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Do you know this indicator's name please?

  • #1
  • First Post: Dec 17, 2014 12:25am Dec 17, 2014 12:25am
Hi

Does anyone know the indicators name that plots the red and the green lines at the edge of the candles?

I know it repaints and its probable a pile of rubbish but wanted to check it out.

I saw it here at FF a while ago but can remember from who or what it was called.

So not the arrow indicator marked with the circles but the red and green line indicator at the edge of the candles .

Thanks for your time

Rooi
Attached Image (click to enlarge)
Click to Enlarge Name: indicator.png Size: 167 KB
We miss 100% of the shots we don't take
  • #2
  • Dec 17, 2014 12:40am Dec 17, 2014 12:40am
I know this indi with two names
1. Supper signals channel
2. High Low
My Pips Stolen By The Broker
  • #3
  • Dec 17, 2014 12:43am Dec 17, 2014 12:43am
Quoting kjaved
I know this indi with two names 1. Supper signals channel 2. High Low
Thank you for the info.

Did you see it here at ForexFactory or somewhere else

Thanks for you time
We miss 100% of the shots we don't take
  • #4
  • Dec 17, 2014 12:56am Dec 17, 2014 12:56am
Think I found the code for it from here : http://www.indicatorsmt4.com/indicat...als-channel-2/



Code : http://www.indicatorsmt4.com/wp/wp/i...ls-channel.mq4


Would someone please please please compile it for me as I get 2 warnings when I compile it


//+------------------------------------------------------------------+
//| super-signals-channel.mq4 |
//| Copyright 2006, Nick Bilak, beluck[AT]gmail.com |
//+------------------------------------------------------------------+
#property copyright "Copyright 2006, Nick Bilak"
#property link "http://www.forex-tsd.com/"
// hacked into a channel ind. by t_david sometime in early 2007
#property indicator_chart_window
#property indicator_buffers 4
#property indicator_color1 Red
#property indicator_width1 1
#property indicator_color2 Lime
#property indicator_width2 1
#property indicator_color3 Red
#property indicator_width3 1
#property indicator_color4 Lime
#property indicator_width4 1
extern int SignalGap = 4;
extern int ShowBars = 500;
int dist=24;
double b1[];
double b2[];
double b3[];
double b4[];
int init() {

SetIndexStyle(0,DRAW_LINE,STYLE_SOLID,1);
SetIndexStyle(1,DRAW_LINE,STYLE_SOLID,1);
SetIndexStyle(2,DRAW_ARROW,STYLE_SOLID,1);
SetIndexStyle(3,DRAW_ARROW,STYLE_SOLID,1);

SetIndexBuffer(0,b1);
SetIndexBuffer(1,b2);
SetIndexBuffer(2,b3);
SetIndexBuffer(3,b4);

SetIndexArrow(2,234);
SetIndexArrow(3,233);

return(0);
}
int start() {

int k,i,j,limit,hhb,llb;

if (ShowBars >= Bars) ShowBars = Bars;

for (i=0;i<ShowBars;i++) {

b1[i]=0;
b2[i]=0;
b3[i]=0;
b4[i]=0;

hhb = iHighest(Symbol(),0,MODE_HIGH,dist,i-dist/2);
llb = iLowest(Symbol(),0,MODE_LOW,dist,i-dist/2);

if (i==hhb)
b3[i]=High[hhb]+SignalGap*Point;

if (i==llb)
b4[i]=Low[llb]-SignalGap*Point;

b1[i]=High[hhb];//+SignalGap*Point;
b2[i]=Low[llb];//-SignalGap*Point;

}
return(0);
}
We miss 100% of the shots we don't take
  • #5
  • Dec 17, 2014 1:03am Dec 17, 2014 1:03am
Quoting Rooi
Hi Does anyone know the indicators name that plots the red and the green lines at the edge of the candles? I know it repaints and its probable a pile of rubbish but wanted to check it out. I saw it here at FF a while ago but can remember from who or what it was called. So not the arrow indicator marked with the circles but the red and green line indicator at the edge of the candles . Thanks for your time Rooi {image}
Is it Donchian channel? I could be wrong, but that would be my first guess.

Don't over-analyze it though. Indicators are not the holy grail. It might (in fact, WILL) look good on paper, but live trading is a different story.
Please check out my blog at https://from-zero-to-hero . net
  • #6
  • Dec 17, 2014 1:08am Dec 17, 2014 1:08am
Attached File(s)
File Type: mq4 Super Signals Channel.mq4   2 KB | 1,408 downloads
  • #7
  • Dec 17, 2014 1:13am Dec 17, 2014 1:13am
Quoting Aesg
{file}
Thank you very much for the help



Rooi
We miss 100% of the shots we don't take
  • #8
  • Dec 17, 2014 1:14am Dec 17, 2014 1:14am
Quoting smash1820
{quote} Is it Donchian channel? I could be wrong, but that would be my first guess. Don't over-analyze it though. Indicators are not the holy grail. It might (in fact, WILL) look good on paper, but live trading is a different story.
Thought so at first but then when I looked into it ?I saw it wasnt

Going to test drive the indie now
We miss 100% of the shots we don't take
  • #9
  • Dec 17, 2014 1:22am Dec 17, 2014 1:22am
Quoting Rooi
Going to test drive the indie now
Good luck. You will need it. I have learned that indicators don't work.

