Hello everybody,
I would like to share two indicators.
Put these indicators to "...\MetaTrader\experts\indicators\".
1. fxsh Price Action Helper 1.1 (PAH)
whatever your trading system is, PAH can help you determine entry and exit spots, it is mostly useful if Price Actions is part of your trading system.
Lines' description is as below:
DO: Day Open price
WO: Week Open price
PDL: Previous Day's Low
PDH: Previous Day's High
PWL: Previous Week's Low
PWH: Previous Week's High
DATR: Daily Average True Range High and Low
The top and bottom levels of the average daily range of movement. These levels are calculated using the 20 period Average True Range indicator on the daily chart. This volatility number is then divided by 2 and added/subtracted to the day's open price.
WATR: Weekly Average True Range High and Low
The top and bottom levels of the average weekly range of movement. These levels are calculated using the 20 period Average True Range indicator on the weekly chart. This volatility number is then divided by 2 and added/subtracted to the week's open price. (For more info about ATR look at this)
Major_Ps_Levels : Price levels ending in 00
Minor_Ps_Levels : Price levels ending in 50
Daily_PP : Daily Pivot Points according to the end of the US trading session (4 pm ET).
NY: New York closing time (16:00 EST)
http://www.fxsheed.com/FFP/1-PAH.gif
2. fxsh News 1.1
I have introduced fxSheed Desktop Calendar on this thread.
Some people ask for news indicator instead of news Script, so here it is.
If you do not want your chart be messy, simply attach an indicator like Stochastic to a chart then attach fxsh News 1.1 to that chart and change Window_Number to 1.
http://www.fxsheed.com/FFP/1-news.gif
Trade Well,
I would like to share two indicators.
Put these indicators to "...\MetaTrader\experts\indicators\".
1. fxsh Price Action Helper 1.1 (PAH)
whatever your trading system is, PAH can help you determine entry and exit spots, it is mostly useful if Price Actions is part of your trading system.
Lines' description is as below:
DO: Day Open price
WO: Week Open price
PDL: Previous Day's Low
PDH: Previous Day's High
PWL: Previous Week's Low
PWH: Previous Week's High
DATR: Daily Average True Range High and Low
The top and bottom levels of the average daily range of movement. These levels are calculated using the 20 period Average True Range indicator on the daily chart. This volatility number is then divided by 2 and added/subtracted to the day's open price.
WATR: Weekly Average True Range High and Low
The top and bottom levels of the average weekly range of movement. These levels are calculated using the 20 period Average True Range indicator on the weekly chart. This volatility number is then divided by 2 and added/subtracted to the week's open price. (For more info about ATR look at this)
Major_Ps_Levels : Price levels ending in 00
Minor_Ps_Levels : Price levels ending in 50
Daily_PP : Daily Pivot Points according to the end of the US trading session (4 pm ET).
NY: New York closing time (16:00 EST)
http://www.fxsheed.com/FFP/1-PAH.gif
2. fxsh News 1.1
I have introduced fxSheed Desktop Calendar on this thread.
Some people ask for news indicator instead of news Script, so here it is.
If you do not want your chart be messy, simply attach an indicator like Stochastic to a chart then attach fxsh News 1.1 to that chart and change Window_Number to 1.
http://www.fxsheed.com/FFP/1-news.gif
Trade Well,
Attached File(s)
