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  • #1,561
  • May 9, 2015 2:06am May 9, 2015 2:06am
Quoting justin7
{quote} I've already tested. I marked out points and the lines would move farther or closer away. sriloba even said that they do repaint. I see no point of having the TMA bands on the chart. I'm not saying the system doesn't work but the TMA bands serve no point.
After almost 80 pages, you certainly noticed that a lot of members here are having great success with these repainting indicators. The important isn't the indicators but how you use them ...

Attached Image
MT4/MT5 EAs/Indicators/Alerts coder
  • #1,562
  • May 9, 2015 4:23am May 9, 2015 4:23am
@FerruFx

Noone could say it better then you did !!
  • #1,563
  • May 9, 2015 4:38am May 9, 2015 4:38am
Quoting DerBerliner
@FerruFx Noone could say it better then you did !!
Thank you
MT4/MT5 EAs/Indicators/Alerts coder
  • #1,564
  • May 9, 2015 6:51am May 9, 2015 6:51am
What box sizes are you using?
  • #1,565
  • May 9, 2015 7:10am May 9, 2015 7:10am
Quoting rcbarlow
What box sizes are you using?
I'm using 5 pips box size.

You have to test the pairs of currency with the box size.

I think using 10 pips box size is conservative and perfect for a swing trade.

Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #1,566
  • May 9, 2015 8:33am May 9, 2015 8:33am
Quoting FerruFx
{quote} After almost 80 pages, you certainly noticed that a lot of members here are having great success with these repainting indicators. The important isn't the indicators but how you use them ... {image}
  • #1,567
  • Edited 10:13am May 9, 2015 9:41am | Edited 10:13am
Quoting blueseahorse
{quote} ok, then my bad, miss understanding.. if any one happens to have the mq4 file of renko street channel, will you please share it? or i just wanna know how to use icustom function to get both boundaries of the channel thanks
Hi blueseahorse,

int i; // index or shift

double upper_channel_val; // upper channel line value
double lower_channel_val; // lower channel line value

// set values to zero that you can check whether the indicator has been found

upper_channel_val = lower_channel_val = 0.0;

// read indicator buffers 0 and 1

i = 0; // 0 is the current ( forming ) candle, 1 is the most recent candle closed

upper_channel_val = iCustom ( NULL, 0, "RenkoStreet_channel", 0, i );
lower_cannel_val = iCustom ( NULL, 0, "RenkoStreet_channel", 1, i );

// check if indicator has been found and proceed

if ( upper_channel_val == 0.0 && lower_channel_val == 0.0 )
{
Print ( "indicator not found" );
}
else
{
// continue with the logic here, the values are read

do whatever you need to do
}

should be the code you are looking for.

Best, V.
  • #1,568
  • May 9, 2015 11:56am May 9, 2015 11:56am
Just in case people want to test my new template.



Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: MyTemplate.png Size: 102 KB
Attached File(s)
File Type: tpl ComeSurfingFxWithMe.tpl   8 KB | 492 downloads
File Type: rar ComeSurfingFx_Indicators.rar   51 KB | 574 downloads
Being a fxtrader is not easy. Ones must working hard.
  • #1,569
  • Edited 1:06pm May 9, 2015 12:54pm | Edited 1:06pm
Quoting sriloba
Just in case people want to test my new template. Sai Ram {image} {file} {file}
Thanks, I will do for sure . BTW, I don't see the point where people have issues with repainting indicators. IMO, an indicator should be as accurate as possible at the time it triggers a condition, no need to be accurate after that. Many accurate indicators need to repaint to update themselves according to the latest market situation.

An indicator history is no backtest.

Best, V.
  • #1,570
  • May 9, 2015 1:17pm May 9, 2015 1:17pm
Quoting verified
{quote} Thanks, I will do for sure . BTW, I don't see the point where people have issues with repainting indicators. IMO, an indicator should be as accurate as possible at the time it triggers a condition, no need to be accurate after that. Many accurate indicators need to repaint to update themselves according to the latest market situation. An indicator history is no backtest. Best, V.
Hi Verified,

BTW, I like your name, Verified.

I agree with you 100%. What we need is the accuracy of a bunch of indicators shown the same side at the same time when a signal occurs. And traders can make more pips for a living.



Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #1,571
  • May 9, 2015 1:35pm May 9, 2015 1:35pm
I would like to emphasize on the pick of LONG TRADE and SHORT TRADE

Choose the entry signal when all indicators are aligned at the same time

M2 Renko chart 5 pips box size

SEE CHARTS BELOW

LONG TRADE :

Trend : 5/10 ema cross up in H4

Entry :

i) Price closes in the lower channel and blue dot circle appears

ii) 5e/8s MA cross up and must confirm by Figi_Trend appears blue up arrow + stoch hist. appears above the zero line and painted blue

SHORT TRADE :

Trend : 5/10 ema cross down in H4

Entry :

i) Price closes in the upper channel and red dot circle appears

ii) 5e/8s MA cross down and must confirm by Figi_Trend appears red up arrow + stoch hist. appears below the zero line and painted red

Those rules are high probability.


Sai Ram
Attached Image(s) (click to enlarge)
Click to Enlarge Name: long trade.png Size: 92 KB
Click to Enlarge Name: short trade.png Size: 91 KB
Being a fxtrader is not easy. Ones must working hard.
  • #1,572
  • May 9, 2015 1:43pm May 9, 2015 1:43pm
Quoting verified
{quote} Thanks, I will do for sure . BTW, I don't see the point where people have issues with repainting indicators. IMO, an indicator should be as accurate as possible at the time it triggers a condition, no need to be accurate after that. Many accurate indicators need to repaint to update themselves according to the latest market situation. An indicator history is no backtest. Best, V.
It doesn't matter if they repaint or not that's not the point.

