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I need a histogram tool developed

  • #1
  • First Post: Oct 5, 2015 10:22am Oct 5, 2015 10:22am
I need a simple tool developed. It needs to be a histogram. I am asking because I want to add it to my thread to help traders navigate a non trending market.

The histogram needs to plot the difference between the close of the current bar, and the close of a bar two periods back. It can update tick by tick if that makes it easier. Ideally it should update at the close of the bar. It needs to have an alert. The alert will fire once when the histogram has a differential that is greater or lesser than the previous two values.

This is easily done in a spreadsheet but following multiple pairs could become laborious.

Any help would be appreciated.
If you are good at something, never do it for free--Joker
  • #2
  • Oct 5, 2015 9:25pm Oct 5, 2015 9:25pm
Quoting jmn5611
I need a simple tool developed. It needs to be a histogram. I am asking because I want to add it to my thread to help traders navigate a non trending market. The histogram needs to plot the difference between the close of the current bar, and the close of a bar two periods back. It can update tick by tick if that makes it easier. Ideally it should update at the close of the bar. It needs to have an alert. The alert will fire once when the histogram has a differential that is greater or lesser than the previous two values. This is easily done in...
jmn5611-
Can you post a screenshot of what you have in mind?
  • #3
  • Oct 5, 2015 9:50pm Oct 5, 2015 9:50pm
Quoting cyber1
{quote} jmn5611- Can you post a screenshot of what you have in mind?
There really is no screenshot. It's just an idea that I had in mind for my thread. Just a simple histogram.
If you are good at something, never do it for free--Joker
  • #4
  • Oct 5, 2015 10:18pm Oct 5, 2015 10:18pm
Quoting jmn5611
{quote} There really is no screenshot. It's just an idea that I had in mind for my thread. Just a simple histogram.
jmn5611-
I see.
Theres a much better chance of getting it done if you can provide something visual. Not saying I'll do it but without a better idea then what you provided so far - I just don't have enough to seriously think about doing it.
Sounds like a dashboard type of indicator but not sure.
  • #5
  • Oct 5, 2015 10:37pm Oct 5, 2015 10:37pm
Quoting cyber1
{quote} jmn5611- I see. Theres a much better chance of getting it done if you can provide something visual. Not saying I'll do it but without a better idea then what you provided so far - I just don't have enough to seriously think about doing it. Sounds like a dashboard type of indicator but not sure.
No worries cyber1, thanks for looking. It was just something I threw out there. Maybe it won't get done. I was just going to add the indie to the package on the ADX thread so that traders have more options when markets start to range. They can make do with the BBands however.
If you are good at something, never do it for free--Joker
  • #6
  • Oct 6, 2015 6:19am Oct 6, 2015 6:19am
Hey jmn,
If nobody does it before, I'll try to do it in the next days.
Cheers,
k
  • #7
  • Oct 6, 2015 6:48am Oct 6, 2015 6:48am
Quoting kprsa
Hey jmn, If nobody does it before, I'll try to do it in the next days. Cheers, k
Thanks much K!
If you are good at something, never do it for free--Joker
  • #8
  • Edited 5:05pm Oct 11, 2015 2:24pm | Edited 5:05pm
EDIT: version 2 is in this post below, please use that one!


Jmn, please see the indicator here and let me know what you think.

Parameters: period (=2), updateeverytick (=false), alert (=true)

The indicator calculates the differential between the current price and price period (default=2) periods back and presents it as a histogram.
It updates on each tick if you set updateeverytick to true (default=false), and should (not checked because of weekend) give an alert if alert is true (default = true) and if the price differential of the closed candle is larger than the sum of absolute values of the two previous candles.

Attached Image (click to enlarge)
Click to Enlarge Name: Clipboard01.png Size: 21 KB


Attached File(s)
File Type: mq4 histogram_tool.mq4   2 KB | 424 downloads


Let me know if you want any changes/modifications.

