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Candle Identifier indicator

  • #21
  • Mar 8, 2009 6:03pm Mar 8, 2009 6:03pm
It's already works, your file is ok, it just my MT4 problem. I can attach your indicator now.

cool indicator Hanover, thax a lot...
  • #22
  • Mar 10, 2009 5:19pm Mar 10, 2009 5:19pm
Hi guys..

thanks for the reply with regards the legend.
here`s another one for you.
after doing some reading is it possible to have the reversal bars filtered out by only identifying the reversal bars that form after at least two trending bars i.e. to up bars for a bearish reversal bar and two down bars for a bullish reversal. that would help identify a change of direction as we get loads of reversal bars especially through range bound times..

just more thoughts..thanks again and keep up the great work..
  • #23
  • Mar 13, 2009 7:17pm Mar 13, 2009 7:17pm
Wow I was studing Steve Nisons candle charting techniques and I thought I would see if somebody made an indicator for mt4. This far exceeded my hopes. Thank you very much Hanover.
  • #24
  • Mar 15, 2009 3:51pm Mar 15, 2009 3:51pm
thanks man to share i will test it
  • #25
  • Edited 5:14am Mar 16, 2009 1:35am | Edited 5:14am
Quoting ijcrump
Hi guys..

thanks for the reply with regards the legend.
here`s another one for you.
after doing some reading is it possible to have the reversal bars filtered out by only identifying the reversal bars that form after at least two trending bars i.e. to up bars for a bearish reversal bar and two down bars for a bullish reversal. that would help identify a change of direction as we get loads of reversal bars especially through range bound times..

just more thoughts..thanks again and keep up the great work..
Change the ShowMinLevelArrows parameter to 3, or possibly more. The arrow level (size) is determined by (i) the number of most recent candles whose lows are progressively higher, prior to a bearish reversal candle (and vice versa for bullish), and (ii) the maturity of the trend (close of the reversal candle is compared with the closes of 10 and 15 candles ago). The higher the number of candles, and/or the more mature the trend, the larger the arrow. Filtering out the smaller arrows will eliminate many of the weaker signals. Entering a '3' will supress the level (size) 1 and 2 arrows from being plotted; entering a '4' will suppress the level 1, 2 and 3 arrows, and so on.

[Edit] There are many other ways to filter out 'bad' signals: min/max candle height (too large, too small); lower probability session times (StartHour, EndHour parameters); Tolerances; Candle body shape/size; and so forth.
  • #26
  • Edited 3:06pm Apr 2, 2009 2:28pm | Edited 3:06pm
Version 1.02 introduces the Presets file. This allows you to set and save different settings for any parameter(s), for each individual currency pair and/or timeframe. So for example, you could set a different vertical spacing for each timeframe, or you could have different numbers of clearance or tolerance pips for different pairs and/or timeframes, or have email alerts sent for only H4 charts and above, and so on. All of these settings are saved, so that when you attach the indicator to a chart, the settings in the Presets file overrule those entered in Parameters dialog.

See the attachment below for some examples.

There's a bit of a learning curve involved, so please read the instructions in the Word doc (attached to post #1) carefully. Then try different parameter settings, and check the results on your charts.
Attached Image (click to enlarge)
Click to Enlarge Name: presets examples.GIF Size: 17 KB
  • #27
  • Apr 22, 2009 4:16am Apr 22, 2009 4:16am
Hanover, Your'e a star!!!
I cannot code at all so I am very greatfull for guys(and Gals) like you who
give us excellant presents like this.
I hope one day I can sit down and code something as good, only to offer
it back to the community in return.

Once again.. Many thanks to you and all the other great coders.
;-)
  • #28
  • Jul 25, 2009 1:16pm Jul 25, 2009 1:16pm
Oh Man..... This is real Selfless Service !
Another piece of Really Useful Stuff... i have seen many coded by you.

Thats really helpful and great... (Also seen you many times solving coding problems of many)
esp when i read many around in programming board charging 200$ for using their 15minutes of time .... !

The new version has really added flexibility to it...just applied n trying. Will bug you , just in case of any problem/issue.

Cheers hanover... God bless... !
Best Regards !
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #29
  • Jul 26, 2009 6:22am Jul 26, 2009 6:22am
Sir,
I have downloaded the indi, but I tried to attached , its not showing in my navigator. my MT4 is V222. Please help.
Thanks



Quoting hanover
[b][color=Red]Latest update: version 1.02, uploaded...
  • #30
  • Jul 26, 2009 6:52am Jul 26, 2009 6:52am
Quoting woleadu
Sir,
I have downloaded the indi, but I tried to attached , its not showing in my navigator. my MT4 is V222. Please help.
Thanks
If you copy the EX4 file to the ...../experts/indicators folder, and then exit and re-start MT4, it should show in the 'Custom Indicators' tree in the Navigator. This is true for all indicators.

