. I took the number of pip and divided it by the number of candles. The result was the average pip per unit time. The simplest things are often very efficient. Let's take a look at the previous example in H1:



Our journey begins on August 22, 2018 in the H1 chart at the yellow arrow. From there, the supply market runs to point A. Precisely at point A, the demand market has covered 92.7 Pip within 30 candles. That's 3.1 pip per hour or per candle. This value is now projected by the indicator in the chart. A market demand arises and brings the price to the point B. At the end of point B, the demand market has covered 205 pip within 66 candles. That's also 3.1 pip per hour or per candle. Thereafter, the course goes down to the point C and once again up to the point D. After the point D is created, so point C can not change.

At this moment I have three pieces of information: Trend A has a power of 3.1 Pip, Trend B has a power of 3.1 Pip, and Trend C has a power of 3.7 Pip. If you look at the overall chart for an overview, you will see that the price before point A has been in a strong uptrend. Trend A was a pullback. Trend A and B are equally strong. As point D emerged, it could be seen that trend C was significantly stronger than trend A and B. When point D was created, a value of 3.3 pip was displayed. This value is much weaker than the trend C and stronger than trend B. This could also be concluded on a pullback, but I can not pay attention to this value because the point D is only then established when point E is created. However, the information is quite interesting, Trend A and Trend B are equally strong, and Trend C is stronger than Trend A and Trend B, Trend D might be weaker than Trend C.

Of course, you can not derive any trade decision from this information alone, but it will be a lot easier with supply zone and demand zones. Now some will say for sure that I get very late the information about how strong a trend has been, but also pay attention to the settings of the zigzag lines. The setting is 24/12/6. This value is very high and if I choose the setting 4/2/1, of course, I get much earlier trend trend information, but this is somewhat inaccurate, we will come to this later.
Tomorrow we will look at the calculations and some examples.

I wish you a nice evening.
Best regards

test this ind


but i think this numbers more useful at the start of leg(not end of leg) to determine probability of price reaction to zone.

Dear amenocy,

First of all thank you for your contribution and commitment. I also used the AddZZLegRange indicator 8 years ago. This indicator calculates the length of the range in pip, which, however, can only be issued when the market has changed direction in the meantime. This means that the last line will be fixed only after the course has long since changed direction. I once posted a comparison of the AddZZLegRange indicator with my developed indicator. Both indicators have a setting of: Depth: 8, Deviation: 4, Backstep: 2.



In the current H1 chart of the EURUSD we start on 25.09.18 at 16:00 CET at point A. The course runs to point B. From point A to point B the course has covered a distance of 36.7 pip, therefore the AddZZLegRange Indicator gives this value off. Within this route, 11 candles have been formed, which corresponds to an average of 3.3 pip per candle. This value is output from my indicator. Thereafter, the course goes to point C.
With the AddZZLegRange indicator I get the number of pip. My indicator shows that the average strength of both trends was the same. However, I always get this information only when course has long since changed direction again.

At point D we see that the AddZZLegRange indicator still does not provide any information. Basically, it is dangerous to use these two indicators to make a statement on future price movements, nevertheless, any information helps to make possible trading decisions.

I wish you a successful trading day
best regards

thank you for replay and description .
I changed this indicator to fit your calculation but forgot to change the name of that

Start with the project

Hello dear traders,

As we have noted - the standard ZigZag is not what we mean by a technical indicator. He is one who takes his time to make his decisions. In reality, the ZigZag only knows at a significant turning point whether the previous already marked turning point is valid at all. It may even be that the Zig - Zag decides completely new and totally changes his picture. The ZigZag pretends so something. He always reacts retroactively and therefore does not provide any information that can be used for trading decisions. The ZigZag standard can be used to analyze the nature of a market, its cycles and price swings. It is basically a noise filter that only marks price movements that are larger than the set filter. It marks the current trend direction with great clarity and ignores price fluctuations below the filter size.

Programmers of trading systems can thus gain an overview of the expected price movements and their intensity. That was the main reason why I used this indicator as the basis of a new calculation.



Before it went into the programming, I wanted to know whether the new calculation basis provides any useful information. That's why I retroactively calculated half a year in H1.



During this period, 69 zigzags were formed and the pips divided by the number of candles. From this, the average number of pips per candle in each period was determined.

Slide 3

The entire period has been graphically presented to get a first overview. Interesting was also the graphical overview of the Pip change in this period.



I reduced the time to the last 14 ZigZag lines, where I did not consider the last line because it could change.



