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PlanetX Indicator - can this indi be used for trading?

  • #201
  • Mar 6, 2022 12:20pm Mar 6, 2022 12:20pm
From this point on, if @ohitsyou does not change anything, PlanetAwesome-Oscilator-MTF-v3.0.ex4 works with all versions from OIY-PlanetX-Hist-v3.0 up !!!

You just need to input the version in the field OIY_PlanetX_Hist_Version v3.0, or v4.0, or v5.0, etc.

Please update your OIY-PlanetX-Hist-v4.0 and 5.0 you will find in the first post of the thread!
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #202
  • Mar 6, 2022 2:09pm Mar 6, 2022 2:09pm
Quoting BestTraderEv
Another way to refresh any indicator in the way that @Brambilla does it manually, is to code a seperate indicator which will do these things: 1. On every new candle remove the indicator from chart, 2. Emulate keyboard action and apply the indicator to chart. This requires to assign a keyboard shortcut to the indicator.
For something similar I used:

- ChartIndicatorGet(...)
- ChartIndicatorDelete(...)
- ChartIndicatorAdd(...)

It is also possible:

- ChartSaveTemplate(...)
- ChartIndicatorDelete(...)
- ChartApplyTemplate(...)
  • #203
  • Edited 2:45pm Mar 6, 2022 2:25pm | Edited 2:45pm
Quoting SwingMan
{quote} For something similar I used: - ChartIndicatorGet(...) - ChartIndicatorDelete(...) - ChartIndicatorAdd(...) It is also possible: - ChartSaveTemplate(...) - ChartIndicatorDelete(...) - ChartApplyTemplate(...)
Well, that works in MQL4, but you need to know the indicator short name. And that is not necessarily obvious.

Ok, so this works when we don't set the indicator short name explicitly.

Nope, there is no ChartIndicatorAdd() in MQL4, so we can only add it by the emulation of keyboard shortcut.

The template solution does not solve the rpoblem of reseting other EA and indi variables.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #204
  • Edited 5:03pm Mar 6, 2022 4:48pm | Edited 5:03pm
I have two things:

1. Update:
Attached File(s)
File Type: ex4 PlanetAwesome-Oscilator-MTF-v3.0.ex4   22 KB | 264 downloads

2. New indicator Indicator-Delete-Add.ex4 :
Attached File(s)
File Type: ex4 Indicator-Delete-Add.ex4   9 KB | 234 downloads

This indicator deletes the specified indicator from the chart and puts it back on the chart, thus refreshing it.
It has 4 input fields:
1. In the first field we must type exactly the name of the indicator we want to refresh.
2. In the second field we must type exactly whatever else is contained in the short name of the indicator which we want to remove. This is a small problem, because we need to know the short name.
3. In the third field we input the indicator short name, if we know it, or leave it blank.
4. In the fourth field we must input the window, or subwindow in which our indicator resides.

Potential problems:
The function for adding indicator to chart has no issues, because it works with the actual indicator name.
The function for deleting indicator requires that we know its short name. If we know the short name, we type it in the third field. Otherwise we leave this field blank.

By default this indicator works for PlanetAwesome-Oscilator-MTF-v3.0 and other future versions.
In order for this indicator to work with OIY-PlanetX-Hist indicators, @ohitsyou must provide help.

"Allow DLL imports" must be turned on.

Notes:
The add function is realised by:

int MessageNumber = RegisterWindowMessageA("MetaTrader4_Internal_Message");
PostMessageA(hWnd, MessageNumber, 15, IndicatorName);

