Is there a bar count indicator available? | Forex Factory

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Is there a bar count indicator available?

  • #1
  • First Post: Sep 17, 2007 4:48pm Sep 17, 2007 4:48pm
I'm looking for an indicator that will simply place a mark on a price bar at a certain point back in time. For instance, it would mark the bar that was 50 bars prior to the current one to give an immediate view of whether the current price is above or below where it was 50 bars ago. I've had a good search around but have only been using metatrader for a short while and haven't found anything to do this. I'd really appreciate it if anyone could point me in the right direction for finding something like this. Thanks.
  • #2
  • Sep 17, 2007 5:59pm Sep 17, 2007 5:59pm
Knossos, will a bar counter suffice? You would need to place your own mark, e.g. draw a symbol or vertical line.

MT4 has its own bar/pip counter. It's not documented in the on-line help, so you may not be aware of it. Here's how to activate and use it:

1. Click your mousewheel (or press Ctrl-F) to activate the crosshairs.
2. Move to the bar/price you want to start counting/calculating from.
3. Hold the left mouse button down and drag the pointer to the destination point.

You should see a graphic (e.g.) 24 / 63 / 1.3879 appear.

  1. The first value (24) is the number of bars between the start and destination points.
  2. The second value (63) is the number of pips between the price at the start point, and the price at the destination point.
  3. The third value (1.3879) is the price at the destination.

Hope this helps. I find it a very handy counting tool (especially the second value, when I want to quickly count the number of pips between any two prices).

David

  • #3
  • Sep 17, 2007 9:11pm Sep 17, 2007 9:11pm
  •  tesla
  • Joined Oct 2006 | Status: Friendly Neighborhood Programmer | 533 Posts
This sixty seconds of code brought to you by Tesla.

PHP Code
#property indicator_chart_window
#property indicator_buffers 1
#property indicator_color1 DodgerBlue

double dMarker[];

extern int MarkedBar = 50;

int init() {
    SetIndexBuffer(0,dMarker);
    SetIndexStyle (0,DRAW_ARROW);
    SetIndexArrow (0,242);
}

int start() {
    for (int i=Bars-1;i>=0;i--) {
        if(i == MarkedBar)
            dMarker[i] = High[i];
        else
            dMarker[i] = EMPTY_VALUE;
    }
    return(0);
}
  • #4
  • Sep 18, 2007 2:03am Sep 18, 2007 2:03am
Thanks very much to both of you guys. I'll check those out later this evening but that's a great help
  • #5
  • Last Post: Nov 7, 2012 3:05am Nov 7, 2012 3:05am
Hi traders, could someone continue where this left off and create a counter with an alert.

1. The counter should add / increase in number 1,2,3 etc as and when a bar closes above a moving average.
1.1 Regardless of time frame or MA as these could be changed to the traders preference
2. The counter should then decrease as a bar closes below the moving average. Think of it as a weighted average, or on balance volume is also similar. So as three bars close above the counter would show (3) and as three close below the MA, the counter would show (0)
3. The value to when an alarm is signalled should also be variable as this could be when 5 bars close above or 25.
4. So when said amount of bars close above say (25) an alarm should signal with a counter to indicate to the trader its buy time.

Trust this is simple enough, if anyone could do this ofcourse it would be amazing and trust it can be of value to you. Cheers!
Success is never final, and failure never fatal
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