In turn, I presented the result graphically to get an overview.



This resulted in the first draft of a possible view. Each of the three adjacent blue numbers means: number of pips in this period, number of candles in that period, and average pip per candle in that period. The bottom histogram should again graphically indicate the size of the average pip.



Here you can see the result. Alone I would not have been able to do it at this time, so I would like to thank Georg, (SwingMan) a very professional trader and programmer from Frankfurt. I would also like to thank Nicholishen, who is a very intelligent and strategic programmer and trader. I think it's great how unselfish these people support others, many thanks for that.

Now I would like to do an experiment with you. As you can see, we have a scale of values that ranges from 0 to infinity. Now let's just assign a trend to the values:

Very strong trend = A (2.0 - 3.9 pip)
Strong trend = B (4.0 - 5.5 pip)
Weak trend = C (5.6 - 8.4 pip)
Very weak trend = D (from 8.5 pip)



Let's go into the individual analysis. Beginning in 2018, the price starts at around 1.20 and then goes up to 1.255. At point A we are at 1.22. where the course price does not matter here, it's just about the overview in which area we are. Please note that with a setting of 24/12/6 we can not record every change of course.
Let's start with our experiment. Trend number 1 was very strong and Trend 2 was very weak (pullback). This increases the likelihood of a further rising trend. The Trends 3 is completed and you can see that after 54 hours the trend strength has decreased significantly compared to Trend 1. The probability for a trend reversal exists. Trend 4 is very strong and in principle initiates a longer-term downward trend. There is a pullback with trend 5. Trend 6 is weaker than trend 4, which increases the likelihood that it will go higher.

When Trend 7 is completed, you realize that the bullish trend has become weaker than Trend 5. A good sign for the bears. At point 8 we see how strong this bearish pressure has been and can hope for a bullish comeback. Point 9 and 10 is very interesting. Point 9 shows how strong the bears are now at the helm and point 10 how weak the pullback was. That speaks for further rising courses. Trend 11 was much weaker than Trend 9, so it's a great way to trust the bear. Point 12 was very strong over 80 hours, the bullish pullback point 13 weak. Point 14 was as weak as point 13, indicating a sideways market. Items 12 and 13 suggest that the bears are still at the helm. After a sideways phase, it finally went down further.



Next, let's take a look at the weakest points in this overview. Here you can see very well that after each a very strong trend has gone up or down.



Now let's have a look at a current chart picture until 10:45 CET. The last point C is of course not yet completed, if you look at the history with this course I believe that this indicator can pass on very interesting information. Of course, one can not derive any fundamental laws from this. The market is constantly changing, but I believe that this indicator can help you to make even more precise decisions. Likewise, the numbers certainly need to be adjusted in different market situations to get even more accurate information.

In concrete terms, this is a project and not a finished concept. Of course, the two indicators are already operational, but they still need to be modified and adapted. For that, we need the help of all.

That's exactly the advantage of a large community, I have now posted an idea and will publish the indicator with a detailed guide by tomorrow at the latest. Thereafter, they are all called upon to apply this indicator in different time units and with different settings themselves once and gain experience. Common we will certainly gain further insight and possibly even more concrete statements. I am pleased to implement this joint project with you and wish you a successful trading day today.

best regards

Hello Amenocy,

great work, thank you very much, i send you a private message.

best regards Michael

Hello, Bionics

Really interesting, I noticed that when 2 successive waves had the same duration, the 3rd wave had, most of the time, a number of pts higher than the two previous waves
See example on dax 1mn

Hello mchl13,

First of all, welcome to our blog, I am very pleased that you are also very creative in your actions. Important for a rule is that it can be used repeatedly and appears regularly. Unfortunately, I do not currently handle the Dax because it is too inaccurate for me, too strong overall bullish (over 20 years) and not the power and the nice range of the EURUSD has. As a scalper, I prefer only a sideways range. Nevertheless, the Dax belongs to a very interesting market and it is also very good with the Equilibrium act. But every trader has his own opinion. Important is that your chart image shows only the pure price table. The indicators that I am posting here are purely auxiliary indicators and should only be supportive. In principle, the price scale is the fastest indicator available. I will make that visually clear with my next project. This project is clearer for me than an Orderbook or SmartDom. I wish you success here and I believe that everyone here will be happy to assist you.

best regards

thank you for the welcome,
For the record, these double zz, as I call them, work on forex and all timeframes,
The only problem is to make sure that the zz are frozen.

