(O+ H + L + C)/4 line indicator | Forex Factory

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(O+ H + L + C)/4 line indicator

  • #1
  • First Post: Jun 7, 2012 4:24pm Jun 7, 2012 4:24pm
hi bro and sis,

Please share a the indicator that showing line of (O + H + L + C)/4.

Thank you very much for your kindness and help.
Anton
  • #2
  • Jun 7, 2012 5:07pm Jun 7, 2012 5:07pm
Can't you use a Simple Moving Average with a period of 1 and a price type of Weighted? That's what I would try.
  • #3
  • Jun 7, 2012 9:22pm Jun 7, 2012 9:22pm
Isn't that a pivot line?

I know there are pivot line indicators using (O+H+L+C)/4 instead of (H+L+C)/3.

Maybe you should search for "pivot line indicators".


Quoting antonsatu
hi bro and sis,

Please share a the indicator that showing line of (O + H + L + C)/4.

Thank you very much for your kindness and help.
Anton
I'm not trying to convince anyone. I'm not in the "convincing" business.
  • #4
  • Jun 8, 2012 8:12am Jun 8, 2012 8:12am
I think pivot line NOT sum(OHLC)/4.

Please someone help me.

Thank you

Quoting skenobi
Isn't that a pivot line?

I know there are pivot line indicators using (O+H+L+C)/4 instead of (H+L+C)/3.

Maybe you should search for "pivot line indicators".
  • #5
  • Jun 8, 2012 8:18am Jun 8, 2012 8:18am
hello CodeMeister,

I want to plot the LINE of yesterday sum(OHLC)/4 into today chart (m5, m15 or other time frame lower than daily timeframe). I am an intraday trader.

Would you please to help me?

thank you and regards,
anton


Quoting CodeMeister
Can't you use a Simple Moving Average with a period of 1 and a price type of Weighted? That's what I would try.
  • #6
  • Jun 8, 2012 8:28am Jun 8, 2012 8:28am
If this helps then fine.
Up to you to mod to your needs.
Attached File(s)
File Type: mq4 mn OHLC 4.mq4   1 KB | 581 downloads
If you think I'm mad, I must be mad
  • #7
  • Jun 8, 2012 8:54am Jun 8, 2012 8:54am
Hi future,

It does not work.

thanks

Quoting futurespec
If this helps then fine.
Up to you to mod to your needs.
  • #8
  • Jun 8, 2012 8:56am Jun 8, 2012 8:56am
I think it must work!
Depends what you want it to do.

EDIT: If you want it for current bar then set mTF to the TF of the chart
If you think I'm mad, I must be mad
  • #9
  • Jun 8, 2012 10:43am Jun 8, 2012 10:43am
I think what he is after yesterdays OHLC/4 projected to todays chart, line starting from the beginning of the day. should stay fixed in place.
Is that what the shift is for ?
It never gets easier, you just get better
  • #10
  • Jun 8, 2012 10:48am Jun 8, 2012 10:48am
Yes shift of '1' will give previous bars values and it is set to daily TF as default.
'2' = 2 bars prev etc

Set mTF to '0' to get the current chart TF. or to whatever TF you want the result for.

HTH
If you think I'm mad, I must be mad
  • #11
  • Jun 8, 2012 11:27am Jun 8, 2012 11:27am
Try this.

Can you check if the formula is correct what you want.
If not correct it.
It should draw a line for each week on the H1 chart only.

cheers,
Attached File(s)
File Type: mq4 Daily OHLC div4.mq4   3 KB | 660 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #12
  • Jun 8, 2012 4:29pm Jun 8, 2012 4:29pm
Yes Shabs. You are right.
Thank you

Quoting Shabs19
I think what he is after yesterdays OHLC/4 projected to todays chart, line starting from the beginning of the day. should stay fixed in place.
Is that what the shift is for ?
  • #13
  • Jun 8, 2012 4:34pm Jun 8, 2012 4:34pm
Hi emmanuel,

your indi is almost what I need.

1). the color of line should be changeable. your indi always come back to default color (=black)
2). your indicator calculation is different 4 pips than it should be.

Please correct it.

will you help me, please?

Thank you,
Anton



Quoting emmanuel7788
Try this.

Can you check if the formula is correct what you want.
If not correct it.
It should draw a line for each week on the H1 chart only.

cheers,
  • #14
  • Last Post: Jun 8, 2012 4:42pm Jun 8, 2012 4:42pm
Hi future,

Please see the indi from emmanuel.
Please help to make it perfect.

thank you
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