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Attachments: MACD_Colored Indicator for 4 Hour Strategy (300+ Pips per Month)
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MACD_Colored Indicator for 4 Hour Strategy (300+ Pips per Month)

  • #121
  • Nov 27, 2007 8:36pm Nov 27, 2007 8:36pm
Quoting irusoh
This is an new version of MACD colored indicator.
It includes signals and alerts.

All explanations are in macd_colored.doc attached.

Please download and test. Post me here with any questions.
Thanks Irusoh, for this version of MACD colored indicator. I have a problem with entering trades with it. When should I enter and / or exit...Again my chart is not coloured like the one you posted...how do I put those colours and also which time frame is best suited for this indicator?
I await your clearification on these.
Best regards,
Arnold
  • #122
  • Nov 29, 2007 2:58am Nov 29, 2007 2:58am
Hi Irusoh,
Just wanted to say that I really appreciate your efforts to help us guys. Your indicator truely makes life easier to see
So many many thanks ^_^
  • #123
  • Dec 9, 2007 10:33pm Dec 9, 2007 10:33pm
I'd like to take away all signal names and alarms, leaving only the colored macd and the pips to color change. How should I edit the indicator?

Thanks so much!
"The market pays you to be disciplined"
  • #124
  • Dec 9, 2007 10:35pm Dec 9, 2007 10:35pm
or do i just need to use the v102? will that make me miss out on some other important update?
"The market pays you to be disciplined"
  • #125
  • Dec 12, 2007 4:10pm Dec 12, 2007 4:10pm
Fantastic Indicator!

It does make life a little easier for this wonderful system
Pip Goes The Weasel
  • #126
  • Dec 22, 2007 11:45am Dec 22, 2007 11:45am
Couldnt open the word document to find out what the letters mean, vt rp zb fb... and all the rest, could someone explain please. Thanks
  • #127
  • Jan 17, 2008 8:41am Jan 17, 2008 8:41am
Quoting Moiuntain
Couldnt open the word document to find out what the letters mean, vt rp zb fb... and all the rest, could someone explain please. Thanks
VT = V-Top
RP = ?
ZB = Zero Break
FB = ?
I don't see RP and FB signals on MACD colored.
  • #128
  • Feb 21, 2008 9:21pm Feb 21, 2008 9:21pm
Quoting irusoh
My modest contribution to MACD strategy.
Hi Irusoh,
Thanks for the great indicator. I am generating 2 numbers on all TF. (see below) is this normal? I only see one number on your word doc.

Any ideas?

Thanks...Mike G
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 10 KB
  • #129
  • Apr 19, 2008 7:29am Apr 19, 2008 7:29am
I get it.it shows letter VT VB and other as for your information I never trade it........this question I ve asked many times and the answers keep repeating read the phillip's thread.......now Im asking you all how to trade them please dont repeat their answer......I mean when VB VT and other occurs what I must do short/long only that........simple isnt it? thats what I need to know no-answer-same-way........SIMPLICITY IS THE ULTIMATE FORM
  • #130
  • Apr 20, 2008 6:23am Apr 20, 2008 6:23am
The reason you get the answer is there is more to it than just using the signal.

You need to know the time, where ma's are, higher time frames etc.

To learn that you need to study, no short cuts. simple vt sell vb buy but do that only and you will loose a lot

In the end only you can make the call, no one will give you yes or no simple answer.
  • #131
  • Apr 20, 2008 1:07pm Apr 20, 2008 1:07pm
Quoting B@by trader
I get it.it shows letter VT VB and other as for your information I never trade it........this question I ve asked many times and the answers keep repeating read the phillip's thread.......now Im asking you all how to trade them please dont repeat their answer......
Really, guys, - very common question - if someone could post direct link(s) to Vb/Vt patterns and sig interpretation - big thanks
but please, not general link (if it's whole pdf doc- page with specific answer(s), please?)
  • #132
  • May 10, 2008 11:51am May 10, 2008 11:51am
Quoting Matrixxdg
Hi Irusoh,
Thanks for the great indicator. I am generating 2 numbers on all TF. (see below) is this normal? I only see one number on your word doc.

Any ideas?

Thanks...Mike G
Sometimes when indicator starts it displays number before timeseries was updated from server and then show another number.

Just delete both numbers and correct number will regenerate itself.
  • #133
  • May 29, 2008 9:42pm May 29, 2008 9:42pm
Love the idea here.. thanks for the details.. I also trade the 4hr due to my day job and wondered if anyone added the Bollinger Bands for reversals?