However, there may be problems with Windows Vista accessing files under the Program Files folder. I only use Windows XP myself. If you are using Vista, and your MT4 is installed somehwere under Program Files, then I'm not sure how to solve this problem, short of reinstalling MT4 somewhere else. Perhaps another Vista user could help?

If you're using Vista, have you had problems installing other indicators, and how did you solve the problem? Candle Indentifier is no different to any other indicator.
  • #31
  • Jul 27, 2009 3:41am Jul 27, 2009 3:41am
Thanks for your reply, but after the download, this is the only thing that appears in my metalEditor window even for recent candle indi

EX4


Quoting hanover
If you copy the EX4 file to the ...../experts/indicators folder, and then exit and re-start MT4, it should show in the 'Custom Indicators' tree in the Navigator. This is true for all indicators.

However, there may be problems with Windows Vista accessing files under the Program Files folder. I only use Windows XP myself. If you are using Vista, and your MT4 is installed somehwere under Program Files, then I'm not sure how to solve this problem, short of reinstalling MT4 somewhere else. Perhaps another Vista user could help?

If you're using...
  • #32
  • Jul 27, 2009 4:55am Jul 27, 2009 4:55am
Quoting woleadu
Thanks for your reply, but after the download, this is the only thing that appears in my metalEditor window even for recent candle indi

EX4
Sorry, when you mentioned 'Navigator' in post #29, I assumed that you meant MT4's Navigator, as opposed to MetaEditor's.

The EX4 can be run from MT4's Navigator; dragging the 'Candle Identifier' icon onto any chart will attach the indicator to the chart.

You can not load an EX4 (executable file) into MetaEditor. You need the MQ4 (source code) file, to make modifications, and you must then recompile it to have the modifcations included in the new executable. Sorry, but the MQ4 source code for Candle Identifier is not available.
  • #33
  • Jul 27, 2009 5:41am Jul 27, 2009 5:41am
Sir, Im trying to run it from MT4 Navigator, Ive downloaded it several times, and save it to the expert/indicator folder, but its not showing in my MT4 navigator.I need this indi, I believe it will help me alot in my learning process. thanks

Quoting hanover
Sorry, when you mentioned 'Navigator' in post #29, I assumed that you meant MT4's Navigator, as opposed to MetaEditor's.

The EX4 can be run from MT4's Navigator; dragging the 'Candle Identifier' icon onto any chart will attach the indicator to the chart.

You can not load an EX4 (executable file) into MetaEditor. You need the MQ4 (source code) file, to make modifications, and you must then recompile it to have the modifcations included in the new executable. Sorry, but the MQ4 source code for Candle Identifier is not available.
  • #34
  • Jul 27, 2009 7:56am Jul 27, 2009 7:56am
Quoting woleadu
Sir, Im trying to run it from MT4 Navigator, Ive downloaded it several times, and save it to the expert/indicator folder, but its not showing in my MT4 navigator.I need this indi, I believe it will help me alot in my learning process. thanks
I have no idea what your problem is with it, it works fine for me and a lot of my PC's run on Vista. Are you sure your putting it in the correct Metatrader folder? (If you have multiple version of metatrader downloaded) because I am an absolute caveman when it comes to computers in general.

@ Hanover,

Firstly, thanks once again for a fine piece of helpful programming.

I was wondering is there any way I could tinker with the parameters to make it show DBLHC and DBHLC in the strictest J16 definition.

eg.

DBHLC - A high exactly the same (one pip maximum difference) as the previous high, AND a lower close than the previous close.

DBLHC A low exactly the same (one pip maximum difference) as the previous low, AND a higher close than the previous close.


I was wondering if there was any way I could make that because at the moment every double high/low regardless of close or bull/bear candles is plotted.

I have provided a chart to describe what I mean, apologies for the size of it as I am currently on a train across Ireland and trading from a 10inch webbook far away from the luxury of my 6 22inch screens

Take care, and thanks again. The Indicator is especially useful for watching multiple pairs on small screens such as this.
Attached Image (click to enlarge)
Click to Enlarge Name: dblhc.jpg Size: 82 KB
  • #35
  • Edited 3:55pm Jul 27, 2009 2:43pm | Edited 3:55pm
@woleadu: I don't know why you're experiencing a problem. The indicator has apparently been downloaded by more than 750 people, and nobody else has reported this kind of error. As far as I know, the latest version of MT4 is build 225. Perhaps you could try reinstalling MT4, and upgrading to the latest version.

