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Random Walk (The unbeatable!)

  • #301
  • Nov 26, 2017 3:49am Nov 26, 2017 3:49am
Hi GoldTheHun,

This is a nice thread. I followed you when I read something about z-scores, and you were discussing it for first time with the master coder Abo. You were trying to compare that before with the one coded by xaphod, if I am not mistake that was the super-trend indicator of sort.

I wish you all the best

Thanks for your valuable information shared here.

Kindest regards,
V2
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #302
  • Nov 26, 2017 3:56am Nov 26, 2017 3:56am
Seems to me the indicator doesn't adjust the lenght of the levels based on atr, I mean every day the lenght between the first blue and red line stays the same, to the level that if I drag the fibo tool that I drawed the day before on the new day levels it fits perfectly.
  • #303
  • Nov 26, 2017 3:56am Nov 26, 2017 3:56am
Quoting kprsa
Also the new version of channel from post #186. k {file}
hi kprsa,

nice work on this one. thanks

are you able to make it work with other TFs?

kindest regards,
V2
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #304
  • Nov 26, 2017 4:59am Nov 26, 2017 4:59am
Quoting v2vboni
Hi GoldTheHun, This is a nice thread. I followed you when I read something about z-scores, and you were discussing it for first time with the master coder Abo. You were trying to compare that before with the one coded by xaphod, if I am not mistake that was the super-trend indicator of sort. I wish you all the best Thanks for your valuable information shared here. Kindest regards, V2
Hi v2,

Thank you for your positive remarks...

Good Luck...
  • #305
  • Nov 26, 2017 6:57am Nov 26, 2017 6:57am
Quoting v2vboni
{quote} hi kprsa, nice work on this one. thanks are you able to make it work with other TFs? kindest regards, V2
Hi v2vboni,
thanks. As far as I remember, the indicator worked on any tf from m5 to daily according to specifications. I am not sure if it still works though, but if there would be clear requirements/bug reports, I could give the modification a shot.
Cheers,
k
  • #306
  • Nov 26, 2017 7:16am Nov 26, 2017 7:16am
Quoting kprsa
{quote} Hi v2vboni, thanks. As far as I remember, the indicator worked on any tf from m5 to daily according to specifications. I am not sure if it still works though, but if there would be clear requirements/bug reports, I could give the modification a shot. Cheers, k
Hi kprsa,

Just check your version and it works on other TF both the channel and pivot version.

thanks for the prompt response.

Kindest regards,
V2
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #307
  • Nov 27, 2017 9:40pm Nov 27, 2017 9:40pm
Goldthehun

very ingénues indicator -- Thanks for sharing the indi

I am still experimenting with it and it is very interesting

cheers to the op
Live today like theres no tomorrow-- Prioritize like you will die today
  • #308
  • Nov 28, 2017 3:46am Nov 28, 2017 3:46am
Quoting iamsovereign
Goldthehun very ingénues indicator -- Thanks for sharing the indi I am still experimenting with it and it is very interesting cheers to the op
Sovereign, thanks. If you find an interesting way of using it, let us know...

Good Luck.....
  • #309
  • Dec 29, 2017 3:34am Dec 29, 2017 3:34am
Quoting GoldTheHun
{quote} Hi drakos, The indicator is using Close[1] - Close[2] of 5 minute bars, so it is not based on ATR. The gap between the DS_0 and DR_0 should fluctuate, but since the volatility of the recent days are quite dead, the fluctuation is not noticeable for now. If volatility picks up in the future that gap will also change. Good Luck...
Forgive me but i also don't understand how RW-SupportResistanceALL.ex4 calculates especially the volatility part. By "Close[1] - Close[2] of 5 minute bars" do you mean the average of differences of last 1440 bars? ie (Close[1] - Close[2] + Close[2] - Close[3] + Close[3] - Close[4] +....+ Close[1439] - Close[1440])/1440. if you could be kind and share the source (RW-SupportResistanceALL.mq4) or show us the line of code that calculates volatility. i will be grateful for this
  • #310
  • Dec 29, 2017 5:13am Dec 29, 2017 5:13am
Quoting Sidric
{quote} Forgive me but i also don't understand how RW-SupportResistanceALL.ex4 calculates especially the volatility part. By "Close[1] - Close[2] of 5 minute bars" do you mean the average of differences of last 1440 bars? ie (Close[1] - Close[2] + Close[2] - Close[3] + Close[3] - Close[4] +....+ Close[1439] - Close[1440])/1440. if you could be kind and share the source (RW-SupportResistanceALL.mq4) or show us the line of code that calculates volatility. i will be grateful for this
No problem Sidric,

Here is the part of the code that calculates what you are asking for:

MathAbs(Close[i]-Close[i+1]);

Just like you said I calculate 1440 bars of 5 minute timeframe and then take the average. (1 week rolling average basically)

