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MADdash (Moving Average Distance)

  • #2,881
  • Edited 9:18am Aug 7, 2019 8:29am | Edited 9:18am
[quote=albry;12423333]
Quoting Shabs19
{quote} Hi Shabs, It would depend on what you want alerted... i.e. break of which high low? the prior bar, the current bar? Alert just once per HTF bar? once per chart bar? or how frequently? Al
I am interested to know when I open a chart, which chart from my watchlist has exceeded yesterdays high or low even by 1 pip by any candle of current day.
A pop-up alert will do.
Similarly, (load a second indicator for this), which chart has exceeded the previous weeks high or low again, even by 1 pip by any candle of current week.

Alert can be once only, each time the chart is selected, I usually do my analysis from 30m & H1 charts. It is not necessarily based on the current bars location, as the high / low could have been exceeded earlier in the day. My daily bar open is at 0:00 and weekly from the same time monday each new week. Ignore Sunday if possible.

Thanks.
It never gets easier, you just get better
  • #2,882
  • Aug 7, 2019 9:22am Aug 7, 2019 9:22am
Quoting Shabs19
Quoting albry
{quote} I am interested to know when I open a chart, which chart from my watchlist has exceeded yesterdays high or low even by 1 pip. A pop-up alert will do. Similarly, (load a second indicator for this), which chart has exceeded the previous weeks high or low again, even by 1 pip Alert can be once only, each time the chart is selected, I usually do my analysis from 30m & H1 charts. It is not necessarily based on the current bars location, as the high / low could have been exceeded earlier in the day. My daily bar open is at
...
Hi Shabs19,

Seems you are looking for a market scanner whereas what I was considering a single chart/symbol based function.
So what you are asking for is something totally different and to do that would likely take quite a bit of time to work out all the various issues...

Thanks,
Al
  • #2,883
  • Edited 3:44pm Aug 7, 2019 1:16pm | Edited 3:44pm
Quoting albry
{quote}{quote} Hi Shabs19, Seems you are looking for a market scanner whereas what I was considering a single chart/symbol based function. So what you are asking for is something totally different and to do that would likely take quite a bit of time to work out all the various issues... Thanks, Al
Scanner would be nice, but a manual check of each chart that has signalled would also be sufficient as I do not trade all pairs.
I would have open the charts that I am monitoring, with 2 instances of the same indicator with alert set for a break of high/low.
Remember the signal may happen at any time during the day, as it is referencing previous days/week's high & low.

Picture explains a thousand words:
Attached Image (click to enlarge)
Click to Enlarge Name: Break of Previous Highs Lows.png Size: 208 KB
It never gets easier, you just get better
  • #2,884
  • Aug 8, 2019 2:41am Aug 8, 2019 2:41am
Quoting Shabs19
{quote} Scanner would be nice, but a manual check of each chart that has signalled would also be sufficient as I do not trade all pairs. I would have open the charts that I am monitoring, with 2 instances of the same indicator with alert set for a break of high/low. Remember the signal may happen at any time during the day, as it is referencing previous days/week's high & low. Picture explains a thousand words: {image}

Hi Shabs19,

Can you please explain me about the breaking of H/L in the forex market or point me to where i can get hold of it....although I have searched but did not get quite hold of it.

Best Regards,
Himanshu
  • #2,885
  • Aug 8, 2019 4:30am Aug 8, 2019 4:30am
Quoting him.bhardwaj
{quote} Hi Shabs19, Can you please explain me about the breaking of H/L in the forex market or point me to where i can get hold of it....although I have searched but did not get quite hold of it. Best Regards, Himanshu
There is a load of stuff out there, it's knowledge that has been gained by studying many different resources eg. support & resistance, supply & demand, divergence, fake breakouts, Pin Bars, Opening ranges, currency strengths, Lateral thinking etc....etc.
Generally, put in the hours to study Price Action.
It never gets easier, you just get better
  • #2,886
  • Aug 8, 2019 5:15am Aug 8, 2019 5:15am
Quoting cashgod
great start to the week trading has never been this easy my sincere gratitude to honestknav and 919gilead fr such awesome tools good people still do exist Peace!{image}{image}{image}
Hello cashgod, please can you share the indicator in the screenshot below; Thank you

