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ICCE. Bemac's Fib. Reverse Engineered

  • #1,941
  • May 2, 2012 7:07pm May 2, 2012 7:07pm
Looks like it is in the awsome BUY zone now ha PIN ?

Cheers V
  • #1,942
  • May 2, 2012 7:11pm May 2, 2012 7:11pm
Actually took another peek after the post ann monthly closed was under LMCS so it may journey all the way too the box somewhere, be interesting to watch this month

Cheers V
  • #1,943
  • May 5, 2012 8:57am May 5, 2012 8:57am
After many grueling hours, I think I have understood the importance of the bull & bear diagonals. I think! LOL

It appears that these lines actually help us to see the transition of power between the two, once we learn to read between the lines. Forgive the Pun.
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  • #1,944
  • May 6, 2012 1:07pm May 6, 2012 1:07pm
It took longer than I anticipated, but the new version of ICCE is now ready to download.

After you have downloaded the indicator and loaded it into your indicators folder in Metatrader 4, remember to restart as the code is uncompiled. If the markets are closed, you will also need to refresh your charts after moving the box objects, as the indicator relies on incoming ticks to update itself.

I have included links to three short videos below that should hopefully get you up and running, but if you have any questions just let me know and I’ll try to answer them.


Loading the indicator and setting up;

Options available for the diagonals;

Setting up email alerts and clearing your chart.


With regard to email alerts, if you have not yet set up your Metatrader 4 platform for emails, then you will need to do prior to using this feature.

Hope you all like the new version!
Attached File(s)
File Type: mq4 BEMAC'S ICCE GRID 2012 v1-5.mq4   64 KB | 544 downloads
  • #1,945
  • May 6, 2012 3:25pm May 6, 2012 3:25pm
Thanks OD for the fantastic work )

Best Regards

V
  • #1,946
  • Edited 10:53pm May 6, 2012 10:42pm | Edited 10:53pm
One Day

Many thanks for the undoubtedly, hard work that you have undertaken with this indicator. It is truly wonderful.

Also, the videos are extremely descriptive and helpful.
Being from Macclesfield and living in China, it was nostalgic to hear a British accent. Not many British people here in Harbin.

I am sure your hard work will put a smile on Bill's face and cheer him up no end.

Thanks again OD.
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  • #1,947
  • May 7, 2012 2:36am May 7, 2012 2:36am
Glad you like it Pinbar and Menomoo....hopefully Bemac will be back on his feet soon - it would be nice to have his opinion. I did provide him with earlier drafts to comment on, but he has not used the current version with the improvements to the diagonals.

I have a few other unrelated indi's to finish off for other folks, then I will be writing a Gann fan indicator. You may have noticed the pips per bar value in the information box...that will be used as an input in this indicator. I believe that the two will complement each other. I am sure that I am not the only one that has noticed how frequently markets will track the diagonals....

A
  • #1,948
  • May 7, 2012 6:52am May 7, 2012 6:52am
Quoting One day!
Glad you like it Pinbar and Menomoo....hopefully Bemac will be back on his feet soon - it would be nice to have his opinion. I did provide him with earlier drafts to comment on, but he has not used the current version with the improvements to the diagonals.

I have a few other unrelated indi's to finish off for other folks, then I will be writing a Gann fan indicator. You may have noticed the pips per bar value in the information box...that will be used as an input in this indicator. I believe that the two will complement each other. I am sure that...
Sounds like you are busy OD.
Yes, the diagonals have started to click in my mind.

Which part of the UK are you from OD?
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  • #1,949
  • Edited 7:57am May 7, 2012 7:27am | Edited 7:57am
OD, I have a short question.
In the second video, you mention you have included a function that calculates multiples of the box width , or something like that.
Is this just the standard Fibo Time Zones built into MT4 or, is this function built into the indicator?

Can't find it anywhere in the indi,
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  • #1,950
  • May 7, 2012 9:55am May 7, 2012 9:55am
I have been testing the indi , it looks like I am loosing the box when I go down in time frame any suggestions ?


thanks in advance

Cheers

V
  • #1,951
  • May 7, 2012 2:34pm May 7, 2012 2:34pm
Quoting Pinbar
OD, I have a short question.
In the second video, you mention you have included a function that calculates multiples of the box width , or something like that.
Is this just the standard Fibo Time Zones built into MT4 or, is this function built into the indicator?

