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Pip Infinite Trend

  • #1
  • First Post: May 12, 2020 4:07am May 12, 2020 4:07am
First version "smPipInfinite_v1"

This is an attempt to make an indicator which should give signals similar to a commercial one.
If you have the original, please post a few current charts.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.rH1.png Size: 36 KB
Attached File(s)
File Type: ex4 smPipInfinite_v1.ex4   13 KB | 969 downloads
  • #2
  • Edited 4:39am May 12, 2020 4:19am | Edited 4:39am
Quoting SwingMan
First version "smPipInfinite_v1" This is an attempt to make an indicator which should give signals similar to a commercial one. If you have the original, please post a few current charts. {image} {file}
here
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Pip Infinite.png Size: 98 KB
Click to Enlarge Name: Pip Infinite_1.png Size: 93 KB
Click to Enlarge Name: Pip Infinite_2.png Size: 95 KB
  • #3
  • May 12, 2020 4:28am May 12, 2020 4:28am
Quoting Atilla-Son
...here
Thank you @Attila,
your chart is very helpful because I can see that my indicator version is not bad at all!

I still have to program the switch points correctly, or find a similar solution, and then I can sell the indicator on the web.
You get it for free because you were the first here after 10 minutes with a chart!

How satisfied are you with the results?
  • #4
  • May 12, 2020 4:42am May 12, 2020 4:42am
The indicator is exactly the half trend indicator with periode 5
you can download it here
https://www.mql5.com/en/forum/172972/page44
The biggest drawdown is ahead of you
  • #5
  • Edited 5:31am May 12, 2020 4:45am | Edited 5:31am
Quoting SwingMan
...and then I can sell the indicator on the web...
Lol. Good luck :-)

The indicator is free and open-source here: HalfTrend (thank you @amando77). I fixed a few minor issues in the original reversal logic but that only affects 1 of 10 reversals. There is also an option to show the channel for the reversal logic in the chart. That feature is missing in the original indicator.
Attached Image (click to enlarge)
Click to Enlarge Name: HalfTrend.png Size: 103 KB


As for results: The signals are very good in a trending market. In a ranging market you will lose your shirt. See the high-lighted reversals. Can it be traded profitable? Definitely.

ps: The color effect is made by overlaying two indicators with the same settings, one with a thicker line width than the other.
It takes blood, sweat and enough tears to wash away the blood.
  • #6
  • May 12, 2020 4:48am May 12, 2020 4:48am
Quoting SwingMan
{quote} Thank you @Attila, your chart is very helpful because I can see that my indicator version is not bad at all! I still have to program the switch points correctly, or find a similar solution, and then I can sell the indicator on the web. You get it for free because you were the first here after 10 minutes with a chart! How satisfied are you with the results?
Hi SwingMan,

Thank you for your kind offer. I bought the indicator but I don't have any statistics because I don't know how to test it. I did not use too much in my trade.
I appreciate your work and follow it closely.
  • #7
  • May 12, 2020 5:23am May 12, 2020 5:23am
Quoting emmzett
...I fixed a few minor issues in the original reversal logic but that only affects 1 of 10 reversals...
The logic of the indicator is thus that a long trend line should only ever consist of rising values (rising support line), and a short trend line only ever of falling values (falling resistance line). That principle is broken in the original indicator. On a reversal it can happen that e.g. a long trend line falls a bit before switching to short. It's that issue I fixed and removed in my implementation.
It takes blood, sweat and enough tears to wash away the blood.
  • #8
  • May 12, 2020 5:55am May 12, 2020 5:55am
Quoting emmzett
...The logic of the indicator is thus that a long trend line should only ever consist of rising values (rising support line), and a short trend line only ever of falling values (falling resistance line). That principle is broken in the original indicator. On a reversal it can happen that e.g. a long trend line falls a bit before switching to short. It's that issue I fixed and removed in my implementation.
Thank you very much @emmzett,
the open-source code you posted still has the old syntax ...

It seems that the PipInfinite original actually comes from the HalfTrend family, but is not exactly the same, and the authors have programmed a variant.

I will try to understand the HalfTrend code and make some adjustments for PipInfinite and I believe that my indicator also shows that the reversals are not yet working properly!
I think I have a solution for ranging markets and just wanted to use an interesting trending indicator ...
  • #9
  • Edited 6:31am May 12, 2020 5:59am | Edited 6:31am
Quoting SwingMan
{quote} Thank you very much @emmzett, the open-source code you posted still has the old syntax...
Some time ago I indeed used the HalfTrend as a signal for real trades.

