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modify Mouteki/ Demark _trend _new indicator?

  • #1
  • First Post: Oct 3, 2006 4:17pm Oct 3, 2006 4:17pm
hi guys

i am using the Mouteki indicator but it draws sometimes the trend lines wrong so i have tried the Demark_trend_new indicator and this seems to draw the lines correct. but i cant modify a few things in the Demark_trend_new indicator. i would like to be able to configure the color and the width of the trendlines such as it is able in the mouteki indicator.and the alert option(which i really like) is also not available in the demark version.

i have tried myself to change the indicator code but i have not really much programming skill and it didnt work

so i wanted to ask some of the good programmers here if somebody can change the code in the Demark_trend_new indicator.

i would be very very thankful for it
Attached File(s)
File Type: mq4 Demark_trend_new.mq4   14 KB | 1,922 downloads
File Type: mq4 Mouteki.mq4   20 KB | 1,849 downloads
  • #2
  • Oct 4, 2006 5:33am Oct 4, 2006 5:33am
Quoting ART_1_
hi guys

i am using the Mouteki indicator but it draws sometimes the trend lines wrong so i have tried the Demark_trend_new indicator and this seems to draw the lines correct. but i cant modify a few things in the Demark_trend_new indicator. i would like to be able to configure the color and the width of the trendlines such as it is able in the mouteki indicator.and the alert option(which i really like) is also not available in the demark version.

i have tried myself to change the indicator code but i have not really much programming skill and it didnt work

so i wanted to ask some of the good programmers here if somebody can change the code in the Demark_trend_new indicator.

i would be very very thankful for it
Hi there

I've played around with it and changed some things for you.
I've introduced a new variable "CustomFeatures". It's set to "true" by default. If this variable is true, you can change the colors and line widths using the indicator's setup. If you turn CustomFeatures to "false", things go back to the original situation. There's a couple of reasons I did this:

1. It was the quickest way to deal with the problem;
2. Those colors were there for a reason

Line width is set using a simple number method, the bigger the number, the thicker the line. This variable affects trend lines only; channel lines and takelines remain their original thickness (pretty thin). I assumed you're not really concerned with those. But if I'm wrong, let me know.

Finally, I've turned off all those colorful, pretty arrows (they're actually red and blue circles but they're "arrows" in MT4 terms). I understand you're after trendlines only and not wanting to see every single fractal. They can be turned back on by setting "ShowArrows" to "true". They're "false" by default. If you want to change the default, open the indicator using metaeditor, and change the line "extern ShowArrows=false;" to "extern ShowArrows=true;".

Please let me know exactly when you want alerts to happen. Do you also want an email alert? As soon as you tell me more details on that, I'll try to make some alerts for you.

I hope this helps. Let me know what you think.

Lighty
Attached File(s)
File Type: mq4 Demark_trend_new_LightyMod1.mq4   15 KB | 2,076 downloads
"The market will rally from this or lower levels"
  • #3
  • Oct 4, 2006 5:35am Oct 4, 2006 5:35am
One more thing..... it's "extern bool ShowArrows" NOT "extern ShowArrows" of course....


Oh, and thanks for the hair roughie but if you're a bloke, I'm not really interested LOL
"The market will rally from this or lower levels"
  • #4
  • Oct 4, 2006 5:59pm Oct 4, 2006 5:59pm
hi LightKeeper

many many thanks to you for the modification. it is very nice of you

what would the people like me do without all the help which we get from this forum and persons like you. THANKS

but i still would have a small request to you would it be possible to add the alert to the modified version as well as it is in the mouteki indicator, if it is not to much work for you. then the indicator would be perfect :-)

thanks again so much
  • #5
  • Oct 4, 2006 6:11pm Oct 4, 2006 6:11pm
Quoting ART_1_
hi LightKeeper

many many thanks to you for the modification. it is very nice of you

what would the people like me do without all the help which we get from this forum and persons like you. THANKS

but i still would have a small request to you would it be possible to add the alert to the modified version as well as it is in the mouteki indicator, if it is not to much work for you. then the indicator would be perfect :-)

thanks again so much
Loud and Clear......ART_1,, what a great forum..... so helpful and so nice to each other......lol
  • #6
  • Oct 4, 2006 6:38pm Oct 4, 2006 6:38pm
Quoting ART_1_
hi LightKeeper

many many thanks to you for the modification. it is very nice of you

what would the people like me do without all the help which we get from this forum and persons like you. THANKS

but i still would have a small request to you would it be possible to add the alert to the modified version as well as it is in the mouteki indicator, if it is not to much work for you. then the indicator would be perfect :-)

thanks again so much
Hi

My pleasure.

I did ask you about how you wanted the alert to work.

Anyway, what I'll try to do is make an alert when the price crosses a trendline. There will also be an option not to have an alert unless a candle has closed under the trendline (as per the rules of the mouteki method).
And an email alert (optional).

Let me know if you have any other suggestions.

Lighty
"The market will rally from this or lower levels"
  • #7
  • Oct 4, 2006 6:58pm Oct 4, 2006 6:58pm
Quoting LightKeeper
Hi

My pleasure.

I did ask you about how you wanted the alert to work.

Anyway, what I'll try to do is make an alert when the price crosses a trendline. There will also be an option not to have an alert unless a candle has closed under the trendline (as per the rules of the mouteki method).
And an email alert (optional).

Let me know if you have any other suggestions.

