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Nihilist Forex Indicators

  • #2,521
  • Aug 6, 2014 8:24am Aug 6, 2014 8:24am
Quoting erdenmensch
{quote} ...and where can I get the mq4-file? What ist behind the indicator? Thanks.
Why keep asking the same thing ? There's no .mq4 file for the indicators posted by Nihilist. That's his choice and has to be respected.
MT4/MT5 EAs/Indicators/Alerts coder
  • #2,522
  • Aug 6, 2014 8:56am Aug 6, 2014 8:56am
I am using Nihilist's RSIOMA indicator and finding that when the thicker line crosses the thinner line, that can can be used as an entry point across any TF. Just follow the direction the thicker line is moving. Also, preferable to look for divergence as a confirmation for the trend. Is the TrendCycle indicator built off of this? Or are the other indicators built off of RSIOMA? RSIOMA seems somewhat more accurate than TrendCycle.
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  • #2,523
  • Aug 6, 2014 9:02am Aug 6, 2014 9:02am
Well, that earlier signal would have worked out perfectly. Not 100% sure what is best combination yet. If its one trigger condition (with others already confirmed) or if i need 2 or all 3 at same time. Also exits are definitely a work in progress.

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  • #2,524
  • Aug 6, 2014 9:06am Aug 6, 2014 9:06am
Quoting san99
I am using Nihilist's RSIOMA indicator and finding that when the thicker line crosses the thinner line, that can can be used as an entry point across any TF. Just follow the direction the thicker line is moving. Also, preferable to look for divergence as a confirmation for the trend. Is the TrendCycle indicator built off of this? Or are the other indicators built off of RSIOMA? RSIOMA seems somewhat more accurate than TrendCycle.
I am not sure if Trend Cycle or RSIOMA have any dependency on each other or not. I know that RSIOMA is needed for CSM to work so SCM is dependent on RSIOMA.

I like the RSIOMA indicator to as well as Trend Cycle. Both can be used as an Oscillator type indicator.
Faith ends where worry begins, and worry ends where faith begins.
  • #2,525
  • Aug 6, 2014 9:06am Aug 6, 2014 9:06am
Quoting FerruFx
{quote} Why keep asking the same thing ? There's no .mq4 file for the indicators posted by Nihilist. That's his choice and has to be respected.
Faith ends where worry begins, and worry ends where faith begins.
  • #2,526
  • Aug 6, 2014 9:08am Aug 6, 2014 9:08am
Quoting MataNui
Well, that earlier signal would have worked out perfectly. Not 100% sure what is best combination yet. If its one trigger condition (with others already confirmed) or if i need 2 or all 3 at same time. Also exits are definitely a work in progress. {image}
Have you tried the original templates posted on here, that would be a great place to start for a good combination. Exits you can choose, there are several listed on the thread, just have to look a little. Hope it helps brother.
Faith ends where worry begins, and worry ends where faith begins.
  • #2,527
  • Aug 6, 2014 9:10am Aug 6, 2014 9:10am
Quoting MataNui
{quote} Why do you want the mq4? Its not needed to actually use the indicators so the only reason to want it is to modify it or a lot of people want mql files to create different indicators based on the original or use the code in an EA. My post was basically saying you dont need the mq4. If you tell us why you want it then someone might be able to offer some proper advice.
I need the code to compile it in mq5 code for MT5.
  • #2,528
  • Aug 6, 2014 9:17am Aug 6, 2014 9:17am
Quoting erdenmensch
{quote} I need the code to compile it in mq5 code for MT5.
Then you will have to come to some arrangement with the owner OR pay to get it decompiled. I do get where you are coming from though. It is one of my main concerns with indicators that dont have the mql. My worry is that i will find it indispensable then metaquotes will do something stupid (or something else stupid) and i wont be able to use it anymore. At least if you have the mql you can always recreate the method on another platform.

I believe there will be some paid for services that should be able to decompile the ex4 but i would only suggest as a last resort.
  • #2,529
  • Aug 6, 2014 9:33am Aug 6, 2014 9:33am
Quoting MataNui
I believe there will be some paid for services that should be able to decompile the ex4 but i would only suggest as a last resort.
So in other words, you are giving advice here to make something illegal (decompile) with the indicators of the thread starter ?

