I have added a new version to first post which also calculates extra lines using Highs and Lows.
Akif,
Akif,
2
- #67
- Edited Sep 29, 2020 11:21am Jan 7, 2020 3:15pm | Edited Sep 29, 2020 11:21am
- | Commercial User | Joined Jan 2020 | 216 Posts
MIDAS Sniper Indicator 
(info)
MIDAS Sniper
... is a semi-automatic indicator with highly qualified and accurate Buy/Sell Signals.
Features
(info)
MIDAS Sniper
... is a semi-automatic indicator with highly qualified and accurate Buy/Sell Signals.
Features
- Easy Drag and Drop
- Recommended Buy/Sell Signals
- Individual Time Frame Memory
- Alert System
How to Use
- Identify an impulse or breakout in any market.
- Anchor MIDAS Sniper to the origin of the accelerated move by dragging and dropping the vertical line.
- Activate the Buy/Sell Alert System by clicking the circled button in the top right corner. White = OFF / Blue = ON.
- Wait for a Buy/Sell Signal to be generated.
- Enter the market with a Stop Loss above/below the Signal.
Parameters
- Select Unique ID: 1-10
- Show Buy/Sell Signals: Yes/No
- Select Signal Color: Yellow
- Show Displacement Curves: Yes/No
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- #68
- Edited Apr 8, 2022 7:26am Jan 12, 2020 10:33am | Edited Apr 8, 2022 7:26am
- | Commercial User | Joined Jan 2020 | 216 Posts
Top Bottom Finder indicator
(info)
Top Bottom Finder
A Most Unusual Indicator
Paul Levine developed the TB-F in order to characterize an accelerated price move while it is in progress. He recognized that a price trend that is sufficiently rapid—accelerated—is a powerful, almost explosive event. Such events do not meander on endlessly; they have uniquely recognizable beginnings, middles, and ends. Each accelerated trend has a specific amount of cumulative trading volume that it consumes during its run, and once that is expended, the move is over. The purpose of the TB-F, when applied to anaccelerated trend that is in progress, is to identify, from the behavior that the trend has already displayed, what the total cumulative volume of the trend will have been once it ends. Having such information is, of course, very valuable to the trader, because then the trader can identify the end of the trend when it arrives, without having to wait for subsequent price action to reveal that the end has already passed. To learn more about the T-B Finder download the "MIDAS Technical Analysis: A VWAP Approach to Trading and Investing in Todays Markets" - by Andrew Coles and David Hawkins.
When and How to Use The T-B Finder
(info)
Top Bottom Finder
A Most Unusual Indicator
Paul Levine developed the TB-F in order to characterize an accelerated price move while it is in progress. He recognized that a price trend that is sufficiently rapid—accelerated—is a powerful, almost explosive event. Such events do not meander on endlessly; they have uniquely recognizable beginnings, middles, and ends. Each accelerated trend has a specific amount of cumulative trading volume that it consumes during its run, and once that is expended, the move is over. The purpose of the TB-F, when applied to anaccelerated trend that is in progress, is to identify, from the behavior that the trend has already displayed, what the total cumulative volume of the trend will have been once it ends. Having such information is, of course, very valuable to the trader, because then the trader can identify the end of the trend when it arrives, without having to wait for subsequent price action to reveal that the end has already passed. To learn more about the T-B Finder download the "MIDAS Technical Analysis: A VWAP Approach to Trading and Investing in Todays Markets" - by Andrew Coles and David Hawkins.
When and How to Use The T-B Finder
- Identify an accelerated price move.
- Launch a T-B Finder curve fitted to point D which is the first pullback of the accelerated price move.
- Identify where the curve ends; the burnout point (100% of the cumulative volume or "fuel" used up), and
- Imply that where it ends will result in some form of price response, often a correction back to MIDAS.
Parameters
- Volume Step: 5
- T-B F Percent Color: Red
- T-B F Font Size: 16
- T-B F Percent Distance: 12
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- #70
- Jan 14, 2020 10:10am Jan 14, 2020 10:10am
- Joined Apr 2013 | Status: Trader | 1,586 Posts
I think the way it is to be used is like this...
The example pictured is a little late but if I had placed it sooner when it had just turned back down a few candles you can trade back to the level where the line is
The example pictured is a little late but if I had placed it sooner when it had just turned back down a few candles you can trade back to the level where the line is
Good afternoon, how are you. Please can you to explain what is the function of the button that selects values from 0 to ...., and which on your chart indicates 250 thank you Best Regards Julio Bento
cfudge is correct, you use the panel to fit the t-b finder to point D.
Important notes
- For point D to qulify a minimum of 20% cumulative volume or "fuel" have to be spent at point D.
- Price can not break the t-b finder after the fitting point.
- Only works with accelerated trends.
Read the t-b finder chapter in the book linked for more info
Good Luck,
MIDAS Sniper Indicator
{quote} Hi Julio, cfudge is correct, you use the panel to fit the t-b finder to point D. Important notes For point D to qulify a minimum of 20% cumulative volume or "fuel" have to be spent at point D. Price can not break the t-b finder after the fitting point. Only works with accelerated trends. Read the t-b finder chapter in the book linked for more info
Top Bottom Finder indicator
MIDAS Sniper Indicator
https://www.mql5.com/en/market/product/50063