Nest of Custom Indicators & Ideas

N C I I

Hello friends

I know there are lots of forums to post different indicators !

and I know here it is a large company with lots of forex workers with different abilities and Ideas .

But I want it here to be a nest for all newcomers and old ones to share their Ideas and indicators so It can maybe lead to a holy grail lol

To be honest we can help each other to catch bigger fishes of such wild Ocean (or even whales) .They always hunt a whale in north pole in teamwork not alone !


maybe there are lots of people with great Ideas and not to know how to code their Ideas and Vice-Versa a good coder who is hungry for new ideas.

there are plenty of demands here every day to code this or to make that ! but do all people always view this huge platform tech forum ?!

I believe not !

To put it in a nutshell ! I will start my self and will post my rubbish/shit indicators with pics, it may be useful for at least one guy !

(Please do not take it hard , let it be just as it is , No argument No Offense and No Racism)

Hey great suggestion Shahrooz. I am not a coder but will start to learn how to code soon but do have some ideas and will see how we can all benefit as this thread get active. Meanwhile I will shoot the first indicator/dashboard I need assistance with, in my next post.

Thanks man, and God bless

George

This indicator was posted by Bandung sometimes on Nov 9, 2010 and discussion about it only last a day as nobody knew what to do with it or how to use it but I think I do 2 years after.

Therefore if any kind hearted coder can add an alert and make the following alteration to the indicator, that will be great. I contacted Bandung and he is currently busy on other things but says my request is doable. So here we go:

Need alerts that will

 

1. alert a trader when a pair begins to move above 0.15% on the D1 timeframe,
2. after a pair stalls and pulls back, and starts to move again, a new alert will be generated based on this new movement on the H1 or H4 timeframe when it moves 0.15% from the new low (since the initial alert was generated on the D1 timeframe for the daily movement) and
3. another alert when the 1st alert in (1) above is exceeded on the D1 timeframe - that is, when a new high is made for the day.
4. a new alert if the pair begins to move in the opposite direction by 0.15% from the opening price.

Another alteration that I want made to the indicator are:

1. reduce the histogram space
2. allow 3 rows stacking of the dashboard instead of the present 2 rows, and this way we can add more currency pairs and even metals, if we wish; as the indicator is very memory friendly.

Now to what can be done with this indicator and how I use it. The indicator highlights:

1. The currency pair(s) that is moving the "most," which traders should focus on
2. The direction of the trend for the session - up or down
3. By what percentage the pair has moved for the day (on the timeframe highlighted)

I am an intra day correlation or should I say, strength/weakness currency trader and trade with the intermediate trend. I wait for the pair of interest to move a minimum of 0.15% on the day before considering that pair if supported by the currency strength meter. This indicator helps to identify the currency pair that is moving the most, especially when you have more than one currency showing strength or weakness. I don't have any loyalty to any pair and therefore trade any pair showing strength. In my next post, I will show 2 trades I took within the last day 2 days, in the CADCHF and GBPNZD despite the high spread and you can compare the trades with what the majors with lower spreads were doing at that time.

Thank you, and God bless

George

These are the 2 trades I mentioned in the last post and you know the GBPNZD did reach and exceeded its target, making a high of 9417. At the time I took the screenshot and posted on my blog, price was at 9256, and my entry point was 9182.

Trust we can create a great tool here that will give us additional edge in the market.

Cheers, and God bless

George

See samples of screen shots I took on March 8 at 2 pm; 6 pm & 9 pm PST, and you can see how it was obvious to concentrate only on NZDJPY as first choice, and the secondary choices can be AUDJPY, CADJPY & GBPJPY and you can check your charts to verify this.

I hope this will inspire any of our great coders to look into my request, and thank you in advance. I have to call it a day now as I've been up almost throughout the London session and need to sleep now.

Cheers, and God bless

George

I was going to sleep but my mind keeps working, and so I wanted to leave a message for any of our great coders that can work with me on producing a great relative currency strength indicator with alert.

I had some great ideas that developed from the teachings of Mark McDonnell of Forex Early Warning, and implemented this on an excel currency strength meter that I downloaded here. I did post the improved version on this thread but was politely requested to remove it, which I did. I have however improved on the spreadsheet, and think it can be coded into an MT4 indicator, and if any of our great coders will like to work with me, you can PM me and I can share the details and flowchart. And by the way, I have a great filter idea that voids or stop bad signals too.

Meanwhile, see the attached PDF which detailed the initial idea, together with a screenshot of the latest version. And don't worry as I am finally going to sleep now.

Cheers, and God bless

George

Thx for your posts

I am going to test these at weekend and inform you the results

See attached USDCHF trade I took today, at the start of the London session off the signal generated by the RCS signal spreadsheet. You can also check your charts to see how the other signals performed

Cheers, and God bless

George

Hi Shahrooz,

That will be great and will expect your results. I dedicated the last one week since discovering the indicator, to take screenshots and see the results from March 8th to-date, and was very convinced of my discovery. This was why I PM'd Bandung since the week-end but unfortunately he is otherwise engaged.

Anyway, got to go now.

Take care, and God bless

George

One last thing before I go - see the ayPercentGraph for today and you can check your charts to corroborate today's moves; and Shahrooz this should help you in your test too.

Shalom,

George

A picture is worth a thousand words

Where Would You Have Focused Attention Today? On Euro, Cable or the Yen pairs? See for yourself

And look at the percentage change - the trend was never to the upside even though we had gap opening on most of them. Some food for thought!!

The Yen Pairs seem to be on the move again, setting the pace for the next session

Where will your focus be today? I'm short the Yen pairs

hi could you please send the exe or mq4 file for this indicator