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Software tools for LauraT's Roadmap

  • #61
  • Edited 4:41pm May 4, 2020 9:01am | Edited 4:41pm
Quoting MikeHanson
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.
Mike,

Please feel welcome to use anything of mine. I'd like to help a fellow developer in any way that I can. I don't mind posting fragments of code if that helps, although I won't post the entire .mq4 source publicly without LauraT's permission.

Try the above formula and see if you get the same result as !SM_ADR Marker. I agree 100% about maintaining parity. And I'd welcome some confirmation that I've got the calculation right.

All the best,
David

Quoting iksh
Thanks for taking the time to code Laura's roadmap idea........
My responses in magenta typeface.

1. I have downloaded the road map dashboard b600 and CompRSIselect V2. I have attached both the indicators to one chart.
There's no harm in attaching the CompRSIselect V2 indicator, but it's not necessary (and will make MT4 run a bit more slowly). As long as the CompRSIselect V2.ex4 file is present in your ...../MQ4/Indicators folder, that's good enough.

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).
The arrows will likely pop up from time to time. They tell you that price is getting near to one of the horizontal likes on LauraT's template. There are 5 lines:
ATR High: ATR_High
ATR Low: ATR_Low
Yesterday's high: Yest_high
Yesterday's low: Yest_low
Today's open: Day_open

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.
Yes, attach the LauraT Roadmap Dashboard indicator to one chart only. The default settings will give you the info on the 28 majors. However you may add or delete any symbols from the Symbols parameter setting.

2. The box on right top superimposed on the price action and cannot see the bars.
It is the background that is stopping the candles from getting mixed in with the dashboard information. You can remove the background by setting BackgroundWidth to -1. But then the dashboard is harder to read because the candles get in the way (see screenshot below). Instead, I suggest opening a new 'dummy' chart and attaching the dashboard to it. You don't use that chart for anything else other than reading the dashboard, hence the candles don't matter.

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 ?
The default setting for PositionSettings is 0,TR,30,120,50,14,20
The second value (I have underlined it in orange) can be any one of
TR=Top Right
TL=Top Left
BR=Bottom Right
BL=Bottom Left
There's more information about all this in post #1.
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  • #62
  • May 4, 2020 1:48pm May 4, 2020 1:48pm
Quoting hanover
And I'd welcome some confirmation that I've got the calculation right.
Thanks David,

Likewise I am always keen to collaborate with like minded developers.

I can confirm you got the calculation right, but not because I get the same values in cTrader, in fact quite the opposite. However for my own sanity I knocked up a quick MT4 indicator using the basic formula and the lines I drew were exactly on top of those drawn by ADR Marker.

Which suggests that the ATR indicator in cTrader uses a different formula to the iATR function in MQL. cTrader lines were off by some 30 pips, so looking into that now. I know there are differences between broker data, but this seems a bit much to me.

Mike
  • #63
  • May 4, 2020 10:46pm May 4, 2020 10:46pm
So did some investigation to see if there is a difference between the way MT and cTrader calculate ATR and found there is difference. I googled and read half a dozen articles on True Range and ATR calculations and they all agreed on the formulas and that the ATR should be calculated using an EMA.

Visually comparing True Range and ATR plots in both platforms on the same symbol and time frame and zoomed to be similar size I can see the traces are very different and values at any point in time are different.

Other than periods the MT ATR doesn't offer much I could change other than periods and line setting. cTrader lets me choose the type of MA use (defaulting to EMA) so I thought AHA!!! and selected SMA. Voila the plots were very similar and other than cTrader shoing 5 digit precision values were pretty close.

So it seems iATR is hard wired to use a SMA.
  • #64
  • May 5, 2020 8:34am May 5, 2020 8:34am
Hi Hanover,

Although only indirectly related to Laura's method and if it isnīt too much of a hassle to you may I ask you to recode the CompRSISelectv2 so that the inputs are in seconds instead of minutes. It is for scalping purposes.

Thanks in advance

Regards

Swnlobo
  • #65
  • May 5, 2020 11:39am May 5, 2020 11:39am
Quoting Swnlobo
Hi Hanover, Although only indirectly related to Laura's method and if it isnīt too much of a hassle to you may I ask you to recode the CompRSISelectv2 so that the inputs are in seconds instead of minutes. It is for scalping purposes. Thanks in advance Regards Swnlobo
Hello Hanover, my only wish would be getting CompositeRSI for MT5
In It To Win
  • #66
  • Edited 12:45pm May 5, 2020 12:20pm | Edited 12:45pm
Quoting MikeHanson
So did some investigation to see....
Interesting. Many thanks.