Lighty

if you can make the alert with this two options(the price cross and the open below/above trendline) that would be really really good and more than enough for me

thanks again, real nice
  • #8
  • Oct 4, 2006 11:24pm Oct 4, 2006 11:24pm
Quoting ART_1_
if you can make the alert with this two options(the price cross and the open below/above trendline) that would be really really good and more than enough for me

thanks again, real nice
Art,

I'll make it on close rather than on open. There are reasons for it. Basically, the portion of the script where this command would go is based on the close and I'd have to make pretty substantial structural changes to the script.

But as you know, it's (almost always) the same thing. Whether you get an alert when a candle closes above/below the trendline or when the next candle opens pretty much boils down to the same thing. Except for situations where there's a gap between the two candles and that gap is large enough for the next candle to open below the trendline while the previous one closed above it or vice versa. This CAN happen I guess (on daily, weekly and monthy charts) but it's very rare. And of course, you only have to wait a few seconds to see where the next open is

Note that the Mouteki method (as I see it) tells us to enter on close anyway.
"The market will rally from this or lower levels"
  • #9
  • Oct 5, 2006 7:34am Oct 5, 2006 7:34am
Ok.

I've done minimum changes to the script. The script already had a function that detects breakouts. It was based on High and Low breaking the trendline so I changed that. There were a few other issues I had to muck around with but I think it works now. Tested on 1m and 5m and it seems ok.

It DOES give alerts when a candle closes above/below a trendline. As I said before, it shouldn't matter as the opening price of the next candle in 4H should be very close to the closing price of the previous one anyway.

See what you think. And please let me know of any problems.

Oh, it also has email alert. Both email alert and normal alert can be turned off or on in the setup screen.

Lighty
Attached File(s)
File Type: mq4 Demark_trend_alert_and_mail.mq4   16 KB | 1,901 downloads
"The market will rally from this or lower levels"
  • #10
  • Oct 5, 2006 9:39am Oct 5, 2006 9:39am
hi LightKeeper,

thanks so much for your efforts. the indicator seems to be perfect. it draws the lines correct and the alarm is also working as it should be.

big big big thx thx thx

  • #11
  • Oct 5, 2006 10:57am Oct 5, 2006 10:57am
excellent, could you change it also for TD3 llines
FOR MOUTEKI INDICATOR
THX
Quoting LightKeeper
Ok.

I've done minimum changes to the script. The script already had a function that detects breakouts. It was based on High and Low breaking the trendline so I changed that. There were a few other issues I had to muck around with but I think it works now. Tested on 1m and 5m and it seems ok.

It DOES give alerts when a candle closes above/below a trendline. As I said before, it shouldn't matter as the opening price of the next candle in 4H should be very close to the closing price of the previous one anyway.

See what you think. And please let me know of any problems.

Oh, it also has email alert. Both email alert and normal alert can be turned off or on in the setup screen.

Lighty
BJ
  • #12
  • Oct 5, 2006 11:05am Oct 5, 2006 11:05am
Quoting brainjt
excellent, could you change it also for TD3 llines
FOR MOUTEKI INDICATOR
THX
TD3 lines? Sorry, confused.....
"The market will rally from this or lower levels"
  • #13
  • Oct 5, 2006 11:14am Oct 5, 2006 11:14am
Quoting ART_1_
hi LightKeeper

many many thanks to you for the modification. it is very nice of you

what would the people like me do without all the help which we get from this forum and persons like you. THANKS

but i still would have a small request to you would it be possible to add the alert to the modified version as well as it is in the mouteki indicator, if it is not to much work for you. then the indicator would be perfect :-)

thanks again so much

This could not be said enough, many thanks from the silent majority!
  • #14
  • Edited 11:37am Oct 5, 2006 11:24am | Edited 11:37am
FOR LEVEL DP3 also with calculations like in DP2 like is in Original Mouteki,
so connect lover or higher bar with 3 higher or lower

thx
Quoting LightKeeper
TD3 lines? Sorry, confused.....
BJ
  • #15
  • Oct 5, 2006 11:50am Oct 5, 2006 11:50am
Quoting brainjt
FOR LEVEL DP3 also with calculations like in DP2 like is in Original Mouteki,
so connect lover or higher bar with 3 higher or lower

thx
Ok. I'll look into it
"The market will rally from this or lower levels"
  • #16
  • Oct 5, 2006 12:05pm Oct 5, 2006 12:05pm
i noticed now 2minutes ago that the alert appeared one candle to late. on the gbp/usd (gmt+3) the candle closed 4 hours ago below the trendline but now 4 hours later on the next candle the alert popped up.

is it just on my side the bug? on eur/chf the same
Attached Image
  • #17
  • Oct 5, 2006 1:23pm Oct 5, 2006 1:23pm
i just tried new indicator. the old mouteki indicator is using a 4h candle that is just forming as a qualifying 2nd lower candle, whereas this new indicator is using candles that are already formed. rite now it is the usd/jpy 4h chart. which one is correct? check it out
  • #18
  • Oct 5, 2006 1:32pm Oct 5, 2006 1:32pm
hier are to charts the same with TD point 2 lines and your Mouteki indicators, there is different, on next post is chart with TD point 3 lines diiferenet is clear
Attached Images
BJ
  • #19
  • Oct 5, 2006 1:37pm Oct 5, 2006 1:37pm
chart USDJPN Mooteki system but TD point 3,
except TDp 2
Attached Image
BJ
  • #20
  • Oct 5, 2006 2:14pm Oct 5, 2006 2:14pm
better charts with td point 3 connections
Attached Image
BJ
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