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Indicator for more than one pair required

  • #1
  • First Post: Aug 19, 2009 9:01am Aug 19, 2009 9:01am
  •  Ure
  • | Joined Jul 2009 | Status: Let the trade come to you | 21 Posts
Hello,

Anyone knows an indicator which can show the price action of more than one pair in the form of line of candlestick?

Thanks in advance,
Ure
  • #2
  • Aug 20, 2009 4:18am Aug 20, 2009 4:18am
Maybe this one can be useful for you: http://mt4indicator.com/index.php?mo...&do=View&id=32
  • #3
  • Aug 20, 2009 6:03am Aug 20, 2009 6:03am
  •  Ure
  • | Joined Jul 2009 | Status: Let the trade come to you | 21 Posts
Hey VolumeTrader,

Your response is appreciated!

This indicator is not what I'm looking for. I've tried it.

I says in its description "This indicator draws charts for any other products in his window, so you do not need to open several windows to monitor several products."

Whereas what I'm looking for is an indicator like a moving average but instead of calculating values from a single pair, it should combine values from a particular number of pairs.

Let's take EU, GU, UJ in the daily time frame as an example. The close prices of these pairs yesterday were 1.4223, 1.6529 & 94.07 in order. The UJ would be divided by hundred and then we'll take the average of them. (1.4223 + 1.6529 + 0.9407) / 3 = 1.3386.

Regards,
Ure
  • #4
  • Aug 20, 2009 7:30am Aug 20, 2009 7:30am
Here's an indicator that's created based on your example.

you can use the same indicator on other pairs but note that you MUST name the pairs exactly as how your broker names them.
And if you need to get a pair to divide by 100, set its inverse flag to true.

btw, I think "inverse" is a wrong choice of words since dividing it by 100 isn't inversing it.

e.g. USDJPY = 94.07

1 USD = 94.07 YEN
1 YEN = 1 / 94.07 = 0.01063038163070054214946316572765 USD

but hey, its your indicator... so probably this math isn't what you're looking for.

Oh, it is also best to first open the charts of all the pairs you want this indicator to calculate, this ensures your MT4 client has the data ready for calculation.

The indicator is tested and proven to be working. if it doesn't work for you, read the above paragraphs again. post here if you don't understand anything.

regards,
Zen
Attached File(s)
File Type: mq4 Multipair_Average_Indicator.mq4   3 KB | 649 downloads
Programming for a better future.
  • #5
  • Aug 20, 2009 9:01am Aug 20, 2009 9:01am
  •  Ure
  • | Joined Jul 2009 | Status: Let the trade come to you | 21 Posts
Hey Zen,

I liked it. Thank you very much!
Quoting Zen_Leow
btw, I think "inverse" is a wrong choice of words since dividing it by 100 isn't inversing it.
I think the same, therefore I replaced "Inverse" by "Decimal_Adj", means adjustment, in the source code. I also added USDCAD to try it out, and guess what, it worked.

If I have some more questions or issues, I may gratefully ask you again.

You can find the new version attached below.

Thank you again,
Ure
Attached File(s)
File Type: mq4 Multipair_Average.mq4   3 KB | 489 downloads
  • #6
  • Aug 20, 2009 10:03am Aug 20, 2009 10:03am
perhaps you would like to enlighten the rest of us how you intend to make good use of this indicator?
Programming for a better future.
  • #7
  • Aug 20, 2009 6:35pm Aug 20, 2009 6:35pm
  •  Ure
  • | Joined Jul 2009 | Status: Let the trade come to you | 21 Posts
Quoting Zen_Leow
perhaps you would like to enlighten the rest of us how you intend to make good use of this indicator?
Sure! Since you asked, I'd be honest with you.

I've been trading forex for a while based on technical analysis before a came across a trading system developed by a member of this forum. It looked creative and I liked to give it a try. However, the thread in which the system was explained has several issues which made it too boring to me to read it all. It's very loooooooooooooooooong, but still I'd have read it if I had not found that even the first post by the author was vague. So I didn't go beyond 3 pages since those pages had failed to clarify just one of the issues.

After that I posted a question but the author asked people like me to read all the thread, everything including the "crap", as he stated IIRC. I believe it is full of it.

I didn't find about his reply till sometime later, and then I wrote to him about something and he referred me to page 4 and blocked me from posting in the thread. His reference was good, but his language didn't feel right.

My opinion for a case like that is to open a new thread in order to freshly explaining the system with taking into consideration the corrections made, important questions asked as well as any additional creative idea given by the users of the system, rather than asking people to read "craps".

Oh, I've forgot. The answer to your question is that I'm trying figuring out the system or some system out of that.

I'm not sure if it would be useful to mention some particular details here. I'm quite fine with whatever the situation is, plus I've been a successful trader any way.

If you wanna know more, I don't mind telling you.

