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Strength breakout indicator

  • #21
  • Aug 10, 2017 4:05am Aug 10, 2017 4:05am
Quoting MathTrader7
{quote} You are welcome! :-) Pop up alert has been already implemented.
Yes, sorry I just realised I was rushing and didn't complete my request. I was meaning an on/off option. Thank you
  • #22
  • Edited 6:05am Aug 10, 2017 5:09am | Edited 6:05am
Quoting LITEchild
{quote} You nailed it MT7! Perfectly. Slight issues with refresh though i think. Had to change timeframes and back again before some arrows updated. Is it possible to have an option not to show histogram at all, only the arrows? Job well done buddy! {image}
I noticed the same issue... while the pop up happens in real time, the arrows will appear only after switching TF. Do you think you can get it fixed, MT7? I also would second the request not to show the histogram. Thanks again.

Edit: Actually at times even the popup is out of sync and appears a few bars later. Considering the indicator is surely not repainting, I hope this is an easy issue to fix...

2nd Edit: I think the popup also keeps appearing at each bar for some time after the 1st occurrence. Tha's why I thought it was out of sync. I'm a bit confused at the moment. I hope MT7 will clear things up for us soon.

3rd edit: I just witnessed what you see in the pic: the popup for the signal on arrow 1 appeared at the open of the candle marked by arrow 2. Definitely something wrong with the way the original indicator refreshes itself.
Attached Image (click to enlarge)
Click to Enlarge Name: ASH.jpg Size: 354 KB
  • #23
  • Aug 10, 2017 6:17am Aug 10, 2017 6:17am
Quoting 4fxonly
{quote} I noticed the same issue... while the pop up happens in real time, the arrows will appear only after switching TF. Do you think you can get it fixed, MT7? I also would second the request not to show the histogram. Thanks again. Edit: Actually at times even the popup is out of sync and appears a few bars later. Considering the indicator is surely not repainting, I hope this is an easy issue to fix... 2nd Edit: I think the popup also keeps appearing at each bar for some time after the 1st occurrence. Tha's why I thought it was out...
I will release a new version to fix these issues....
Trading is the hardest way to make easy money...
  • #24
  • Aug 10, 2017 9:16am Aug 10, 2017 9:16am
Quoting LITEchild
{quote} You nailed it MT7! Perfectly. Slight issues with refresh though i think. Had to change timeframes and back again before some arrows updated. Is it possible to have an option not to show histogram at all, only the arrows? Job well done buddy! {image}
Great, subscribe Litechild. I think the bottom indicator of your image is the CSM or some thing similar. Could you please share it ? Or can you give us the link where we can get it ...
The purpose of this indicator is to see the "trend" ?
Thanks.
I am failed,but i found 1,000 ways that won't work ...
  • #25
  • Aug 10, 2017 9:30am Aug 10, 2017 9:30am
Well done guys, you may be on to something really good here ....subscribed

However, take the arrows as guidance not the bible and watch out for areas of low and high when getting these signals (sorry to state the obvious to some of you).

Also, TP should be to the most recent previous support if a sell, or most recent resistance for a buy.

What timeframe is this indicator gong to be used for?.

I looking forward to that revised indicator
  • #26
  • Aug 10, 2017 9:39am Aug 10, 2017 9:39am
Quoting MathTrader7
{quote} I will release a new version to fix these issues....
Thank you MT7. The Histogram can be made optional rather than removing completely. Your time and effort is highly appreciated buddy.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYM30.png Size: 50 KB
  • #27
  • Aug 10, 2017 10:03am Aug 10, 2017 10:03am
Quoting LITEchild
{quote} Thank you MT7. The Histogram can be made optional rather than removing completely. Your time and effort is highly appreciated buddy. {image}
Hi, what's rule for your entry?
  • #28
  • Aug 10, 2017 11:03am Aug 10, 2017 11:03am
Quoting LITEchild
{quote} Thank you MT7. The Histogram can be made optional rather than removing completely. Your time and effort is highly appreciated buddy. {image}
The rules are very clear as per your screenshot, but I observed the following......

Trade entered before close of candle (the 2nd bearish arrow);
That point appears to be an apparent Support line violating rule #3
The ADR MARKER is not too generous with it's target ( but 15 cool pips landed in the bag )

So just waiting eagerly for MT7 to finish with the superduper tool.

BTW would you mind sharing your favourite CSM here, thanks in advance.
Let it turn and find your entry.
  • #29
  • Edited 12:00pm Aug 10, 2017 11:35am | Edited 12:00pm
Quoting bonbon
{quote} Hi, what's rule for your entry?
Rule HINTS are clearly displayed on all my charts.
  • #30
  • Aug 10, 2017 11:56am Aug 10, 2017 11:56am
1.
Quoting Intrepidpips
{quote} The rules are very clear as per your screenshot...
Not really. I only gave hints. I did not specify EXACTLY how I use the rules.

2.
Quoting Intrepidpips
{quote} ... Trade entered before close of candle (the 2nd bearish arrow).
I have never mentioned anything about candle close or entries for that matter.

3.
Quoting Intrepidpips
{quote} That point appears to be an apparent Support line violating rule #3.
Again I did not specify any details about whether or not to buy or sell at support/resistance lines.

4.
Quoting Intrepidpips
{quote} The ADR MARKER is not too generous with it's target.
I have absolutely no idea what you mean here? But for what its worth, This is a scalping methodology. Average pips expected per trade range between 10 - 30 pips depending on pair and volatilty. ADR is not necessarily used as targets. Just to define some of the trade parameters.

