Over the years of my trading journey very few indicators stick out. It turns out small and more general helpers provide more usefulness than the typical "indicator soup". One of these helpers is my "SuperBars" indicator. It's a higher timeframe bar overlay and in this thread I'm going to document it.
Risk warning: As always with new indicators immediately after loading it onto your chart you will need this link.
There are already many similar indicators, however this one is different. It's fully customizable and supports overlay bars of multiple timeframes from a single hour to a full quarter. The information provided is so essential that the indicator is part of each and every chart template of mine. I cannot imagine a chart without it anymore. There are some very good and underrated systems here at FF which can be successfully traded only with such information (e.g. DIBS).
Integration is seemless and the user can switch SuperBar timeframes via hotkeys from low to high - and reverse, too. While it's not a typical session indicator (there are too many) it supports one very specific trading session, and that's the CME Futures and Derivates trading session in Chicago (formerly CBOT). I especially pay attention to this session (and almost ignore the others) because today Futures and CFDs are more common trading instruments (think e-Mini), and because option trading has a very significant impact on Forex majors.
Enough talk, some screenshots please. Hourly superbars (H1):
Daily superbars (D1):
Daily superbars with separate ETH session (D1+ETH = Extended Trading Hours):
Weekly superbars (W1):
Monthly superbars (MN1):
Quarterly superbars (Q1):
Finally a screenshot of the external configuration (there is a feature called "AutoConfiguration" which enables the full power of the indicator):
Customization is flexible to the maximum. Please read the documentation in the source file header (see below).
I'm going to split the different config topics into separate posts to follow. For a quick start the only important setting is a correct tradeserver timezone. It will default to "FXT" (Forex Standard Time, equal to America/New_York+0700). That's the only timezone without the infamous Sunday candles and in between preferred by the majority of brokers. My framework ensures correct handling of Daylight Saving Times.
- RTH/ETH configuration (Chicago trading session) post #3
- Timezone configuration: post #7
- Advanced configuration: post #10
- Hotkey configuration: post #4
Attached is a ZIP archive with the compiled version and all required libraries. All files in the archive (indicator, scripts, libraries) are needed for successful operation. When (not if) bugs are fixed I will update the full archive, so nobody needs to keep up with things on Github.
Attached is also the indicator source file but only for reference. The indicator is part of my MQL4 framework and most people don't know anymore how to compile MQL4 (the MQL5 compiler which comes with current MetaEditors will not do).
Full source code of the indicator is available at: https://github.com/rosasurfer/mt4-mql/mql4/indicators/SuperBars.mq4
Full source code of the MT4Expander DLL is available at: https://github.com/rosasurfer/mt4-expander
Enjoy
Risk warning: As always with new indicators immediately after loading it onto your chart you will need this link.
There are already many similar indicators, however this one is different. It's fully customizable and supports overlay bars of multiple timeframes from a single hour to a full quarter. The information provided is so essential that the indicator is part of each and every chart template of mine. I cannot imagine a chart without it anymore. There are some very good and underrated systems here at FF which can be successfully traded only with such information (e.g. DIBS).
Integration is seemless and the user can switch SuperBar timeframes via hotkeys from low to high - and reverse, too. While it's not a typical session indicator (there are too many) it supports one very specific trading session, and that's the CME Futures and Derivates trading session in Chicago (formerly CBOT). I especially pay attention to this session (and almost ignore the others) because today Futures and CFDs are more common trading instruments (think e-Mini), and because option trading has a very significant impact on Forex majors.
Enough talk, some screenshots please. Hourly superbars (H1):
Daily superbars (D1):
Daily superbars with separate ETH session (D1+ETH = Extended Trading Hours):
Weekly superbars (W1):
Monthly superbars (MN1):
Quarterly superbars (Q1):
Finally a screenshot of the external configuration (there is a feature called "AutoConfiguration" which enables the full power of the indicator):
Customization is flexible to the maximum. Please read the documentation in the source file header (see below).
I'm going to split the different config topics into separate posts to follow. For a quick start the only important setting is a correct tradeserver timezone. It will default to "FXT" (Forex Standard Time, equal to America/New_York+0700). That's the only timezone without the infamous Sunday candles and in between preferred by the majority of brokers. My framework ensures correct handling of Daylight Saving Times.
- RTH/ETH configuration (Chicago trading session) post #3
- Timezone configuration: post #7
- Advanced configuration: post #10
- Hotkey configuration: post #4
Attached is a ZIP archive with the compiled version and all required libraries. All files in the archive (indicator, scripts, libraries) are needed for successful operation. When (not if) bugs are fixed I will update the full archive, so nobody needs to keep up with things on Github.
Attached is also the indicator source file but only for reference. The indicator is part of my MQL4 framework and most people don't know anymore how to compile MQL4 (the MQL5 compiler which comes with current MetaEditors will not do).
Full source code of the indicator is available at: https://github.com/rosasurfer/mt4-mql/mql4/indicators/SuperBars.mq4
Full source code of the MT4Expander DLL is available at: https://github.com/rosasurfer/mt4-expander
Enjoy
It takes blood, sweat and enough tears to wash away the blood.
Did you build the framework to facilitate the creation of the custom indicators you have listed in the project? One of the things that for me, is perplexing in MQL4/5 is, (amongst other things!) is the lack of structured error handling. I noticed that you were using catch() handlers embedded in your return statements. I just wondered whether you could shed a bit more light on what you have implemented in your framework in regards to error handling? Sorry, this may not be the place to ask this question but until I saw your thread, I had no idea of the existence of such a framework! 
