Software tools for LauraT's Roadmap | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

My roadmap to tradingFX 20 replies

Roadmap - A Way To Read Markets 6,076 replies

RSI TrendStrength History for RoadMap 33 replies

Forex Brokerage Roadmap 4 replies

All the most widely used tools = the strongest tools 5 replies

Attachments: Software tools for LauraT's Roadmap
Exit Attachments

Software tools for LauraT's Roadmap

  • #41
  • Apr 29, 2020 12:47am Apr 29, 2020 12:47am
Great indicator.

I am trying to replicate it for cTrader and would like to clarify how you apply the proximity threshold. Effectively when checking whether the EMA8 channel is in proximity we create a virtual channel around the SMA200 using a value relative to the width of the EMA8 channel. If the nearside of the EMA8 channel is beyond the far side of the SMA200 channel do we consider that in proximity?

Hope that makes sense, if not I can paste some code that might help.
  • #42
  • Apr 29, 2020 1:19am Apr 29, 2020 1:19am
Quoting hanover
{quote} It uses the "Wingdings 3" font. Do you have it installed? If not, you could download it from here (video on how to install fonts for Windows 10 here). ___________________________ Progress update: 1. I've added an option to print the RSI composite values even if the EMA(8) channel is outside the proximity of the SMA(200). 2. I've fixed a small bug with the ADR high/low calculations. It's been a process of trial and error to get it...
I hope it's the same.
Attached File(s)
File Type: mq4 !SM_ADR Marker.mq4   12 KB | 501 downloads
Anything above the line is an uptrend, below the line is a downtrend.
  • #43
  • Apr 29, 2020 1:24am Apr 29, 2020 1:24am
That isn't a code file, looks like someone has renamed the executable to give it the .mq4 extension, but that doesn't result in something MT can compile. If you change the extension to .ex4 and drop the file in your MT Indicators folder it should work.
  • #44
  • Edited 3:14am Apr 29, 2020 1:26am | Edited 3:14am
Quoting Toppi
I found this but can't read
Thanks! I found it too, and also a decompiled mq4.

But I'm about 95% sure I've figured it out -- by experimenting with different ways of calculating ATRs, ADRs, highs, lows, session open times, and comparing my calculated results with those generated by the ADR Marker........

I'll test it over the next few hours. Hopefully some pairs will exceed their ADR, allowing me to determine whether I've got it right in scenarios after the lines get 'locked in'.

Quoting Degolep
I hope it's the same.
Thanks. Looks like it's the same file that Toppi posted.

Quoting MikeHanson
That isn't a code file, looks like someone has renamed the executable to give it the .mq4 extension, but that doesn't result in something MT can compile. If you change the extension to .ex4 and drop the file in your MT Indicators folder it should work.
Thanks Mike. I reached the same conclusion when I saw it. Laura has already posted the ex4 here.
  • #45
  • Apr 29, 2020 1:42am Apr 29, 2020 1:42am
Quoting hanover
{quote} Thanks Mike. I reached the same conclusion when I saw it. Laura has already posted the ex4 here.
I did the same to create an equivalent indicator for cTrader. Similarly I am fairly certain it produces the same results.
  • #46
  • Edited 2:06am Apr 29, 2020 1:55am | Edited 2:06am
Quoting MikeHanson
Effectively when checking whether the EMA8 channel is in proximity we create a virtual channel around the SMA200 using a value relative to the width of the EMA8 channel. If the nearside of the EMA8 channel is beyond the far side of the SMA200 channel do we consider that in proximity? Hope that makes sense, if not I can paste some code that might help.
Mike,

Proximity is deemed to occur when any part of the EMA(8) overlaps with any part of the virtual channel, which is created by
SMA(200,close) + ProximityThreshold * (EMA(8,high) – EMA(8,low))
SMA(200,close) – ProximityThreshold * (EMA(8,high) – EMA(8,low))

Not sure if you've seen the diagram I attached to post #14.