You have no respect for the coders work ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #2,530
  • Aug 6, 2014 10:00am Aug 6, 2014 10:00am
Quoting FerruFx
{quote} So in other words, you are giving advice here to make something illegal (decompile) with the indicators of the thread starter ? You have no respect for the coders work ...
I did first suggest coming to an arrangement with the OP. To be honest i think that if you share things like indicators etc on a public forum then there should be some rules. I know a lot of people will disagree but hear me out first.

In the software world we have several types of open source license. I am pretty sure most people who create/share indicators etc could find a license that is appropriate. The company i worked for created productivity tools for Microsoft development environments. A few of these tools have been shared as opensource on codeplex. I have also created derivative works based on these and now i am self employed it is not uncommon for me to be asked to provide the source with a sort of escrow service so if something happens to me or i simply cant be bothered anymore my customers are not left in the cr*p.

So the way i see it (as a developer who has shared code before) there are 3 real choices. Either charge for the product and be prepared to support it (or face a court case if things go belly up), Release the source at the start under an appropriate open source license or make a commitment to release the source if you can no longer develop it further. So for you to suggest i have not respect for the coders work is pretty pathetic. In fact its because i do have the respect for the usefulness of some of the work released that i believe we need to have these rules.

As things stand there really is not much point trying to build a long term working system around what the OP posted. The stuff works today but all support for pre 600 builds of mt4 is ending. Its pretty much a certainty that at some point in the next few years (if that long) any indicators, EAs coded in the old mql format will also not be supported in future MT4 updates. So where does that leave you?
  • #2,531
  • Aug 6, 2014 11:28am Aug 6, 2014 11:28am
Quoting MataNui
{quote} Then you will have to come to some arrangement with the owner OR pay to get it decompiled. I do get where you are coming from though. It is one of my main concerns with indicators that dont have the mql. My worry is that i will find it indispensable then metaquotes will do something stupid (or something else stupid) and i wont be able to use it anymore. At least if you have the mql you can always recreate the method on another platform. I believe there will be some paid for services that should be able to decompile the ex4 but i would only...
This is unbelievable. Please do not ever suggest something like this.

Lets show some respect to our friend Nihilist shall we brother.
Faith ends where worry begins, and worry ends where faith begins.
  • #2,532
  • Aug 6, 2014 11:37am Aug 6, 2014 11:37am
Quoting MataNui
{quote} I did first suggest coming to an arrangement with the OP. To be honest i think that if you share things like indicators etc on a public forum then there should be some rules. I know a lot of people will disagree but hear me out first. In the software world we have several types of open source license. I am pretty sure most people who create/share indicators etc could find a license that is appropriate. The company i worked for created productivity tools for Microsoft development environments. A few of these tools have been shared as opensource...
Hello my brother MataNui,

I understand where you are coming from. What you are saying makes sense and I respect it. Also I respect the coder like you do. He has been asked many times before on this thread and off this thread to share his work and he stated he does not want to. We must respect this because ultimately he is the owner.

We can ask Tim Cook CEO of Apple to have an Open Source software, right? I own an iPhone and feel that I should be able to customize my iPhone, but in the end the company does not want to go this route and still I buy Apple products. Why? Because I enjoy it. What happens if everyone disappears from Apple?

I will cross that bridge when it happens. No need to worry about that now. What happens if we get hit with a big Metroid tomorrow, or we become a one world currency? Will the code do any good then? Let us cross that bridge when it happens and enjoy what we have now.

If our brother Nihilist decides to share he will with us. He has been nothing but kind to us. Let us respect how he decides to share his indicators to us. Hope you understand my brother.
Faith ends where worry begins, and worry ends where faith begins.
  • #2,533
  • Aug 6, 2014 11:55am Aug 6, 2014 11:55am
Quoting forexvegan
{quote} Hello my brother MataNui, I understand where you are coming from. What you are saying makes sense and I respect it. Also I respect the coder like you do. He has been asked many times before on this thread and off this thread to share his work and he stated he does not want to. We must respect this because ultimately he is the owner. We can ask Tim Cook CEO of Apple to have an Open Source software, right? I own an iPhone and feel that I should be able to customize my iPhone, but in the end the company does not want to go this route and still...
Couldn't agree better.
  • #2,534
  • Aug 6, 2014 2:17pm Aug 6, 2014 2:17pm
Quoting forexvegan
{quote} Hello my brother MataNui, I understand where you are coming from. What you are saying makes sense and I respect it. Also I respect the coder like you do. He has been asked many times before on this thread and off this thread to share his work and he stated he does not want to. We must respect this because ultimately he is the owner. We can ask Tim Cook CEO of Apple to have an Open Source software, right? I own an iPhone and feel that I should be able to customize my iPhone, but in the end the company does not want to go this route and still...
Its not quite the same. With Apple there is a commercial imperative as they charge a fortune for their devices. In the case of many indicators posted on this and other forums (not just by Nihilist) they are given freely so there isnt really any commercial reason not to release the source.

