SS Balance Line Dashboard Indicator

This thread is for the Balance Line Dashboard indicator which is intended for the Simple Simon Balance Line trading strategy. You can learn more in this thread. http://www.forexfactory.com/showthread.php?t=297418

If you are not familiar with this strategy, this indicator is probably of no use to you. This indicator is intended for experienced strategy traders; beginners should work with a single chart until they master the strategy.

THIS INDICATOR IS AN SETUP ALERT, NOT A TRADE SIGNAL GENERATOR. REMEMBER - MANY ALERTS AND FEW TRADES. THE TRADER MAKES THE CALL, NOT THE COMPUTER.

The inputs are:
AlertPips - the distance in pips from the Balance Line at which to alert. One alert is sent per bar.
AlertBarsSkip - the number of bars to skip before sending another alert.
BalLineTF - this is the TF for the calculation of the balance line and is usually set to 60. Zero means to use the chart's TF. The balance line is calculated using a smoothed MA of the Median Price, shifted 8 bars.
DBDisplay - to turn off the dashboard and only get alerts, set to false.
MailAlert - set to true to receive emails. This option only works if the platform is properly configured for email.
SendAlert - set to false to suppress alerts and use the dashboard only.
CurrencySuffix - supply the currency suffix, if your broker has appended a lower case letter like "r" to the symbol.

You can change the colour scheme of the dashboard to suit your chart; these are the inputs and defaults:
LabelColr=Ivory; InAlertZone=Aqua; OutAlertZone=Magenta;

The currency pairs to be monitored can be selected from the list and in addition there are 4 fields for other pairs of your choice. A maximum of 15 pairs can be monitored.

This thread is for topics related to this indicator only. A few guidelines to follow:
1. Please report bugs. Please explain how it happened and the steps to follow to recreate it. If I can't recreate it, I can't fix it. Include screen shots if necessary.
2. You can request enhancements. In all likelihood they will not be implemented until September or later and only if I feel they are appropriate. I have enough on my plate now and I plan to enjoy the summer here (we only get 2 or 3 months; this is the place that global warming forgot the last 2 years).
3. You cannot request info on how to use the indicator unless you are a regular contributor to Colostarr's thread. Once you learn the strategy, using this indicator will be intuitive.
4. You cannot ask coding questions on this thread. You will be banned.
5. You cannot post anything I deem off topic. You will be banned.
6. You cannot PM me. If it is not important enough to discuss in a public forum, it is not important enough for me to respond.

Once you load this indicator onto the chart of your choice, it should look something like the attached image.

THIS INDICATOR IS AN SETUP ALERT, NOT A TRADE SIGNAL GENERATOR. REMEMBER, MANY ALERTS AND FEW TRADES. THE TRADER MAKES THE CALL, NOT THE COMPUTER.

Thank you Codemeister

This is brilliant stuff. If I understood correctly a post from Colostarr in the main thread, he was using/liking the early warning that you get on an M15 chart so I don't know if there's any plans to incorporate that timeframe or not. If I misunderstood, my apologies in advance.

Hello Codemeister,

Thank you for your efforts. I downloaded the dashboard, placed it in the expert:indicators section of MT4. I then closed and reopened MT4 and found it in custom indicators. I applied it to my EUDUSD chart to visualize on all TF. The bottom of the chart formed a new space with the BalanceLineDB label, but the area is blank...no dashboard. The display is set to true. Am I missing something?

Thanks

thanks bro. much appreciated.

my problem is that it opens a window for it but puts it in window 2 regardless

I asked Colostarr about that in this post and he said not to. Myself, I don't understand what is involved in checking multiple TFs. The dashboard will work for any TF if that helps.

http://www.forexfactory.com/showthre...37#post4709937

Don't know, never happened to me.

Edit: I lied, the same thing happened to me when my MT4 connection went down temporarily. Once I was reconnected, I removed the indicator and then attached it again.


Try resetting the inputs to default. Are you getting any alerts? Is anybody else having this problem?

I think it is working the way its supposed to. Send me a screen shot so I can better understand.

I closed MT4, removed the dashboard from MT4, then opened MT4 showing no dashboard indicator. I then closed MT4, replaced the dashboard into experts:indicators, reopened MT4, put the dashboard onto EURUSD and kept defaults. The screenshot shows the result.

Codemeister - a great piece of work!

However I get the same result as frollollc. If I have Spread History indy in window 2, your indy lands in on top of it. I didn't change any of the inputs, inserted in with the defaults.

BTW, I used to live & attend U of C in Calgary many years ago - now live near Spokane (dual citizen).
Keep up the tremendously good work!

Frollic and Paws,

What is your broker? Does it support all of the following pairs?
EURUSD=true;
GBPUSD=true;
USDCHF=true;
USDJPY=true;
USDCAD=true;
EURJPY=true;
EURGBP=true;
EURCHF=true;
GBPJPY=true;
AUDUSD=true;
NZDUSD=true;

Try with just a few pairs set to true. Also check the experts tab for any errors. I may have not handled something properly.

hello again,

I have a stochastic in the indicator window one that only visualizes on the 5 min TF. When I removed the stoch and reloaded the dashboard, the dashboard was displayed in the indicator window 1...Thanks.

That is very strange. There should be no conflict between the dashboard and another indicator any more than between say a Stochastic and a MACD. Thanks for the feedback, I will look into it.

I'm running this on IBFX and I'm getting plenty of alerts. Too many, actually. Codemeister, would it be possible to make the alert True/False selectable so that we could turn it off and still have the graph up?

I made all pairs false except for the 1st three, but still the same result.
I use ATC Brokers which has available all of the default pairs.

I'm not sure what you are referring to, re: "Also check the experts tab for any errors." I turned off the Expert Advisors switch at the top, but that did not make any difference.

When I drag BalanceLineDB on to the top window, it opens a 3rd window which is blank except for the notation BalanceLineDB in the upper left hand corner, but the indy itself shows in window 2 along with the Spread History indy.

If I now delete the Spread History indy, the BalanceLineDB indy and the Spread History indy both disappear, leaving the 2nd window with BalanceLineDB text in the upper left hand corner of this 2nd window, but nothing else but black.

Now I deleted any secondary windows and added BalanceLineDB back in and we're good to go! I added Spread History next and it's fine now too.

BalanceLineDB simply requires that it is to be the 1st extra window to be added.... Now you can go and add other windows under it.

Just another note...when the dashboard displayed, it had the list of pairs, but not the colored numbers as seen in this screen shot.

You are the second person to report this behaviour. I tried it myself and discovered that the objects (titles, numbers) appear in the first window. I had not intended to do that, but I also never tested it. I will fix for the next update. Thanks again for the feedback.

The screen will look like this for a few seconds until the first tick arrives. Updates to the numbers are tick driven. I assume you waited for a minute or two. You need to check the experts tab (next to the Journals tab) for errors. Any errors are reported there, not the Journals tab.