Need Lines Indicator for 20/80 price levels

Doesn't it already do this?

If I understand you correctly, you need evenly spaced lines for SL, entry, TP1, TP2, TP3, ...... etc?

Now, the indicator will produce evenly spaced lines from any point.

Let's say (for long/buy trade):
SL is at 1.4050
Entry is 1.4070
TP1 is 1.4090
TP2 is 1.4110
TP3 is 1.4130

So you need 5 lines, spaced 20 pips apart, starting at 1.4050

Hence, set the parameters accordingly:
StartPrice = 1.4050
NumLines = 5
Spacing = 20
AboveBelow = A (use A for long/buy trade, use B for short/sell trade)

What am I missing?

I've just read your post again. Still not sure that I understand properly.

Are you saying that you want the StartPrice parameter to be the entry point for your trade?

If so, does the attached version suffice?

Hi hanover,

Very quick, & spot on. I really appreciate both the time & the effort involved...owe you.

hanover. Hmmmm.....at the risk of being a real pain in the derry air, and on a promise this will be the last request, could I ask for one more alteration?

You'll remember that I said I trade the pivot spaces? Put them on the chart with the 'SpaceLines' & it gets crowded. Not really a problem....I'm happy with crowds, they have more money then loners! My request is :
Could you code the entry price line, to enable the input of colour & style?
Take care

Sorry, I just noticed your post now. Hope you're still around to read this.

Is the attached OK?

Perfect....many thanks. What are you like at EA's?

I write EAs and indicators commercially. Software has been my career ever since I left high school in 1979.

I only take on jobs depending on my current workload. If a forum request looks like it will require < 30 mins work, or it might prove useful to me personally, then I'll sometimes tackle it, as a diversion.

Otherwise, paid work takes priority. Currently I'm backlogged with jobs for the next 3-4 weeks at least.

If a requirement is incomplete or unclear, or a job looks like it will involve lengthy exchanges with the client, then I avoid it like the plague. I don't want to be paid $100 for a 2 hour job that ends up taking 2 months because the client keeps changing his mind, or is a "Columbo client" ("there's just one more thing....").

[quote=hanover;2895102]I write EAs and indicators commercially. Software has been my career ever since I left high school in 1979.

A quick question....is it possible to 'merge' two scripts, or would you have to code a new script combining them both?
If they can be merged, would the result remain a script?

If the answer is yes to both....shoot me an email address, & I'll
heave them back at you for a visual.
Take care

You would need to create a new script, although (depending on the situation) you'd probably be able to copy/paste some code. The end result would be a script by default, but (with some minor modifications) you could compile it as an indicator if you want it to run repeatedly.

1. A script executes just once only, after which it automatically removes itself from the chart.
   
2. An indicator executes once with every new price tick, and you need to manually remove it from the chart, if/when you no longer want it to run.
   
3. An EA likewise. The major differences between an EA and an indicator are: (1) an indicator can not be used to place orders; and (2) you can have multiple indicators, but only one EA, per chart.

More info here and here.

I love the spaced lines indicator.

if you are still around / monitoring this thread, any chance of making this indicator with fixed lines i.e. the fib #s 144, 233, 377, 610, 987, and 1597

or just make the indicator so it can beput on chart multiple times.

thanks

Try the attached.

PERFECT,

thanks Hanover

Good indicators on this thread.

Thanks hanover , ure a legend ...

this was what i was requesting a couple of weeks ago ..
http://www.forexfactory.com/showthre...08#post3140808

And your last attachment helps a lot! Although it would be easier if i had 2 inputs at one go - i.e. A and B ... but not a big deal, i can place the indicator serveral times and make it work too!

Thanks a million!

Try the attached.

Re the million, I'll PM you the ID of my PayPal account.

OMG, hanover... exactly what i wanted!! thanks again, its awesome! made my life 100 times easier!

lol @ paypal... i wish i was rich enough to!

thanks for ure work mate, really appreciated!

Regards,
TD

1. Hanover, you are awesome... I like your Spacedlines-comoblejay It is possibile to add another 2 lines diferent color (like yellow) to a x and y pips (lets say 35 pips and 45pips) from the starting price, x and y should be changed by the user.