5.
Quoting Intrepidpips
{quote} just waiting eagerly for MT7 to finish with the superduper tool.
Very generous of him. Thank you MT7!!!

6.
Quoting Intrepidpips
{quote} BTW would you mind sharing your favourite CSM here, thanks in advance.
I use a custom Coded CSM. I will share it publicly if I ever decide to go public with the complete strategy and rules. Still not decided yet. But in truth, there is nothing special about it. Any decent CSM can be just as effective. Its not the indicators per se. Its how you use them. The thought process is key!
Sometimes the stress of babysitting a thread on forex factory can be exhausting and affect trading adversely. So for now fingers crossed...
  • #31
  • Aug 10, 2017 12:08pm Aug 10, 2017 12:08pm
Quoting 4fxonly
{quote} I noticed the same issue... while the pop up happens in real time, the arrows will appear only after switching TF. Do you think you can get it fixed, MT7? I also would second the request not to show the histogram. Thanks again. Edit: Actually at times even the popup is out of sync and appears a few bars later. Considering the indicator is surely not repainting, I hope this is an easy issue to fix... 2nd Edit: I think the popup also keeps appearing at each bar for some time after the 1st occurrence. Tha's why I thought it was out...
Here is a temporary fix i am using... Just set the refresh time to match your trade timeframe. Trade safe.
Attached File(s)
File Type: mq4 AutoRefresh.mq4   1 KB | 1,071 downloads
File Type: mq4 Symphonie Autorefresh_v3.0.mq4   2 KB | 1,160 downloads
  • #32
  • Aug 10, 2017 1:11pm Aug 10, 2017 1:11pm
Here is Version 3.00 of the indicator in which I solved the issue of arrows when changing timeframe of the chart....
Attached File(s)
File Type: ex4 MT7_AbsoluteStrenghtHisto.ex4   34 KB | 1,370 downloads
Trading is the hardest way to make easy money...
  • #33
  • Aug 10, 2017 2:07pm Aug 10, 2017 2:07pm
Quoting MathTrader7
Here is Version 3.00 of the indicator in which I solved the issue of arrows when changing timeframe of the chart.... {file}
Thanks, mate. Will check it out. Thanks to LITEchild as well for the temporary fix, but hopefully the new version has got rid of the reported nuisance.
  • #34
  • Aug 10, 2017 2:10pm Aug 10, 2017 2:10pm
Quoting LITEchild
... Its not the indicators per se. Its how you use them. The thought process is key! Sometimes the stress of babysitting a thread on forex factory can be exhausting and affect trading adversely. So for now fingers crossed...
I know what you mean, my friend. Keep up the good work anyway!
  • #35
  • Aug 10, 2017 2:17pm Aug 10, 2017 2:17pm
Quoting MathTrader7
Here is Version 3.00 of the indicator in which I solved the issue of arrows when changing timeframe of the chart.... {file}
Thank you MT7
Let it turn and find your entry.
  • #36
  • Aug 10, 2017 2:20pm Aug 10, 2017 2:20pm
Quoting LITEchild
1. {quote} Not really. I only gave hints. I did not specify EXACTLY how I use the rules. 2. {quote} I have never mentioned anything about candle close or entries for that matter. 3. {quote} Again I did not specify any details about whether or not to buy or sell at support/resistance lines. 4. {quote} I have absolutely no idea what you mean here? But for what its worth, This is a scalping methodology. Average pips expected per trade range between 10 - 30 pips depending on pair and volatilty. ADR is not necessarily used as targets. Just to define...
All the hints perfectly understood, thanks for the effort of starting this thread in the first place.
Let it turn and find your entry.
  • #37
  • Aug 10, 2017 4:18pm Aug 10, 2017 4:18pm
Quoting MathTrader7
Here is Version 3.00 of the indicator in which I solved the issue of arrows when changing timeframe of the chart.... {file}
Job well done as usual my friend! Thank you.
  • #38
  • Aug 11, 2017 2:33am Aug 11, 2017 2:33am
Thank you Guys for your effort and sharing the indicator. I put it on the chart and I found that sometimes it has wrong signals and arrow and after a while by changing the time frame it will disappear. also some times it repeats the signal even a few hours after the arrow has appeared on the chart.



The last red arrow here disappeared after changing time frame
Attached Image (click to enlarge)
Click to Enlarge Name: AU.png Size: 55 KB
  • #39
  • Aug 11, 2017 3:07am Aug 11, 2017 3:07am
Quoting kasrafx
Thank you Guys for your effort and sharing the indicator. I put it on the chart and I found that sometimes it has wrong signals and arrow and after a while by changing the time frame it will disappear. also some times it repeats the signal even a few hours after the arrow has appeared on the chart. The last red arrow here disappeared after changing time frame {image}
I havent't witnessed the signal disappearing yet (will keep checking). About the popup repeating I think the logic behind it is that until the triggering condition is still present (value above/below the previous high/low cycle), it will be reported until that condition changes again (not necessarily a new signal). Although I'm no coder I have an idea it will be easy to fix. MT7 around, please?
  • #40
  • Aug 11, 2017 10:33am Aug 11, 2017 10:33am
Here is Version 3.10 of the indicator. I fixed the issue with multiple alerts for the same signal.
Attached File(s)
File Type: ex4 MT7_AbsoluteStrenghtHisto.ex4   35 KB | 1,056 downloads
Trading is the hardest way to make easy money...
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