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Box Breakout indicator

  • #21
  • Feb 14, 2007 1:28am Feb 14, 2007 1:28am
Quoting Markj
Halpalkos,

Have to thank you again. This is perfect for a Box Breakout indicator.

Cheers
Well, maybe not perfect. I am glad you like it.

I have made some more changes to the indicator. Specifically, the ability to cross 00:00 with the time sets, the addition of a Unique ID to permit multiple indicators and the ability to delete rectangles specific to an indicator. I have attached a couple of indicators to illustate these changes. Both indicators are the same except for changes in the inputs to achieve the desired configuration. Just enter a Unique ID, set the times of interest, the desired display of rectangles and save with a unique name to have an indicator that is specific to your needs.

I appreciate the posting of your concept for the form of the breakout box. It got me thinking about previous work that I had done and motivated me to approach it in a different manner. The resulting indicator provides a flexible and clean display.

The only other idea I have is to write the results to a file for analysis.
Something for another day.

hap


Attached File(s)
File Type: mq4 BreakOut_BOX_4_pre-TOKYO_indicator.mq4   15 KB | 10,339 downloads
File Type: mq4 BreakOut_BOX_4_LONDON_OpeningRange_indicator.mq4   15 KB | 11,451 downloads
  • #22
  • Feb 14, 2007 1:37am Feb 14, 2007 1:37am
Very impressive work hapalkos!!! Thank you very much for sharing! This has saved me LOTS of time currently I'm in my own version of a box indicator ver0.5.

Quoting hapalkos
Well, maybe not perfect. I am glad you like it.

I have made some more changes to the indicator. Specifically, the ability to cross 00:00 with the time sets, the addition of a Unique ID to permit multiple indicators and the ability to delete rectangles specific to an indicator. I have attached a couple of indicators to illustate these changes. Both indicators are the same except for changes in the inputs to achieve the desired configuration. Just enter a Unique ID, set the times of interest, the desired display of rectangles and save with a unique name to have an indicator that is specific to your needs.

I appreciate the posting of your concept for the form of the breakout box. It got me thinking about previous work that I had done and motivated me to approach it in a different manner. The resulting indicator provides a flexible and clean display.

The only other idea I have is to write the results to a file for analysis.
Something for another day.

hap

Therefore what??
  • #23
  • Feb 14, 2007 2:08am Feb 14, 2007 2:08am
Quoting glenn5t
Other then the GBP, what other pairs have you tried it with and are there any perfered timeframes?

I have a box indicator for the 8 hours prior to London opening and I find it works well. However to have a indicator like this to work on all pairs would be great, has any body tried it on the JPY pairs during Tokoyo time?

Glenn
Glenn,

I really don’t have any specifics about best pairs or time periods in these lower time frames. I now mainly look at breakouts on the daily timeframe using Narrow Range 4 and 7. What I did do to the indicator is make changes so that the set times can now straddle 00:00. This allows an adjustable fixed measurement period before the Tokyo opening. Maybe this would be of some use.

I noticed your post in the Flexbox thread about originally posting TIME1_modified.mq4. I must have downloaded it then but did not remember where I got it. When I came across Markj’s request I thought of it and some previous work I had done on an Opening Range indicator. As TIME1 is the starting point for the BreakOut_BOX indicator I want to express my appreciation for your post.

hap
  • #24
  • Feb 14, 2007 3:38am Feb 14, 2007 3:38am
Example of "Day" inputs for indicator configured for pre-Tokyo session.
Attached Image
  • #25
  • Feb 14, 2007 3:44am Feb 14, 2007 3:44am
hapalkos,
Thanks for your hard work on this fine indicator. I really like how it works. This seems to be a good month for box indicators.
  • #26
  • Feb 14, 2007 5:31pm Feb 14, 2007 5:31pm
You might want to use this for additional info.
Attached File(s)
File Type: mq4 (T_S_R)-DATA_WINDOW_2.mq4   16 KB | 6,162 downloads
Mono
  • #27
  • Feb 15, 2007 5:16am Feb 15, 2007 5:16am
Quoting mono
You might want to use this for additional info.
Excellent object manipulation and data display in a separate window.
Very thought provoking.

Thanks!

hap
  • #28
  • Feb 15, 2007 6:24am Feb 15, 2007 6:24am
Could any alert be added when the bod break out happens
pop up box and audio

thanks for all your work on this
  • #29
  • Feb 15, 2007 6:53am Feb 15, 2007 6:53am
I have been successful with the break out. Does anyone have an EA where I can input the the buy/sell for a specific time range with S/L and T/P?
  • #30
  • Feb 16, 2007 10:39am Feb 16, 2007 10:39am
hapalkos this indicator is art. thanks alot
  • #31
  • Feb 16, 2007 1:16pm Feb 16, 2007 1:16pm
This is so timely! I've been doodling with the Time1 indicator Glenn shared some time ago and now have added to the original three boxes. Below is a screen shot. . . but your code with the pip range outside the box is very useful. The dotted lines on the chart indicate the candle body open/close. I am going to look into the code and see if instead of the day's high/low, it can be set to a given session's open/close. This is useful in some range-breakout models where open/close is looked at as support and resistance rather than a session's High/Low.

For instance, on the image below, the dotted lines indicate the open at 16:00 New York time and close at 15:59 New York. There is also a small gray rectangle just left of the vertical white dashed line ...this is that hour noted, and is the last hour of the NY session leading into the Asian.