These indicators aren't accurate.
  • #1,573
  • May 9, 2015 1:45pm May 9, 2015 1:45pm
HAVE A NICE WEEKEND, GUYS.

I AM GOING TO THE MOVIE THEATRE WITH MY LOVELY FAMILY TO SEE THE AVENGERS : AGE OF ULTRON




Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: avengers.jpeg Size: 189 KB
Being a fxtrader is not easy. Ones must working hard.
  • #1,574
  • May 9, 2015 1:54pm May 9, 2015 1:54pm
Quoting justin7
{quote} It doesn't matter if they repaint or not that's not the point. These indicators aren't accurate.
typing from ipad again ... i dont like ... well, we use what we have. what is the price ? an indicator, useful. a wave where you see it inside a tma channel ? an indicator, useful. indicators can act as filters and help to decide. thats how i think about it. at the end we predict, always.
  • #1,575
  • May 9, 2015 8:02pm May 9, 2015 8:02pm
[quote=v Thanks, I will do for sure . BTW, I don't see the point where people have issues with repainting indicators. IMO, an indicator should be as accurate as possible at the time it triggers a condition, no need to be accurate after that. Many accurate indicators need to repaint to update themselves according to the latest market situation. An indicator history is no backtest. Best, V.

Well said verified.It is the importance of the of the indictors accuracy at the point of taking a trade.,
R
Ronnie Renko
  • #1,576
  • May 9, 2015 9:23pm May 9, 2015 9:23pm
Quoting verified
{quote} Hi blueseahorse, int i; // index or shift double upper_channel_val; // upper channel line value double lower_channel_val; // lower channel line value // set values to zero that you can check whether the indicator has been found upper_channel_val = lower_channel_val = 0.0; // read indicator buffers 0 and 1 i = 0; // 0 is the current ( forming ) candle, 1 is the most recent candle closed upper_channel_val = iCustom ( NULL, 0, "RenkoStreet_channel", 0, i ); lower_cannel_val = iCustom ( NULL, 0, "RenkoStreet_channel", 1, i ); // check if indicator...
thanks a lot, man!
"upper_channel_val = iCustom ( NULL, 0, "RenkoStreet_channel", 0, i ); lower_cannel_val = iCustom ( NULL, 0, "RenkoStreet_channel", 1, i );"
that is what i need.
patience is a virtue
  • #1,577
  • Edited 10:23pm May 9, 2015 9:52pm | Edited 10:23pm
Hi bluesea, you are welcome.

To complete the iCustom info, you should know:

When you call indicators like this, they will use their default input parameters.
This indicator has 2 input parameters, SignalGap ( = 4 ) and ShowBars ( = 500 ). Both are integers.

Now, what to do when you want to call it with different settings ? It's easy too.


We call the indicator now with the Settings SignalGap = 3 and ShowBars = 200:

int my_SignalGap, my_ShowBars; // data type ( string, int, bool, double, ... ) must match to the indicators parameters

my_SignalGap = 3;
my_ShowBars = 200;

upper_channel_val = iCustom ( NULL, 0, "RenkoStreet_channel", my_SignalGap, my_ShowBars, 0, i ); // if you pass parameters you must pass all of them in their sequence and the data types must match !!!


That's it. This way you can read indicators with different settings than the default ones.

Best, V.
Attached Image
  • #1,578
  • May 9, 2015 10:23pm May 9, 2015 10:23pm
Quoting verified
Hi bluesea, you are welcome. To complete the iCustom info, you should know: When you call indicators like this, they will use their default input parameters. This indicator has 2 input parameters, SignalGap ( = 4 ) and ShowBars ( = 500 ). Now, what to do when you want to call it with different settings ? It's easy too. We call the indicator now with the Settings SignalGap = 3 and ShowBars = 200: int my_SignalGap, my_ShowBars; // data type ( string, int, bool, double, ... ) must match to the indicators parameters my_SignalGap = 3; my_ShowBars = 200;...
thank you for further instructions.
the reason i need this is i am planning to add renko street channel as a boundary condition in an EA. since i am familiar with Mt4 coding
and renko street indi is a ex4 file, so it is not easy for me to figure it out
much appreciated for your help
patience is a virtue
  • #1,579
  • May 9, 2015 10:43pm May 9, 2015 10:43pm
NP, all ok. Just be careful with iCustom and CPU performance. Excessive use of iCustom in mq4 code results in high CPU utilization. Whenever you have the chance to use code instead of iCustom calls, do this.

Example: There is a common indicator "Coral" around ( some kind of MA ), many people including myself like und use it. Now, in my EA ( which is still "experimental" and not shared ), I don't call the "Coral" indicator, I have "Coral" included as a function by knowing the code of "Coral". This makes the execution much faster and CPU friendly. In your case you have no choice.

Best, V.
  • #1,580
  • Edited May 10, 2015 12:08am May 9, 2015 11:21pm | Edited May 10, 2015 12:08am
Hey, hey ...

A few days ago I worked on an indicator for my own system ( I try to have all source codes for the components I am working with ) and after a short check I believe it provides the same results as RenkoStreet_channel.

So, if you like give it a try. The code is clean, fast and works well, please test it for 100% compatibility with RenkoStreet_channel ( use default settings for both indicators ). I am open to useful modifications as well.

Best, V.
Attached File(s)
File Type: mq4 SSChannel3 v1.01.mq4   6 KB | 346 downloads
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