Can't find it anywhere in the indi,
My apologies for not making that clearer PB The function is used purely to calculate the time value to use for the second coordinate of the trendlines. I manually added a standard cycle line indicator to the chart in order to demonstrate increments of the box width. When the current bar reaches one of these increments, the trendlines are redrawn using the time of this bar as the second time coordinate. This is purely to improve the accuracy of the trendlines - there is not an in-built function to draw the vertical lines that you can see on the image that you posted - sorry!

As for your other question, I am from little old Guernsey. So British Isles, rather than UK.

If my attempt to clarify has the opposite effect, let me know and I'll do a quick vid' to demonstrate....

Regards

A
  • #1,952
  • May 7, 2012 2:56pm May 7, 2012 2:56pm
Quoting menomoo
I have been testing the indi , it looks like I am loosing the box when I go down in time frame any suggestions ?


thanks in advance

Cheers

V
Does the box reappear when you go back up in timeframes? I experienced this myself and I think that the reason is that I was drawing the box a fair way back on the daily for example, and then dropping down. Now if the daily box is 200 bars back, we will need 4800 bars (200 * 24) loaded into the chart for the box to display on the hourly chart and a lot more on the 15 minute chart. So in my case, I think that I ran out of bars on the lower time frame!

If on the other hand the box is not redrawing when you move back up, then I am not sure - it hasn't happened to me...so I'll need more details from you so that I can try and resolve the issue.

Regards

A
  • #1,953
  • Edited 4:46pm May 7, 2012 4:31pm | Edited 4:46pm
Yes, thanks OD, that clears that point up.


Here is one I took last night on the M5 TF.
I was really only testing ICCE out on the M5 tf to see the action more clearly, in real time. Still, it did what we expected it to.
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  • #1,954
  • May 8, 2012 12:25am May 8, 2012 12:25am
Quoting Pinbar
Yes, thanks OD, that clears that point up.


Here is one I took last night on the M5 TF.
I was really only testing ICCE out on the M5 tf to see the action more clearly, in real time. Still, it did what we expected it to.
Nice trade PB!

Reminds me that I need to draw a line under the R&D stuff and start trading again...not much point doing the former if I don't do the latter!...
  • #1,955
  • May 8, 2012 7:45am May 8, 2012 7:45am
Quoting One day!
Nice trade PB!

Reminds me that I need to draw a line under the R&D stuff and start trading again...not much point doing the former if I don't do the latter!...
LOL. I hear you but, I also saw Bills video from the PF and know, you know what you are doing, for real.

You can't fool me. Modesty will get you no where with me! LOL

Just got stopped out at BE+ on that M5 trade with an 18 pip SL.
The weekly HCR in this SH, seems to be the key.

And more importantly, we should also note that Bill's indicator, clearly pointed this out.



As expected.
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  • #1,956
  • May 8, 2012 7:47am May 8, 2012 7:47am
Yes the box reappears, it must be bit too far back than 200 bars , i think we run out of bars )

i ll have another look when i get a chance this evening ..
thanks
  • #1,957
  • May 8, 2012 7:16pm May 8, 2012 7:16pm
Looks like we have a nice PPZ here, H4 is showing Divergence.
A nice large H4 bearish PB would be nice.
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  • #1,958
  • May 10, 2012 7:40pm May 10, 2012 7:40pm
Just took these double H1 IBs on GU.
It should be noted that although this is an H1 setup, I am looking mainly at the weekly HCR in the SH.

Let's see how it woks out
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  • #1,959
  • May 11, 2012 5:43am May 11, 2012 5:43am
Stopped out at BE on the GU setup, after taking half off the table.
  • #1,960
  • May 11, 2012 6:55am May 11, 2012 6:55am
One Day

I am not really sure of the relevance of the information box but, is there any way to turn it off, in the code?
If I delete the code, will it just mess up the indicator.

I like to have as much screen space as possible.

Thanks in advance.
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