ASI indicator with trendline | Forex Factory

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ASI indicator with trendline

  • #1
  • First Post: Sep 6, 2012 8:42am Sep 6, 2012 8:42am
Hi

I am looking for an ASI indicator with an auto trend line function,if such a thing exists,does anyone know of such a breast?

Also if you know of any variations of this indicator please can you post
Thanks
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Click to Enlarge Name: asi break.gif Size: 17 KB
  • #2
  • Edited 10:20am Sep 6, 2012 10:16am | Edited 10:20am
I am pretty sure an indicator like that would have to be redrawn until an extreme is found almost like zig zag. I have attached the zig zag indicator from MT4, but I recommend finding one that is faster and does its best NOT to redraw.

If can change any chart indicator so you can use it with your EA by right clicking on the indicator in the navigator then click modify and change the line of code that says #property indicator_main_window to #property indicator_separate_window then hit compile and you should be good.

Also, I would play around with the settings of the zigzag indicator, so it fits better with the RSI indicator.
Attached File(s)
File Type: mq4 ZigZag.mq4   6 KB | 783 downloads
  • #3
  • Sep 6, 2012 11:48am Sep 6, 2012 11:48am
Hi Swoosh

Thanks for the reply

I agree a non redraw solution would need to be found but I'm not a programmer so it's out of my scope.

I use the CCI and RSI tendline indicators from True Trendline and these work well but couldn't say how these are coded
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Click to Enlarge Name: true tl.gif Size: 23 KB
  • #4
  • Sep 6, 2012 12:35pm Sep 6, 2012 12:35pm
If you realize that no indicator will work in long term trading, you are out of big tragedy.
  • #5
  • Sep 6, 2012 12:41pm Sep 6, 2012 12:41pm
Quoting robert7
If you realize that no indicator will work in long term trading, you are out of big tragedy.
It depends what you are using it for
The post was regarding an ASI indicator.I don't see the point of your post
  • #6
  • Sep 6, 2012 3:21pm Sep 6, 2012 3:21pm
Quoting robert7
If you realize that no indicator will work in long term trading, you are out of big tragedy.
No ,this is definetly not true.
You have to become an expert with your system and your indis.This is the main problem for us all who will trade with Indis.
You need to have so much time in front of your monitor that you fully understand how the market behave with your system and your Indis.
So everyone have to ask himself if he/she take the time to manage this.
If you could then you are profitable.
That's all.
Like every other job in which you name yourself PROFI .
Greeds Zack
  • #7
  • Sep 6, 2012 4:14pm Sep 6, 2012 4:14pm
Quoting robert7
If you realize that no indicator will work in long term trading, you are out of big tragedy.
To be honest, you are right in my opinion that indicators won't work (themselves). But it's my experience, my trading is mainly based on drawing trendlines and use their breakouts, that trendlines drawn on indicators will often give you an advantage compared to the trendline break on price. While every indicator is lagging (my opinion), trendline breaks on indicators can give you à heads up. Not always, but enough to put it on your list while trading trendlines. Well, it works for me anyway, combined with proper risk management.
  • #8
  • Sep 7, 2012 1:03am Sep 7, 2012 1:03am
Quoting pbb
To be honest, you are right in my opinion that indicators won't work (themselves). But it's my experience, my trading is mainly based on drawing trendlines and use their breakouts, that trendlines drawn on indicators will often give you an advantage compared to the trendline break on price. While every indicator is lagging (my opinion), trendline breaks on indicators can give you à heads up. Not always, but enough to put it on your list while trading trendlines. Well, it works for me anyway, combined with proper risk management.
I especially like the ASI for the trendline break confirmation,hence my search for a lazy ASI indi
  • #9
  • Mar 22, 2016 8:02am Mar 22, 2016 8:02am
Hi guys
Iam looking where to get the ASI indicator. Could someone help me please where to get it?
Thanks
  • #10
  • Last Post: Mar 22, 2016 8:07am Mar 22, 2016 8:07am
Here ya go wolfsch.

Attached File(s)
File Type: ex4 ASI.ex4   10 KB | 1,825 downloads
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