Regards,
Ure
  • #8
  • Aug 25, 2009 5:47am Aug 25, 2009 5:47am
  •  Ure
  • | Joined Jul 2009 | Status: Let the trade come to you | 21 Posts
Hello Zen,

Hope this finds you well!

In my observation of two groups of pairs with this indicator, I’ve noticed they move almost always at the same direction.

Could you help me making up an indicator which reflects a profit/loss performance of a group of already-open positions?


Regards,
Ure
  • #9
  • Sep 3, 2009 8:07pm Sep 3, 2009 8:07pm
  •  Ure
  • | Joined Jul 2009 | Status: Let the trade come to you | 21 Posts
Anyone can help in this?

Thanks,
Ure
  • #10
  • Sep 4, 2009 2:04am Sep 4, 2009 2:04am
Quoting Ure
Anyone can help in this?
Could you give an example of two certain pairs with actual OHLC values and what is your idea of displaying their candles on the same chart considering different pair prices?
  • #11
  • Sep 4, 2009 5:01am Sep 4, 2009 5:01am
  •  Ure
  • | Joined Jul 2009 | Status: Let the trade come to you | 21 Posts
Hi Irtron,

I'm not sure I got you right, but here is what I want the indicator to do.

Let's say I'm currently longing GU and AU and shorting EC, and my profit column shows -300 for GU, 1000 for AU and 3800 for EC at a given time. I want the indicator to show the total profit/loss of these running trades, which is in this case 4500 at the same given time.

This has to be dynamic of course. An hour later it might be 4000 and later on maybe 5000.

If the index style can be a candlestick rather than a line, it would be excellent. Then it can show the OHLC for a standard period of time. Otherwise line is still OK.

I trust I made it clear enough, if not please let me know.

Thank you very much,
Ure
  • #12
  • Sep 4, 2009 5:18am Sep 4, 2009 5:18am
Quoting Ure
I trust I made it clear enough
Yep, much better now. Quite possible to implement.

Please check your PM.
  • #13
  • Sep 4, 2009 5:57am Sep 4, 2009 5:57am
  •  Ure
  • | Joined Jul 2009 | Status: Let the trade come to you | 21 Posts
Quote
Hello Ur

i read your thread here
http://www.forexfactory.com/showthread.php?p=3022951

Can you kindly share what system r u working on? and details?
is it the hedge and correlation based trade system?

i am also working on some similar, if thats so...so thats why asking

Looking forward
Regards
A friend of us has sent me the above private message, and I prefer to reply to it in public for a reason.

My reply is yes, it's sort of hedge and correlation system, and the reason is as the following.

I just thought what could be the reason why I didn't get a reply for 10 days. That's the gap between post # 8 and post # 10 in this thread. I thought post # 7 might have been got wrong. Some very helpful guys in the forum might have thought I'm trying to conceal a good strategy from them. I'm not sure though, but let me say something.

I'm not in need to use anyone's trading strategy, because I'm already very successful in my trading using technical analysis. Yes, I may come across a good strategy which I wanna test or even adapt. Why not?

I also respect the rules in the forum, and at the same time I don't know many details in them.

I came across a strategy published in this forum and found the author not very helpful. I didn't understand the strategy and didn't like the guy's attitude, and I said "forget it. I don't need it". After that I thought it might be useful to try to figure it out (or perhaps a more suitable strategy) away from that guy and his boring 166-page thread.

I just don't wanna mention his name, but if you want, you can find him easily.

Hope this clarifies the matter.

Ure
  • #14
  • Sep 4, 2009 7:20am Sep 4, 2009 7:20am
I accidentally come across what you are posting here and off the bat I will say you are pathetic.

You open this thread for help by some other willing programmers to help you in your quest in the process you are trying to portray yourself as some ignored, mistreated member of the forum.

You know what, if people look at your very letter will understand how LAZY you are. You come into this guys thread never read 5 pages of it and you declare it is boring. Then you start asking questions without even reading. Your question was answered by referring you to Page 4 of his thread. Then you hate the guy’s attitude. You are some piece of work.

A good analogy for you is you are like a person coming to someone’s house without invitation, then asked where the food is and how to eat his food then ask the person to spoon-feed you. The guy was upset because there is an instruction at the door saying where the food is and how to eat it, but you did not read it because it is boring and loooong. That’s what you are. And now you are telling everyone this guy has a bad attitude.

Now you are saying you are successful traders and you have a system, WHY ARE YOU HERE? Go and use your successful system somewhere, rather than bashing some Senior Member who have help a lot of people in this forum.

The guy you are bashing has been here helping other traders so much longer before you even know this forum. Look at you, you have 13 posts and about half of that is telling how your being “mistreated”. Is telling you to read mistreatment? Is telling you to read, a bad attitude? What planet you came from?