I thought I had the calculation correct, but last night (NZ time) I found two realtime examples that replicated !SM_ADR Marker exactly, and one that didn't. I'll continue to investigate.
_____________________________

Quoting Swnlobo
may I ask you to recode the CompRSISelectv2 so that the inputs are in seconds instead of minutes.
As I said in post #1, I'm not offering a general programming service. And anyway, I don't think it's possible because the smallest values that the iRSI() function can work with are M1 candles. Unless you mean to simply take whatever value you enter (in seconds), divide it by 60, and round it to the nearest minute, [which is an easy enough calculation to do manually using a calculator or Excel, i.e. =ROUND(seconds/60,0)]. But the RSI would still have to be calculated from the 1 minute candles, making it no more accurate for scalping.
_____________________________

Quoting Waih
my only wish would be getting CompositeRSI for MT5
As I said in post #1, I don't have any experience coding MQL5. You could run MT4 and MT5 alongside each other, and simply Alt-Tab between the two. Or if that's too clumsy, you could post your request on one of the "I code for free" threads or (if you're willing to pay) try upwork.
  • #67
  • May 5, 2020 10:23pm May 5, 2020 10:23pm
Quoting Waih
{quote} Hello Hanover, my only wish would be getting CompositeRSI for MT5
Converting the code from MQL4 (MT4) to MQL5 (MT5) is not a trivial matter. CompRSISelectv2 looks quite trivial code with only ~70 lines of code. The equivalent MQL5 version of it would easily tripple that if not more because you can no longer call a simple function to get a value. MQL5 is not a simple upgrade to MQL4 it is a major shift from a relatively simple functional paradigm to a hybrid functional/object based paradigm and whilst most people could learn MQL4 with a bit of effort, MQL5 is much more complicated.

MQL5 reminds me of my days programming Windows 2/3 applications. You call a function to get a handle on something, then you pass this handle to numerous other functions to do something. In those days it required 300 lines of code just to get a functioning window on the screen.

The additional complexity of MQL5 is probably why so few brokers provide support for MT5 so many indicators and EAs would have to be completely re-coded.

I am trying to make the conversion as a learning exercise, but whilst software development is my trade I could not class myself as anything more than proficient with MQL4 so moving to MQL5 is quite a shift and in an hour of looking at it last night I had many WTF moments. So don't hold your breath, I may or may not finish it.
  • #68
  • May 5, 2020 10:31pm May 5, 2020 10:31pm
Quoting MikeHanson
{quote} Converting the code from MQL4 (MT4) to MQL5 (MT5) is not a trivial matter... I had many WTF moments. So don't hold your breath, I may or may not finish it.
I have the same reaction while transitioning to MT5 platform... converting my MT4 tools to MT5 ; )─
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #69
  • May 6, 2020 1:36am May 6, 2020 1:36am
Quoting MikeHanson
{quote} ~~ I am trying to make the conversion as a learning exercise, but whilst software development is my trade I could not class myself as anything more than proficient with MQL4 so moving to MQL5 is quite a shift and in an hour of looking at it last night I had many WTF moments. So don't hold your breath, I may or may not finish it.
Will appreciate it if you do and understand if you don't.
Good Trading
  • #70
  • May 6, 2020 10:06pm May 6, 2020 10:06pm
Hi hanover,
Can the alert/email be sent only when the bar closed under the selected timeframe? eg. When the timeframe is selected as M5, the alert/email will be sent only after the M5 bar closed.
  • #71
  • May 6, 2020 11:35pm May 6, 2020 11:35pm
Quoting KevinZeng
Can the alert/email be sent only when the bar closed under the selected timeframe? eg. When the timeframe is selected as M5, the alert/email will be sent only after the M5 bar closed.
It should work the way you describe (i.e. the charts are checked for alerts on the first tick of the new candle) if you set
RefreshPeriod = +0 and MinutesBetweenAlerts = 0
  • #72
  • May 8, 2020 2:05pm May 8, 2020 2:05pm
Quoting coolsjc
My 200 SMA MT Dashboard not working and same on all pairs. Can anyone help to figure this out ?
It seems to be working correctly on my computer. You can see how the dots on the dashboard for AUDCAD match the bars on cja's MTF DashBoard v3. This works the same for all of the other pairs.

If you want me to help you, I need to see screenshots of:
1. cja's MTF DashBoard v3
2. My LauraT Roadmap Dashboard b600
3. Your parameter settings for LauraT Roadmap Dashboard b600
4. Your parameter settings for MTF DashBoard v3
showing an example where the dots and bars don't match.

