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Recent SR indicator

  • #201
  • Edited Sep 22, 2012 12:44am Sep 21, 2012 11:59pm | Edited Sep 22, 2012 12:44am
This picture attachment is using the Recent SR with TST file and no other indicators attached. The vertical dashed lines are 1 day, and this is on a M15 chart, so that you can see the how long some of these lines are travelling.

Each of the SR lines starts at a QP, however, they are not obeying the 24 from 24,R,H1 setting in the LineOrBandLength variable, but they are stopping before the current time of the chart, so they are also not behaving like the rays use to with the old indicator....


Afterwards I edited the TST file, to only map LOWs, and instead of obviously dozens of lines (in picture below) there were only 8 lines wrong between 4th May and present time.
Is it possible that somehow the indicator is getting lost in all the different calculations?

Also how are you finding Pepperstone? I was thinking of changing to them from Go....
Attached Image (click to enlarge)
Click to Enlarge Name: Using the TST Presets.jpg Size: 117 KB
  • #202
  • Sep 22, 2012 9:29am Sep 22, 2012 9:29am
Quoting lock.n.load
Each of the SR lines starts at a QP, however, they are not obeying the 24 from 24,R,H1 setting in the LineOrBandLength variable
LnL,

This is a difficult problem to troubleshoot because I can't reproduce the problem, unless I have exactly the same br0ker price data and parameter settings that you have. It is too difficult to see which lines are incorrect in your screenshot, as I can't run a vertical crosshair across them to see their start and end times.

As explained in post #199, I use the output file to verify the result. The file lists the first (leftmost) and last (rightmost) QP in each price band. Suppose I find a line in the chart that doesn't appear to end at the correct point. I hover the mouse cursor over the line. The cream-colored informational bubble pops up and It gives a value like Recent SR-0099940-1048. Hence I go to the file and find the value 01048 in the third column. The columns to the right give me the date/time of the last QP in that price band. I can (1) calculate the date/time 24 hours into the future of that QP, and verify that the line is ending at the correct point, and (2) verify that the candle at the time of rightmost QP is a valid QP, i.e. that it meets the frequency, visibility, etc criteria in the parameter settings. There were lines that looked wrong to me, but the data in the file helped me to discover that there was, in fact, an 'inconspicuous' valid (rightmost) QP that my eyes didn't pick up, at first glance. On a M15 chart, I would expect the line to plot as far as 96 M15 candles (24 hours) to the right of the last QP.

All I can suggest is that you perform the same check. It is quite possible that there's a bug in the code, but unless I can find an incorrectly plotted line myself, then I have no starting point for debugging the code.

Quoting lock.n.load
but they are stopping before the current time of the chart, so they are also not behaving like the rays use to with the old indicator....
If you want the indy to work the way that it did previously, set LineOrBandLength to "0".

Quoting lock.n.load
Also how are you finding Pepperstone? I was thinking of changing to them from Go....
The gentleman you need to talk to is my business partner. Unlike me, he is a pro trader, and runs (quite large) accounts with both Go Markets and Pepperstone. I can't post a link here, as his is a commercial venture. Please feel welcome to PM me if you would like his contact details.

David
  • #203
  • Sep 22, 2012 6:34pm Sep 22, 2012 6:34pm
Quoting hanover
As explained in post #199, I use the output file to verify the result. The file lists the first (leftmost) and last (rightmost) QP in each price band. Suppose I find a line in the chart that doesn't appear to end at the correct point. I hover the mouse cursor over the line. The cream-colored informational bubble pops up and It gives a value like Recent SR-0099940-1048. Hence I go to the file and find the value 01048 in the third column. The columns to the right give me the date/time of the last QP in that price band. I can (1) calculate the...
That's fine. Reducing the number of QPs made the errors only 8 in over 6 months worth of M5 charts which I can manually change, and as they are not occuring on Pepperstone, it could be simply the charts fault, or my Win7 OS.

It has still saved me a huge amount of time, correcting 8 lines as opposed to 400 before your edit....

So thank you very much, much appreciated...