I have a strategy (ea) that use a sequence Of Trades of 6 entries using the following Lot Size progression: 0.1 - 0.1 - 0.2 - 0.3 - 0.4 - 0.7. I use sl35 and tp15. If I go long and stop loss is hit my ea reverses the order and goes short same sl15 and tp 35 if again the stop loss is hit my ea place a long order same sl15 tp 35. So my ea goes both sides long and short if the stop loss is hit one at a time with a diferent lot size.

In order for this ea to be profitable I have to place the order AFTER already there was a tight range of my stop loss(in this case 15pips) and bounced couple times already up and down. See atached pic, I entered in the transaction after the price bounced in the 15 pips range 4 times. I start to count from the last time when it came inside my 35 pips channel and stayed there... What do you think, I followed your posts and I can tell you are very smart and your advice is apreciated. I have to win 7 times to 1 loss to be profitable, but each sequence actualy is from placing 6 orders in both sides of the price.

It is becoming inefficient for me to maintain different versions of the indicator, to meet each individual's unique needs. The attached is an open-ended version, allowing user-defined price levels, colors and styles.

Download the EX4 file to the ...../experts/indicators folder.

If you want to enter the parameters via a parameter file, download the TXT file to the ...../experts/files folder.


Parameters:

ParameterFile - leave blank. For more info on how parameter files work, see the PARAMETER FILE section in post #1 here. The only difference is that the parameter file is named Presets---Spaced Lines.TXT instead of Presets---Recent News.TXT

StartPrice -
-- If a positive value, this value (price) will be used as the 'zero point' from which the lines are plotted
-- If zero, the current Bid price will be used as the 'zero point'
-- If negative value:
-1 = the current Bid price will be rounded to 1 decimal place, and used as the zero point
-2 = the current Bid price will be rounded to 2 decimal places, and used as the zero point
etc

PriceLevels - up to 100 levels may be entered, separated by commas
-- a zero value (0) will plot a line at the zero point
-- positive values (X) will plot a line X pips above the zero point
-- negative values (-X) will plot a line X pips below the zero point

LineColors - up to 100 values may be entered, separated by commas. These determine the color that will be used to plot the line at the corresponding entry in PriceLevels. If only one value is entered, all lines will be plotted in that color

LineStyles - up to 100 values may be entered, separated by commas. These determine the width/style that will be used to plot the line at the corresponding entry in PriceLevels. If only one value is entered, all lines will be plotted using that width/style. Valid values for style are: 10 = solid line of width 1; 11 = dashed line; 12 = dotted line; 13 = dash-dot; 14 = dash-dot-dot; 20, 30, 40, 50 = solid line of width 2, 3, 4, 5 respectively.


Example #1: to plot lines at round number levels 50 pips apart, with XX00 values as solid lines, and XX50 values as dotted lines:


Example #2: to plot dashed lines at XX20 and XX80 levels:


I don't have time to explain everything more fully than this. Experiment and post questions here.

waw.. promt answer, and I got exacly what I asked, God bless you Hanover, you made time for a stranger, and I am sure this indicator can acomodates any other personal preferences by any other users on this forum. You have a good heart. Thankyou.

I still have a question though, do you know of any ea or indicator which can count how many times price breaks out in a "n" number of pips starting from current price, not breaking an "m" number of pips, of course "n"<"m"? let's say how many times price breaks out 15 pips calculating backwards from the current price but not going lower or higher than 35 pips( i mean like 35 and -35 from the current price)? Hope you understand, english is not my first language.

Hi hanover, I would like to say thankyou very much for replying to my other thread.

Your indicator is exactly what I need and I much appreciate your work. Infact your excellent brain has created an indicator with enough flexibility that it is suitable for all. I admire your coding skill, I really do.

Is it possible to create templates of the parameter file in the same way that parameter templates work for Plot News? I tried to rename Presets---Spaced Lines to Presets---Spaced LinesJUP and also Presets---Spaced Lines.JUP and then entered JUP and .JUP into the parameter file option when loading the indicator, but it didn't locate the parameter file and defaulted to the settings in the indicator prompt.

I have project that will require a coder as and when MT5 comes online, approx 6 months from now, and that will be a paid project, I will certainly be contacting you about that.