Anyway, wonderful work, and hopefully it can have the option of looking at a session's open/close in addtion to the high/low. Obviously it would be an either/or situation. . . you may have already thought of incorporating such, i'll look today : )

Cheers,
Thom

http://www.accrete.com/fx-mirror/mt4...ssionBoxes.gif
  • #32
  • Feb 16, 2007 3:01pm Feb 16, 2007 3:01pm
accrete

Firstly I would like to say I have used quite a few of your indicators now having followed you around....LOL from Trillion to SRDC.....

You do great work my friend, I see we are going along the same line these days.
I have your indicator from Trillion, is the one you posted here a update of that one and if so would you be so kind to post it here..

I belive that hapalkos work here is not that removed in some ways from trillion, I agree with you I perfer time frames as to H/L with the one exception and thats the daily candle where I belive a H/L stragety can be used..

What Iam really intrested in is the moves between the later period of Tokoyo and the opening of Frankfurt (post 72) here showed that how ever may be Iam dumb I have trouble getting that to make any sense on my charts , I belive I have the setting wrong.

I have Frankfurt/London opening sorted with the 1 time indicator and it works well...
So I would be very intrested in the indicator.

I also have a breakout Ea which you may like to have a look over pm me if your intresrted.

Glenn
  • #33
  • Feb 16, 2007 5:20pm Feb 16, 2007 5:20pm
Greetings Mark and all the rest of you box-break traders! This is really where i am at home as far as models.

Glenn, thank you for your kind words. Your indicator started the doodlin'... and over the weekend i will put two more boxes for use maybe during the hour before NY and then the NY morning session??? This would pretty much finish out the day?

OK so here are the two indicators as shown on my chart in the above post:

$TrillionEntryBoxes.mq4 and

$TrillionStrategySessions.mq4.

Cheers,
Thom
  • #34
  • Feb 16, 2007 8:02pm Feb 16, 2007 8:02pm
accrete

Thanks for another great indicator....

I assume the two dotted lines open and close will change as each market opens/close's....or will we have several set of lines for each market as they overlap.

I have just put in on my chart with default settings....will try it out this week with Tokoyo/Frankfurt..


Glenn
Attached Image
  • #35
  • Feb 17, 2007 12:25am Feb 17, 2007 12:25am
Hi Glenn, you are correct in your comment. The lines will shift and redraw at the beginning of each new session (what ever your "session" is...mine is set at 23 on my GMT+2 feed so my day ends at 1 hour before NY for this experiment). I think the single session lines make for a cleaner chart, though there have been situations for backtesting that the other non-delete indicators have come in handy.

: ) Thom
  • #36
  • Edited 2:44am Feb 17, 2007 12:41am | Edited 2:44am
As we are talking breakout methods, I guess it will not be long before the question of entry/exit is asked so I will set myself up for comment and discussion...

If you are going to use the previous H/L please consider this is the H/L you are about to use based on the candle or the wick, I belive that the candle close should not be included in the H/L, but you should use the close of the candle and then use the wick as a S/R.
Therefore a trade (long) would be after the next candle has pasted the wick of the previous candle and closed above it, If the next new candle opens and move up then thats the trade. (15min)

This is why I use time for box indicators as most H/L indicators include the wicks.


I have been looking at the GBP/USD and it appears that if the move from the opening of the daily candle runs for 50 pips it will contiune.

As I said my thoughts, Open to discussion

Dont be to hard on me guys....lol

Glenn
  • #37
  • Feb 17, 2007 3:08am Feb 17, 2007 3:08am
I also belive that to form a box during normal trading you need a minimum of three points of contact.

Glenn.
Attached Image
  • #38
  • Feb 17, 2007 9:55am Feb 17, 2007 9:55am
Quoting accrete
This is so timely! I've been doodling with the Time1 indicator Glenn shared some time ago and now have added to the original three boxes. Below is a screen shot. . . but your code with the pip range outside the box is very useful. The dotted lines on the chart indicate the candle body open/close. I am going to look into the code and see if instead of the day's high/low, it can be set to a given session's open/close. This is useful in some range-breakout models where open/close is looked at as support and resistance rather than a session's High/Low.

For instance, on the image below, the dotted lines indicate the open at 16:00 New York time and close at 15:59 New York. There is also a small gray rectangle just left of the vertical white dashed line ...this is that hour noted, and is the last hour of the NY session leading into the Asian.

Anyway, wonderful work, and hopefully it can have the option of looking at a session's open/close in addtion to the high/low. Obviously it would be an either/or situation. . . you may have already thought of incorporating such, i'll look today : )
Boxes do seem to be the rage! Time1 has also consumed a fair amount of my time. Hopefully to good effect. At the least, an artistic outlet. It is timely and prompting to me that you bring up the use of open/close on the fixed period boxes. I had noted the comments on the FlexBox thread, gave it some thought but did not pursue it. I have now added the ability to display open/close boxes and also open/close lines. This helps get a different perspective on the fixed period boxes. Helps one to see the forest and the trees. While my code has become a little kludgy, it does provide a flexible way to display fixed periods.

Thank you for your kind words about my art. Good design is art. I very much appreciate the prompt. Modifying the code did more than change the display. It changed my perspective on break-out boxes.

To illustrate the new abilities I have attached the indicator configured to show the bodies of daily candles.
Attached File(s)
File Type: mq4 BreakOut_BOX_5_DailyCandles_OCbox_indicator.mq4   21 KB | 8,115 downloads
  • #39
  • Feb 17, 2007 9:59am Feb 17, 2007 9:59am
Comparison of BreakOut_Box_5 with DailyCandles configuration and daily candles.
Attached Image
  • #40
  • Feb 17, 2007 10:07am Feb 17, 2007 10:07am
Overlay of daily high/low boxes with daily open/close boxes.
Attached Image
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