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need simple indicator for Daily green/red candle 1 reply

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  • Post #3,461
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  • May 5, 2017 9:29pm May 5, 2017 9:29pm
  •  Stumpy1
  • | Joined Jul 2008 | Status: Member | 209 Posts
Why not use Bill Williams alligator its a standed indicator in MT4 just cick on indicators bill williams and you have it . It clearly defines ranging and trending markets I am about to try it myself
  • Post #3,462
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  • May 7, 2017 1:29am May 7, 2017 1:29am
  •  dimdel
  • Joined Oct 2012 | Status: Member | 2,394 Posts
Quoting Stumpy1
Disliked
Why not use Bill Williams alligator its a standed indicator in MT4 just cick on indicators bill williams and you have it . It clearly defines ranging and trending markets I am about to try it myself
Ignored
anything work for you , its ok , go on
  • Post #3,463
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  • May 8, 2017 1:28am May 8, 2017 1:28am
  •  dimdel
  • Joined Oct 2012 | Status: Member | 2,394 Posts
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  • Post #3,464
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  • May 8, 2017 2:28am May 8, 2017 2:28am
  •  thangnd.1211
  • | Joined Dec 2016 | Status: Member | 244 Posts
hi dimdel,
you use T3 indicator with default setting (14, 0.7) or other setting ?
  • Post #3,465
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  • May 8, 2017 2:42am May 8, 2017 2:42am
  •  dimdel
  • Joined Oct 2012 | Status: Member | 2,394 Posts
Quoting thangnd.1211
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hi dimdel, you use T3 indicator with default setting (14, 0.7) or other setting ?
Ignored
t3 ( 8, 0,7 )
  • Post #3,466
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  • May 9, 2017 8:54am May 9, 2017 8:54am
  •  dimdel
  • Joined Oct 2012 | Status: Member | 2,394 Posts
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  • Post #3,467
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  • May 9, 2017 9:28am May 9, 2017 9:28am
  •  ChicagoRob
  • | Joined Mar 2008 | Status: Member | 889 Posts
Quoting dimdel
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{image}
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Full lots. Go big or go home! My demo is doing well -will post results soon.
  • Post #3,468
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  • May 10, 2017 2:25am May 10, 2017 2:25am
  •  dimdel
  • Joined Oct 2012 | Status: Member | 2,394 Posts
HI
more simple the MA8 CANDLES


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  • Post #3,469
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  • May 10, 2017 2:38am May 10, 2017 2:38am
  •  dimdel
  • Joined Oct 2012 | Status: Member | 2,394 Posts
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  • Post #3,470
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  • May 10, 2017 2:48am May 10, 2017 2:48am
  •  dimdel
  • Joined Oct 2012 | Status: Member | 2,394 Posts
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  • Post #3,471
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  • May 10, 2017 8:44am May 10, 2017 8:44am
  •  tomthepoppop
  • | Joined May 2011 | Status: It's a GREAT life | 491 Posts
Dimdel - What is an MA8 Candle?
  • Post #3,472
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  • May 10, 2017 8:51am May 10, 2017 8:51am
  •  ChicagoRob
  • | Joined Mar 2008 | Status: Member | 889 Posts
Last seven trades with Green-Red/T3.
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  • Post #3,473
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  • May 10, 2017 10:26am May 10, 2017 10:26am
  •  Erebus
  • Joined Jul 2011 | Status: Member | 4,691 Posts
Quoting tomthepoppop
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Dimdel - What is an MA8 Candle?
Ignored
I have no idea but let me guess

Usually MA is Moving Average but I don't see any on the chart

Only other thing I can think of is maybe a "blended" candle

That is merging 2 x 4 H candles into 1 x 8 H candle

In your imagination that is, MT4 doesn't have 8 H candles

But it easy enough to do, look at open to close and you know if it is green or red

Maybe, good luck
  • Post #3,474
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  • May 10, 2017 10:33am May 10, 2017 10:33am
  •  tomthepoppop
  • | Joined May 2011 | Status: It's a GREAT life | 491 Posts
Quoting Erebus
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{quote} I have no idea but let me guess Usually MA is Moving Average but I don't see any on the chart Only other thing I can think of is maybe a "blended" candle That is merging 2 x 4 H candles into 1 x 8 H candle In your imagination that is, MT4 doesn't have 8 H candles But it easy enough to do, look at open to close and you know if it is green or red Maybe, good luck
Ignored
Thanks Erebus - I have read somewhere that there is a way to make 8hr and 12 hr candles on mt4 but age has allowed me to forget where.
  • Post #3,475
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  • May 10, 2017 10:37am May 10, 2017 10:37am
  •  Plague
  • | Joined Jul 2015 | Status: Member | 144 Posts
By the look of the chart it seems that the candles themselves are computed from MA(8), so it's a variant of heiken-ashi I guess.
  • Post #3,476
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  • May 10, 2017 11:24am May 10, 2017 11:24am
  •  dimdel
  • Joined Oct 2012 | Status: Member | 2,394 Posts
hi
MA8= moving anerage 8 days

so if price close>ma 8 then candle is green, so we go long

Attached File
File Type: ex4 MA Candles.ex4   6 KB | 313 downloads
Attached File
File Type: mq4 MA Candles.mq4   4 KB | 401 downloads


sorry for the mess
  • Post #3,477
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  • May 13, 2017 6:55am May 13, 2017 6:55am
  •  dimdel
  • Joined Oct 2012 | Status: Member | 2,394 Posts
every 8HOURS trading


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  • Post #3,478
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  • May 14, 2017 2:03am May 14, 2017 2:03am
  •  dimdel
  • Joined Oct 2012 | Status: Member | 2,394 Posts
HI
WHAT CAN YOU SEE?


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  • Post #3,479
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  • May 14, 2017 8:25am May 14, 2017 8:25am
  •  KGP
  • Joined Sep 2014 | Status: Don't make me use this! | 1,214 Posts
Quoting dimdel
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HI WHAT CAN YOU SEE? {image}
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that you are making money?
  • Post #3,480
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  • May 14, 2017 12:05pm May 14, 2017 12:05pm
  •  mizi123
  • Joined Jan 2015 | Status: Never underestimate value of an pip | 3,374 Posts
Quoting dimdel
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HI WHAT CAN YOU SEE? {image}
Ignored
conection from open to close price between candles!?
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