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Recent SR indicator

  • #121
  • May 5, 2011 8:18am May 5, 2011 8:18am
Version 1.05 can be downloaded from post #1. It addresses the request in post #119. See post #1 for more info.

I'm still planning on adding an alerts facility at some future point. However, this is not a trivial programming job - please be patient.
  • #122
  • May 6, 2011 12:52pm May 6, 2011 12:52pm
hy why the indicator doesnt appear in the window where are all the indicators?
  • #123
  • May 6, 2011 4:15pm May 6, 2011 4:15pm
i have another problem now that the market its close. i have a question if we raise the visibility level the lines will repaint?...i can't test the indicator right now. thx hanover for this indicator
  • #124
  • May 6, 2011 4:35pm May 6, 2011 4:35pm
Quoting vladutz112
hy why the indicator doesnt appear in the window where are all the indicators?
What version of Windows are you running?

If it's Vista or Win 7, then posts #44 and #46 here might help you. Post #46 by Xaphod has additional links, also.

There is also a good video posted by tdeu here.

Hope this helps.

David
  • #125
  • May 6, 2011 8:29pm May 6, 2011 8:29pm
hy hanover if we increase(rise) the visibility level the lines will repaint? thx for ur quick answerand sorry for my bad english
  • #126
  • May 7, 2011 1:22am May 7, 2011 1:22am
Quoting vladutz112
hy hanover if we increase(rise) the visibility level the lines will repaint? thx for ur quick answerand sorry for my bad english
Vladutz,

It depends on what you mean by "repaint", but the answer is probably yes.

In fact I would say that the indy can both repaint and unpaint, depending on the Visibility and Frequency settings. This is because it must work with whatever information is available at a given point in time.

If your specified conditions are suddenly met, then a line will be plotted, but that line would not have plotted earlier, when the conditions were not met. As an example, if FrequencyLevels = 2, then as soon as there are 2 points in the same band, a line will be plotted; but while there was only 1 point, the line would not have been plotted.

Here is an example of 'unpainting'. If you set TimeFrame = D1, VisibilityLevel = 1,1 and VisCompletionRequired = false, then as soon as the April 7 candle makes a lower low than the April 6 candle, a line will be plotted from the April 7 candle's low. But if the April 8 candle makes an even lower low, then the conditions are no longer met, hence the line at April 7's low will disappear, and a new line starting from April 8's low will be plotted. And so on.

If you set VisibilityLevel = 1,1 and VisCompletionRequired = true, then no line will be plotted until there is a pattern of a low, then a lower low, then a higher low. Hence the line would not be plotted until all of the required conditions are met.

I hope that this makes sense.

David
  • #127
  • May 7, 2011 2:08am May 7, 2011 2:08am
and if i set VisCompletionRequired = true and VisibilityLevel =3 the lines will repaint?(by repainting i mean that the lines will disaper from that point )
  • #128
  • May 7, 2011 2:36am May 7, 2011 2:36am
i have changed VisCompletionRequired = false whith true but no difference on my chart i use ur indicator in m1. whith the normal settings i didnt see any repaint(redraw) but i couldn't test anymore cuz market closed thank you for answer my questions
  • #129
  • May 7, 2011 6:59am May 7, 2011 6:59am
Dear Hanover,
Ive been agreat fan of your work and use your recent news indicator as part of my system. I wouldloveto incorporate this into my SR levels but not sure howtoconfigure it. I have read the manual attached in post 1 and fiddled with this for 3 hours and cant seem to get it to do what I want.
What I want to get it Monthly SR on all TF, Then weekly SR in a different color on d1 and below and Daily SR in H4 and below etc.
Do you think you can help me to do this with your indicator.

Many Thanks
Searching for a cure...:nerd:
  • #130
  • May 7, 2011 7:39am May 7, 2011 7:39am
Quoting vladutz112
i have changed VisCompletionRequired = false whith true but no difference on my chart i use ur indicator in m1. whith the normal settings i didnt see any repaint(redraw) but i couldn't test anymore cuz market closed thank you for answer my questions
Attached are 2 screenshots of USDCHF,M5, showing the parameters that were used to generate each. I have labeled the current candle 'C'.

In both examples, I have IncludeCurrentCandle = true, to ensure that the current candle is considered in the counting process. I have also set HistogramSize = 20, which is causing the boxes to be repeated at the right of the chart, with the price level showing in each.

In screenshot #1, VisCompletionRequired = false. Since the current candle's high meets the Visibility criteria (2,2), the histogram is plotted at that level, even though it needs another 2 candles to complete the full visibility test. A box is also plotted, but you can't see it yet because its length is 0 (all boxes are plotted from the first candle that meets the criteria, across to the current candle). When the next candle starts to form, you'll be able to see the box (provided that the Visibility criteria continues to be met).

In screenshot #2, VisCompletionRequired = false. No box or histogram is plotted, because we need another 2 candles before the Visibility test can be completed, i.e. confirming that the current candle has 2 lower highs on each side of it.

