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Software tools for LauraT's Roadmap

  • #81
  • May 17, 2020 2:54pm May 17, 2020 2:54pm
Quoting climateking
i'm a newbie, please educate me the process of installing and how to use it.
Here here and here are some YouTube videos explaining how to install custom indicators in MT4. Google also finds many others.

Usage of the indicator makes sense only if you first understand the methodology behind LauraT's roadmap. For more information, please read the threads here and here.

The parameter settings are explained in some detail in post #1. If you have specific questions, please feel welcome to ask and I will attempt to expand on the material in my earlier posts.
  • #82
  • May 17, 2020 9:03pm May 17, 2020 9:03pm
Quoting Dinimuthoo
the dash board is same on all pairs. Can someone help me to fix this please.
Not sure what you mean by "same on all pairs". If you post a screenshot of the dashboard showing the nature of the problem, and also a screenshot of the parameter settings that you're using, I'll see if anything seems amiss.
  • #83
  • May 18, 2020 3:22am May 18, 2020 3:22am

  1. hanover
  2. Joined Sep 2006 [COLOR=#AFAFAF !important]|[/color] Status: ... [COLOR=#AFAFAF !important]|[/color] 7,978 Posts

Quoting climateking
i'm a newbie, please educate me the process of installing and how to use it.
Here here and here are some YouTube videos explaining how to install custom indicators in MT4. Google also finds many others.

Usage of the indicator makes sense only if you first understand the methodology behind LauraT's roadmap. For more information, please read the threads here and here.

The parameter settings are explained in some detail in post #1. If you have specific questions, please feel welcome to ask and I will attempt to expand on the material in my earlier posts.

1

 

  1. I like how MR Hanover treat new traders with respect.You are a real Gentleman.

it does not cost me anything to share my knowledges
  • #84
  • May 18, 2020 11:23am May 18, 2020 11:23am
Great tool -thx for all your input & efforts. Gives a lot of trading flexibility when following the "roadmap" set-up.
  • #85
  • May 18, 2020 3:39pm May 18, 2020 3:39pm
Thanks folks for your kind words. I hope that the dashboard is helpful to you.
  • #86
  • Edited 5:40am May 25, 2020 5:06am | Edited 5:40am
Quoting hanover
{quote} Thanks. However, I'll stay with the iCustom() call for the meantime, even if it's slower, for the reason that if any change is made to the calculation in the CompRSISelectv2 indicator (which could happen without my knowing about it), the dashboard will automatically self-adjust. ______________________________ @anybody: [EDIT] I have implemented a fix. If you want an item in the Symbols list to be processed 'as is' (including capitalization and punctuation), precede it with an equal sign (=). For example: =DJ30.fs Download updated version...

Hi Hanover,

Thank you for this fantastic scanner. I only just started with Laura's system and it is very convenient using this scanner.
But,... I have a problem getting the indices scanned from my brokers' list.
AdmiralMarkets.com's has put these brackets around all indices like this: [SP500], [DAX30], [FTSE100].
In the settings I added them with and without brackets but it didn't work. Even your solution of putting an (equal to) sign in front (=) didn't help.
I'm afraid it has something to do with the use of brackets to serve the 55 setting for gold and indices.... but that's only my quess.

Would you be willing and able to fix this....???

Regards,
Ben
  • #87
  • May 25, 2020 6:35am May 25, 2020 6:35am
Attached Image (click to enlarge)
Click to Enlarge Name: 2020-05-25_1328.png Size: 106 KB


Hi Hanover,

Maybe I found a 'glitch'; USDJPY doesn't show any numbers when price is at or close to the SMA200...
I have set USDJPY as UJ.

Regards,
Ben
  • #88
  • Edited 1:37pm May 25, 2020 6:49am | Edited 1:37pm
Quoting campco
Maybe I found a 'glitch'; USDJPY doesn't show any numbers when price is at or close to the SMA200... I have set USDJPY as UJ. Regards, Ben
Hi Ben,

I'd need to see your settings, specifically ProximityThreshold. RSI will print on the dashboard only if/when the near side of the EMA(8) channel (as opposed to the price) is within ProximityChannel channel widths of the SMA(200).

In my screenshot, the channel width is the distance between A and B, and the near side of the channel (B) appears to be more than one channel width away from the SMA (C). Hence ProximityThreshold would need to be significantly > 1 for the RSI to print on the dashboard, in this situation.

