Make my day...need custom indicator | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

I need a custom indicator 4 replies

Need Custom Indicator Written 1 reply

Need help importing custom indicator to EA 0 replies

Need Help with custom indicator 1 reply

Need help Custom Indicator (MetaTrader4) 4 replies

Attachments: Make my day...need custom indicator
Exit Attachments

Make my day...need custom indicator

  • #1
  • First Post: Edited Jan 19, 2008 5:32am Jan 18, 2008 5:01pm | Edited Jan 19, 2008 5:32am
Hi guy& girls.
I need help in producing a custom indicator.
They say a 'Picture paints a thousand words', so I have attached a screen shot of what I need.
Please ask if you need more info.

The idea is for the indicator to Auto attach to each new bar.
Attached Image (click to enlarge)
Click to Enlarge Name: pic6.gif Size: 21 KB
  • #2
  • Jan 18, 2008 8:04pm Jan 18, 2008 8:04pm
you need it to calculate the values based on the previous bar, then plot the horizontal lines based on those calculations and do that for each new bar correct?
  • #3
  • Jan 18, 2008 8:11pm Jan 18, 2008 8:11pm
Quoting magnumfreak
you need it to calculate the values based on the previous bar, then plot the horizontal lines based on those calculations and do that for each new bar correct?
From what I understand: calculate the value (in pips) of 25% of the previous bar's range, and then add/subtract that value from the current bar's open. Repeat the same for 50%, 75%, 100%. Shouldn't be too hard, I wouldn't think. However, I must admit that it'd take me a lot longer than some to hash this out. I'll give it a shot, but don't expect results until tomorrow afternoon.
Never underestimate the powers of the Force.
  • #4
  • Jan 18, 2008 8:13pm Jan 18, 2008 8:13pm
Quoting The Jedi
From what I understand: calculate the value (in pips) of 25% of the previous bar's range, and then add/subtract that value from the current bar's open. Repeat the same for 50%, 75%, 100%. Shouldn't be too hard, I wouldn't think. However, I must admit that it'd take me a lot longer than some to hash this out. I'll give it a shot, but don't expect results until tomorrow afternoon.
DOH!!! Missed that part in the pic. LOL! Man I hate getting old.
  • #5
  • Jan 18, 2008 8:55pm Jan 18, 2008 8:55pm
Quoting magnumfreak
DOH!!! Missed that part in the pic. LOL! Man I hate getting old.
"This Bud's for you!"

/begin bar mode
Never underestimate the powers of the Force.
  • #6
  • Jan 19, 2008 4:39am Jan 19, 2008 4:39am
I really appreciate the help guy's
No problem with time...I'm in the twilight zone too!
  • #7
  • Jan 19, 2008 4:52am Jan 19, 2008 4:52am
Quoting The Jedi
From what I understand: calculate the value (in pips) of 25% of the previous bar's range, and then add/subtract that value from the current bar's open. Repeat the same for 50%, 75%, 100%. Shouldn't be too hard, I wouldn't think. However, I must admit that it'd take me a lot longer than some to hash this out. I'll give it a shot, but don't expect results until tomorrow afternoon.
Spot on...thanks again.
  • #8
  • Edited 8:29am Jan 19, 2008 8:10am | Edited 8:29am
Hi springer,

Attached File(s)
File Type: mq4 makemydayplease.mq4   7 KB | 626 downloads


Regards,
lucidlamp

ps: One thing I noticed, while taking a look at the chart you posted, is that the horizontal lines are painted above the price bars. This indicator, as written, will paint the horizontal lines behind the price bars. To change the code so the indicator paints the horizontal lines above the price bars (as in the chart you posted) you have to change this line: (located all the way at the bottom of the code)

ObjectSet(sObject,OBJPROP_BACK,true);

to this line:

ObjectSet(sObject,OBJPROP_BACK,false);

Then again if 'Chart on Foreground' is selected in the 'Common' tab of the 'Properties' window (F8 while MetaTrader is active) changing the line of code in the indicator will not make a difference and the horizontal lines will be painted behind the prices bars.
  • #9
  • Jan 19, 2008 8:44am Jan 19, 2008 8:44am
Quoting lucidlamp
Hi springer,

Attachment

Regards,
lucidlamp

ps: One thing I noticed, while taking a look at the chart you posted, is that the horizontal lines are painted above the price bars. This indicator, as written, will paint the horizontal lines behind the price bars. To change the code so the indicator paints the horizontal lines above the price bars (as in the chart you posted) you have to change this line: (located all the way at the bottom of the code)

ObjectSet(sObject,OBJPROP_BACK,true);

to this line:

ObjectSet(sObject,OBJPROP_BACK,false);

Then again if 'Chart on Foreground' is selected in the 'Common' tab of the 'Properties' window (F8 while MetaTrader is active) changing the line of code in the indicator will not make a difference and the horizontal lines will be painted behind the prices bars.
Hi Lucidlamp,

Many thanks, terrific! Now I don't have to place them by hand on eight pairs!

Could I ask for a small addition...?
It look's as though you have used the High/Low range for the numbers & that's great...but is it possible to give me the choice of using H/L or Open/Close?

Sometime's the H/L range can be very large, & result in a 'no trade day'. where as, using O/C range would probably have given a trade.
Thanks again.
  • #10
  • Jan 19, 2008 8:51am Jan 19, 2008 8:51am
Hi springer,

The choice between High/Low and Open/Close is already coded in the indicator. Selecting 'True' for HL, in the indicators 'Input' tab, will use the High/Low of the previous bar for calculations, whereas selecting 'False' for HL, in the indicators 'Input' tab, will use the Open/Close of the previous bar for calculations.

