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High low bar chart only & how to trade them!

  • #101
  • Jun 14, 2013 1:24am Jun 14, 2013 1:24am
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  • #102
  • Jun 14, 2013 2:03am Jun 14, 2013 2:03am
I decided to release this newer version of indicator EA (does not trade) after recidiviste pm-ed me. Basically i added some more functionalities to enable users to see slightly more clearly for the past trendlines' projections.

As usual, the defineable externs are the followings. For those not sure about what is "externs", it means you can change the properties like
bool from true to false,
int from 5 to 10 or
color from Yellow to Blue etc.

extern bool AlertText = true;
extern bool PrintText = true;
extern int ClearancePips = 5;
extern int LookBackBars = 100;
extern color OutSideBarColor = Magenta;
extern color InSideBarColor = Yellow;
extern bool OriginalTrigger = true;

there are two notable mentions in the externs which others should be self-explanatory.
1) the LookBackBars look back to check past bars, to define the trendlines. In the event that no past higher high was found for a buy trend line, a horizontal line will be drawn from the last outside bar. There are instances whereby price just shoots up / down and never looked back.
2) OriginalTrigger (true) is the original trigger from the first EA. Setting it to false will trigger alerts based on pickers 's style (please note this is just my style and not conclusive of what this thread is all about).

Have fun!
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  • #103
  • Jun 14, 2013 2:17am Jun 14, 2013 2:17am
Quoting pickers
I decided to release this newer version of indicator EA (does not trade) after recidiviste pm-ed me. Basically i added some more functionalities to enable users to see slightly more clearly for the past trendlines' projections. As usual, the defineable externs are the followings. For those not sure about what is "externs", it means you can change the properties like bool from true to false, int from 5 to 10 or color from Yellow to Blue etc. extern bool AlertText = true; extern bool PrintText = true; extern int ClearancePips = 5; extern int LookBackBars...




thanks very very much will test asap

regards
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  • #104
  • Jun 14, 2013 2:41am Jun 14, 2013 2:41am
Quoting pickers
I decided to release this newer version of indicator EA (does not trade) after recidiviste pm-ed me. Basically i added some more functionalities to enable users to see slightly more clearly for the past trendlines' projections. As usual, the defineable externs are the followings. For those not sure about what is "externs", it means you can change the properties like bool from true to false, int from 5 to 10 or color from Yellow to Blue etc. extern bool AlertText = true; extern bool PrintText = true; extern int ClearancePips = 5; extern int LookBackBars...


The past his history; thanks to your smart code NOW ITS NOT A MISTERY !
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  • #105
  • Jun 14, 2013 3:39am Jun 14, 2013 3:39am
looks good very good !

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  • #106
  • Jun 14, 2013 5:50am Jun 14, 2013 5:50am
Quoting pickers
I decided to release this newer version of indicator EA (does not trade) after recidiviste pm-ed me. Basically i added some more functionalities to enable users to see slightly more clearly for the past trendlines' projections. As usual, the defineable externs are the followings. For those not sure about what is "externs", it means you can change the properties like bool from true to false, int from 5 to 10 or color from Yellow to Blue etc. extern bool AlertText = true; extern bool PrintText = true; extern int ClearancePips = 5; extern int LookBackBars...

HELLO PICKERS

please can you explain in great details the logic of the alert


when

extern int ClearancePips = 5;
extern bool OriginalTrigger = true;

its like a limit order correct ???

support - 5 pips = get alert sell

resistance + 5 pips = get alert to buy

this is when s<r

but what about when s>r ?


thanks & regards
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  • #107
  • Jun 14, 2013 6:11am Jun 14, 2013 6:11am
Quoting recidiviste
{quote} HELLO PICKERS please can you explain in great details the logic of the alert when extern int ClearancePips = 5; extern bool OriginalTrigger = true; its like a limit order correct ??? support - 5 pips = get alert sell resistance + 5 pips = get alert to buy this is when s<r but what about when s>r ? thanks & regards
Based on the original trigger, i set

Quote
if ( Bid > BuyTrendLine + ClearancePips * TPoints && LastBidPrice < BuyTrendLine + ClearancePips * TPoints && LastTrigger != "Buy")

Which means when price goes above BuyTrendLine ( based on post 73 as Resistance ) + Clearance Pips , it will trigger an alert. I cant say it is a limit but more like a trade trigger instead.