Quoting hanover
The gentleman you need to talk to is my business partner. Unlike me, he is a pro trader, and runs (quite large) accounts with both Go Markets and Pepperstone. I can't post a link here, as his is a commercial venture. Please feel welcome to PM me if you would like his contact details.
Thanks, I'll PM you...

lnl
  • #204
  • Sep 24, 2012 4:48pm Sep 24, 2012 4:48pm
Quoting lock.n.load
That's fine. Reducing the number of QPs made the errors only 8 in over 6 months worth of M5 charts which I can manually change, and as they are not occuring on Pepperstone, it could be simply the charts fault, or my Win7 OS.

It has still saved me a huge amount of time, correcting 8 lines as opposed to 400 before your edit....

So thank you very much, much appreciated...



Thanks, I'll PM you...

lnl
As I've not been able to reproduce the problem, and you're apparently now OK with the outcome, I'll put this one to rest now.

David
  • #205
  • Sep 24, 2012 5:25pm Sep 24, 2012 5:25pm
Quoting hanover
As I've not been able to reproduce the problem, and you're apparently now OK with the outcome, I'll put this one to rest now.

David
Hi David,

Yes, thanks for your fantastic efforts with the indicator.... When it comes through to it you have saved me a heap of time.

I also realise that we could check and correct for a 100 years and come to the outcome that it it was my particular platform or the data feed or win7 OS or etc.....

And as I am using this new additional feature for back testing, and using normal ray settings for forward testing / trading you have saved me hundreds of hours of setting up my back testing, which will help me immensely with my live trading.

Thank you, I see clearly why you have 10+ vouchers from members of FF...

lnl
  • #206
  • Dec 26, 2012 9:02am Dec 26, 2012 9:02am
Hello hanover,

The indi on post 1 doesn't compile. I get this error: " 'StrToColorArray' - function is not defined "

Happy holidays. Thanks.
  • #207
  • Dec 26, 2012 9:49am Dec 26, 2012 9:49am
Quoting fxtrade13
Hello hanover,

The indi on post 1 doesn't compile. I get this error: " 'StrToColorArray' - function is not defined "

Happy holidays. Thanks.
Hi,

Looks like there's a bug in the .mq4, hence I've deleted it from post #1.
The .ex4 seems to work OK.

Happy holidays to you also.

David
  • #208
  • Jul 16, 2013 7:51am Jul 16, 2013 7:51am
Am looking for an indi which draws s/r from the highs and lows created with zigzag indicator and keeps them on the chart until they are violated and then on the next day are removed. Is it possible to set up this indicator to behave in such a manner. I have yet to see how to set it up in this way but would love to do so. I have attached a screenshot for reference. I am using constant range bars so it may look slightly different than your chart.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m2-fxpro-financial-services.png Size: 71 KB
  • #209
  • Oct 3, 2013 6:08pm Oct 3, 2013 6:08pm
Hi David Hanover,

I find your indicator very interesting but I have no the software needed to test your indicator.
I would like to code himself in Java but I don't find the source code, just a compiled code.
You don't share it any longer ?

Cheers,
David
  • #210
  • Edited 11:26pm Oct 3, 2013 10:22pm | Edited 11:26pm
Quoting dbundy
Hi David Hanover, I find your indicator very interesting but I have no the software needed to test your indicator. I would like to code himself in Java but I don't find the source code, just a compiled code. You don't share it any longer ? Cheers, David
I have attached the source file 'Recent SR original.mq4' to post #1 for you.

Judging by my comment in post #207, it may contain bug(s). I can't recall what they were. Hence download and use it at your own risk. I haven't looked at the code for several months, and I've no desire to revisit it, as I no longer use the indicator myself.

Please understand that I'm not employed by Forex Factory to provide service to its members. As the indicators that I post here are FREE, they're offered on a 'take it or leave it' basis. Meantime, I'm busy working on my own projects.

Anyway, I hope that the source code is useful to you.
  • #211
  • Oct 4, 2013 2:03am Oct 4, 2013 2:03am
Hi,

Thanks you.
I understand very well your point of view, no problem.

Nevertheless, your remark questions myself.
You no longer use the indicator because you have found a better ?
I looked fastly the code, it's well coded.

