MTF BAR Indicator | Forex Factory

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MTF BAR Indicator

  • #1
  • First Post: Edited 10:50am Feb 20, 2016 10:39am | Edited 10:50am
Hello guys! Would anyone be kind enough to help me add the yellow dashed line (50% FROM BAR HIGH/LOW) to the attached MTF BAR indicator? Thank you! The '50%...'lines shown on the chart below were measured and drawn manually(from open to high/low) . It would be nice if the indicator could do it automatically. Thanks.
N.B For those who were interested and intrigued by the ideas explored here http://www.forexfactory.com/showthread.php?t=533279 , this would be an invaluable indicator.
Attached Image (click to enlarge)
Click to Enlarge Name: MTF BAR.png Size: 35 KB
Attached File(s)
File Type: mq4 mtf_bar_indicator_v1_2.mq4   5 KB | 2,780 downloads
  • #2
  • Feb 21, 2016 6:58am Feb 21, 2016 6:58am
Quoting LITEchild
Hello guys! Would anyone be kind enough to help me add the yellow dashed line (50% FROM BAR HIGH/LOW) to the attached MTF BAR indicator? Thank you! The '50%...'lines shown on the chart below were measured and drawn manually(from open to high/low) . It would be nice if the indicator could do it automatically. Thanks. N.B For those who were interested and intrigued by the ideas explored here http://www.forexfactory.com/showthread.php?t=533279 , this would be an invaluable indicator. {image} {file}
LITEchild-
This should work.
Attached Image (click to enlarge)
Click to Enlarge Name: Litec1.PNG Size: 38 KB
Attached File(s)
File Type: mq4 mtf_bar_indicator_v1_3.mq4   8 KB | 2,170 downloads
File Type: ex4 mtf_bar_indicator_v1_3.ex4   22 KB | 1,497 downloads
  • #3
  • Feb 21, 2016 7:03am Feb 21, 2016 7:03am
hey lite... i'm wondering how you would use the info provided by the indicator...if you wouldn't mind explaining briefly TYIA
  • #4
  • Feb 21, 2016 9:50am Feb 21, 2016 9:50am
Quoting cyber1
{quote} LITEchild- This should work. {image} {file} {file}
Thank you so much Cyber. Very kind of you indeed. It works perfectly!
  • #5
  • Feb 21, 2016 9:54am Feb 21, 2016 9:54am
Quoting dagoods
hey lite... i'm wondering how you would use the info provided by the indicator...if you wouldn't mind explaining briefly TYIA
One simple application would be to gauge strength and/or exhaustion of retracements on a LTF from the single HTF candle perspective...
  • #6
  • Feb 21, 2016 10:17am Feb 21, 2016 10:17am
Quoting dagoods
hey lite... i'm wondering how you would use the info provided by the indicator...if you wouldn't mind explaining briefly TYIA
There are five parts in the complete methodology. This is just one. It is by no means enough to make consistent profit. But it should help you start thinking in the right direction.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30.png Size: 29 KB
  • #7
  • Feb 23, 2016 2:05pm Feb 23, 2016 2:05pm
Quoting LITEchild
{quote} There are five parts in the complete methodology. This is just one. It is by no means enough to make consistent profit. But it should help you start thinking in the right direction. {image}