I could not find the MessageNumber for deleting an indicator from chart.
Somehow I can not imagine that there isn't such a number...
If anyone knows, please provide the info.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #205
  • Mar 6, 2022 5:16pm Mar 6, 2022 5:16pm
Quoting BestTraderEv
I have two things: 1. Update: {file} 2. New indicator Indicator-Delete-Add.ex4 : {file} This indicator deletes the specified indicator from the chart and puts it back on the chart, thus refreshing it. It has 4 input fields: 1. In the first field we must type exactly the name of the indicator we want to refresh. 2. In the second field we must type exactly whatever else is contained in the short name of the indicator which we want to remove. This is a small problem, because we need to know the short name. 3. In the third field we input the indicator...
Thank you @BestTraderEv. Though I think it is very cool if the indicators here work with Renko, at this early stage it really doesn't make sense to implement "hacks" to get it to work on Renko. I suspect that less than 1% of traders use Renko charts. That's not a knock against Renko and I've used them in the past, but they are dog slow and very CPU intensive. Also, because they are created offline then on the same chart you can't switch back and forth between timeframes or symbols because that offline data doesn't exist. To the extent our indicators work -- that's great. And if you wish to pursue Renko that's fine by me. But I don't want to be limited to modifications I wish to make because I'm afraid it might break Renko. Hope you understand...
  • #206
  • Mar 6, 2022 5:27pm Mar 6, 2022 5:27pm
Quoting ohitsyou
{quote} Thank you @BestTraderEv. Though I think it is very cool if the indicators here work with Renko, at this early stage it really doesn't make sense to implement "hacks" to get it to work on Renko. I suspect that less than 1% of traders use Renko charts. That's not a knock against Renko and I've used them in the past, but they are dog slow and very CPU intensive. Also, because they are created offline then on the same chart you can't switch back and forth between timeframes or symbols because that offline data doesn't exist. To the extent our...
I work with very fast Renko. If I use Renko, it is only in the context that one Renko brick must be about 3 x spread, so I look for very small spreads, preferably 0 spreads.
I am not thinking of using the Indicator-Delete-Add.ex4 on such Renko charts, because that might really mess things up when volatility strikes!
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #207
  • Mar 6, 2022 5:36pm Mar 6, 2022 5:36pm
Quoting BestTraderEv
{quote} I work with very fast Renko. If I use Renko, it is only in the context that one Renko brick must be about 3 x spread, so I look for very small spreads, preferably 0 spreads. I am not thinking of using the Indicator-Delete-Add.ex4 on such Renko charts, because that might really mess things up when volatility strikes!
Okay. But what about the "refreshing" problem? Renko data is created offline and is tailored for a specific pair and timeframe. How can autofresh possibly work if its implementation relies on switching back-and-forth between timeframes (or pairs)?

By the way, I've used the same Renko generator as you in the past -- I like his software. But try running two or three Renko charts on a VPS -- even a relatively expensive one. No way. You have to run multiple MT4 sessions, each with a single Renko chart. And I often trade 28 pairs.

I like the idea of Renko charts -- it's compelling -- but I've moved on...
  • #208
  • Mar 6, 2022 6:22pm Mar 6, 2022 6:22pm
Quoting BestTraderEv
I have two things: 1. Update: {file} 2. New indicator Indicator-Delete-Add.ex4 : {file} This indicator deletes the specified indicator from the chart and puts it back on the chart, thus refreshing it. It has 4 input fields: 1. In the first field we must type exactly the name of the indicator we want to refresh. 2. In the second field we must type exactly whatever else is contained in the short name of the indicator which we want to remove. This is a small problem, because we need to know the short name. 3. In the third field we input the indicator...
Here is another version -- OIY-PlanetX-Hist-v6.0. I'm 95% sure it fixes the red / white circle issue. You know what the problem was? Comparing a delta value (i.e. subtraction value) to '0'. Instead I now compare to 'epsilon', where epsilon is a very small number (e.g. 0.000001).

Attached File(s)
File Type: ex4 OIY-PlanetX-Hist-v6.0.ex4   26 KB | 327 downloads


Also, I'm going to clean up post #1. There will be a *.zip file will all previous versions. But the most accessible versions will be the latest one (e.g. v6) plus the original one.

@BestTraderEv -- with your permission -- I would also like to create a section in post #1 with the latest version of your software. The thread really got interesting and took off when you entered the scene and I want to make it easier for people to find your work.
  • #209
  • Mar 6, 2022 6:39pm Mar 6, 2022 6:39pm
One of my favorite indicators is Schaff Trend Cycle. Below is my modification of the indicator:

Here is Schaff Trend alone:
Attached Image (click to enlarge)
Click to Enlarge Name: SchaffTrend.png Size: 37 KB

And here it is overlayed on PlanetX:
Attached Image (click to enlarge)
Click to Enlarge Name: SchaffTrend-Plus-PlanetX.png Size: 53 KB

The combination of Schaff Trend plus Planet X is very powerful -- especially on H1 (or higher). I know there will be guys who will insist on using it on lower LTFs and then complain. These are the horses you can lead to water but can't make them drink.

