Can anyone make this Indicator for Spudfyer? | Forex Factory

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Can anyone make this Indicator for Spudfyer?

  • #1
  • First Post: Edited 6:16am Nov 12, 2008 2:54am | Edited 6:16am
Hello

I'm just putting this out there if anyone wants to help out...

I don't know if you've seen any of Spudfyers threads but he's been a valuable contributor to this froum for many years...

In his new thread he has a requested an indicator to be made but I don't think he's had a response yet - here is ther post with what he wants...

http://www.forexfactory.com/showpost...&postcount=274

so if anyone wants to take on this project it would muchly appreciated, you will certanly be a hero on the thread

Thanks guys

PM me if you decide to start working on it thanks
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  • #2
  • Nov 12, 2008 3:21am Nov 12, 2008 3:21am
I forgot to mention that the cross over he's talking about is the %k line of the stochastic on both the 5m and 15m. In his method we don't use the %D line.

Cheers
Time hides Nothing
  • #3
  • Nov 12, 2008 3:24am Nov 12, 2008 3:24am
Stochastic Settings...

5m: 14,1,1
15m: 14,3,3
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  • #4
  • Nov 12, 2008 10:59am Nov 12, 2008 10:59am
I'll see what I can do. but it's gonna take me a while to read through that thread.
Programming for a better future.
  • #5
  • Edited 2:22pm Nov 12, 2008 11:54am | Edited 2:22pm
Quoting Zen_Leow
I'll see what I can do. but it's gonna take me a while to read through that thread.
What can I say but THANK YOU

BTW I don't know if you need to read the whole thread if you don't want to... The indicator just basically has to give an Alert when the last closed 5m %K stochastic line has crosses the last closed 15m %K Stochastic

Incase you do decide to read it It's one of the best threads (trading methods) I've seen so if you're a trader as well I think you will very much enjoy it.

Thanks Again for having a look.
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  • #6
  • Nov 12, 2008 4:11pm Nov 12, 2008 4:11pm
Quote
What is required is an alert when the current M5 stochastic closes above the last closed M15 stochastic or below the last closed M15 stochastic. The prerequisite is that for an M5 close above the M15, the M5 had to be lower than the M15 stochastic. Vice versa the other way.

You would additionally have to have to limit the alert to above 80 and below 20 or it will be ringing of the wall at every cross point from 1-100 imo.

Spud has a very good system using a well known indicator. I have read his thread and tried it out. As I see it, you would be using stochastics to scalp short term with the 5M and 15M. And there's a million scalping methods already. But I'm not sure this was his intention as he had larger timeframes involved in his plan. So if the higher time frames (1HR & up) are included into the system for the larger picture, and lets say they are in the red, it may be a great time to go long, but on the flip side this may represent underlying currency weakness and work against you. It seems like there are two different trading strategies presented here, and each one requires a different approach for alerts etc. Rgrds.
  • #7
  • Nov 12, 2008 10:59pm Nov 12, 2008 10:59pm
Quoting NthDegreeDbf
You would additionally have to have to limit the alert to above 80 and below 20 or it will be ringing of the wall at every cross point from 1-100 imo.
I think actually it just needs to be after the M5 has hit a trigger point (<10% > 90%)

So for example M5 hits above 90% and then the alert needs to sound on the first crossover after that. and not alert again on any crossovers until another trigger is hit.

But if we get the basic indicator made first then others can modify it I guess.

It's not like I want anyone to go out and spend days of their precious time on this.
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  • #8
  • Nov 13, 2008 10:28am Nov 13, 2008 10:28am
coding the alert is quite easy actually. the logic is simple. if you just want something that works on the background and sound off when that scenario occurs, it can be snapped up in minutes.

Its the visual component of the indicator that's the "challenge". I'll work on it this weekend.
Programming for a better future.
  • #9
  • Nov 13, 2008 8:47pm Nov 13, 2008 8:47pm
Quoting Zen_Leow
coding the alert is quite easy actually. the logic is simple. if you just want something that works on the background and sound off when that scenario occurs, it can be snapped up in minutes.

Its the visual component of the indicator that's the "challenge". I'll work on it this weekend.
Ok - I really appreciate this cheers. Let's start with the simple alert for now. If you can make the visual part well that's just great.
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  • #10
  • Nov 15, 2008 1:44pm Nov 15, 2008 1:44pm
Here's what I have so far.

Currently this can ONLY be attached to the 5 minute chart. It will draw the 5M stochastic main line and plot out 15M stochastic in little "x"s. Green and Red arrows are also drawn to mark out the valid crosses.

Remember this only works on 5M charts. I'm working on allowing it to be multi timeframe supported. But that's gonna take a while.

Audio alert will only sound ONCE after a confirmed cross has occurred. meaning the candle has closed like how Spudfyer wanted.

I don't quite understand the "When the M5 closes above we want to track it until price has gained 10 pips. " portion... Logic wise it's possible to track price on the background, but I don't think it can be shown on the indicator window for the previous crosses since they're already over...

Let me know if there's any bugs to fix.

regards,
Zen
Attached File(s)
File Type: mq4 Stochastic_5M+15M.mq4   8 KB | 408 downloads
File Type: ex4 Stochastic_5M+15M.ex4   7 KB | 308 downloads
Programming for a better future.
  • #11
  • Nov 15, 2008 7:26pm Nov 15, 2008 7:26pm
You're an absolute champion thanks Zen. I will have to wait until the market opens to test it out, thanks so much - can't wait to try it
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  • #12
  • Nov 15, 2008 8:23pm Nov 15, 2008 8:23pm
It looks really cool what you've done - the x's tracking the 15 are a great touch - can't wait for the live market

Cheers
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  • #13
  • Nov 15, 2008 9:14pm Nov 15, 2008 9:14pm
no worries, I've posted it on the main thread too so that more people can help with the testing.
Programming for a better future.
  • #14
  • Last Post: Nov 15, 2008 10:47pm Nov 15, 2008 10:47pm
Quoting Zen_Leow
no worries, I've posted it on the main thread too so that more people can help with the testing.
I noticed that thanks
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