DislikedHI, Can you help me converting this cool indicator from MQL4 to MQL5?.. I found this on https://www.forexfactory.com/thread/...with-pip-count {file}Ignored
“The only true wisdom is in knowing you know nothing.”
Multi Pair Pivot Point Scanner Alerts mt4
- #386
- Nov 22, 2020 1:21pm Nov 22, 2020 1:21pm
- Joined Mar 2013 | Status: Trader | 2,466 Posts
any idea what's wrong?
- #389
- Nov 22, 2020 2:44pm Nov 22, 2020 2:44pm
- Joined Mar 2013 | Status: Trader | 2,466 Posts
yeah this is helpful if you have for MT5
Here you go
{quote} here's the ignore Saturday-Sunday data fix for timeframe D1 {file} {file} int shift=1; /* Returned value The zero-based day of week (0 means Sunday,1,2,3,4,5,6) of the specified date. */ if(timeFrame==PERIOD_D1) { datetime dayCheck1=iTime(symbolName,PERIOD_D1,shift); if(TimeDayOfWeek(dayCheck1) == 0)//found sunday - skip over { shift+=1; } datetime dayCheck2=iTime(symbolName,PERIOD_D1,shift); if(TimeDayOfWeek(dayCheck2) == 6)//found saturday - skip over { shift+=1; } }
Hi NickBixy,
Could you add the manual GMT shift feature to your pivot point indicator PivotPointsLines_v1.1?
The reason: several brokers have a different MT4 server time. This makes the pivot point values different for each broker.
Example:
- #394
- Edited 5:50pm Nov 28, 2020 5:18pm | Edited 5:50pm
I ported PivotPointsLines_v1.1 over to MT5,
let me know if any bugs as i didn't test it when market open 
let me know if any bugs as i didn't test it when market open
“The only true wisdom is in knowing you know nothing.”
- #398
- Dec 27, 2020 10:57pm Dec 27, 2020 10:57pm
The Relative Momentum Index was developed by Roger Altman and was introduced in his article in the February, 1993 issue of Technical Analysis of Stocks & Commodities magazine.
Altman’s describe his indicator in this way :
“the RSI is modified by counting up and down days starting from today’s close relative to the close Y days ago, where Y is not necessarily 1 as required by the RSI. The RSI is released from the arbitrary restriction of comparing consecutive days for price changes” changing the period to 20 days, but with Y set at 5 instead of 1 makes it “easier to anticipate tradable reversal points compared with the one-parameter RSI. This modification is called the relative momentum index (RMI), in which momentum is substituted for strength, because a momentum index is usually obtained by creating a moving average of the most recent closing price compared with the close Y days in the past.”
Altman’s describe his indicator in this way :
“the RSI is modified by counting up and down days starting from today’s close relative to the close Y days ago, where Y is not necessarily 1 as required by the RSI. The RSI is released from the arbitrary restriction of comparing consecutive days for price changes” changing the period to 20 days, but with Y set at 5 instead of 1 makes it “easier to anticipate tradable reversal points compared with the one-parameter RSI. This modification is called the relative momentum index (RMI), in which momentum is substituted for strength, because a momentum index is usually obtained by creating a moving average of the most recent closing price compared with the close Y days in the past.”
“The only true wisdom is in knowing you know nothing.”
