Help with simple indicator.

I need some help for 2 indicator:


I) Horizontal Line

TF : Can be used at any time frame

Methodology:
It will only use the latest last 3 candlestick on the chart. By comparing between the 1st & 2nd candlestick, whichever candlestick has the highest point = HI , lowest point = LO. Then it will draw a horizontal line for the HI & LOW with a color orange. Then it will also draw another horizontal line for both HI & LOW with +/- 15 pips in lime color.


II) Shadow calculation

On at TF: Day chart
Objective: To calculate the total bottom white and top black shadow of first 30 candlesticks (30days).

1. For the past 30 candles, calculate the total bottom shadow size on the white candles.
2. For the past 30 candles, calculate the total top shadow size on the black candles
3. The calculated shadow shall not include the current candlestick of the day.
4. Results be posted on the top right corner under the EA smiley face.

Thanks in advance! All your work is much appreciated.

Thanks in advance!

Here's the first one. All useful variables have input parameters in case you want to change your buffer or colors or whatever. :-)

D

Edit: Updated math.

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And I think this is what you wanted for the second one, but please run some tests and check my math. It's pretty customizable via input values, so it should be easy to make some small test cases.

Works on any time frame -- not sure why this would be stuck on one...

Hopefully it helps. :-)

D

thank you very much, ill look into it!

This works like a charm! But i am not able to set it as 15 pip. It seems that 1 pipbuffer = 10 pips in chart. Also, how can i set it fix values that i am want? Everytime if i loads it, it requires me to reinput the datas.

My final setting:
numberofcandles: 2
pipbuffer: 2 (2 = 20 pip, but i want 15 pip)
breakoutboxcolor: red
breakoutbuffercolor: green
startcandleshift: 1

do u have the source code for this? am interested to learn how to code that.

I have check and double checked, the indi is wrong. Let me collect the datas for u..

From 8/10/2009 - 4/9/2009 ( 30 candles )

Total white bottom shadows : 446
Total black top shadows: 240

EA Value:
Total white bottom shadows : 417 pips
Total black top shadows: 565 pips

What does startcandle variable means? when running the indicator, the value of bottom / top shadow keeps on moving. so this means something is wrong.

formula:
white bottom shadow size = open - low
black top shadow size = hi - open

thanks so much again.

Sorry, I think I had my terminology wrong -- I'm more of a trend guy than a candle guy. :-)

I've updated the indicator with your math, though I think the rest was working as intended.

"startCandle" is used to indicate the candle on which to start adding up shadows. A value of 1 means the first/current candle is skipped, as requested, but you can change it to calculate whatever range you'd like. If it's set to 1 or higher, the values should not fluctuate with the current candle.

Let me know how this version does.

D

Thanks! I have ammended your source code because 1 part of the formula was wrong. I am still back testing the results and once if the formula is correct, i will post the right file up again.

Can you post the horizontallinebreakout file?

Thanks again.

Sure, here you go.

d_forex, can you help me edit this indicator to just show the D1 values? Meaning, in any timeframe, i want it to show just the previous day value.

Nice Indi, i did a bit of editing on it to have it draw lines at the lenght of choosen amount of candles only, further it will keep the tunnels visible and add new tunnels as we go...
it's my first coding experience in mql4 so please be comprehensive for the old style basic programing style