BK's Indicators | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Create MT5 indicators from MT4 indicators 4 replies

TOP 100 best indicators: post good indicators here 647 replies

Custom Indicators vs. Technical Indicators 6 replies

Lagging Indicators -vs- Leading Indicators 48 replies

Indicators, where more info 3 replies

Attachments: BK's Indicators
Exit Attachments

BK's Indicators

  • #1
  • First Post: May 4, 2007 3:44am May 4, 2007 3:44am
HI!

I have been writing some MT4 indicators; some may prove helpful for your TA.

My first Indicator to share is a simple MACD. The differences this has over other MACD are:
1. You can plot a higher time frame MACD onto a lower timeframe chart. Example, you have H4 Charts, but wants to impose D1 MACD.

2. This one is color coded. Blue = Bull, Red = Bear. The color changes when the previous MACD bar is higher/lower than the current one. On Daily Charts, you can see the daily trend.

Try this on H4 GBPUSD chart, and select D1 period; you'd see the MACD Color agrees with the Trendline.
http://img218.imageshack.us/img218/2783/macdyb9.gif
(This is a H4 Chart, but the MACD is from D1)

I once read a trading setup called "Triple Screen". View the Daily for the trend, then view the H4 for a confirmation, then use M30 for entry.
Attached File(s)
File Type: mq4 Burger MACD.mq4   4 KB | 1,161 downloads
  • #2
  • May 4, 2007 5:57am May 4, 2007 5:57am
Thank you for the Burger MACD...great performing indicator for my 4H charts

Good luck today
  • #3
  • May 4, 2007 6:19am May 4, 2007 6:19am
Thanks for the indicator BK. Something I did notice and I'm not sure if it's just me but when I have your indicator on and I draw a Fib retracement the Fib disappears if I change TF's back and forth.

Lux

PS: I just took a look at your code and I believe the problem is your use of 'ObjectsDeleteAll(0)'.
MT4 EA, Indicator and Alert Coder Since 2006
  • #4
  • May 4, 2007 9:43am May 4, 2007 9:43am
Thanks BurgerKing

I like the color code change for bears and bulls.
  • #5
  • May 4, 2007 10:07am May 4, 2007 10:07am
Quoting luxinterior
Thanks for the indicator BK. Something I did notice and I'm not sure if it's just me but when I have your indicator on and I draw a Fib retracement the Fib disappears if I change TF's back and forth.

Lux

PS: I just took a look at your code and I believe the problem is your use of 'ObjectsDeleteAll(0)'.

Yes. its because of that.
Inserted Code
int deinit() {
    ObjectsDeleteAll(0);
    Comment("");
    return(0);
}
I was planning to add UP/DOWN ARROWS to give signals but wasnt able to add that on the posted version.

For the meantime, you can remove the ObjectsDeleteAll code.
  • #6
  • May 4, 2007 11:22am May 4, 2007 11:22am
Hi, do this indicator repaint the past?
  • #7
  • May 4, 2007 4:58pm May 4, 2007 4:58pm
Quoting tunera
Hi, do this indicator repaint the past?
Could you explain what you mean by "repaint the past"?
  • #8
  • Edited 5:59pm May 4, 2007 5:03pm | Edited 5:59pm
Here is an example of Triple Screen setup.

I have a M30 chart up. With M30, H4 and D1 MACD plotted.

According to the Triple Screen setup, look for the higher timeframe indicators as trend, the use the middle timeframe to confirm (actually a counter trend), then use the fastest timeframe to enter.

In this case, D1 MACD is Bearish. H4 is Bullish so we wait for a setup to short; then use M30 as trigger to short. Accordingly, I was supposed to SHORT GBPUSD at the open of the last candle @ 1.9934.

http://img148.imageshack.us/img148/797/macdna4.gif

Im still novice on this Triple Screen technique; my rules can be wrong, but the point is to use multiple timeframe for the setup.
Here are some materials to read on Triple Screen:
http://www.forexfactory.com/showthre...=Triple+Screen
http://www.investopedia.com/articles.../03/050703.asp
http://www.forexfactory.com/showpost...34&postcount=5
  • #9
  • May 6, 2007 3:26am May 6, 2007 3:26am
Attached are two more indicators that can be used to plot "higher timeframe results" on "lower timeframe charts".