Attached Image
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #2,887
  • Aug 8, 2019 7:45am Aug 8, 2019 7:45am
Quoting lordgbengs
{quote} Hello cashgod, please can you share the indicator in the screenshot below; Thank you {image}
It is here, CS-Dash by Honestknave :

https://www.forexfactory.com/showthr...3#post11824753
It never gets easier, you just get better
  • #2,888
  • Aug 8, 2019 7:52am Aug 8, 2019 7:52am
Quoting Shabs19
{quote} It is here, CS-Dash by Honestknave : https://www.forexfactory.com/showthr...3#post11824753
Thanks alot Shabs19
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #2,889
  • Aug 8, 2019 7:41pm Aug 8, 2019 7:41pm
Quoting lordgbengs
{quote} Thanks alot Shabs19
Yes that's it you can tinker with the settings but I find that the wkly works best for intraday
  • #2,890
  • Edited 1:40pm Aug 9, 2019 11:48am | Edited 1:40pm
Quoting Shabs19
{quote} Scanner would be nice, but a manual check of each chart that has signalled would also be sufficient as I do not trade all pairs. I would have open the charts that I am monitoring, with 2 instances of the same indicator with alert set for a break of high/low. Remember the signal may happen at any time during the day, as it is referencing previous days/week's high & low. Picture explains a thousand words: {image}
Hi Shabs19 (and others interested),

I agree that having charts open for each symbol of interest and then use of separate HtfHiLo indicators for each higher timeframe H/L's to observe on each of these charts would work with this type of H/L indicator, and that no market scanner would be needed.

However please note that this HtfHiLo indicator is not going back through time to look for when say the most recent H/L had triggered, but will only be looking at new bars to alert/alarm when the HTF H/L has been crossed.

So I presume that getting the alarm, showing up in the alarms window when these bar H/L crosses happen would be sufficient, and then by visually inspecting the charts/alerts you would be able to see that the price is above/below the HTF H/L of interest...

However it would seem that some form of visualization on the chart (such as an arrow) would also be nice, to show where/when the event happened?

Also in looking at your picture there are 2 different types of H/L crosses shown, ones that had the chart's bar Close across the H/L, and others that had the bars High/Low cross the HTF's H/L but its bar Close did not finish across it. Which of these are you looking for?

Thanks,
Al
  • #2,891
  • Aug 10, 2019 6:54am Aug 10, 2019 6:54am
Quote: albry

I agree that having charts open for each symbol of interest and then use of separate HtfHiLo indicators for each higher timeframe H/L's to observe on each of these charts would work with this type of H/L indicator, and that no market scanner would be needed. Yes.

However please note that this HtfHiLo indicator is not going back through time to look for when say the most recent H/L had triggered, but will only be looking at new bars to alert/alarm when the HTF H/L has been crossed. Correct

So I presume that getting the alarm, showing up in the alarms window when these bar H/L crosses happen would be sufficient, and then by visually inspecting the charts/alerts you would be able to see that the price is above/below the HTF H/L of interest... Correct

However it would seem that some form of visualization on the chart (such as an arrow) would also be nice, to show where/when the event happened? Agree

Also in looking at your picture there are 2 different types of H/L crosses shown, ones that had the chart's bar Close across the H/L, and others that had the bars High/Low cross the HTF's H/L but its bar Close did not finish across it. Which of these are you looking for? Both are Valid.
It never gets easier, you just get better
  • #2,892
  • Aug 10, 2019 11:19am Aug 10, 2019 11:19am
Quoting Shabs19
Quote: albry I agree that having charts open for each symbol of interest and then use of separate HtfHiLo indicators for each higher timeframe H/L's to observe on each of these charts would work with this type of H/L indicator, and that no market scanner would be needed. Yes. However please note that this HtfHiLo indicator is not going back through time to look for when say the most recent H/L had triggered, but will only be looking at new bars to alert/alarm when the HTF H/L has been crossed. Correct So I presume that getting the alarm, showing...
OK great, these edits to your post are much more useful input, as well as easy to read, thank you.
So I will look into this further, with the assumption that your views are reasonably representative of others requirements for H/L alarms.