I decided to use channel width multiples instead of pips because 1 pip can differ from broker to broker on metals, commodities, indices, cryptos, etc.

See posts #14 and #46 for further explanation.

David
Attached Image (click to enlarge)
Click to Enlarge Name: PPI 1138.png Size: 46 KB


Quoting campco
I have a problem getting the indices scanned from my brokers' list. AdmiralMarkets.com's has put these brackets around all indices like this: [SP500], [DAX30], [FTSE100]. In the settings I added them with and without brackets but it didn't work. Even your solution of putting an (equal to) sign in front (=) didn't help. I'm afraid it has something to do with the use of brackets to serve the 55 setting for gold and indices.... but that's only my quess.
Yes, you're correct, as explained in post #1 I use square brackets to allow different RSI thresholds to be used for different instruments. Admiral Markets are a friggin nuisance, why they would want to put square brackets around their [symbol names] is beyond me, lol. I have changed the [square brackets] to {curly braces} and updated the indicator (now version 1.01) in post #1.
  • #89
  • May 25, 2020 7:02am May 25, 2020 7:02am
Quoting hanover
{quote} Hi Ben, I'd need to see your settings, specifically ProximityThreshold. RSI will print on the dashboard only if/when the near side of the EMA(8) channel (as opposed to the price) is within ProximityChannel channel widths of the SMA(200). In my screenshot, the channel width is the distance between A and B, and the near side of the channel (B) appears to be more than one channel width away from the SMA (C). Hence ProximityThreshold would need to be significantly > 1 for the RSI to print on the dashboard. See posts #14 and #46 for further explanation....
Hi hanover would it be possible option on the dashboard If I only want alert on previous high and low when touched? Many thanks
  • #90
  • May 25, 2020 12:55pm May 25, 2020 12:55pm
Quoting MarkStep
would it be possible option on the dashboard If I only want alert on previous high and low when touched?
This is already possible, by setting ProximityThreshold to 0 and AlertReasons to yest_high, yest_low
Explained in more detail in post #1. Please feel welcome to experiment with the settings.
  • #91
  • May 25, 2020 4:08pm May 25, 2020 4:08pm
Quoting hanover
{quote} Hi Ben, I'd need to see your settings, specifically ProximityThreshold. RSI will print on the dashboard only if/when the near side of the EMA(8) channel (as opposed to the price) is within ProximityChannel channel widths of the SMA(200). In my screenshot, the channel width is the distance between A and B, and the near side of the channel (B) appears to be more than one channel width away from the SMA (C). Hence ProximityThreshold would need to be significantly > 1 for the RSI to print on the dashboard, in this situation. I decided to use...
Ok Hanover. Thanks a lot. I understand better now why I didn't see the numbers (yet).
Thanks for changing the scanner as well. Now I can use it too its full potential. Great!!!

Best regards,
Ben
  • #92
  • May 26, 2020 11:29am May 26, 2020 11:29am
Hi Hanover amazing to find you on here after so many years i have not been on hear for about 8 years and you were helping people then you are a great person. I was doing my best not to disturb you trying to figure it out on my own but after 4 hrs still stuck

I have added all indicators and used the roadmapv2 template in post 1 - i attached it to a 1min usdjpy chart i have the comprsiselectv2 in indicators folder and even attached to chart although I understand not required .

I added all other indicators and loaded your dashboard template to a 1min chart. As you can see no RSI values show for usdjpy or GBPUSD another chart with roadmap template (15min chart) I have no idea why it shows 0 for RSI in dashboard you can see rsi in data window of chart it is giving a value other than 0

Hope you can help and as always you are a great man.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: dashboard with no rsi values showing.png Size: 91 KB
Click to Enlarge Name: USDJPY with template attached.png Size: 126 KB
  • #93
  • Edited 7:38pm May 26, 2020 2:37pm | Edited 7:38pm
Quoting censura
i have the comprsiselectv2 in indicators folder and even attached to chart although I understand not required
Hello sir,

Thank you for your kind words, and welcome back to the crazy world of FF. I'm delighted to have found LauraT's thread, it's given me some great new ideas for my trading toolbox, if I ever decide to get back into trading.