Thanks for the reply lite.
  • #8
  • Feb 23, 2016 2:13pm Feb 23, 2016 2:13pm
Quoting dagoods
{quote} Thanks for the reply lite.
  • #9
  • Feb 29, 2016 6:34am Feb 29, 2016 6:34am
Quoting cyber1
{quote} LITEchild- This should work. {image} {file} {file}
Hello Cyber1. Could you adjust the mtf bar indicator to take its open from previous candle close? If possible to also do same modification to "Daily-Weekly Open" indicator so it becomes "Daily-Weekly Close". Thanks a lot.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 31 KB
Attached File(s)
File Type: mq4 Daily-Weekly Open.mq4   3 KB | 991 downloads
  • #10
  • Feb 29, 2016 3:40pm Feb 29, 2016 3:40pm
Quoting LITEchild
{quote} Hello Cyber1. Could you adjust the mtf bar indicator to take its open from previous candle close? If possible to also do same modification to "Daily-Weekly Open" indicator so it becomes "Daily-Weekly Close". Thanks a lot. {file} {image}
LITEchild-
Try this.
Attached File(s)
File Type: mq4 Daily-Weekly Open_mod.mq4   3 KB | 773 downloads
  • #11
  • Feb 29, 2016 5:26pm Feb 29, 2016 5:26pm
Quoting cyber1
{quote} LITEchild- Try this. {file}
Thank you cyber1! I think the mod is not quite there yet though....
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 28 KB
  • #12
  • Feb 29, 2016 6:14pm Feb 29, 2016 6:14pm
Quoting LITEchild
{quote} Thank you cyber1! I think the mod is not quite there yet though.... {image}
LITEchild-
Ok, lets try this.
Attached File(s)
File Type: mq4 Daily-Weekly Open_mod.mq4   3 KB | 824 downloads
  • #13
  • Feb 29, 2016 11:24pm Feb 29, 2016 11:24pm
Quoting cyber1
{quote} LITEchild- Ok, lets try this. {file}
Its perfect now! Fingers crossed for mtf bar mod?...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 27 KB
  • #14
  • Mar 7, 2016 10:55am Mar 7, 2016 10:55am
Quoting cyber1
{quote} LITEchild- Ok, lets try this. {file}
Hello Cyber1. There is a slight issue with the indicator. The line style and width resets back to default if the chart is refreshed. Also is it possible to include the Monthly Close line as well? Thank you for your time and assistance.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 44 KB
  • #15
  • Mar 7, 2016 11:20am Mar 7, 2016 11:20am
Quoting LITEchild
{quote} Hello Cyber1. There is a slight issue with the indicator. The line style and width resets back to default if the chart is refreshed. Also is it possible to include the Monthly Close line as well? Thank you for your time and assistance. {image}
Maybe this can help you sir,
Attached File(s)
File Type: ex4 Open prices indicator MTF.ex4   7 KB | 1,178 downloads
  • #16
  • Mar 7, 2016 11:33am Mar 7, 2016 11:33am
Quoting NKTrade
{quote} Maybe this can help you sir, {file}
This code also uses CURRENT OPEN PRICE for its calculation. The one I am trying to debug has been modified to use PREVIOUS BAR CLOSE. Thank you for trying to help anyway. I appreciate it.
  • #17
  • Mar 7, 2016 11:41am Mar 7, 2016 11:41am
Quoting LITEchild
{quote} This code also uses CURRENT OPEN PRICE for its calculation. The one I am trying to debug has been modified to use PREVIOUS BAR CLOSE. Thank you for trying to help anyway. I appreciate it.
So so sorry sir, I did not read the whole thing , that's all I had, maybe someone else can help youAgain sorry sir
  • #18
  • Mar 7, 2016 4:18pm Mar 7, 2016 4:18pm
Quoting LITEchild
{quote} Hello Cyber1. There is a slight issue with the indicator. The line style and width resets back to default if the chart is refreshed. Also is it possible to include the Monthly Close line as well? Thank you for your time and assistance. {image}
LITEchild-
I have fixed the issue with the style/line etc.

for the monthly close I have modified another indicator that already has that included in it.
Attached File(s)
File Type: ex4 Daily-Weekly Open_mod.ex4   9 KB | 829 downloads
File Type: mq4 D_W_MN_close_line_mod.mq4   3 KB | 1,072 downloads
  • #19
  • Mar 7, 2016 10:57pm Mar 7, 2016 10:57pm
Quoting cyber1
{quote} LITEchild- I have fixed the issue with the style/line etc. for the monthly close I have modified another indicator that already has that included in it. {file} {file}
Awesome! Cyber-Awesome! Thank you for the time and patience.
  • #20
  • Mar 8, 2016 7:37am Mar 8, 2016 7:37am
LITEChild can you learn us how to trade with Weekly trend ?? How you use it ?
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