(binned per thread starter’s request) Using Anchorfx indicator | Forex Factory

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(binned per thread starter’s request) Using Anchorfx indicator

  • #1
  • First Post: Jul 25, 2008 9:14am Jul 25, 2008 9:14am
First, let me post some charts.
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  • #2
  • Jul 25, 2008 9:14am Jul 25, 2008 9:14am
Now for GU
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  • #3
  • Jul 25, 2008 9:15am Jul 25, 2008 9:15am
Finally, GJ the beast
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  • #4
  • Jul 25, 2008 9:17am Jul 25, 2008 9:17am
And not to forget, the indicator used.

I have used this for 2 years now with good results, mostly on 15 min charts.

Needless to say, I am a scalper - level to level.
Attached File(s)
File Type: mq4 anchorfx.mq4   6 KB | 1,399 downloads
  • #5
  • Jul 25, 2008 9:26am Jul 25, 2008 9:26am
A lot of qustions have been asked about the buyers and sellers in my indicators, here is the code

double cl = iClose(Symbol(),PERIOD_W1,0);
double lw = iLow(Symbol(),PERIOD_W1,0);
double hi = iHigh(Symbol(),PERIOD_W1,0);
double vol = iVolume(Symbol(),PERIOD_W1,0);
double bw = ((cl - lw) * vol)/((cl-lw)+(hi-cl));
double sw = ((hi - cl) * vol)/((cl-lw)+(hi-cl));
double pw;
if (bw > sw)
{
pw = bw/sw;
}
if (sw > bw)
{
pw = sw/bw;
}

double is data type
bw is total buyers
sw is total sellers
cl is current candle close
hl is current candle high
lw is current candle low

and i am using weekly candle as it is more reliable.

needless to say the buyers and sellers information is directly from the current weekly candle, as in buying strend or selling strength.

i designed it to study the candles in a better manner than visually looking at each and every candle.
  • #6
  • Jul 25, 2008 9:31am Jul 25, 2008 9:31am
Long possible or short possible is based on current bid value in respect to previous day close, if the currency is trading above orevious day's close then uptrend is possible and shows "long possible"

it is left entirely on the chart reader to determine the trade and trade accordingly, the indi just gives a suggestion.

The last figure is the position of current bid value in respect to the current weekly candle, as if what part of the weekly candle it is at currently.

Above 0 is normally uptrend and below 0 is normally downtrend.

But then this information is subjective.
  • #7
  • Jun 13, 2010 10:08pm Jun 13, 2010 10:08pm
Hi ForexLion:

This looks great! Do you still use this indicator?
Can i use it on 1H/4H? If so do I need to modify anything?


You have been doing great.

Regards,
Anjani Singh
  • #8
  • Edited 8:10pm Jun 22, 2010 8:09pm | Edited 8:10pm
Please explain the power numbers.

At what point is it good to enter or exit according to the power numbers?
  • #9
  • Jul 28, 2010 4:54am Jul 28, 2010 4:54am
I've been using anchorfx for about 2 months now. I look at price if above pivot level and the power number is 4 or greater and if it is a long possible trade then I will place a long trade only if it is a positive swap trade. I will place a 2% of my account Stop Loss or just 5 pips below Pivot. I like Pivot entry points as this is the turning point indicator.

As a side note I really like digital indicators this one is Exceptional.
Thank You Forexlion you are truly gifted.

I would really like to see a multi pair indicator like this with the information to put say 10 to 15 pairs on a single window and would move up automaticly to the top of the list as the strongest pair to trade.
  • #10
  • Aug 26, 2010 7:58am Aug 26, 2010 7:58am
Quoting forexlion
First, let me post some charts.
lion i tried to download your indi but it wont show up on my chart!! Only words like support resistance, pivot etc!! No blue n red line indi??
  • #11
  • Nov 19, 2015 8:01am Nov 19, 2015 8:01am
Hi forexlion,
I try to complie to use on 600+.
It shows error "'ObjectCreate' - no one of the overloads can be applied to the function call"
for this line: ObjectCreate(lbl[u],23,0,Time,PRICE_CLOSE);

Thanks,
Sam
  • #12
  • Mar 2, 2016 7:34pm Mar 2, 2016 7:34pm
recompiled for build 950, changed some bad code, added a % at the end which gives % of current range moved with respect to average range, this gives how much the currency can move more ; that is how much it can trend and where it will start ranging between current extremes.

Attached Image (click to enlarge)
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Attached File(s)
File Type: ex4 anchorfx.ex4   39 KB | 912 downloads
  • #13
  • Mar 2, 2016 8:33pm Mar 2, 2016 8:33pm
Hi Forex Lion,
First of all, thanks for sharing such a great indicator.

May I ask is it possible for some options to choose to make this wonderful indicator even better?
For example:
1) position and size of the dashboard
2) style and color styles for the lines

That's all
Thanks you very much.

Sam
  • #14
  • Mar 2, 2016 10:04pm Mar 2, 2016 10:04pm
Quoting shenjinpin
Hi Forex Lion, First of all, thanks for sharing such a great indicator. May I ask is it possible for some options to choose to make this wonderful indicator even better? For example: 1) position and size of the dashboard 2) style and color styles for the lines That's all Thanks you very much. Sam
i will sit back during the weekend and rewrite the whole code, its pretty bulky right now
  • #15
  • Oct 17, 2017 3:20pm Oct 17, 2017 3:20pm
Quoting PatienceFx
{quote} i will sit back during the weekend and rewrite the whole code, its pretty bulky right now

Hi, any update on this !!!

1) position and size of the dashboard would be really nice. Its in the middle of my screen.

Cheers
  • #16
  • Oct 18, 2017 12:02am Oct 18, 2017 12:02am
Quoting John-Wick
{quote} Hi, any update on this !!! 1) position and size of the dashboard would be really nice. Its in the middle of my screen. Cheers
sorry, i do not have the mq4 file to edit, so can't do it
  • #17
  • Oct 18, 2017 3:24am Oct 18, 2017 3:24am
Quoting forexlion
recompiled for build 950, changed some bad code, added a % at the end which gives % of current range moved with respect to average range, this gives how much the currency can move more ; that is how much it can trend and where it will start ranging between current extremes. {image} {file}
Dear Forexlion,

could you please post the sourcecode mql file for the above indicator anchorfx for further development.

Thanks,
John
  • #18
  • Last Post: Jul 20, 2020 2:00pm Jul 20, 2020 2:00pm
Quoting forexlion
First, let me post some charts. {image}
Quoting forexlion
First, let me post some charts. {image}
Hi,

Can anyone write code like this
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