These are Moving Averages and Stochastics.

I hope you have good use of these and I appreciate if you could give some ideas on how you use them too!
Attached File(s)
File Type: mq4 Burger Moving Average.mq4   3 KB | 789 downloads
File Type: mq4 Burger Stochastic.mq4   4 KB | 783 downloads
  • #10
  • May 6, 2007 4:35am May 6, 2007 4:35am
burger is the king once more. what people might not realized is out of complete tests on all indicators, macd was at 63%+.

multi frames probably increase this
  • #11
  • May 6, 2007 10:32am May 6, 2007 10:32am
Yeh I see what you mean,
All 4 on the one chart, waiting for the H4 to go bearish to follow the D1 trend and the H1+M30 for pinpoint entry when the candle turns red.
Even just the macd on the 4 hour looks ok on the GBP if you want to wait.
Nice simple system ill test it on micro lots.Thanks for these.
  • #12
  • Jul 10, 2007 5:02am Jul 10, 2007 5:02am
Quoting BurgerKing
Could you explain what you mean by "repaint the past"?

Hi please check the pictures attached. Unfortunately Burger MACD is painting the past.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: burger 1.jpg Size: 56 KB
Click to Enlarge Name: burger3.jpg Size: 55 KB
  • #13
  • Jul 10, 2007 5:33am Jul 10, 2007 5:33am
Quoting am4me
Hi please check the pictures attached. Unfortunately Burger MACD is painting the past.
If you are showing a 1 day indicator on a 30 min chart the bar will not have closed until the end of the day.

The indicator is not re painting, but you wont get a fixed signal until that bar has closed.

If you could we would all be rich.

Think about it

Mart
----o00o--°(_)°--o00o----
  • #14
  • Edited 7:07am Jul 10, 2007 6:52am | Edited 7:07am
Quoting mart-hart
If you are showing a 1 day indicator on a 30 min chart the bar will not have closed until the end of the day.

The indicator is not re painting, but you wont get a fixed signal until that bar has closed.

If you could we would all be rich.

Think about it

Mart
Yes you are right but what is the purpose of trading with 3 MACD on different time frames on 1 chart if everything can change? I mean you enter a trade because in all the time frames the indicators are aligned only to find out out after 5 minutes that everything has changed. I'm not trying to be negative just to present the facts. I know that the discussions regarding MTF indicators are a long story some are saying that are ok some are saying that are not. My point is that if an MTF indicator on let's say 1D time frame is going to change from positive to negative it should be reflected exactly in to a single bar on a lower frame for ex 30M at the exact moment when the change occurred, not on all the 30m candles from that day. Again I hope this post will be taken as a constructive one taking in to account that I respect and thank the programmers that are developing and sharing tools with us the simple user.
  • #15
  • Jul 10, 2007 11:08am Jul 10, 2007 11:08am
Quoting am4me
My point is that if an MTF indicator on let's say 1D time frame is going to change from positive to negative it should be reflected exactly in to a single bar on a lower frame for ex 30M at the exact moment when the change occurred, not on all the 30m candles from that day.
You can do that,
What you are describing is a 30 min Macd on a 30 min chart.

Mart
----o00o--°(_)°--o00o----
  • #16
  • Edited Jul 11, 2007 2:44am Jul 10, 2007 5:42pm | Edited Jul 11, 2007 2:44am
Quoting mart-hart
You can do that,
What you are describing is a 30 min Macd on a 30 min chart.

Mart
No, you can not do that because we were talking about a MTF indicator not a simple one. Anyway your "solution" didn't answer the question regarding the purpose of different MTF indicators on same chart if they are "unstable" till the candle close. Thnx for your replay.
  • #17
  • Last Post: Jul 10, 2007 7:07pm Jul 10, 2007 7:07pm
I wonder if BK could take on another request and add a 'shift' function to the mtf macd. If you put the upper timeframes i.e 4hr/daily on shift = +1 then you can base your 30 minute tf decisions on upper tf readings that won't repaint. It would be easier than looking to the left for previous closed 4hr/daily bars each time.

Cheers.
0 traders viewing now