Anyway............... thank you for posting screenshots. As a result, I've found what I believe to be your problem in less than a minute. The dashboard obtains the RSI value like this:
Inserted Code
        RSIvalue = iCustom(ccy,1,"CompRSISelectv2",240,1440,10080,0,500,0,0);

which means that an indicator file named exactly CompRSISelectv2.ex4 must exist in your ..../MQL4/Indicators folder. I've attached it to this post. However, there are now several versions of this indicator with different names created by enthusiastic programmers, and I suspect that you've downloaded a different one. I see an indicator named CompRSISelectv2(1) in the parameter settings in your screenshot. You can still use this indicator, but the dashboard needs the CompRSISelectv2.ex4 file to be present also. After loading it, you need to either exit and restart MT4, or bring up MT4's Navigator, right click in the Indicators section and click Refresh. This will get MT4 to load the indicator into the Indicators 'tree'.

You've given me a great idea. In version 1.02 of the dashboard, I will make the name of the indicator and the also values sent (currently 240,1440,10080,0,500) variable parameters that can be entered by the user. Then the dashboard can use any version of the CompRSI indicator that people wish.**

In the meantime, please ensure that you have the correctly named indicator in the Indicators folder. If the problem still persists, please post again and I will take a more in-depth look at at your screenshots in post #92.

The world has been turned upside down by Covid-19. Take care and stay safe.

David
Attached File(s)
File Type: ex4 CompRSISelectv2.ex4   9 KB | 938 downloads


**[EDIT] I have uploaded a v1.02 (beta) of the indicator in post #1. You can now specify the version of CompRSI you wish to use, and its settings.
  • #94
  • May 27, 2020 1:58am May 27, 2020 1:58am
Thank you works perfectly , great work and I hope you and the ones you care about are safe and well in these difficult times.
  • #95
  • May 27, 2020 3:24am May 27, 2020 3:24am
Hi would it be possible to add - Gold , Oil and major indicies like FT100, DJ, Nasdaq, Dax

Thank you
  • #96
  • May 27, 2020 4:04am May 27, 2020 4:04am
Also is there a setting so that in a long setup ie rsi over 60 and bands cross above 200 sma line that a condition is set that the lower of the 2 bands needs to be above 200 sma line and the reverse for short ie rsi below 40 and upper of band is below 200sma

thank you
  • #97
  • May 27, 2020 4:07am May 27, 2020 4:07am
I ask as the rules dictate a retracement of price back to the lower of the bands (long setup) after bands have crossed above the 200 sma line , rsi above 60 so an alert when both lines have crossed would save a bit of screen time
  • #98
  • May 27, 2020 5:06am May 27, 2020 5:06am
Quoting censura
Hi would it be possible to add - Gold , Oil and major indicies like FT100, DJ, Nasdaq, Dax Thank you
Sorry i found you have done this not sure how i missed it when i was reading post anyway all good will be more careful before msg you , sorry
  • #99
  • Edited 8:13am May 27, 2020 7:52am | Edited 8:13am
Quoting censura
Also is there a setting so that in a long setup ie rsi over 60 and bands cross above 200 sma line that a condition is set that the lower of the 2 bands needs to be above 200 sma line and the reverse for short ie rsi below 40 and upper of band is below 200sma
If you set ProximityThreshold to 0, then the upper band of the EMA8 has to reach/cross the SMA200 for a long entry signal, and the lower band of the EMA8 has to reach/cross the SMA200 for a short entry signal. The criteria for signaling a short trade is the mirror image of the criteria for signaling a long trade.

The idea is to give an early warning so that you can watch the price chart for a possible setup. If you are trading failure patterns (anticipating price to reverse at the SMA200), then delaying the signal until the whole band has crossed would be leaving it too late. The dashboard is designed to signal both the breakout through the SMA pattern, and the failure pattern.

If you want to delay the signal, you could try setting ProximityThreshold to a negative value. I'm not sure if this will work correctly, I haven't tested it.
  • #100
  • May 29, 2020 10:46am May 29, 2020 10:46am
Hi,

Thanks for everyone in this forum sharing so much useful information. Im Newbie here, getting to grips with the roadmap and scanner tool.

Can someone please explain what these symbols (up/down arrows, left arrow, traingle etc) mean? I have attached an image of these symbols that appear next to instrument ticker.

Thanks,
Kishore
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 26 KB
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