can some one create MTF for the above BULLBEAR HElper, say 30min,1,4,hr and daily.
May be have an arrow when all are in the same direction
Thanks'
Maybe Vicente or FX Optimist can help
Ignored
Mtf indicators generally are not stable until the end of the bar is longer. for example in the graph of an hour, with an indicator of 4 hours, expect to close the bar for four hours to one hour the signal is stable, not a bug, however we must be careful that in the past looks good, but by working online can cause false impressions.
In this case an indicator modify and adapt it to your system. This system gives the signal in real time, without delay, what you see in the display is going on all graphs of different times. The trouble is that we can not go to the past. I will try to change someone else to do that.
Thank you.
pd. attach the two indicators to operate the detector. question of names. I'm not a programmer, but do my best.
I am a fan of colouring my candles based on certain conditions. I have been playing with your simple system and created a potential H4 system based on Bull/Bear and the ALF Line.
You don't need the indicator window below the chart. I left it there so you can see that the candles are coloured correctly.
The candles are coloured as:
BLUE: Bulls>Bears and up candle (STRONG UP)
Tomato: Bulls>Bears but down candle (WEAK or retrace)
Red: Bears > Bulls and down candle (Strong down)
Dodger Blue : Bears > Bulls but up candle (weak or retrace)
Long: Enter few pips above high of blue candle that closes above ALF Line
Short: Enter few pips below low of RED candle that closes below ALF Line
Use SL of 75 pips. Take half off at 75 pips and move SL to BE.
Can you please post the template/Indicator here.
thanks
Ignored
Sorry, knew there was something I forgot to do.
This is for H4 although I am sure other timeframes could work. I have other indicators such as Price Action patterns etc that i typically put on it as well but I thought that the most simple one using the Bull/Bear candles and ALF would be best to analyse.
I have candle size set to 3 but you have to change this based on the zoom level you are at.
This is for H4 although I am sure other timeframes could work. I have other indicators such as Price Action patterns etc that i typically put on it as well but I thought that the most simple one using the Bull/Bear candles and ALF would be best to analyse.
I have candle size set to 3 but you have to change this based on the zoom level you are at.
On colouring candles based on conditions you can have as many conditions as you want.
the max number of colours that can be created are 4 as there are only 8 buffers to work with and you need 2 buffers per colour. I have stretched this to 6 colours by having default buffers as well where no colouring occurs. therefore the two other colours would be what ever you set in the properties tab of the chart.
In this case it is a simple binary of Bull or Bear coupled with Up or down candle so only four conditions can exist.
