Trend of many currencies under one chart !

Hayseed,

I have attached the indicator i used to see the trend for multi-timeframe on one currency/chart.

My request is to allow the viewing of trend for multi-timeframe on multi currencies under one chart.

The document shows the desired output of my request and the current output of multi-timeframe on one currency/chart. Thank you for help and time

FYI, DXY is USD index in alpari.

Hayseed,

This indicator is to help see the my defined trend for many currencies and i wish to add more markets into the list in future. This could help inter-currencies and inter-markets tracking/relationships.

thank you

hey compro.... could you please explain what you think your original indicator is saying....

inclosed are 3 pictures..... notice your indicator say todays eurgbp trend is down.... however my version says up....

it appears the original code is saying if the lowest bar's date is more current than the highest bar's date the trend is down..... is this what you expect....

in other words, if the usdjpy's highest bar was 1 bars ago and it's lowest bar was 247 bars ago, the daily main move would be up... is this what you expect......

i have temporaily written the indicator to show the actual bar count, so my math can be verified.... in the pictures you can see up or down followed by the low bar count and then the high bar count....

you can see the usdcad, usdchf, and usdjpy are at their highs..... and the eurusd, just hit it's low..... verified by bar counts.....

so again, are you thinking the usdjpy's main move today should be up because it's highest high is more current than it's lowest low......h

Hi Hayseed,

I havent go through this thread for few days.. sorry for being late.

The concept of main move is based on the daily,weekly,monthly and yearly open price (4 open prices).



Example: If USD/JPY open price is 100 and now price goes straight down to 99.5, the main move is DOWN. If the price go up and break above 100, the main will shift to UP. Later on, if the price break down below 99.5, the main move will switch to DOWN again.

Essentially, it is the breaking up/down of the HIGH/LOW of that daily,weekly,monthly and yearly that results in the main move UP/DOWN.

Let me know if i havent explain good enough.

Hayseed,

"so again, are you thinking the usdjpy's main move today should be up because it's highest high is more current than it's lowest low......h"

Looking at the main move of the day for USDJPY in 1st Dec, the main move was UP for the Today category.

Hayseed,

"it appears the original code is saying if the lowest bar's date is more current than the highest bar's date the trend is down..... is this what you expect...."

Yes, i agree the trend is down.

PS: I appreciate your effort to code this indicator for me. Thanks again

Hayseed, are you still there ?

hey compro..... always here..... worked on it some more while waiting and it became clear, at least in my mind, that the indicator will be highly unreliable..... so much so that confidence would be near 0......


consider the latest chart of the gbpjpy..... it shows the monthly main trend as up...... which is true , for the first week.... but it still would show up the entire aqua lines move down....... this is just a month, many times the same situation exists for the yearly trend..... imagine being wrong for months on end.....

the second picture show the same setup but includes the ha bars.... now if you used the original indicators therory and with ha bars , you might have something....

bottom line, using the datetime of the lowest bar vs the datetime of the highest bar, which is the original indicators therory, to determine trend will be a tough row to hoe.......

i'm tied up with several other things now......h

Hi Hayseed,

I am focusing on the theory based on the indicator attached to calculate the main move for each timeframe daily,weekly,monthly and yearly. I hope not to include other calculation in it.

Is it still possible ? Let me know.. thanks.


Mark

hey compro.....yes it is possible..... dxy was not included.....

the original indicator attempts to define the main move over a set period of time, day,week,etc, by saying if the lowest price is more recent than the highest price, the main move is down.... or if the highest price is more recent than the lowest price the main move is up.....

keep in mind if your history data is insufficient you quite possibly could see incorrect results.....

once the indicator is attached to a chart it will force load as much data as possible..... the up, down, unkown will change back and forth during this is initial startup.....

again, keep in mind..... history == results.....h

Hayseed,

I want to thank you for the effort. I appreciate alot... thanks !

Good afternoon

I'm new on FX and MT4 but I've rode many threads on that very interesting website.
I'm trading for few months not on real, without success until now.
In parallel I'm working on programming with MT4. So I'd like to know if it is possible to get your very interesting compro.mql4 file to understand how you succeed to program, on a window, for several currencies, tendancies with different time frame.

Thanks a lot
Regards

ps: sorry for my english