Anyway, here's another:
The thick black line is the SMA(200), and the two thinner black lines represent the virtual channel.
The EMA(8) is the green channel (with the price bars removed for clarity).
Proximity is deemed to occur within the zones colored red.
Hope that makes sense.
Attached Image (click to enlarge)
Click to Enlarge Name: PPI 1074.png Size: 28 KB


Good luck with your coding.
David

[EDIT] I don't think anybody will mind if I post a code fragment:
Inserted Code
        bool plot = true;                                                      // assume proximity exists
        double price   = iClose(ccy,tfr,0);                                    // current price
        double ema8_hi = iMA(ccy,tfr,8,0,MODE_EMA,PRICE_HIGH,0);               // upper bound of EMA(8)
        double ema8_lo = iMA(ccy,tfr,8,0,MODE_EMA,PRICE_LOW,0);                // lower bound of EMA(8)
        double sma200  = iMA(ccy,tfr,200,0,MODE_SMA,PRICE_CLOSE,0);            // SMA(200)
        double sma200h = sma200 + ProximityThreshold * (ema8_hi - ema8_lo);    // upper bound of virtual channel
        double sma200l = sma200 - ProximityThreshold * (ema8_hi - ema8_lo);    // lower bound of virtual channel
        if (ema8_lo > sma200h)  plot = false;                                  // proximity failed: EMA(8) channel is completely above virtual channel
        if (ema8_hi < sma200l)  plot = false;                                  // proximity failed: EMA(8) channel is completely below virtual channel
  • #47
  • Apr 29, 2020 3:05am Apr 29, 2020 3:05am
Thanks David, that clears it up perfectly, I did miss that diagram previously, should have RTFMd a bit more :-)
  • #48
  • May 1, 2020 7:39pm May 1, 2020 7:39pm
Hanover, thanks for putting all this time and effort into this indi. I think it is going to be extremely useful with the alerts you have now added.

From one Kiwi to another... THANK YOU.
  • #49
  • May 2, 2020 6:15am May 2, 2020 6:15am
hanover, thanks for the update, especially adding of different alert system.

That will help in taken advantage of different aspects of system itself
  • #50
  • May 3, 2020 7:20am May 3, 2020 7:20am
I haven't used your indicator yet as I'm still going through Lauras thread. But I wanted to say thank you for your time and effort mate. You are doing a great job. More green pips to you.
  • #51
  • Edited 1:01pm May 3, 2020 8:27am | Edited 1:01pm
Thanks folks for your kind comments.

I've added a couple of new features to the dashboard. Features added since the last release are highlighted in yellow in post #1. You can download the latest version of the indicator there, also. Enjoy.

[EDIT] I think the dashboard is almost finished. It highlights and (optionally) alerts when the EMA(8) channel approaches any of the SMA(200), the upper/lower ADR lines, yesterday's high and low, and today's open.

@LauraT: please let me know if there are any other levels or patterns that you'd like highlighted/alerts for.

Otherwise it's time to move on to my next project.
  • #52
  • May 3, 2020 8:45am May 3, 2020 8:45am
Quoting hanover
Thanks folks for your kind comments. I've added a couple of new features to the dashboard. Features added since the last release are highlighted in yellow in post #1. You can download the latest version of the indicator there, also. Enjoy. [EDIT] I think the dashboard is almost finished. It highlights and (optionally) alerts whwn the EMA(8) channel approaches any of the SMA(200), the upper/lower ADR lines, yesterday's high and low, and today's open. @LauraT: please let me know if there are any other levels or patterns that you'd...
Dear Hanover,

Many many thanks for the great piece of software you have put at our disposal.
It has pretty much every conceivable option for trading Laura T's "Roadmap" system.
I especially like the push notifications, works flawlessly (-:

Cheers,
LuXing
Wisdom begins in wonder
  • #53
  • May 3, 2020 1:23pm May 3, 2020 1:23pm
Quoting LuXing
I especially like the push notifications, works flawlessly
Good to know. I haven't been able to test the email and push notification alerts. But I've tested the popup (on screen/audible) alerts, and the indicator handles all 3 alert types together and in exactly the same manner.

Many thanks for the feedback. I'm delighted that traders are finding the indicator useful.
  • #54
  • May 3, 2020 3:40pm May 3, 2020 3:40pm
Hanover,

Thank you very much for your hard work in developing the dashboard.

I hope I'm not to late with the ISM_ADR_Marker indicator. I could not find the .mq4 version of that file, however, I've attached a .mq4 version of a similar indicator. The calculation of the ADR high & low should be identical. Hope this helps.
Attached File(s)
File Type: mq4 DWMRanges.mq4   13 KB | 487 downloads
  • #55
  • Edited 5:28pm May 3, 2020 5:03pm | Edited 5:28pm
Quoting Pip Bull
The calculation of the ADR high & low should be identical.
Many thanks.