Hello mchl13,

I will upload the indicators of this project with a detailed description tomorrow during the day. That's a bit of work. Then the project work can start and you can see if it meets your requirements. I think we have some exciting trades ahead of us. The nicest thing about it, as a trader you are even more independent and can identify the trends faster.

beautiful evening

The final countdown (please read also Post 663 and post 667)

Hello dear traders,

In the last two blogs I have presented you the benefits of the two trend strength indicators, the application and a possible interpretation. In principle, it is an indicator that is displayed in the chart image and a histogram. Both have the task to output the same values.
The idea for this trend strength analysis I already had many years ago, when I started to trade only in the pure chart image of the Equilibrium. Since I did not have the programming skills, I put this project back. I focused, the following years, only on supply and demand. After many years I became aware of Forex Factory through a very creative programmer Hanover. In January 18, I opened my blog: Equilibrium, a key to success! In addition, I decided to learn Java programming language to understand the calculation of indicators. Shortly before the start of my online course I posted this project on 24.02.2018 in the blog: "I want to code your EAs and Indicators for no charge", Post # 22.650.

https://www.forexfactory.com/showthr...7#post10811857

In this blog come in many requests for the creation of new indicators and it was quite clear that my request was initially ignored. I posted my request over and over again. I got a lot of great suggestions and ideas but not exactly what I imagined. At this point, I would like to thank all members and programmers who disinterestedly help other members. Time is a very precious commodity today and more valuable than all the money in the world, so I take my hat off to all the members who take time to help other people. Unfortunately, English is not my native language, the communication works quite well, but explain as a new programmer an indicator that does not yet exist. By accident I came to a very experienced and creative programmer Georg who lives in Germany. Our trading approaches are completely different and since he is independent and has hundreds of inquiries, he did not want to get involved in such a project. Nevertheless, he helped me and supported me and I would like to thank him once again for this great help. He has once again confirmed to me that one can easily identify a pullback with these indicators in particular. This compliment from an experienced programmer and trader clearly shows that the indicator works. Let's start with our project.



Here is a possible overview of what the two indicators might look like when working. Of course, you can also set the background in white, that's a matter of taste.
To start with, the indicators are not perfect yet. We still have to turn some of the adjusting screws, and later some information. Crucial to this project is that we work to gather insights and evaluate them. That's exactly the problem often; a great indicator is developed, uploaded, downloaded, and then it disappears in nowhere. The reason for this is because users have too little information about it. I think we all worked with indicators that we quickly deleted because we could not do anything with them. If we do not gather our experience with these new indicators, that will happen in this case as well.

How do I concretely imagine the project work? You can see in the chart image two indicators, which in principle output the same values, only shown graphically differently. You could actually do without the histogram, but it is useful for an overview. The main indicator can be seen in the upper area with the zigzag lines, which of course you can hide. Decisive are the numbers below, which I have already explained in detail in the previous posts. In the MT 4 we have 9 different main time units and with the smZigZag-Bionics 3.1 different set screws: Depth, Deviation and Backstep. This results in millions of different possibilities for an optimal setting. The first step will be to find the optimal setting in each time unit. The second step will be to optimize these settings.

What do I mean by that? Everyone knows that a market is not linear. Volume, volatility and many other factors are constantly changing. That's one of the reasons why I do not use EA, because they only work in certain market phases. In the second step, we can try to adapt the project to different market phases. Although I can tell you right now that this will be quite a challenge. However, we have a distinct advantage over an EA, because of the information we derive from this indicator, we do not give orders. This indicator only helps us to understand the trend direction in which the market may be moving. With this information, we are able to find a suitable entry point with our trading approach. It is completely irrelevant whether they deal with supply and demand, Fibonacci, MA or other strategies. Ultimately, it's just about the trend direction in which the course could possibly move in the next few hours.

Suppose that there are 1,100 logical settings in the indicator that you need to check, there are a total of 10,000 variations for 9 different time units. Now, if you take one day to perform this review, a person needs 40 years by 250 trading days a year. If 100 people deal with it, the result would already be on the table after four months. Not that we misunderstand, we have already with a setting of 24/12/6 a very good result. I myself still work with 12/6/3, preferably with 8/4/2 and rarely with 4/2/1. I am firmly convinced that there are optimizations that give an even better picture. And that's exactly what it's all about optimizing the setting so that the overall picture becomes clearer. And that can only be achieved together.



Let's start with the first indicator. You realize that this is already the third version and I would like to point out once again that it makes no sense to use the indicator without having read Post 663 and Post 667.

