D3trax is the indicator you posted suppose to self update, as it seems not to be doing so @ this time. I am using it on the 1H tf. Thanks.
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Hello,
it's not self-updating, you need to change TF or reload template, but i'm currently working on new version, which should be a bit better than previous one.
Hello,
i made couple of adjustments to our beloved indy.
1, indicator should recount itself - no need to reload template or switch timeframes to get counter on new bars... please test it...
2, i reworked positioning of numbers in following manner:
if PipTextHeight >0 .. use PipTextHeight value for positioning..
if PipTextHeight=0 try to autoadjust position ... 1st tests looks quite good even when switching templates - so numbers should not be sinked into bars now...
3, i added font&size for better customization of text values
Can you expand upon this comment please? I'm not sure I understand what you're getting at.
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I'm thinking of this more in terms of a general algorithm than a specific indicator/strategy - the HL Counter algorithm. The inputs being used currently are the close prices which represent underlying trend for comparison, and then a comparison of highs and lows. This concept could be adapted to close price only (for all 3 inputs), range/volatility, or even as a way to analyze an indicator or to compare two different indicators / currencies. It seems to be a useful way to do a binary comparison between two conditions to see which is stronger. Thanks for posting it!
D3trax you are correct the credit should go to Bytebodger as he is on to something outstanding. The indicator will greatly enhance this method & it is most appreciated.
When I tried to load the new indicator it loads as an attachment & will not show up in the custom indicator list.
When I tried to load the new indicator it loads as an attachment & will not show up in the custom indicator list.
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There's a bug when many/some files are downloaded from forexfactory... regardless, your file is downloaded, except it's not been named properly because the filename did not get passed along. You need to rename the attachment.php file to the name of the file that you actually downloaded (d3TrendCounter_v5.ex4 in this case) and then move it to the appropriate MT4 directory.
Other way is to download indicator from Attachments page, accesible from top right corner of forum page via paperclip icon.
D3trax..... renaming the file did the trick & everything seems to be working good. Now waiting on the next candle. Thanks for the time & effort you spent on creating this indicator as it is a great help.
D3trax....after a closer look at the candle in question the open & close are the same & this is most likely why it is not numbered & it was on a 15M tf. This indicator is working great. What a great help it is & many thanks to you.
I hope Bytebodger will weigh in with any added info he may have.
for MPP:
yeh, problem is that text objects ( written numbers) are positioned by pips - so 10pixel font looks still same but offset must be changed for both low/high placements... that's reason why i created v3, which contains settings for both low and high placements. I'm not sure if it's possible to change position dynamically based on selected TF. If someone know, please gimme advice ...
Happy pips,
D3trax
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Hi.. Bytebodger
Thank you for showing this trend spotting to us..
Currently I'm still reading...
@
hi.. D3trax...
thank you for the indicator, you save me
when changing Timeframe, I must readjust the height_shift.
If I may suggest, you can use or adjust this code for setting text distance from bar high or bar low ..
Inserted Code
double dy = 0;
for (int i=1; i <= 20; i++) {
dy += 0.3*(High[i]-Low[i])/20;
}
Edit:
... I think v5 the problem is already fixed..
thank you D3trax
I hope Bytebodger will weigh in with any added info he may have.
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First, big thanks again to D3trax. The indicator is extremely useful!
As for added info, I will say that I am currently testing my own EA on this methodology. However, this particular EA is a loooong way off from being at a point that I would consider trading live with it. Yesterday, the EA had a huge day, not because the markets were favorable (trending), but because several long trends from last week were culminated and many profitable trades were closed out. For example, as highlighted in a previous post, this HL Counting Method managed to grab every part of the EURUSD reversal that began last week and finally seemed to peter out yesterday.
If you simply set up the indicator on an H1 chart or higher and trade every time the count reverses itself, I think you will be, in the long run, profitable. But merely taking every trade in that manner is probably the least profitable way to trade this "system". Also note that I've said nothing here about SLs, TPs, increasing/decreasing lot sizes, money management, etc. That's because I have come nowhere near working this into a full-bore system yet.
However, I think that I have already found a much more profitable use for this method rather than using it as its own standalone system. Because I don't want to create a marathon post, I'll describe this process in my next post...
in 