@Jigsaw: Currently it doesn't test for the 'HC' part of DBLHC (and vice versa). I'll add this feature in the next release, when I get some time. A long time ago I recall seeing an indicator (probably in the J16 chart thread) that highlighted DBLHCs, and also other J16 patterns.
[EDIT] For a J16 DBLHC, does the close of the second candle have to be higher than both the open and the close of the first candle (given that the first might be a 'bear' candle, i.e. its close is lower than its open)?
[EDIT]Please try the attached. If you load the .txt file into your ...../experts/files folder, then the parameters should be correct for DBHLC and DBLHC, at least my understanding of the way you described it. Let me know of any necessary fixes. If all is OK, I will post this as the new version (v1.03) back in post #1.
Attached File(s)
File Type: txt Presets---Candle Identifier.txt   4 KB | 3,309 downloads
File Type: ex4 Candle Identifier.ex4   43 KB | 4,714 downloads
  • #36
  • Jul 27, 2009 2:53pm Jul 27, 2009 2:53pm
Quoting hanover
@woleadu: I don't know why you're experiencing a problem. The indicator has apparently been downloaded by more than 750 people, and nobody else has reported this kind of error. As far as I know, the latest version of MT4 is build 225. Perhaps you could try reinstalling MT4, and upgrading to the latest version.

@Jigsaw: Currently it doesn't test for the 'HC' part of DBLHC (and vice versa). I'll add this feature in the next release, when I get some time. A long time ago I recall seeing an indicator (probably in the J16 chart thread)...
Hanover,

Appreciate your swift reply, I should have all of them downloaded somewhere as I have read the J16 thread several times, so I am sure it must be lurking around on a Metatrader folder somewhere back home. Looking forward to the next release whenever you get around to it.

Best Regards and thanks again,
Thomas
  • #37
  • Jul 27, 2009 3:56pm Jul 27, 2009 3:56pm
Quoting Jigsaw
Hanover,

Appreciate your swift reply, I should have all of them downloaded somewhere as I have read the J16 thread several times, so I am sure it must be lurking around on a Metatrader folder somewhere back home. Looking forward to the next release whenever you get around to it.

Best Regards and thanks again,
Thomas
Please see the edits to my prior post. Try out the proposed new version, and let me know if it meets the J16 requirement.
  • #38
  • Jul 29, 2009 6:23am Jul 29, 2009 6:23am
Jeez,

My apologies Hanover I swore I had replied to this within an hour of you posting :|.

I described it incorrectly in my post above, (used to trading them but not used to putting it into words I guess heh) the DBHLC - the LC bit is a close lower than the previous candles low. The DBLHC - The HC bit is a close above the previous bars high.

Chart attatched.

Thanks again, and apologies for the confusion.

Regards,
Thomas
Attached Image (click to enlarge)
Click to Enlarge Name: hanoverchart.png Size: 18 KB
  • #39
  • Jul 29, 2009 4:46pm Jul 29, 2009 4:46pm
Quoting Jigsaw
Jeez,

My apologies Hanover I swore I had replied to this within an hour of you posting :|.

I described it incorrectly in my post above, (used to trading them but not used to putting it into words I guess heh) the DBHLC - the LC bit is a close lower than the previous candles low. The DBLHC - The HC bit is a close above the previous bars high.

Chart attatched.

Thanks again, and apologies for the confusion.

Regards,
Thomas
Try the attached. Let me know if it's working correctly, and I'll update post #1 accordingly.

The important parameter settings are:

  1. DBL_TOPS_BOTS = true; (switch dbl tops/bottom facility on)
  2. DoubleTBTolerance = 1; (only 1 pip diff allowed betw DBL/DBH)
  3. DoubleTBLookback = 1; (comparison made only with immed prev bar)
  4. DoubleTBBarsGap = 0; (no intervening bars)
  5. DoubleTBWiderClose = true; (apply J16 HC/LC test)

Attached File(s)
File Type: ex4 Candle Identifier.ex4   43 KB | 4,673 downloads
  • #40
  • Jul 29, 2009 5:51pm Jul 29, 2009 5:51pm
Quoting hanover
Try the attached. Let me know if it's working correctly, and I'll update post #1 accordingly.

The important parameter settings are:

  1. DBL_TOPS_BOTS = true; (switch dbl tops/bottom facility on)
  2. DoubleTBTolerance = 1; (only 1 pip diff allowed betw DBL/DBH)
  3. DoubleTBLookback = 1; (comparison made only with immed prev bar)
  4. DoubleTBBarsGap = 0; (no intervening bars)
  5. DoubleTBWiderClose = true; (apply J16 HC/LC test)

Loaded it up just there now and it's perfect.

Thanks again !

Regards,
Thomas
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