Hope this helps...
Good Luck...
  • #311
  • Dec 29, 2017 5:49am Dec 29, 2017 5:49am
Quoting GoldTheHun
{quote} No problem Sidric, Here is the part of the code that calculates what you are asking for: MathAbs(Close[i]-Close[i+1]); Just like you said I calculate 1440 bars of 5 minute timeframe and then take the average. (1 week rolling average basically) Hope this helps... Good Luck...
Thanks, it's all clear now. from what i have observed this is how i intend to use it: wait for the break out of 78.4 and 23.6 levels and enter, take profit is 3/4 of average daily range (14 days)... no need to be greedy. i have so far taken 9 trades today following this simple rule, 5 have TP hit, 4 are still running but 3 of those are in green. i don't intend to open any order as long as price is within 78 and 23 fib levels.
  • #312
  • Dec 29, 2017 6:02am Dec 29, 2017 6:02am
Quoting Sidric
{quote} Thanks, it's all clear now. from what i have observed this is how i intend to use it: wait for the break out of 78.4 and 23.6 levels and enter, take profit is 3/4 of average daily range (14 days)... no need to be greedy. i have so far taken 9 trades today following this simple rule, 5 have TP hit, 4 are still running but 3 of those are in green. i don't intend to open any order as long as price is within 78 and 23 fib levels.
Welcome Sidric and thanks for sharing your method.

Here is another angle you can use with your method in which you don't even have to calculate 14 days daily range. Instead you use anticipated daily range, which is DailyTopLevel0 - DailyBotLevel0. You can multiply this with your 3/4 (0.75) ratio to find your TP value.

You will see that (DailyTopLevel0 - DailyBotLevel0) is more valuable than simple average daily range..

That is my 2 cents.

Good Luck...
  • #313
  • Dec 29, 2017 6:17am Dec 29, 2017 6:17am
Quoting GoldTheHun
{quote} No problem Sidric, Here is the part of the code that calculates what you are asking for: MathAbs(Close[i]-Close[i+1]); Just like you said I calculate 1440 bars of 5 minute timeframe and then take the average. (1 week rolling average basically) Hope this helps... Good Luck...
Hi, GoldTheHun. There is an error in this line i think. The line "Close[i]-Close[i+1]" has to be changed to "close[i]-close[i+1]". Try it and you'll see the difference in levels.
  • #314
  • Dec 29, 2017 6:27am Dec 29, 2017 6:27am
Quoting Dezil
{quote} Hi, GoldTheHun. There is an error in this line i think. The line "Close[i]-Close[i+1]" has to be changed to "close[i]-close[i+1]". Try it and you'll see the difference in levels.

Hi Dezil,

I honestly don't see the difference. It looks like you wrote the same line twice...
  • #315
  • Edited 6:58am Dec 29, 2017 6:44am | Edited 6:58am
Quoting GoldTheHun
{quote} Hi Dezil, I honestly don't see the difference. It looks like you wrote the same line twice...
No, it's not the same line. You have to use "close" instead of "Close". I takes me a lot of time to figure out why oroginal ATR-Close.mq4 does not calculete average value right.
  • #316
  • Dec 29, 2017 6:59am Dec 29, 2017 6:59am
Quoting Dezil
{quote} No, it's not the same line. You have to use "close" instead of "Close". I takes me many time to figure out why oroginal ATR-Close.mq4 does not calculete average value right.
Dezil, in mql4 the "C" of Close has to be in caps. I honestly don't know what "close" represents. Close of a bar must be "Close" in caps...
  • #317
  • Dec 29, 2017 7:13am Dec 29, 2017 7:13am
Dezil,

Please try the ones which are posted below. Both indicators have to be put in indicator folder. Val_Bands-ATR-Close calculates the average differently..

Attached File(s)
File Type: mq4 Val_Bands-ATR-Close.mq4   13 KB | 723 downloads


Attached File(s)
File Type: ex4 Val_Bands-ATR-Close.ex4   11 KB | 556 downloads


Attached File(s)
File Type: mq4 RW-SupportResistanceALL-ValBands.mq4   8 KB | 684 downloads


Attached File(s)
File Type: ex4 RW-SupportResistanceALL-ValBands.ex4   18 KB | 531 downloads
  • #318
  • Dec 29, 2017 7:29am Dec 29, 2017 7:29am
Quoting GoldTheHun
{quote} I honestly don't know what "close" represents.
Here is the declaration of main function of ATR-Close.mq4. I marked the line. That's why we have to use close array not Close.

int OnCalculate(const int rates_total,
const int prev_calculated,
const datetime &time[],
const double &open[],
const double &high[],
const double &low[],
const double &close[],
const long &tick_volume[],
const long &volume[],
const int &spread[])
  • #319
  • Dec 29, 2017 7:35am Dec 29, 2017 7:35am
Quoting GoldTheHun
Val_Bands-ATR-Close calculates the average differently..
This version was written for old builds of MQL. It uses start() function, not OnCalculate(). In this case we use Close[] array
  • #320
  • Dec 29, 2017 8:08am Dec 29, 2017 8:08am
Quoting Dezil
{quote} This version was written for old builds of MQL. It uses start() function, not OnCalculate(). In this case we use Close[] array
I understand now. Thank you for the input..

Good Luck...
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