Thanks again.
David
  • #212
  • Oct 4, 2013 2:53am Oct 4, 2013 2:53am
Quoting dbundy
Nevertheless, your remark questions myself. You no longer use the indicator because you have found a better ?
Hi David,

I started studying the forex markets in 2006. My goal has always been to write profitable automated traders (aka Expert Advisors or EAs).

During my 7 year journey, I've developed and tested many indicators. I've experimented with many different ideas, strategies and systems. Support and resistance was one idea that I was very interested in at one point, hence the Recent S/R indicator, but I believe I have discovered sharper cutting edges, since then. (For example, I now view supply and demand zones as being more useful than S/R — see the attached indicator).

You can find some of my latest thoughts in my later posts, most recently in this thread (mim2005 is my research partner), and also (for example) here here here here and here.

Having said all this, I believe it is for each individual to find their own ideas, and build a methodology that they feel comfortable with.

Good luck,
David
Attached File(s)
File Type: mq4 II_SupDem v2.mq4   33 KB | 1,597 downloads
  • #213
  • Oct 4, 2013 3:18am Oct 4, 2013 3:18am
You look to be a passionate person.
You are bound to find the graal if not done yet.

I don't know the "view supply and demand zones".
I will try to test your indicator and I will give my mind then.

I agree with you.There are so ways of tackle the market graphically.
  • #214
  • Oct 4, 2013 4:22am Oct 4, 2013 4:22am
I have installed metatrader for testing your indicator.
Excellent indicator. It is by essence more flexible than the rigid thin s/r line which reflects not always the exact point.
I like much it.
Then, according the trends, we must enter or exit at the end or the start of the zone.

I am reading your thread carefully and will study your code to understand the logic of this indicator.

No relation, but Recent SR displays nothing in the screen.
I looked in the params but I don't see the reason.
Maybe because of the quotations count ?
In the downloaded version, I have only H4 period and for 6 months only.
It may be that ?

See you soon.
  • #215
  • Oct 4, 2013 10:53am Oct 4, 2013 10:53am
Quoting dbundy
I have installed metatrader for testing your indicator. Excellent indicator. It is by essence more flexible than the rigid thin s/r line which reflects not always the exact point. I like much it. Then, according the trends, we must enter or exit at the end or the start of the zone. I am reading your thread carefully and will study your code to understand the logic of this indicator. No relation, but Recent SR displays nothing in the screen. I looked in the params but I don't see the reason. Maybe because of the quotations count ? In the downloaded...

The II_SupDem v2 indicator was written by bredin (more info here), not me.

I don't know why you can't get Recent SR to work. It plots lines correctly on my computer. I am running Pepperstone MT4 build 509 on Win XP Pro SP2. You will need to experiment for yourself. If you're unfamiliar with MT4, this post may help. If all else fails, I have provided the source code for you; please feel welcome to fix it, for your own use.
  • #216
  • Feb 6, 2014 8:55am Feb 6, 2014 8:55am
Where can I download this Hanover SR indicator? Thank you
Attached Image (click to enlarge)
Click to Enlarge Name: tumblr_kxfqi1Zmjq1qauzjvo1_1280.png Size: 67 KB
  • #217
  • Feb 6, 2014 11:27am Feb 6, 2014 11:27am
Quoting nussane
Where can I download this Hanover SR indicator? Thank you {image}
Post #1 of this thread. The 'Recent SR original.mq4' indy works better than 'Recent SR.ex4'

However, many of the indicators that I've shared on FF will probably need to be re-coded, if you want them to run on MT4 build 600.
  • #218
  • Feb 7, 2014 7:18am Feb 7, 2014 7:18am
any way i can have the older ver of the mt4 ?
  • #219
  • Jun 5, 2014 4:54pm Jun 5, 2014 4:54pm
Quoting cobraforex
Works fantastic David, well done. I think it can be of great value for our THV EA after fine tuning the settings. {image}
What are the oblique lines on the picture ? Are they manually drawn ? Thanks.
  • #220
  • Aug 11, 2014 11:26am Aug 11, 2014 11:26am
hi...would u plz blog the link to download the template which work with recent updated mt 4
3nx
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