[EDIT] I just noticed that in my final screenshot the symbol name 'AUDCAD' appears on my version of MTF DashBoard v3 but not yours. Hence I think your settings for MTF DashBoard v3 are probably different to mine.
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  • #73
  • May 9, 2020 4:54am May 9, 2020 4:54am
Quoting hanover
{quote} It seems to be working correctly on my computer. You can see how the dots on the dashboard for AUDCAD match the bars on cja's MTF DashBoard v3. This works the same for all of the other pairs. If you want me to help you, I need to see screenshots of: 1. cja's MTF DashBoard v3 2. My LauraT Roadmap Dashboard b600 3. Your parameter settings for LauraT Roadmap Dashboard b600 4. Your parameter settings for MTF DashBoard v3 showing an example where the dots and bars don't match. [EDIT] I just noticed that in my final screenshot the symbol name...
Dear Hanover, Thank you very much for your help. I removed all indicators and loaded original indicators again in to MT4. Now its working fine. Thank you.
Consistency & Patience
  • #74
  • May 9, 2020 7:11am May 9, 2020 7:11am
Gr8. Keep up the good work. Thank you.
Consistency & Patience
  • #75
  • May 14, 2020 6:08pm May 14, 2020 6:08pm
Dear Hanover，
Can the alerts be sent only when the channel break the SMA（SMA>EMA8 high or SMA<EMA8 low）？
  • #76
  • May 14, 2020 8:01pm May 14, 2020 8:01pm
Quoting KevinZeng
Dear Hanover， Can the alerts be sent only when the channel break the SMA（SMA>EMA8 high or SMA<EMA8 low）？
My comments refer to the diagrams below.

If I understand you correctly, you are asking for alerts to be generated at points D and H in Diagram #1.

However, the alerts operate as described below:

If you set ProximityThreshold to 0, then:
Alert is generated at point B, when EMA(8) crosses SMA(200)
Alerts continue to be generated every RefreshPeriod in area C (although you can override this by setting MinutesBetweenAlerts to a suitable value)
No alerts are generated from point D onward through area E
Alert is generated at point F (provided that MinutesBetweenAlerts has elapsed since last alert was generated)
Alerts continue to be generated every RefreshPeriod in area G (same rule about MinutesBetweenAlerts applies)
No alerts are generated from point H onward through area I

The reason it works this way is so that you are alerted as soon as the EMA(8) gets within ProximityThreshold channel widths of the SMA(200). You can still continue to monitor the chart to see if the EMA subsequently breaks the channel completely (at D and H).

If the EMA immediately fails to break the SMA (i.e. curves away from the channel, a channel 'failure' setup -- see Diagram #2), you get due warning at point K. If we delayed the alert until point M, then there would be no advance warning of the valid channel failure setup.

Put simply, it is better to be alerted too early than too late.

Even if you're not valid trading channel failure setups, other traders possibly are, and this way the indicator works for everybody.
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  • #77
  • May 15, 2020 5:00am May 15, 2020 5:00am
Hello Hanover.
First off, thank you so much for offering this valid tool for Laura's strategy, and also for keeping on improving it. If you don't mind I would like to suggest a feature I found extremely handy when using other dashboards: the possibility to open a chart simply by clicking on a pair. There is a symbol changer indicator around, but I find it very much slower than a right click on the market watch and choosing Chart window. It even make MT4 hang before a new chart is open. Maddash gives a good example of what I mean. I believe it would be very much appreciated if you could add such a feature. Thanks in advance.
  • #78
  • May 15, 2020 2:33pm May 15, 2020 2:33pm
Quoting Hammertop
There is a symbol changer indicator around, but I find it very much slower than a right click on the market watch and choosing Chart window. It even make MT4 hang before a new chart is open. Maddash gives a good example of what I mean.
I try to avoid what imho is unnecessary programming work. I simply have Market Watch open on the right hand edge of my MT4 window, and drag the desired symbol name onto the price chart.
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  • #79
  • May 15, 2020 4:21pm May 15, 2020 4:21pm
Quoting hanover
{quote}I try to avoid what imho is unnecessary programming work. I simply have Market Watch open on the right hand edge of my MT4 window, and drag the desired symbol name onto the price chart. {image}
I understand your point of view. Thanks anyway, and keep up the good work
  • #80
  • May 17, 2020 3:21am May 17, 2020 3:21am
hi there,

the indicator seems interesting. i'm a newbie, please educate me the process of installing and how to use it.

many thanks.
CK
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