Now you are presenting yourself like you have a strategy taken from this guys thread and saying you don’t want to copy others peoples system. Be real. You want help (I think so) say it and ask nicely and stop referring to other people.

I am using this guy’s strategy and I am harvesting tons of pips for your information. I e-mail him my question and he answered them promptly because I know how to ask and I have read his system cover to cover. Meaning I can relate to him, he even opens a free forum at my urging. How’s that for a guy with a “bad attitude”?

You are the same kind of people that drive the senior, professional traders away from Forex Factory.

Joven
  • #15
  • Sep 5, 2009 3:34pm Sep 5, 2009 3:34pm
  •  Ure
  • | Joined Jul 2009 | Status: Let the trade come to you | 21 Posts
Quoting Dkny
I accidentally come across what you are posting here and off the bat I will say you are pathetic.

You open this thread for help by some other willing programmers to help you in your quest in the process you are trying to portray yourself as some ignored, mistreated member of the forum.
dkny, by reading your above 2 paragraphs, I don't see you understood what I'm talking about. Anyway, I do not take the type of language you've used and am not interested either in reading the rest of the post or arguing with you. You can keep your opinions about me and the whole matter for sure if you want.

Ure
  • #16
  • Sep 5, 2009 10:34pm Sep 5, 2009 10:34pm
In a simple language you understand, and with your 14 posts (not a single one of it help any member) YOU DID NOT EARNED ANY RIGHT to criticize Trader 101. A Senior member who have earned every right to correct LAZY people like you.

You should be ashamed of yourself. Also I hope other Senior members will teach you respect. I hope all your pips be negative.

Joven
  • #17
  • Edited 1:05am Sep 6, 2009 1:04am | Edited 1:05am
I personaly understand frustrations of not getting answers to questions on one side but many people dont appreciate what some traders who share info on FORUMS

YOUR STARTED OUT HONESTLY ASKING FOR HELP BUT REDUCED THIS to AIRING
YOUR OWN FRUSTRATIONS , WHICH IS SAD, BECAUSE YOUR ORIGINAL IDEA OF A MULTI CURRENCY CANDLE INDICATOR WAS GOOD

IN FACT the thread i believe you were discusing is a great thread an the originator is one of the Forex great givers whom i admire , so it is sad for me to think your own personal frustrations are aired this way

i critizes your actions not yourself

i think these indicators may help you in your quest to find what you are looking for in the future , i wish it was your original request, but maybe someone can use these to help you accomplish your goal

Please respect other givers on this forum as you and all FORUM CONTRIBUTORS DESERVE THE SAME RESPECT

God bless you

FROM Brian
Attached File(s)
File Type: zip indexes.zip   177 KB | 516 downloads
  • #18
  • Last Post: Sep 6, 2009 4:23am Sep 6, 2009 4:23am
  •  Ure
  • | Joined Jul 2009 | Status: Let the trade come to you | 21 Posts
Quoting brijon
I personaly understand frustrations of not getting answers to questions on one side but many people dont appreciate what some traders who share info on FORUMS
Not really that great frustration you might have imagined. I just came across it and had curiosity about it. If I’d not get it, my equity would not reverse its steady monthly rise. And I appreciated what that guy shared in the forum, but later on I didn’t like his attitude.

Quoting brijon
YOUR STARTED OUT HONESTLY ASKING FOR HELP BUT REDUCED THIS to AIRING
YOUR OWN FRUSTRATIONS , WHICH IS SAD, BECAUSE YOUR ORIGINAL IDEA OF A MULTI CURRENCY CANDLE INDICATOR WAS GOOD
Not really. I was just being honest with Zen because he wanted to know why I wanted that indicator. I just told him the truth. No extra meaning was intended.

Quoting brijon
IN FACT the thread i believe you were discusing is a great thread an the originator is one of the Forex great givers whom i admire , so it is sad for me to think your own personal frustrations are aired this way

i critizes your actions not yourself
I can see you’re objective and it was just an honest answer to Zen. Otherwise, I had no time to just talk about the guy’s attitude.

BTW, there are some members sending me PMs much more aggressive about what they find in that guy’s attitude. I have been polite with him, respecting the forum's rules and environment, and had no interest in taking things personally. You know, when you’re not needy, you have no problem, don’t you?

Quoting brijon
i think these indicators may help you in your quest to find what you are looking for in the future , i wish it was your original request, but maybe someone can use these to help you accomplish your goal
I highly appreciate. I’ll have a look at them most probably tomorrow.

Quoting brijon
Please respect other givers on this forum as you and all FORUM CONTRIBUTORS DESERVE THE SAME RESPECT
Yes, I believe that everybody deserves respect. Please let me know if I showed disrespect.

Quoting brijon
God bless you

FROM Brian
Bless you too and have a profitable trade tomorrow,
Ure
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