After a lengthy process of trial and error, I'm pretty sure that the !SM_ADR Marker calculation works as follows:

1. Calculate ATR = a 14 day ATR (of daily candles) counting back from the previous day

2. ADR_high = Today's low (so far) + ATR
ADR_low = Today's high (so far) – ATR

3. Then, whichever occurs first during the day:

(i) Immediately if/when price reaches or exceeds ADR_high:
Lock ADR_high to its existing level (for the rest of the day)
Lock ADR_Low = ADR_high – ATR (for the rest of the day)

OR

(ii) Immediately if/when price reaches or falls below ADR_low:
Lock ADR_low to its existing level (for the rest of the day)
Lock ADR_high = ADR_low + ATR (for the rest of the day)

4. Then:
If/while price >= ADR_high, the dashboard highlights (and alerts) with a bearish down arrowhead
If/while price <= ADR_low, the dashboard highlights (and alerts) with a bullish up arrowhead

5. The ADR_high and ADR_low reset themselves at MT4 midnight, in readiness for the new day.
  • #56
  • May 3, 2020 6:13pm May 3, 2020 6:13pm
Quoting Pip Bull
Hanover, Thank you very much for your hard work in developing the dashboard. I hope I'm not to late with the ISM_ADR_Marker indicator. I could not find the .mq4 version of that file, however, I've attached a .mq4 version of a similar indicator. The calculation of the ADR high & low should be identical. Hope this helps. {file}
Hello Pip Bull, just happened to click on this thread for the first time and saw your post. Here is one in case you need it. Hope it helps.
Attached File(s)
File Type: ex4 !SM_ADR_Marker.ex4   12 KB | 304 downloads
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #57
  • May 4, 2020 3:59am May 4, 2020 3:59am
Someone please educate me what this arrow means.
__
Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 15 KB
L.L.L.T
  • #58
  • Edited 10:56am May 4, 2020 5:04am | Edited 10:56am
Quoting KayStreet
Someone please educate me what this arrow means.
The sideways arrow means that the current price is less than ProximityThreshold widths of the EMA(8) channel away from today's open price (one of the lines in LauraT's Roadmap template). It's printed using FontColor (same color as the symbol/timeframe headings).

The twin arrows symbol next to XAUUSD in your screenshot means that current price is less than ProximityThreshold widths of the EMA(8) channel away from yesterday's high (if printed using BearishColor) or yesterday's low (if printed using BullishColor).

If I understand correctly, these lines sometimes act as support or resistance, depending on which side price approaches them from.

You can disable all of these facilities by setting AlertDays to 0.
  • #59
  • May 4, 2020 7:18am May 4, 2020 7:18am
Dear Hanover,

Thanks for taking the time to code Laura's roadmap idea.
I am not tech savvy and so sometimes not sure of how to install them and certainly dont understand the technical aspects of this . So really, a big thank you for coding this and providing it free of cost.

I have few questions.This is just to make sure I have doing things correctly.

1. I have downloaded the road map dashboard b600 and CompRSIselect V2. I have attached both the indicators to one chart. I get the table as posted above. I dont get any arrows but I get the numbers and colored dots which help me decide the trend on each timeframe. ( bullish and bearish relative to 200 MA).

Just to confirm, I only have to attach the indicators to one chart , isnt it. Attaching it to any one chart will give me the info on all 28 majors.

2. The box on right top superimposed on the price action and cannot see the bars. So i have changed the box to bottom left. how did u manage to get the bars and price action on the left of the box in your initial post ?

Again , thank you for your time and waiting on your replies. If not , Hanover, anyone else can also answer.
  • #60
  • May 4, 2020 8:25am May 4, 2020 8:25am
Quoting hanover
{quote} Many thanks. After a lengthy process of trial and error, I'm pretty sure that the !SM_ADR Marker calculation works as follows:
Interesting, I came to almost the same conclusion except where you used ATR I used ADR for the cTrader tools. If you have no objection I will change mine to match yours, and add the Day Open proximity indication. I think it would be good to maintain parity between the two tools.
0 traders viewing now