As long as it is Resistance line(BuyTrendline) it is a buy. For support line (Sell Trendline) it is a sell. I didnt do anything for s<r or s>r unless you have specific trading instructions for me to code.
  • #108
  • Jun 14, 2013 6:22am Jun 14, 2013 6:22am
Quoting pickers
{quote} Based on the original trigger, i set {quote} Which means when price goes above BuyTrendLine ( based on post 73 as Resistance ) + Clearance Pips , it will trigger an alert. I cant say it is a limit but more like a trade trigger instead. As long as it is Resistance line(BuyTrendline) it is a buy. For support line (Sell Trendline) it is a sell. I didnt do anything for s<r or s>r unless you have specific trading instructions for me to code.

thanks very clear for me

i am testing & will post any suggestion ; next week i think

wish you a very good weekend

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  • #109
  • Jun 14, 2013 7:35am Jun 14, 2013 7:35am
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  • #110
  • Jun 14, 2013 7:50am Jun 14, 2013 7:50am
Quoting pickers
{quote} Based on the original trigger, i set {quote} Which means when price goes above BuyTrendLine ( based on post 73 as Resistance ) + Clearance Pips , it will trigger an alert. I cant say it is a limit but more like a trade trigger instead. As long as it is Resistance line(BuyTrendline) it is a buy. For support line (Sell Trendline) it is a sell. I didnt do anything for s<r or s>r unless you have specific trading instructions for me to code.



Hello mr pickers

Thanks again for you kind coding

So I will put all my ideas here under; up to you see witch one’s are easy/faster to code or you think are more relevant.


· One or both of the Outside bar are a high or a low for the day

Idea is if one of the 2 outside bar that is used to draw a line is or a high or a low for that day; then the line has more power.

This high or low of the day can be on a different day when line cross 00.00.

Display: think easy display is to have a specific color line for that case (example gold)


· Power of lines

The power formula is (Units/pips)*100 = x rounded

Example of a very flat line +10 pips & units of the time frame example 2 days of 5 minutes = 576

(576/10)*100 = power is 5760

As we fix the lookbarback number in the ea/indi we know the max length of the line.
Line can be that long….. or longer.

extern int LookBackBars = 5000;

Lets imagine a very flat line ( 5000/2) * 100 = max power is 250 000 or more for example.

Would be nice see that number near the end of each line; near the last price.

I understand in some case we cannot find that data …..; don’t know how to handle that;
…..

· Break rules


The trigger alert is perfect !
The only think maybe we can improve is to know when this trigger happen; are we in:

S<r = normal situation
Or
s>r = the one I call 2*cross (as there is a swing inside that); I believe that this pattern make the trigger more important ; more powerful

but have no idea about the potential display ….



· Custom bar code

This topic looks boring; but it has a great importance.

Now we use 3 different indicators to build the bars; the all system is not great at all and not fast.

Basic is the high low only indicator with all bars high low in the same color; then the 2 others give the flavor; the color.

I explained before why I think those trend lines are faster & secure then trying to spot the HH or LL & get repainted a few time ….or be behind the curve with non repaint ZZ.

On close we are sure that that bar is an outside bar & that its high & low is at x position compare to a higher or lower previous outside bar = its 100 percent sure!

BUT WE CAN BE EVEN FASTER and bet the close time limit !

If our last bar logic is working on live; then the occurrence of an outside bar can be confirmed BEFORE THE CLOSE (from time to time) and send the data to the EA/indi.

IF the last bar High > previous bar high & Low < previous bar low = we are sure 100 pct it’s an outside bar; even if still move; what ever is the close it will stay an outside bar !

We won’t be sure of the final high or low exact level; that's the negative point

Maybe we can use that speed in our favor ?????

please kindly comment what you think about all those ideas; i posted a lot of pics about them already i think; but if any question remarks just let me know will try answer

Have a good weekend (off for the day on my side)
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  • #111
  • Jun 15, 2013 12:22am Jun 15, 2013 12:22am
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  • #112
  • Jun 15, 2013 12:40am Jun 15, 2013 12:40am
coffee lover ' s i even found a great radio station called black coffee with nice music ...

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  • #113
  • Jun 15, 2013 12:47am Jun 15, 2013 12:47am
here outside bar the last one was a high for the day * resistance was very long very strong very flat + support line very very steap .....

only bug was bar quiet long so stop loss not easy

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  • #114
  • Jun 15, 2013 12:49am Jun 15, 2013 12:49am
same with zome

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  • #115
  • Jun 15, 2013 12:55am Jun 15, 2013 12:55am
http://www.zwani.com/graphics/commen...comment-me.jpg

please friends we need comments to improve the system !

suggestions please put pics drawing etc its easyer to understand

thanks
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  • #116
  • Jun 15, 2013 2:45am Jun 15, 2013 2:45am
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  • #117
  • Jun 15, 2013 2:48am Jun 15, 2013 2:48am
hello pickers

how are u today ? its afthernoon fr u ?

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  • #118
  • Jun 15, 2013 2:55am Jun 15, 2013 2:55am
here the break is powerfull S>R



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  • #119
  • Jun 15, 2013 3:01am Jun 15, 2013 3:01am
i think most of the guys are looking for this

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not sure it exist yet ...

but maybe this strategy can help ... i hope
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  • #120
  • Jun 15, 2013 3:10am Jun 15, 2013 3:10am
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