Appreciate this information
  • #134
  • Sep 11, 2008 7:51am Sep 11, 2008 7:51am
Nice indy bro, thanks
  • #135
  • Sep 13, 2008 10:38pm Sep 13, 2008 10:38pm
HI Irusoh,
I am a newbie and just download the MACD v102 and 4hr template.Once I put on the template the entire back ground becomes white and its very difficult to see anything except the candle stick.Could u please tell me what to do
  • #136
  • Dec 9, 2008 12:12pm Dec 9, 2008 12:12pm
hi, my macd histogram's levels of 0.15, 0.30 ... are all merged into one small cluster, why is this and how do i fix it?
when i change the time frame to 5 mins, its fine?
pls any help appreciated
thank you
  • #137
  • Dec 22, 2008 7:31pm Dec 22, 2008 7:31pm
Hi irusoh,

I already view and use your brilliant invention on MACD indication.

I need some clarification on the entry time and exit time.

For entry you already added the sign for few signal that useful via RB, VT, RT and etc. My question is when this signal will be appear and how relevent it to signal from the graph.

From your experience do this MACD H4 can be use on H1 or M30.

For Exit time, do you looking at support and resistance daily or just depending to filter?

or you combined it all?

From niel info, he recommended for trade on the signal above 0.0045 for a beginner.

How I can use your indicator to reduce my risk if I want to trade below the signal.?

Last question is how to calculated stop loss by looking at previous bar?

thanks

hafizal79


Quoting irusoh
I have created a new version of MACD for 4 Hour Strategy
I put it here in separate thread, so maybe it wil be easier to find.

1. I added new parameter MinDiff which if set greater than zero will color yellow those lines which differ from a prior bar by less than a set amount.

2. I added a number that will show at 1st bar. This number tells how many pips up or down price has to go for a bar to change color

Here it is.

Let me know if you have any problems.

This a link to [b][url="http://www.forexfactory.com/showthread.php?t=14630"]4 Hour...
  • #138
  • Edited 3:46pm Apr 18, 2009 2:23pm | Edited 3:46pm
Quoting ali_walji5
hi, my macd histogram's levels of 0.15, 0.30 ... are all merged into one small cluster, why is this and how do i fix it?
when i change the time frame to 5 mins, its fine?
pls any help appreciated
thank you

same here
How can we fix it?

tnx


Got it...you just have to add another zero to the levels...instead of 45 you put 450. Try it ali.

Good luck and thank you for the indicator. It is really helpful
  • #139
  • Apr 21, 2009 4:31am Apr 21, 2009 4:31am
Quoting fxlan
same here
How can we fix it?

tnx


Got it...you just have to add another zero to the levels...instead of 45 you put 450. Try it ali.

Good luck and thank you for the indicator. It is really helpful
Hi,
I had the same problem; I think the reason is my broker uses 5 digits quotes (I suppose even the distance to bar colour change is expressed in "hundreds", so that if you read +60, it means 6 pips).
I'll try to take a look at the code to fix this.
  • #140
  • Edited 1:06am Jul 19, 2009 1:02am | Edited 1:06am
I have made a PDF file with photos along with instructions for anyone new to forex, MT4 and this thread. However this is my first attempt at creating a PDF file: So if it doesn’t work the 10 steps below should help:

Easy loading for any and all Indicators for computer challenged folks like myself:
For MT4 v 1.0.0.1
Close your MT4 platform before starting:

1: Down load files from page 1 post #13 to your desk top: (MACD Colored_v103 and the Word document)
2: Double click on My Computer:
3: Double click on your C drive:
4: Double click on your Program File Folder:
5: Scroll until you find your broker’s folder and double click it.

6: Scroll until you find experts folder and double click it:
7: Scroll until you find indicators folder and double click it:
Leave this folder open for now:
8: Go back to your desk top, right click on MACD_Colored_v103 file and select copy:
9: Go back to your indicators folder (should already be open) right click anywhere in a clear space and select paste: MACD_Colored_v103 should appear in your indicators folder.
10: Now re-launch your MT4 platform and the MACD_Colored_v103 should appear in your Custom Indicators list.

Last: You now have a MACD_Colored_v103 file left on your desk top. I created a folder named Original Indicators. I keep all indicators I down load there just in case…Murphy shows up…

Note: The new version currently posted on pg 1 post #13 is v104.
The document posted there is a Microsoft Office Word program. You will need a program that will recognize Microsoft Word to be able to read it.

You can download a free program (OpenOffice.org) that will allow you to access Microsoft Word if needed.
http://www.openoffice.org/

This should help…..speed the learning curve up a bit.

Hey the PDF worked..
Attached File(s)
File Type: pdf Copying File to Indicators 002.pdf   283 KB | 1,072 downloads
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