Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Daily Highs and Lows to Previous Daily Highs and Lows 1 reply

trading higher highs and lower lows on a 15m chart 15 replies

MT indicator for higher lows / lower highs? 3 replies

Higher Highs/ Lows and Lower Highs/ Lows 14 replies

Lower highs and Higher Lows 3 replies

Attachments: Programming higher lows and lower highs
Exit Attachments

Programming higher lows and lower highs

Quoting Royston

You are showing the classic signs of "indicatorisis " if you need an indicator for this

The reason I posted ex4 files is that these indicators are only very roughly built, and to be honest, I am embarrassed by the code. It is like a schoolboy's notepad, full of crossings out, smudged ink, torn up bits of paper, and the cat was sick over it. And it smells. It would be a bit like letting you look at my dirty underwear lol. Not that I have dirty underwear, you understand.
Got to say, these few lines are one of the funnier things I've read in the Programming Discussion section.

Just wanted to say thanks for putting these rough indicators together, Royston. I am very much an anti-indicator, trading "naked" type of guy so I didn't head to this thread earlier on, but I really like what you've done here. Simple, to the point way to do initial multiple time-frame analysis quickly and efficiently. This is one move back into the indicator arena that I'll let slide, Vantage.
Quoting Auron112
Got to say, these few lines are one of the funnier things I've read in the Programming Discussion section.

This is one move back into the indicator arena that I'll let slide, Vantage.
No more indi's ever, unless of course ........................... , the grail is out there.
Another price action indicator. This one marks local swing highs and swing lows. The logic is very simple. A point is marked as a swing high if the value of the high point is higher than both the high of the bar to the left and the high of the bar to the right .
To be precise, it is a high if the bar is higher than

  1. either the bar to the left,
  2. or 2 equal bars to the left
  3. or 3 equal bars to the left, etc.

Attached Image (click to enlarge)
Click to Enlarge Name: 100520 1842 swing point marker.png Size: 33 KB
Attached File(s)
File Type: mq4 Swing point marker roy 03.mq4   5 KB | 326 downloads
Attached are mq4 versions of the main relevant files above.

Vantage positive closes roy 05 - checks the price against the 8 lwma on the 60 min chart
Vantage positive closes roy 06 - checks the price relevant to the midpoint of the higher time frame candle
V System chart indicator roy 02 - which draws a bullseye in the top right corner when 3 conditions are all the same colour. This last one I have altered slightly, so that a bullseye is only shown after the previous 60 min candle has closed the same colour.

I should have given them snappier names which better describe their actions, but we're stuck with these now, lol.

I could have used "60 min pip snapper deluxe to go". Or "gateway to 8 lwma heaven".................. next time
Attached File(s)
File Type: mq4 Vantage positive closes roy 05.mq4   3 KB | 251 downloads
File Type: mq4 Vantage positive closes roy 06.mq4   3 KB | 264 downloads
File Type: mq4 V System chart indicator roy 02.mq4   4 KB | 269 downloads
Quoting Royston

Or "gateway to 8 lwma heaven".................. next time
Gateway'll do, Led Zep got stairway.............................
Hi Royston,

many thanks for the indis.

Are they working for backtesting? Like with a trading sim?

Cheers

Thomas

Quoting Royston
Attached are mq4 versions of the main relevant files above....
Quoting tdeu
Hi Royston,

many thanks for the indis.

Are they working for backtesting? Like with a trading sim?

Cheers

Thomas
Probably not, Thomas. Most backtesters and trading simulators I have seen in MT4, work on only a single time frame data stream (although I did see a simulator, once, that intended to run multiple time frames simultaneously in its next version). The "Vantage positive close indicator 06" runs by reading the 60 min data stream, and showing it in a five minute chart. So, when you run the simulator on 5 mins, there is no 60 min data stream present.

PS

Have you come across a strategy that tests positive on a back tester?
  • Post #28
  • Quote
  • Last Post: Edited Jul 5, 2010 12:20pm Jul 4, 2010 6:48pm | Edited Jul 5, 2010 12:20pm
understand now - of course not.

I'm looking for a box breakout/straddle EA to test some ideas.

Do you know of one, that has the following features:

- define box by the minute (start/end time)
- fixed or box defined SL and TP
- maybe double second order if first trade hits SL
- if TP in one direction is hit cancel the other order
- cancel all orders after a certain time

Couldn't find anything on the net or FF.

Cheers

Thomas


Quoting Royston
Probably not, Thomas. Most backtesters and trading simulators I have seen in MT4, work on only a single time frame data stream (although I did see a simulator, once, that intended to run multiple time frames simultaneously in its next version). The "Vantage positive close indicator 06" runs by reading the 60 min data stream, and showing it in a five minute chart. So, when you run the simulator on 5 mins, there is no 60 min data stream present.

PS

Have you come across a strategy that tests positive on a back tester?
0 traders viewing now