The chart is beginning to look like a Christmas, but I don't think it is too complicated visually. The indicators that are part of PlanetX (i.e. Awesome, Momentum) plus the standalone SchaffTrend provide additional clues that should aid in your discretionary trading...

Attached File(s)
File Type: ex4 OIY-SchaffTrend-Hist.ex4   60 KB | 308 downloads
  • #210
  • Mar 6, 2022 6:58pm Mar 6, 2022 6:58pm
Even though it is not apparent when staring at the main price chart, has any one noticed how price moves as a pendulum? There are a number of different indicators that reveal this repeating pattern. However, it seems like very few traders take advantage of this observation because it's not obvious when staring at bars in the main price chart.

Attached Image (click to enlarge)
Click to Enlarge Name: pendulum.png Size: 162 KB
  • #211
  • Edited 8:00pm Mar 6, 2022 7:37pm | Edited 8:00pm
Quoting ohitsyou
Even though it is not apparent when staring at the main price chart, has any one noticed how price moves as a pendulum? There are a number of different indicators that reveal this repeating pattern. However, it seems like very few traders take advantage of this observation because it's not obvious when staring at bars in the main price chart. {image}
Core body temperature as a function of time -- hmmmm.....

Attached Image (click to enlarge)
Click to Enlarge Name: core-body-temperature-as-a-function-of-time.png Size: 197 KB


All systems hover around some midline / equilibrium / fair market value, drifting above and below some equilibrium value. Perhaps a currency exchange rate also drifts above / below some fair market value -- what do you think? And, if so, then that means foreign exchange is a "system" like all other systems. And all systems have some kind of inherent feedback control that prevent them from imploding to zero or exploding to infinity. The feedback mechanisms that keep currency exchange rates hovering around some fair market value must be extremely complex and probably no one knows all of the possible feedback mechanisms. Plus, no doubt, there will be some manipulation included. There is no need to worry about it because there is nothing we can do. However, being aware that price typically moves like a pendulum (hint, hint -- Schaff Trend Cycle) is another clue you can add to your discretionary trading toolbox...

How many of you have been trading for many years but never wondered why the Stochastics indicator moves like a pendulum? Just not curious?
  • #212
  • Mar 6, 2022 11:11pm Mar 6, 2022 11:11pm
I have updated post #1 to include the latest versions of my and @BestTraderEv's software...
  • #213
  • Mar 7, 2022 12:56am Mar 7, 2022 12:56am
Quoting Brambilla
{quote} It's probably a matter of RenkoChart Creator . Here is the one that I use and it doesn't give me that problem. {image} {file}
Brambilla

Do you and some of the other traders also experience that this Renko EA zaps a lot of your pc memory making it slow?
I am very keen to try this system on Renko, running on Demo this week.

Thank you ohitsyou for all this, very interesting, keen follower.

Regards
  • #214
  • Mar 7, 2022 2:59am Mar 7, 2022 2:59am
Quoting ohitsyou
{quote} Okay. But what about the "refreshing" problem? Renko data is created offline and is tailored for a specific pair and timeframe. How can autofresh possibly work if its implementation relies on switching back-and-forth between timeframes (or pairs)? By the way, I've used the same Renko generator as you in the past -- I like his software. But try running two or three Renko charts on a VPS -- even a relatively expensive one. No way. You have to run multiple MT4 sessions, each with a single Renko chart. And I often trade 28 pairs. I like the...
No, I already pointed out that using Autorefresh by changing Tf's doesn't work on Renko. I have found an AutoDelete-Add indicator solution, but there is a small problem. I can not find a solution for automatic closing of the indicator settings window. I mean, the solution works from script, but not from indicator. The solution I posted above still requires the trader to click on the OK button, or hit Enter.

Thanks for the new version!
Will be testing!

