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FREE Double Top/Bottom Indicator - Very Good Edge

  • #161
  • Dec 25, 2017 1:20pm Dec 25, 2017 1:20pm
Quoting ForexScotty
I have been using the modified Fibonacci to draw from the line to above/below 1 and 2. Using price crossing the line as a confirmation of sorts. Would this be correct?
Hi Scotty,

I draw the fibo always from the neckline to the highest/lowest price level of the double top/bottom which is at point 2.
  • #162
  • Dec 25, 2017 8:07pm Dec 25, 2017 8:07pm
i just buy alerted. want to ask, how to setting alert email?? my email is gmail.

thanks before
  • #163
  • Dec 25, 2017 8:23pm Dec 25, 2017 8:23pm
Quoting dedetfx
i just buy alerted. want to ask, how to setting alert email?? my email is gmail. thanks before
See post 117 and 118
  • #164
  • Dec 26, 2017 6:49am Dec 26, 2017 6:49am
Quoting ForexScotty
Hi Mike, to contribute to the above question, I have one of my own. Is there a constant method you use to draw the fib indi to confirm your entries? In some images, you draw the indi between the 1 and 2, others it is above/below the line and 1 and 2. Having constant anchors help to determine probability and analysis of what a trade "might" have done. I have been using the modified Fibonacci to draw from the line to above/below 1 and 2. Using price crossing the line as a confirmation of sorts. Would this be correct?
Hi
This may help it will draw the lines the way Mike does it, they are not Fibonacci levels.
You will need the free indicator.
Attached File(s)
File Type: ex4 Double-Fibo.ex4   10 KB | 827 downloads
  • #165
  • Dec 26, 2017 7:06am Dec 26, 2017 7:06am
Quoting TinyTim
{quote} Hi This may help it will draw the lines the way Mike does it, they are not Fibonacci levels. You will need the free indicator. {file}
Thanks TinyTim,

I was able to modify the MT4 Fib indicator to draw the lines in equidistant levels instead of fib levels. My questions was from which points on the DTDB indicator were used to draw the fib indicator from since some of the screen shots looked different. All good!

Found instructions here: https://learn.tradimo.com/metatrader...n-metatrader-4
  • #166
  • Dec 26, 2017 7:18am Dec 26, 2017 7:18am
Quoting ForexScotty
{quote} Thanks TinyTim, I was able to modify the MT4 Fib indicator to draw the lines in equidistant levels instead of fib levels. My questions was from which points on the DTDB indicator were used to draw the fib indicator from since some of the screen shots looked different. All good! Found instructions here: https://learn.tradimo.com/metatrader...n-metatrader-4
Great.
If you just drop indicator on chart it will do them for you.
  • #167
  • Dec 26, 2017 7:22am Dec 26, 2017 7:22am
Quoting TinyTim
{quote} Great. If you just drop indicator on chart it will do them for you.
Awesome! I downloaded it and will try it when I reboot next.
  • #168
  • Dec 26, 2017 10:13am Dec 26, 2017 10:13am
Quoting TinyTim
{quote} Hi This may help it will draw the lines the way Mike does it, they are not Fibonacci levels. You will need the free indicator. {file}
Wow Tim,

thank you for this great tool!
  • #169
  • Dec 26, 2017 11:08am Dec 26, 2017 11:08am
Looks great Tim!

You might consider adding the price levels to the labels for easy TP/SL settings.
  • #170
  • Dec 26, 2017 12:06pm Dec 26, 2017 12:06pm
Quoting ForexScotty
Looks great Tim! You might consider adding the price levels to the labels for easy TP/SL settings.
Here you go, can be set in inputs True will show prices.
Attached File(s)
File Type: ex4 Double-Fibo.ex4   10 KB | 1,094 downloads
  • #171
  • Dec 26, 2017 1:00pm Dec 26, 2017 1:00pm
Quoting TinyTim
{quote} Here you go, can be set in inputs True will show prices. {file}
Very Nice
  • #172
  • Edited 3:09pm Dec 26, 2017 2:42pm | Edited 3:09pm
Simply awesome!

Attached Image (click to enlarge)
Click to Enlarge Name: 2017-12-27_0536.png Size: 33 KB
  • #173
  • Dec 26, 2017 3:33pm Dec 26, 2017 3:33pm
I wager that this thread s going to be really hot here very soon. Seems so simple too. I set up my Pepperstone charts this evening ready for tomorrow. Linked to an account at MYFXBOOK too. Lets see what they bring. Thanks again Mike.
  • #174
  • Dec 27, 2017 2:48am Dec 27, 2017 2:48am
These are the reviews of customers who bought the Double Top/Bottom Indicator on MQL5.com (a version with alerting functionality)

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 41 KB


And today I will publish the FREE service which I announced some weeks ago:
- M30 and H1 Signals of 9 forex pairs will be send to a telegram group and a telegram channel
- You can do a voting for or against the signals. You can see how others voted -> Swarm Intelligence!

I will provide the link to the FREE service during the next hours!
  • #175
  • Dec 27, 2017 5:44am Dec 27, 2017 5:44am
Thanks Mike you are brilliant!
  • #176
  • Dec 27, 2017 9:12am Dec 27, 2017 9:12am
Hello Tim,

the Double-Fibo Indi is already comfortable, thanks for sharing.
My question; does the old representation disappear when it comes a new signal?
If not, the chart becomes confusing.
  • #177
  • Dec 27, 2017 9:30am Dec 27, 2017 9:30am
Quoting Robin68
Hello Tim, the Double-Fibo Indi is already comfortable, thanks for sharing. My question; does the old representation disappear when it comes a new signal? If not, the chart becomes confusing.
Yes it will go and new one will be created.
I think maybe it should be deleted after a certain length of time as it can be there for a long time.
  • #178
  • Dec 27, 2017 1:00pm Dec 27, 2017 1:00pm
Sorry for the delay. I have completely forgotten that my mom invited us for lunch today. So I wasn't at home during last hours.

Now the FREE service is released!

You find it in the new SIGNALS-section on the website.

1. Please register to get the invitation links to the telegram group and channel

2. After you receive the signals you should go to the voting page to vote for or against a signal (according to the guidelines which i have written in this thread and based on your personal judgement)

Please invite as much fellow traders as possible. The more people vote and discuss the signals the better it will be for the less experienced traders.

Enjoy
  • #179
  • Dec 28, 2017 2:03am Dec 28, 2017 2:03am
4R double top winner detected by the FREE Indi on USDJPY M30 and M15:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 29 KB


Real-time alerts from all instruments/timeframes can be received with the alerter-tool
  • #180
  • Dec 28, 2017 2:26am Dec 28, 2017 2:26am
Yes nice one
https://i.gyazo.com/9bd9c6f1895b41f8...e142b0ef0e.png
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