PS: The Bollinger Band indicator will provide you with just as accurate entries. That is, if indicators are what you care about.
Please check out my blog at https://from-zero-to-hero . net
  • #10
  • Dec 17, 2014 1:35am Dec 17, 2014 1:35am
Quoting smash1820
{quote} Good luck. You will need it. I have learned that indicators don't work. PS: The Bollinger Band indicator will provide you with just as accurate entries. That is, if indicators are what you care about.

I could for the life of me never understand why people are so against indicators.

Indicators are a representation of price.It gives you something quantifiable to use as a measuring stick.

The greatest trader I know said to me. "Indicators just show you what is happening on the chart that's all.

Have a look at this system I trade everyday and it has loads of indicators yet you need common sense to trade.
http://www.forexfactory.com/showthread.php?t=507837

People put 10 indicators on a chart and then start thinking making rules for entry etc.

People should ask.What is the function of the indicator I'm using and what market condition does it take advantage of and which does it fail in and the not add another indicator that has the same strengths and weaknesses but rather one that can filter out certain market conditions but I'm going off here into a direction and I actually have plenty of testing to work to do.

Do you trade with indicators or clean price? ( to me they are the same thing , even a chart is an indicator )

Anyway

Wish you all the best

Rooi
We miss 100% of the shots we don't take
  • #11
  • Dec 17, 2014 1:37am Dec 17, 2014 1:37am
Quoting smash1820
{quote} Good luck. You will need it. I have learned that indicators don't work. PS: The Bollinger Band indicator will provide you with just as accurate entries. That is, if indicators are what you care about.
Dont think you understand Bollinger bands at all....Has anyone ever had a system that takes reversal off of bolinger band exstremes.If so please share.

Bollinger bands most useful function is for target once the middle MA is broken.

Anyway

We miss 100% of the shots we don't take
  • #12
  • Dec 17, 2014 2:20am Dec 17, 2014 2:20am
Quoting Rooi
{quote} Dont think you understand Bollinger bands at all....Has anyone ever had a system that takes reversal off of bolinger band exstremes.If so please share. Bollinger bands most useful function is for target once the middle MA is broken. Anyway
Sorry, but if you think I am going to share the exact details of my system, then you are mistaken. At best, I may point you in the right direction.

Keep in mind that I have no obligations to anyone to share what I know. Also keep in mind that I continue to improve upon and refine my system every day.
Please check out my blog at https://from-zero-to-hero . net
  • #13
  • Dec 17, 2014 4:57am Dec 17, 2014 4:57am
Quoting smash1820
{quote} Sorry, but if you think I am going to share the exact details of my system, then you are mistaken. At best, I may point you in the right direction. Keep in mind that I have no obligations to anyone to share what I know. Also keep in mind that I continue to improve upon and refine my system every day.
This thread was never about your system but about the indicator in the picture
We miss 100% of the shots we don't take
  • #14
  • Dec 17, 2014 4:07pm Dec 17, 2014 4:07pm
it is called the dynasty trader by vladimirC, it repaints/ extend lines, so i really dont use it in my trading
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 76 KB
  • #15
  • Dec 17, 2014 4:11pm Dec 17, 2014 4:11pm
Quoting NWGstudent
it is called the dynasty trader by vladimirC, it repaints/ extend lines, so i really dont use it in my trading {image}
and the arrows are part of the indicator also there is no settings, you can only set count bars and the gap up to the arrow
  • #16
  • Dec 17, 2014 4:34pm Dec 17, 2014 4:34pm
Quoting NWGstudent
it is called the dynasty trader by vladimirC, it repaints/ extend lines, so i really dont use it in my trading {image}
ew.. :[
  • #17
  • Dec 18, 2014 12:15am Dec 18, 2014 12:15am
Always strange to me how some people see useless indicator because they dont understand it and other think it might be very useful

Here is same indicator but I just changed the display setting and added a moving average cross filter.

Sure there are losers , sure the indicator repaints but even with a simple system like this the indicator is very useful as it shows possible retrace reversal points

Not that this is exactly how I will be using this indicator and I have other filters but anyway.....I'm done with this thread.Thanks for all the help form the people who were willing to help me and not share there 2 cents and negativity

All the best

Rooi
Attached Image (click to enlarge)
Click to Enlarge Name: dotts.png Size: 73 KB
We miss 100% of the shots we don't take
  • #18
  • Last Post: Oct 20, 2015 7:21am Oct 20, 2015 7:21am
Quoting Rooi
{quote} I could for the life of me never understand why people are so against indicators. Indicators are a representation of price.It gives you something quantifiable to use as a measuring stick. The greatest trader I know said to me. "Indicators just show you what is happening on the chart that's all. Have a look at this system I trade everyday and it has loads of indicators yet you need common sense to trade. http://www.forexfactory.com/showthread.php?t=507837 People put 10 indicators on a chart and then start thinking making rules...
Well said bro let those ignorant believe what they want to believe, in most of the case they are looser & always keep blaming indicators, market is random, broker has slippage.... bla bla bla

anyway.... As you asked in this thread what is that indicator

Well, Its name is "Dynasty Trading System"

Here is all you need I attached... full package

Attached File(s)
File Type: mq4 The Dynasty Trader MT4 Indicator.mq4   2 KB | 1,554 downloads
Attached File(s)
File Type: pdf The Dynasty Trader MT4 Indicator.pdf   211 KB | 3,578 downloads
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