I guess what i am trying to say is i understand why the poster asked for the MQL and i provided an answer. AND its an answer we all may be thinking about some day. You all probably got emails from your brokers about pre 600 builds stopping working in a few weeks. For most people this might not seem like such a big deal but it actually has some important ramifications. For example it will no longer be possible to backtest offline charts such as renko and range bars. We used to be able to backtest these in the mt4 strategy tester by creating a dummy server. With build 600 the server structure has changed making this impossible. If you still have a build 509 then you can still do it but when build 509 stops getting a data feed then thats it.

One day (probably pretty soon) there will be an update that renders all indicators etc programmed using the old mql (proper mql4) useless. Its an obvious and logical upgrade path since the eventual aim will be end of life for mt4 and easy transition to mt5. ALL OF YOU need to be thinking about this if you are actually making money out of system such as this.

Nihilist. If i offended you earlier then i apologize. But the truth is that unless posters like yourself are prepared to make some commitment regarding eventual source release or creating indicators for mt5 also then threads like this are ultimately pointless since it wont be possible to make long term profits.
  • #2,535
  • Aug 6, 2014 2:53pm Aug 6, 2014 2:53pm
Quoting fx_mig
{quote} Continuations - all at screens {image} {image}
According to PA, today we had nice price reaction on hitting weekly trendline with the confluence of daily resistance, what's next? Up or down?

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  • #2,536
  • Aug 6, 2014 10:07pm Aug 6, 2014 10:07pm
Quoting Szpons
{quote} According to PA, today we had nice price reaction on hitting weekly trendline with the confluence of daily resistance, what's next? Up or down? {image}
100% right brother, below my chart with desc.:

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Yesterday price drew a doji - classic indecision - was left to wait
Only price
  • #2,537
  • Aug 6, 2014 11:22pm Aug 6, 2014 11:22pm
Very interesting situations at AUD/USD:


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and W1 for interested

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I entered too late (ideal point at red circle - retest engulf and d1 SR) but yesterday I was away from the computer: ( SL is mental. If price turn around I'll cut off early.
Only price
  • #2,538
  • Aug 6, 2014 11:43pm Aug 6, 2014 11:43pm
Quoting MataNui
{quote} Then you will have to come to some arrangement with the owner OR pay to get it decompiled. I do get where you are coming from though. It is one of my main concerns with indicators that dont have the mql. My worry is that i will find it indispensable then metaquotes will do something stupid (or something else stupid) and i wont be able to use it anymore. At least if you have the mql you can always recreate the method on another platform. I believe there will be some paid for services that should be able to decompile the ex4 but i would only...
You are skating on very thin ice here my friend, ForexFactory staff might just take notice of this post and take action.
  • #2,539
  • Aug 6, 2014 11:48pm Aug 6, 2014 11:48pm
Quoting MataNui
{quote} Its not quite the same. With Apple there is a commercial imperative as they charge a fortune for their devices. In the case of many indicators posted on this and other forums (not just by Nihilist) they are given freely so there isnt really any commercial reason not to release the source. I guess what i am trying to say is i understand why the poster asked for the MQL and i provided an answer. AND its an answer we all may be thinking about some day. You all probably got emails from your brokers about pre 600 builds stopping working in a...


Yes, they are free of charge and are good for nothing. No thank you, the Nihilist Forex Indicator repaint. I have a pretty better one in mq4.
  • #2,540
  • Aug 7, 2014 12:06am Aug 7, 2014 12:06am
Such a general remark after reading a few recent posts. I like FF because the people here tend to help each other and respect their work. Unfortunately, recently begins to be here as a forum for Polish whence fled. Please do not keep doing the threading on FF dumpster. Each post should something enter in the thread and allow to develop their skills. Respect yourself and respect others. If you do not intend to write this - just do not write. Thanks. Let's get back to the charts and let's get trading
Only price
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