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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)

  • #41
  • Apr 10, 2007 3:31pm Apr 10, 2007 3:31pm
Quoting irusoh
Here is a compiled version of indicator, so try this one if doesn't work.
Hi Irusoh

Tx, I've downloaded the files on this post and now it is working. Looking great!!!

See you on skype.
Willem Forex recipe for success = Patience, discipline & hard work.
  • #42
  • Apr 11, 2007 4:37am Apr 11, 2007 4:37am
Working great now
Thanks
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #43
  • Apr 11, 2007 6:06am Apr 11, 2007 6:06am
Very nice irusoh! Thanks a million.
  • #44
  • Apr 11, 2007 11:11pm Apr 11, 2007 11:11pm
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.
Where would one install this file please. I am new to Meta Trader 4. Thank you.
AFTAB Time Will Tell & Price Will Show
  • #45
  • Apr 12, 2007 1:08am Apr 12, 2007 1:08am
Hi, Irusoh

Thank you for your work. The new indicator is working fine.
When I visited the chat room started by Phil, I saw you discussing some new idea for revised indicator. I simply admire your effort.
  • #46
  • Apr 12, 2007 8:37am Apr 12, 2007 8:37am
Quoting aftab
Where would one install this file please. I am new to Meta Trader 4. Thank you.
Copy mq4 and ex4 files to metatrader/experts/indicators. You need to find your metatrader directory in program files folder. Then open MT.
  • #47
  • Apr 13, 2007 6:25am Apr 13, 2007 6:25am
Quoting irusoh
Copy mq4 and ex4 files to metatrader/experts/indicators. You need to find your metatrader directory in program files folder. Then open MT.
Thank you it working brilliantly.
AFTAB Time Will Tell & Price Will Show
  • #48
  • Apr 13, 2007 1:29pm Apr 13, 2007 1:29pm
HI

This is probably a stupid request but is it possible to have a 4H MACD style indicator on the 4H chart which is set to show the 1H?

If it is possible I would appreciate it please.

Thanks

SP
  • #49
  • Apr 14, 2007 10:42am Apr 14, 2007 10:42am
Quoting stockpick
HI

This is probably a stupid request but is it possible to have a 4H MACD style indicator on the 4H chart which is set to show the 1H?

If it is possible I would appreciate it please.

Thanks

SP
I don't think it's possible, since there 4 H1 bars in one H4 bar.
It's much easier just to change the frame.
  • #50
  • Apr 14, 2007 4:02pm Apr 14, 2007 4:02pm
Hi irusoh

Thanks for the reply.

I have attached a picture has the 4H with an indicator which is showing the 1H macd, I think you can set it to any period.

Thought it might be on interest, the one I loaded is in develpment and is exe.

Not my work.

Is this any good, I think it shows you can show a different time period, but the I might be wrong.

Thanks for taking the time to respond

SP
Attached Image
  • #51
  • Apr 14, 2007 8:17pm Apr 14, 2007 8:17pm
Ok, here you have it. But it doesn't show the price action. to me its' better to switch and see a full picture.
  • #52
  • Apr 16, 2007 1:24am Apr 16, 2007 1:24am
Quoting irusoh
Ok, here you have it. But it doesn't show the price action. to me its' better to switch and see a full picture.

Thanks for the reply but there is no attached file to download.

Could you attach please.

Thanks

SP
  • #53
  • Apr 19, 2007 1:43am Apr 19, 2007 1:43am
Hi-

Thanks for this great little ditty.....but I have a question.

How do I change the settings for a currency pair to 8/21/1 - clearly on some pairs the 5/13/1 settings on the MACD do not work as well (as Phillip has suggested for the AUDUSD for instance).

I have tried but am unable to change the settings on the MACD on your program.....
  • #54
  • Apr 19, 2007 3:10pm Apr 19, 2007 3:10pm
Quoting pip_bagger
Hi-

Thanks for this great little ditty.....but I have a question.

How do I change the settings for a currency pair to 8/21/1 - clearly on some pairs the 5/13/1 settings on the MACD do not work as well (as Phillip has suggested for the AUDUSD for instance).