For users not comfortable with the old syntax there are precompiled versions in the Release section. One also needs the libraries and the DLL in the "libraries" folder. Everything in the framework including the DLL is open-source. Attached the binary version.
Attached File(s)
File Type: zip HalfTrend.zip   1.0 MB | 707 downloads


ps: Never ever touch the input parameter __lpSuperContext in any of my indicators. It's used for interprogram-communication (MQL programs can talk to each other). Modifying it manually will crash your terminal.
It takes blood, sweat and enough tears to wash away the blood.
  • #10
  • May 12, 2020 6:42am May 12, 2020 6:42am
Quoting emmzett
{quote} Some time ago I indeed used the HalfTrend as a signal for real trades. For users not comfortable with the old syntax there are precompiled versions in the Release section. One also needs the libraries and the DLL in the "libraries" folder. Everything in the framework including the DLL is open-source. Attached the binary version. {file} ps: Never ever touch the input parameter __lpSuperContext in any of my indicators. It's used for interprogram-communication (MQL programs can talk...
Just out of interest:
1. Does it repaint?
2. What are the differences between yours and Mladen's well-known and widely used: half-trend nrp?
  • #11
  • Edited 7:03am May 12, 2020 6:52am | Edited 7:03am
Quoting josi
{quote} Just out of interest: 1. Does it repaint? 2. What are the differences between yours and Mladen's well-known and widely used: half-trend nrp?
1. Does it repaint?
No

2. What are the differences between yours and Mladen's well-known and widely used: half-trend nrp?
I don't know his code and whether he fixed the issue described in post #7. Otherwise my changes are only visual (added channel, lines vs. dots, a chart legend with trend duration etc). Of course my indicator supports full signaling independant of Metaquotes as all my indies do (email, text message) but that's another topic.

The logic is quite simple. There are two conditions for a reversal:

  1. (1) First the outer channel needs to cross the S/R line. So upper band has to cross support or lower band has to cross resistance.
  2. (2) Second the current bar needs to close lower (for short) or higher (for long) than the extrem of the previous bar.

In other words: We not only want price to change trend (as signaled by the MA bands), we also want price to continue in the direction of that assumed new trend by a significant amount (exceeding and closing above/below the previous bar). Otherwise the SR line is just the minimum/maximum of price during N periods and the inner channel. A classical SR line.

See the image for the two conditions.

Attached Image (click to enlarge)
Click to Enlarge Name: HalfTrend-dissected.png Size: 47 KB
It takes blood, sweat and enough tears to wash away the blood.
  • #12
  • Edited 8:05am May 12, 2020 7:20am | Edited 8:05am
Quoting josi
{quote} Just out of interest: 1. Does it repaint? 2. What are the differences between yours and Mladen's well-known and widely used: half-trend nrp?
Checked Mladen's version. The issue is not fixed. It paints the reversals wrong as in the original code. The green-blue line is Mladen's version, the dots are my fixed version. The effect of the issue is that traders have the impression of a signal at a better price than it in reality was.

However I would not over-estimate this issue. The indicator is based on past prices. As with any indicator based on past prices only it cannot predict the future. Blindly following such signals will not make you happy. You can't enter at each signal and such a system needs to be combined with sound entry rules, ie. waiting for retracements and/or position scaling.

Attached Image (click to enlarge)
Click to Enlarge Name: HalfTrend-issue.png Size: 27 KB
It takes blood, sweat and enough tears to wash away the blood.
  • #13
  • May 12, 2020 8:00am May 12, 2020 8:00am
Quoting emmzett
{quote} Checked Mladen's version. The issue is not fixed. It paints the reversals wrong as in the original code. The green-blue line is Mladen's version, the dots are my fixed version. The effect of the issue is that traders have the impression of a signal at a better price than it in reality was. However I would not over-estimate this issue. The indicator is based on past prices. As with any indicator based on past prices only it cannot predict the future. Blindly following such signals will not make you happy. You can't enter at each signal and...
Thank you for your excellent and straightforward explanation.
  • #14
  • May 12, 2020 8:28am May 12, 2020 8:28am
Quoting SwingMan
First version "smPipInfinite_v1" This is an attempt to make an indicator which should give signals similar to a commercial one. If you have the original, please post a few current charts. {image} {file}
For some reason it is not designed to enter any "PipInfinite"-period - it is either period 5 (standard) or nothing.
As it is an .ex-file it can't be altered.
  • #15
  • May 12, 2020 10:55am May 12, 2020 10:55am
Good work with this Indicator Bro.
I will use it on renko for scalping.
  • #16
  • May 12, 2020 11:00am May 12, 2020 11:00am
Quoting Atilla-Son
{quote} here {image} {image} {image}
It's "step kaufman with filter" indicator written by mrtools.

i should make some indis by mrtools indis and sell them. it will be good business : )
Attachment g
Attached File(s)
File Type: ex4 Step Kaufman with filter (mtf + alerts + arrows)(1).ex4   68 KB | 668 downloads
  • #17
  • May 12, 2020 11:45am May 12, 2020 11:45am
Quoting paroucia
{quote} It's "step kaufman with filter" indicator written by mrtools. i should make some indis by mrtools indis and sell them. it will be good business : ) {image} {file}
Why did you post the Step Kaufmann - this "PipInfinite" is practically identical with Half Trend period 5.
And don't you dare selling MrTools' wonderful work!
  • #18
  • May 12, 2020 11:51am May 12, 2020 11:51am
Quoting josi
{quote} Why did you post the Step Kaufmann - this "PipInfinite" is practically identical with half-trend period 5. And don't you dare selling MrTools wonderful work!
if you look at the picture i attached you can see it's so close to pipifinite!
  • #19
  • Last Post: Jun 22, 2020 2:04pm Jun 22, 2020 2:04pm
to the author, what happen to this project.
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