Attached Image (click to enlarge)

In order to achieve the same view as in the picture in your chart image, open in the indicator only the field "Inputs" and the field "Colors". In the field "Inputs" I used the value 24/12/6, so that you can follow my example from Post 667 in H1. (The default is 12/5/3). Please note: Since everyone has a different Brocker, it may occasionally come to deviations, since the candle formation is different for each broker. With the setting 5,000 under maxBars, the hourly chart ranges from today's date to the end of 2017. With the TextOffset_Pips you can set the distance of the numbers to the line. The setting of the line color should be clear. With Color_TextValues you can assign all numbers the same color, if you enter black the colors in blue and red appear as in the picture. The size of the numbers can not be changed. We will certainly change that together at a later date. With LineWith you can change the line width. Please note that under "Colors" you should enter Black, None, None to make the chart as in the picture.



Here's a similar example only with thicker lines. You realize that the numbers are now very close to the line they could now vary.



Here's another example, if the numbers are all the same color and in addition the numbers are farther from the line. The smaller the time unit the smaller the setting should be. We can also automate this at a later date.



Here's an example of how to dispense with the lines and use only the pure numbers. If the numbers are too small for you, I recommend setting the color to white when the background is dark.

Very important:

If you set the settings of maxBars to 5,000, it must also be ensured that there are 5,000 bars. In the monthschart I have about 570 bars. With a setting of 5,000, the indicator would deny me the ad. Therefore, check that the required number of bars is in your chart.



Let's come to the second indicator. I use this indicator to filter out the big peaks and recognize them immediately. As described in the posts 663 and 667, the tips could be a stronger pullback.

Attached Image (click to enlarge)

Folie6

The settings are similar to the first indicator. If you want to see numbers above the bar, I recommend that you set the value of TextOffset_Value to 0.1 so that if the value is high, the number does not disappear at the boundary.

Attached Image (click to enlarge)

Here's another way to connect the bars to a line. So you could completely do without the bars to get a simple overview on the peaks. It will also be interesting if we connect only the green and red bars. This then creates two lines that intersect. Also this variant is very interesting which I have looked at once. You will notice in part that the second indicator sometimes outputs different values than the first, but this is not critical at this time because the first indicator works. The second indicator is actually only intended to filter out the tips. If we tackle the project with the two lines crossing each other, then we have to deal with it to find out the bugs. If you are a programmer, you will know that finding a bug is far more difficult than programming a complete indicator.



Here's another example of how to use three auxiliary indicators on your chart. This picture consists of the two new indicators and the Momentum Candles indicator that I have posted here several times. The setting is 15/22.

So now begins the actual project work, I believe you realize that we have made a lot of work to get this project on the way first. My main aspect is that a trader should always be independent of EA, news or opinions in his trading decisions. But you need good information about the current market situation. This indicator could provide some important information. The point now is to figure out the setting with which this indicator provides the best information. For this everyone is invited who would like to participate, to participate in the project. That means you first have to gain experience, analyze it to draw specific conclusions. Then we can go into an evaluation, discuss with each other and exchange ideas. It goes without saying that the updates and improvements will be made available to you immediately and free of charge.

Since I'm on the road in the next few days I can not promise to answer questions immediately. At the end of next week I will give some information about the next project. This project fits in seamlessly with the first project and can be optimally interconnected. It is sort of a fine tuning of the first project and will inspire you. In addition, I will then make a video to underpin the effectiveness of this very interesting auxiliary indicator.

I wish you a great weekend and much success with the first project.

best regards

Hello Bionics,

Thank you for letting us benefit graciously from your immense work

Hello mchl13,

Thank you for great compliments, the idea is mine, but without the help of others I would never have achieved that. That's the beautiful thing about FF, One for All and All for One. Alone you can achieve a lot, everything together. But we are still in the beginning of this project and everyone can contribute their share.

best regards

Thanks for the nice work.

green pips

PROUD OF YOU KEEP IT UP

Bionics

Nice thread.

I downloaded the indicators and placed them on a EURUSD H1 chart. I did notice a difference between them re: how the zigzag painted on the main chart vs indicator window 1. See the yellow rectangle in the attached a screen shot.

Cheers

malfunction :

to the right of the rectangle, display 2.9 on graph and 1.9 on oscillator

I believe it starts with the 13.0 value in indicator window 1 - it identifies a different zigzag peak than on the main chart. Regardless I could have made the yellow rectangle larger to include the 2.9/1.9 numbers