Re your question about repainting: the relevant boxes will appear when all of the criteria are met, and disappear when they are not.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: vlad1.jpg Size: 100 KB
Click to Enlarge Name: vlad2.jpg Size: 96 KB
  • #131
  • May 7, 2011 8:17am May 7, 2011 8:17am
Quoting funlovinj
Dear Hanover,
Ive been agreat fan of your work and use your recent news indicator as part of my system. I wouldloveto incorporate this into my SR levels but not sure howtoconfigure it. I have read the manual attached in post 1 and fiddled with this for 3 hours and cant seem to get it to do what I want.
What I want to get it Monthly SR on all TF, Then weekly SR in a different color on d1 and below and Daily SR in H4 and below etc.
Do you think you can help me to do this with your indicator.

Many Thanks
Funlovinj,

I am sorry. It seems that there is a bug when setting TimeFrame = MN
that causes the indy to plot SR for the chart's timeframe instead of the monthly timeframe

I will fix it and post a new release in the next 1-2 days. My apologies for the inconvenience.

David
  • #132
  • May 7, 2011 8:41am May 7, 2011 8:41am
Thanks for the quick reply Mr David Hanover lol

I'll try my best to break the next one
At least you can then be assured its foolproof
cheers
Searching for a cure...:nerd:
  • #133
  • May 7, 2011 11:25am May 7, 2011 11:25am
Quoting hanover
Attached are 2 screenshots of USDCHF,M5, showing the parameters that were used to generate each. I have labeled the current candle 'C'.

In both examples, I have IncludeCurrentCandle = true, to ensure that the current candle is considered in the counting process. I have also set HistogramSize = 20, which is causing the boxes to be repeated at the right of the chart, with the price level showing in each.

In screenshot #1, VisCompletionRequired = false. Since the current candle's high meets the Visibility criteria (2,2), the...



so if i use the VisCompletionRequired = true and lets say the criteria is complet after 2 bars after the c candle then the line were will appear at the "c" candle or on the last candle? is this like the indicator from barry sr based on fractal?
  • #134
  • May 7, 2011 11:32am May 7, 2011 11:32am
and if i set the visibility level to 1 and the clearance pips to 1 what will happend then?and VisCompletionRequired = true
  • #135
  • May 7, 2011 3:53pm May 7, 2011 3:53pm
Quoting vladutz112
so if i use the VisCompletionRequired = true and lets say the criteria is complet after 2 bars after the c candle then the line were will appear at the "c" candle or on the last candle? is this like the indicator from barry sr based on fractal?
The line will be plotted from the 'c' candle (which is now the third candle from the right of the chart) and the last candle. As I said earlier, the box is always plotted from the first (leftmost) candle that meets the criteria, across to the last (rightmost) candle in the chart.

The ClearancePips is simply another criteria that must be met. The candle high or low must exceed the candles surrounding it by the number of pips, in order to meet the criteria. As is always the case, when all criteria are met, the box is plotted. If all criteria are no longer met, the box disappears.

I have never used Barry or Fractal. I don't know how they work.

Please read the instruction document, and experiment with the indicator when the market is open. This will answer all of your questions.

Please note that the indicator is offered for free on a 'take it or leave it' basis. If it doesn't work the way you would like, then I am willing to consider suggestions to change it, but you are also welcome to use other SR indicators if they are easier to understand and use.
  • #136
  • May 7, 2011 4:48pm May 7, 2011 4:48pm
ok thx but i can't wait because it seems very good and accurate indicator this is why i was asking so many questions...this indicator expires?at some time?
  • #137
  • May 7, 2011 5:47pm May 7, 2011 5:47pm
Quoting vladutz112
ok thx but i can't wait because it seems very good and accurate indicator this is why i was asking so many questions...this indicator expires?at some time?
There is no expiry date. It is yours for free as long as you continue to use MT4.

I agree that it is complex, but that is because I wanted to offer a wide range of options. No doubt I will add even more options over time.......

People think that SR is a universal concept, but it's not. Writing this indicator taught me that there are a large number of variations, and also that what apparently seems 'obvious' to the naked eye is not necessarily that easy to replicate in program code.
  • #138
  • May 7, 2011 6:15pm May 7, 2011 6:15pm
Quoting hanover
I am sorry. It seems that there is a bug when setting TimeFrame = MN
that causes the indy to plot SR for the chart's timeframe instead of the monthly timeframe........ I will fix it and post a new release in the next 1-2 days
Version 1.06 can now be downloaded from post #1.
  • #139
  • May 7, 2011 6:19pm May 7, 2011 6:19pm
u're right u need some brain to do something like this thx for sharing with us
  • #140
  • May 8, 2011 2:09am May 8, 2011 2:09am
Quoting hanover
Version 1.06 can now be downloaded from post #1.
Thank You Hanover
Searching for a cure...:nerd:
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