PS. You did the same thing again!
Not holding the standardisation.
Version 6.0 is missing the inputs tab.
Hmm, I thought all the versions starting from 3.0 would have the input tab...
Still, my PlanetAwesome seems to work with the new versions, fine.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #215
  • Mar 7, 2022 3:08am Mar 7, 2022 3:08am
Quoting ohitsyou
{quote}@BestTraderEv -- with your permission -- I would also like to create a section in post #1 with the latest version of your software. The thread really got interesting and took off when you entered the scene and I want to make it easier for people to find your work.
Yes, of course!
Thank You!
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #216
  • Mar 7, 2022 3:14am Mar 7, 2022 3:14am
Quoting ohitsyou
{quote} Core body temperature as a function of time -- hmmmm..... {image} All systems hover around some midline / equilibrium / fair market value, drifting above and below some equilibrium value. Perhaps a currency exchange rate also drifts above / below some fair market value -- what do you think? And, if so, then that means foreign exchange is a "system" like all other systems. And all systems have some kind of inherent feedback control that prevent them from imploding to zero or exploding to infinity. The feedback mechanisms that keep currency...
Yes, the markets work like oscillators. The problem is that there are lots of different scale oscillators on the charts, as there are lots of different interests. The trader need to find their own market to trade on. By market, I mean a price range.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #217
  • Mar 7, 2022 3:45am Mar 7, 2022 3:45am
Quoting BestTraderEv
{quote} No, I already pointed out that using Autorefresh by changing Tf's doesn't work on Renko. I have found an AutoDelete-Add indicator solution, but there is a small problem. I can not find a solution for automatic closing of the indicator settings window. I mean, the solution works from script, but not from indicator. The solution I posted above still requires the trader to click on the OK button, or hit Enter. Thanks for the new version! Will be testing! PS. You did the same thing again! Not holding the standardisation. Version 6.0 is missing...
Hello @BestTraderEv...

Regarding Renko -- I missed the point about AutoDelete the first time around. I understand how that could work for an indicator but an EA would lose all its bookkeeping, unless everything was saved in MT4 GlobalVariables or a file (which, by the way, I have resorted to in past projects). But it seems like such an extreme solution.

Regarding standardization -- I thought you were concerned about buffer Ids. I never intended to expose inputs because I've been down that path before when sharing public indicators and EAs. My goal was to use default settings that were good enough across most all pairs and time frames. I have a private build where settings are exposed and I must have contaminated the OIY build. My preference is for my software to have no settings or, in rare cases, a setting that toggles a UI feature. I just checked and my latest OIY releases do not expose any settings but the buffer IDs remain the same. I apologize for making more work for you. In the future if I expose a setting I will let you know whether that was intentional or not.
  • #218
  • Mar 7, 2022 3:58am Mar 7, 2022 3:58am
Quoting BestTraderEv
{quote} Yes, the markets work like oscillators. The problem is that there are lots of different scale oscillators on the charts, as there are lots of different interests. The trader need to find their own market to trade on. By market, I mean a price range.
Right -- but the oscillations I'm referring to are more subtle than the "macro" oscillations revealed by ATR, CCI, MACD, RSI and so on. There are "micro" oscillations -- repeating local highs and lows -- that are revealed by indicators like stochastics, Schaff and a few others. When swing trading where trades are only a few bars then being aware of these "micro" oscillations provides an additional edge, I believe. Also, the price we see is really only the tip of the iceberg, it really doesn't change that much. When you look at the Y-axis of your price chart that's only a fraction of a percent. From 30000 feet price changes may look chaotic, but when you take into account local highs/lows and normalize price to these local highs/lows (like stochastics does) then the "micro" oscillations reveal themselves. And these micro oscillations lend themselves well to swing trading. I'll leave it at that...
  • #219
  • Mar 7, 2022 6:19am Mar 7, 2022 6:19am
@Bestradev and ohitsyou i am indeed greatful for your system, i dont want to talk much i tthink the combination of these look promising. you guys can take a look at it
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYH1.png Size: 55 KB
  • #220
  • Mar 7, 2022 6:29am Mar 7, 2022 6:29am
the other two indicators added to are attached below the cadjpy i took 30
Attached File(s)
File Type: ex4 Hill no repaint+Arrows1.ex4   14 KB | 308 downloads
Attached File(s)
File Type: ex4 Hill no repaint+Arrows1.ex4   14 KB | 308 downloads
minutes ago already in profits
Attached File(s)
File Type: ex4 M-Candles.ex4   12 KB | 249 downloads
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