Al
  • #2,893
  • Edited 12:07pm Aug 10, 2019 11:40am | Edited 12:07pm
Quoting albry
{quote} OK great, these edits to your post are much more useful input, as well as easy to read, thank you. So I will look into this further, with the assumption that your views are reasonably representative of others requirements for H/L alarms. Al
The indicator needs only to show the previous days high/low lines, not the past or the current days action, but extended from previous day open into todays session at the right edge.

The same goes for the weekly high /low lines only the previous week but extended from the start of the previous week & into the current session as shown
in my graphic.

Arrow is an option, but I think the time of alert will also pinpoint the candle. Alert should be as: Currency pair name : Break of High/Low :Timestamp of alert

Any break, however slight to give a single pop up alert on each instance of the indicator.

The lines should remain active for the full session in the case of daily and for the full week in the case of weekly. As price often crosses back over after the initial break into the previous daily / previous weekly range and break out again.

Thanks for taking a look at this.
It never gets easier, you just get better
  • #2,894
  • Aug 10, 2019 1:25pm Aug 10, 2019 1:25pm
Quoting Shabs19
{quote} The lines should remain active for the full session in the case of daily and for the full week in the case of weekly. As price often crosses back over after the initial break into the previous daily / previous weekly range and break out again.
OK. This last requirement will likely cause issues, so I will look at dampening the alerts to only a single alert in each direction per chart bar (however multiple per HTF bar).

Al
  • #2,895
  • Aug 12, 2019 4:35pm Aug 12, 2019 4:35pm
Quoting cashgod
{quote} Yes that's it you can tinker with the settings but I find that the wkly works best for intraday
Many thanks cashgod.
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #2,896
  • Aug 15, 2019 7:20pm Aug 15, 2019 7:20pm
any idea why it seems to be stuck with these big numbers?
Attached Image
  • #2,897
  • Aug 15, 2019 11:54pm Aug 15, 2019 11:54pm
Quoting Liem
any idea why it seems to be stuck with these big numbers? {image}
Check this out

https://www.forexfactory.com/showthr...74#post8396674

http://www.forexfactory.com/showthre...10#post8382910

http://www.forexfactory.com/showthre...79#post8385379
Don't Buy after a Rally, Don't Sell after a Drop
  • #2,898
  • Aug 16, 2019 11:14pm Aug 16, 2019 11:14pm
thanks seems to have fixed some but others are still stuck, i'm thinking it might be a broker issue because it works fine with another mt4 broker.
  • #2,899
  • Aug 17, 2019 10:37am Aug 17, 2019 10:37am
Quoting Shabs19
{quote} Scanner would be nice, but a manual check of each chart that has signalled would also be sufficient as I do not trade all pairs. I would have open the charts that I am monitoring, with 2 instances of the same indicator with alert set for a break of high/low. Remember the signal may happen at any time during the day, as it is referencing previous days/week's high & low. Picture explains a thousand words: {image}
Pls can you share the strength indicator on the right.
  • #2,900
  • Aug 17, 2019 5:08pm Aug 17, 2019 5:08pm
Quoting dexterous
{quote} Pls can you share the strength indicator on the right.
I have used the 1000 pip mini indicator and modified it to the colours & sizes I prefer.

Attached File(s)
File Type: mq4 1000pips Mini.mq4   17 KB | 835 downloads
It never gets easier, you just get better
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