I have tried but am unable to change the settings on the MACD on your program.....
Since Phillip's system stipulates 5/13/1 I removed these from external vars to reduce clutter of input parms. So now they are hard coded inside indicator.

If you want them back just change:

int FastEMA=5;
int SlowEMA=13;

to

extern int FastEMA=5;
extern int SlowEMA=13;

and then recompile.
  • #55
  • Apr 29, 2007 8:48am Apr 29, 2007 8:48am
Thanx Irusoh! What a good indicator... I'm testing it..and so far so good. Hope to get more pips for this coming week. Great job!!
  • #56
  • Apr 29, 2007 9:00am Apr 29, 2007 9:00am
Quoting hishammarmin
Thanx Irusoh! What a good indicator... I'm testing it..and so far so good. Hope to get more pips for this coming week. Great job!!
My modest contribution to MACD strategy.
  • #57
  • Edited 12:24am Apr 30, 2007 12:03am | Edited 12:24am
Hi all,

Since I've been using Phil Nel's 4HR strategy with this indicator, it's been wonderful! Many thanks to irusoh!!

One of my biggest frustrations with this indicator thus far has been that the levels of 15, 30, and 45 are great for EURUSD, but when you move to a larger pair the levels are far too close together (such as GBPCHF), and far too far apart when you move to a smaller pair like AUDUSD. So every time I load on these, I have to manually input more appropriate numbers (and every time I switch TF's, etc.)... that gets old fast!

So, to remedy this, I created variable levels for the indicator. I took a base average price for EURUSD of 1.30 and levels of 15/30/45, and calculated the levels off of that. All pairs should have the same proportional distance.

Also, another change I made. I like the idea of being able to have a signal line on MACD, even if it's small like 3 for the 5,13 settings. But I also love having the histogram outline that the signal line value of 1 produces. So I drew a permanent border around the histogram, and left the signal line as a separate line that you can now use if you want.

I use light backgrounds so the colors are meant for this. If you want different default values just change the values in the code.

I hope you all enjoy this! Let me know how it works for you......

EDIT: Updated about 20 mins after posting... The JPY pairs were not being set correctly. Fixed.
Attached File(s)
File Type: mq4 MACD_Colored_v104.mq4   16 KB | 4,748 downloads
File Type: ex4 MACD_Colored_v104.ex4   21 KB | 3,209 downloads
  • #58
  • Apr 30, 2007 6:53am Apr 30, 2007 6:53am
Quoting JoshDance
Hi all,

One of my biggest frustrations with this indicator thus far has been that the levels of 15, 30, and 45 are great for EURUSD, but when you move to a larger pair the levels are far too close together (such as GBPCHF), and far too far apart when you move to a smaller pair like AUDUSD. So every time I load on these, I have to manually input more appropriate numbers (and every time I switch TF's, etc.)... that gets old fast!
Very nice work!

Working with levels was my first attempt to address this problem, since I look a lot at day frames as well as 15 minute frames, but I didn't take into account JPY pairs. My goal here was the same as yours make it possible to look at levels as comfortable as possible.
The addidtion of signal line will aid some people.
Those who don't want to see it, change signal parm to 1 and color to silver same as border.

I will save this version for future work if necessary.
I wasn't planning to do much changes to this indicator, so people are welcome with improvements.
  • #59
  • May 6, 2007 6:00pm May 6, 2007 6:00pm
i take it that for the signals on the 104v. That the bar they appear under is not the entry bar but rather the close of the next bar? Or entry at open of next bar. I am confused about this.


jms
  • #60
  • May 6, 2007 10:08pm May 6, 2007 10:08pm
Quoting geneticsjms
i take it that for the signals on the 104v. That the bar they appear under is not the entry bar but rather the close of the next bar? Or entry at open of next bar. I am confused about this.


jms
Seems that some are that way, like TC, for example. But I would advise studying the signals and know how to apply them.... it's not easy, and you must pay attention to a LOT more than the MACD with Phil's system. So you can pretty much forget the text labels, as they are helpful but ultimately you must decide what they represent. This is definitely not a mechanical system.
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