Regards,
lucidlamp
  • #11
  • Jan 19, 2008 9:06am Jan 19, 2008 9:06am
Quoting lucidlamp
Hi springer,

The choice between High/Low and Open/Close is already coded in the indicator. Selecting 'True' for HL, in the indicators 'Input' tab, will use the High/Low of the previous bar for calculations, whereas selecting 'False' for HL, in the indicators 'Input' tab, will use the Open/Close of the previous bar for calculations.

Regards,
lucidlamp
Sorry guy, too excited about the indi. I failed to see it
Take care
  • #12
  • Jan 20, 2008 11:13pm Jan 20, 2008 11:13pm
Quoting lucidlamp
Hi springer,

The choice between High/Low and Open/Close is already coded in the indicator. Selecting 'True' for HL, in the indicators 'Input' tab, will use the High/Low of the previous bar for calculations, whereas selecting 'False' for HL, in the indicators 'Input' tab, will use the Open/Close of the previous bar for calculations.

Regards,
lucidlamp
Hi lucidlamp,

Could you make this indicator to neglect Sunday candle?

Thanks and regards
limcs
  • #13
  • Jan 20, 2008 11:17pm Jan 20, 2008 11:17pm
Quoting springer
Sorry guy, too excited about the indi. I failed to see it
Take care
Springer,

Can you explain how you trade this break out system?
What kind of T/P and S/L is ideal?

Thanks and regards
limcs
  • #14
  • Jan 21, 2008 2:53am Jan 21, 2008 2:53am
Quoting limcs
Springer,

Can you explain how you trade this break out system?
What kind of T/P and S/L is ideal?

Thanks and regards
limcs
I'm curious as well.
Liberate me ex inferis
  • #15
  • Jan 21, 2008 3:22am Jan 21, 2008 3:22am
Quoting limcs
Springer,

Can you explain how you trade this break out system?
What kind of T/P and S/L is ideal?

Thanks and regards
limcs
Hi Limcs,
I'm a simple person & my trading is the same.
1. I place my entry ONLY in the direction of the trend...as decided by the two indicators attached,
2. I spread bet...so don't ask me about lots! I always trade at GBP 9.00 per pip I place my Buy/Sell stop @ the first line (25%), If the trade goes my way, I close out GBP 3.00 @ (50%), if it continues, I close the second GBP 3.00 @ 75 %, & the last GBP 3.00 @ 100%
3. My initial stop is the 25% line in the opposite direction to the trade.
4. Once in profit I use Breakeven, or previous percent line...which ever is closer.
Thats it!
Attached File(s)
File Type: ex4 SAR_Bar _Multi_Currency_TradeTime_v2.ex4   57 KB | 402 downloads
File Type: mq4 FerruFx_Multi_info+_light_chart_v1.1.mq4   86 KB | 385 downloads
  • #16
  • Jan 21, 2008 5:29am Jan 21, 2008 5:29am
Quoting springer
Hi Limcs,
I'm a simple person & my trading is the same.
1. I place my entry ONLY in the direction of the trend...as decided by the two indicators attached,
2. I spread bet...so don't ask me about lots! I always trade at GBP 9.00 per pip I place my Buy/Sell stop @ the first line (25%), If the trade goes my way, I close out GBP 3.00 @ (50%), if it continues, I close the second GBP 3.00 @ 75 %, & the last GBP 3.00 @ 100%
3. My initial stop is the 25% line in the opposite direction to the trade.
4. Once in profit I use Breakeven, or previous percent line...which ever is closer.
Thats it!
Thank you for your prompt reply, all well noted.

i notice that you are using fxdd without Sunday candles.
i'm using ibfx and all the lines are stack up together due to the Sunday candle, hope that lucidlamp can fix that too.

Another question about SAR_Bar... indicator, doesn't seem like is showing up on my platform, i get a error message unknown symbol. Could you post a template?
  • #17
  • Jan 21, 2008 9:02am Jan 21, 2008 9:02am
Quoting limcs
Thank you for your prompt reply, all well noted.

Another question about SAR_Bar... indicator, doesn't seem like is showing up on my platform, i get a error message unknown symbol. Could you post a template?
You probably know this already...but just incase. The sar indi is an exe file.
You will need to load in metatrader indicator file, then close Metarader. When you reopen metatrader it will be there. Just open a chart,select insert/custom & it should be in your drop down list.
take care
  • #18
  • Jan 21, 2008 9:12am Jan 21, 2008 9:12am
Here's the template
Attached File(s)
File Type: tpl my trader.tpl   12 KB | 358 downloads
  • #19
  • Jan 21, 2008 9:37am Jan 21, 2008 9:37am
Quoting limcs
Thank you for your prompt reply, all well noted.

i notice that you are using fxdd without Sunday candles.
i'm using ibfx and all the lines are stack up together due to the Sunday candle, hope that lucidlamp can fix that too.

Another question about SAR_Bar... indicator, doesn't seem like is showing up on my platform, i get a error message unknown symbol. Could you post a template?
You are using a a mini account, where you symbols are appened with a m
example EURUSDm. If you are running this in demo at ibfx. open a new account number and select a standard account.
  • #20
  • Jan 21, 2008 11:36am Jan 21, 2008 11:36am
Quoting limcs
Hi lucidlamp,

Could you make this indicator to neglect Sunday candle?

Thanks and regards
limcs

Hi limcs,

Would it not be better to combine the Sunday candle with the day before, or after?

Regards,
lucidlamp
0 traders viewing now