People are not good at acting, but very good at judgment.
- #24
- Mar 29, 2016 11:24am Mar 29, 2016 11:24am
In this week, E/U maybe test again 1.1340, in 2 days next, if the confirm lines cannot go beyon zero, it will down. {image}
People are not good at acting, but very good at judgment.
))))
- #32
- Edited 8:04am Mar 30, 2016 12:07am | Edited 8:04am
Hi Halogen,
Thanks a lot for sharing this indicator! It looks very useful. And thanks for the clear detailed instructions how to install it.
What are your plans with it? Will it be paid service or you are planning to sell it as a standalone ex4 module (i.e. working in MT4 without extra communication to your server)? Cloud implementation is cool but it might be just another point for possible trouble.
Here are my brief notes - since you invited to inform you about findings.
1. I think you can add a good point to your description in post 4 at http://www.forexfactory.com/showthre...22#post8836322 that it may be used as volatility indicator too. All its readings are close to central line when we see low price volatility and vice versa. There maybe a rule to define a sideway market when highs/lows of this indicator are within some boundaries.
2. Please name it for easy reference. "Halogen indicator" sounds good
3. It would be nice to add a parameter for each line (or for some extra lines) to show/hide that line - for a better visualization.
I played with it and it seems 2 lines might be enough for me unless there will be some important rules to interpret all lines crossings.
Please compare, I set your green line to background color:
Thanks a lot for sharing this indicator! It looks very useful. And thanks for the clear detailed instructions how to install it.
What are your plans with it? Will it be paid service or you are planning to sell it as a standalone ex4 module (i.e. working in MT4 without extra communication to your server)? Cloud implementation is cool but it might be just another point for possible trouble.
Here are my brief notes - since you invited to inform you about findings.
1. I think you can add a good point to your description in post 4 at http://www.forexfactory.com/showthre...22#post8836322 that it may be used as volatility indicator too. All its readings are close to central line when we see low price volatility and vice versa. There maybe a rule to define a sideway market when highs/lows of this indicator are within some boundaries.
2. Please name it for easy reference. "Halogen indicator" sounds good
3. It would be nice to add a parameter for each line (or for some extra lines) to show/hide that line - for a better visualization.
I played with it and it seems 2 lines might be enough for me unless there will be some important rules to interpret all lines crossings.
Please compare, I set your green line to background color:
What are your plans with it? Will it be paid service or you are planning to sell it as a standalone ex4 module (i.e. working in MT4 without extra communication to your server)? Cloud implementation is cool but it might be just another point for possible trouble.
Here my brief notes - since you invited to inform you about findings. 1. I think you can add a good point to your description in post 4 at http://www.forexfactory.com/showthre...22#post8836322 that it may be used as volatility indicator too. All its readings are close to central line when we see low price volatility and vice versa. There maybe a rule to define a sideway market when highs/lows of this indicator are within some boundaries. 2. Please name it for easy reference. "Halogen indicator" sounds good
1: This indicator can apply for both 3 trends: up trend, down trend and sideway, about the rule to detect a sideway market, you need to combine some conditions, not only boundaries, I dont know how to to describe in english to enough clear for you, example, you need to focus on the relation between 3 lines in each part, it also very importance, you will realize soon.
3: Now, the parameters for this indicator are set from server, so you donot need to input any parameters. I also test with more than 3 lines in each part, but I think 3 is enough. You can hide which line you want, by change its color to None, in tab Color.
2: I dont know how to name this indicator. stick my nickname into indicator look so funny. This one has more meaning with balance of price, so I think you can call as Balincator, ha ha
Best.
People are not good at acting, but very good at judgment.