Cheers,
k
  • #9
  • Oct 11, 2015 2:29pm Oct 11, 2015 2:29pm
Quoting kprsa
Jmn, please see the indicator here and let me know what you think. Parameters: period (=2), updateeverytick (=false), alert (=true) The indicator calculates the differential between the current price and price period (default=2) periods back and presents it as a histogram. It updates on each tick if you set updateeverytick to true (default=false), and should (not checked because of weekend) give an alert if alert is true (default = true) the price differential of the closed candle is larger than the sum of absolute values of the two previous candles....
Thanks K! I will give it a spin and put it on the thread. This will give traders the opportunity trade Wilder's Trend Balance Point System.
If you are good at something, never do it for free--Joker
  • #10
  • Oct 11, 2015 2:35pm Oct 11, 2015 2:35pm
Quoting jmn5611
{quote} Thanks K! I will give it a spin and put it on the thread. This will give traders the opportunity trade Wilder's Trend Balance Point System.
Hey, I found a minor bug in the alert code, please redownload...
k
  • #11
  • Oct 11, 2015 2:39pm Oct 11, 2015 2:39pm
Quoting kprsa
{quote} Hey, I found a minor bug in the alert code, please redownload... k
Okay, done.
If you are good at something, never do it for free--Joker
  • #12
  • Oct 11, 2015 2:42pm Oct 11, 2015 2:42pm
Similar thing I wanted to develop, and I saw maybe somebody else developed:


Inserted Code
 diff[i]=Close[i]-Close[i+period];      
    if (diff[i]>0.0) up[i]=diff[i];
    if (diff[i]<0.0) dn[i]=diff[i];

This for sure it is not I wanted, maybe the original requester want this ("the difference between the close of the current bar, and the close of a bar two periods back"), but I have other idea.

It seems I need to work for myself
I want to buy PATIENCE
  • #13
  • Edited 3:45pm Oct 11, 2015 3:29pm | Edited 3:45pm
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.lmxH1.png Size: 228 KB

This I needed
Attached File(s)
File Type: mq4 histogram_tool.mq4   2 KB | 503 downloads


I wanted to see the SL and TP of the bars and the directions too on the same candle.
I don't need alerts.
I want to buy PATIENCE
  • #14
  • Oct 11, 2015 5:04pm Oct 11, 2015 5:04pm
Quoting jmn5611
{quote} Okay, done.
OK, the alert seems to work.
There is one little bug which can occur if updateeverytick is set to true, it sometimes resulted in both positive and negative histogram on the first candle.
In version 2 below it is fixed.

Attached File(s)
File Type: mq4 histogram_tool_v2.mq4   2 KB | 512 downloads


Cheers,
k
  • #15
  • Oct 11, 2015 6:38pm Oct 11, 2015 6:38pm
Quoting kprsa
{quote} OK, the alert seems to work. There is one little bug which can occur if updateeverytick is set to true, it sometimes resulted in both positive and negative histogram on the first candle. In version 2 below it is fixed. {file} Cheers, k
Got it. New version downloaded.
If you are good at something, never do it for free--Joker
  • #16
  • Dec 27, 2018 7:46am Dec 27, 2018 7:46am
Quoting kprsa
EDIT: version 2 is in this post below, please use that one! Jmn, please see the indicator here and let me know what you think. Parameters: period (=2), updateeverytick (=false), alert (=true) The indicator calculates the differential between the current price and price period (default=2) periods back and presents it as a histogram. It updates on each tick if you set updateeverytick to true (default=false), and should (not checked because of weekend) give an alert if alert...
Dear Kprsa,
This tool is great if you make it MTF, interpolated and color change on slope will be very good. or
use any mtf histogram like Awesome oscillator and plot the difference between the close of the current bar, and the close of a bar two periods back. It can update tick by tick if that makes it easier. Ideally it should update at the close of the bar.

here I am attaching indicator.
please code in your above said fashion.
Attached File(s)
File Type: mq4 Awesome mtf.mq4   20 KB | 560 downloads
  • #17
  • Dec 28, 2018 5:35am Dec 28, 2018 5:35am
Quoting vijay100
{quote} Dear Kprsa, This tool is great if you make it MTF, interpolated and color change on slope will be very good. or use any mtf histogram like Awesome oscillator and plot the difference between the close of the current bar, and the close of a bar two periods back. It can update tick by tick if that makes it easier. Ideally it should update at the close of the bar. here I am attaching indicator. please code in your above said fashion. {file}

Dear vijay, thanks but I do not have the time for programming requests now. I also think you should be able to find at least 10 similar oscillators (if not exactly the awesome oscillator) coded by mladen which would be much better than what I could do.
Cheers,
k
  • #18
  • Last Post: Dec 28, 2018 7:47am Dec 28, 2018 7:47am
Well its ok,
thank you for your quick reply.
I will try to find way on this problem.
once again thank you
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