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need simple indicator for Daily green/red candle 2 replies

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Daily green/red candle

  • #2,961
  • Aug 5, 2016 10:08am Aug 5, 2016 10:08am
Quoting Roszey
{quote} Can i be part of the team?
well Roszey
yes you can. but not now, we are 7 traders
when we will be 6 or less then of caurse you can be part of this team

why 7?
this number is magical for me

some examples

7 colors in rainbow
7 music notes
7 days of the week
7 planets
7 the BOND number
The Pythagoreans considered 7 perfect number because it is the sum of 3 and 4 corresponding to perfect shapes, triangle and square
The lyre of the ancient God Apollo had seven strings.
Muslims are entitled to have seven women according to the Quran.
The independent Vatican State was established in 7/7 of 1929!
The Chinese philosophy considers as fundamental elements of the following 7: Air, water, metal, ether, fire, wood, and earth.
etc... i think is enough

so for this we are 7
  • #2,962
  • Aug 5, 2016 6:57pm Aug 5, 2016 6:57pm
Quoting dimdel
{quote} well Roszey yes you can. but not now, we are 7 traders when we will be 6 or less then of caurse you can be part of this team why 7? this number is magical for me some examples 7 colors in rainbow 7 music notes 7 days of the week 7 planets 7 the BOND number The Pythagoreans considered 7 perfect
Well sad but its actually 9 planets not 7.. .
Le$$ I$ More
  • #2,963
  • Aug 6, 2016 10:07am Aug 6, 2016 10:07am
Dimdel, Are you opening 2 orders in the same pair?

thanks
  • #2,964
  • Aug 6, 2016 11:22am Aug 6, 2016 11:22am
Quoting dimdel
{quote} hi merka well can use the "green/red" with 2 ways D1 or H4 i prefer D1 less stress but in GJ i use also the H4 because give good and big movements
Hi Dimdel

I have tried to trade EURUSD in H4/D1 in a two weeks bases and it does not work out as good as I expected. Do currency pairs matter too besides followings the trading rules? Like what u said about focusing on GBPJPY

All the best,
Kaiman
  • #2,965
  • Edited Aug 7, 2016 7:53pm Aug 6, 2016 7:30pm | Edited Aug 7, 2016 7:53pm
Quoting dimdel
{quote} wellcome erebus true, is very usefull please share the indis thanks
Sorry for slow reply, I have been not the best, but okay now

Here is my current set up but anyone can change to suit their own trading style

The main idea is to follow the same color green or red but this way you can easily see if there is breakout either way!

Regards, John

{ copyrighted attachment deleted by staff }
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It takes a lot for me to IGNORE you, but you can try.
  • #2,966
  • Aug 6, 2016 10:22pm Aug 6, 2016 10:22pm
is it common indicator that can use for stocks ? or only for this currency?
Success is a Journey Not a Destination....... kind regards ramzam
  • #2,967
  • Aug 7, 2016 1:21am Aug 7, 2016 1:21am
Quoting ramzam
is it common indicator that can use for stocks ? or only for this currency?
No.
That indicator developed by a guy called "The Rumpled One" works only on forex as shown.
For other instruments like stocks etc... Just manually place the high, middle, low lines for the previous D1 candle
From there follow the same previous D1 color candle to place you trade order for better odds.
Hope that help.
Cheers.
Merka
  • #2,968
  • Aug 7, 2016 2:08am Aug 7, 2016 2:08am
Quoting ramzam
is it common indicator that can use for stocks ? or only for this currency?
IF you have stocks on your Metatrader 4, try it and see

It's not magic indicator, it's only showing the PRICE as high or low breakout

YOU decide if you trade it or not

It takes a lot for me to IGNORE you, but you can try.
  • #2,969
  • Aug 7, 2016 2:34am Aug 7, 2016 2:34am
Thanks Erebus for sharing. Stay well.
  • #2,970
  • Aug 7, 2016 4:02am Aug 7, 2016 4:02am
Quoting dimdel
{quote} well Roszey yes you can. but not now, we are 7 traders when we will be 6 or less then of caurse you can be part of this team why 7? this number is magical for me some examples 7 colors in rainbow 7 music notes 7 days of the week 7 planets 7 the BOND number The Pythagoreans considered 7 perfect number because it is the sum of 3 and 4 corresponding to perfect shapes, triangle and square The lyre of the ancient God Apollo had seven strings. Muslims are entitled to have seven women according to the Quran. The independent Vatican State was established...

7*10 percent lie behind above statment lol
Trading by EA
  • #2,971
  • Aug 7, 2016 4:45am Aug 7, 2016 4:45am
checked it ....


Quoting Erebus
{quote} IF you have stocks on your Metatrader 4, try it and see It's not magic indicator, it's only showing the PRICE as high or low breakout YOU decide if you trade it or not
Success is a Journey Not a Destination....... kind regards ramzam
  • #2,972
  • Aug 7, 2016 5:46am Aug 7, 2016 5:46am
Quoting mmudasir
{quote} 7*10 percent lie behind above statment lol
please tell us what is lie?

till now i never write something lie
why start now?

you must be more carefull mmudasir
  • #2,973
  • Aug 7, 2016 8:27am Aug 7, 2016 8:27am
Quoting Erebus
{quote} Sorry for slow reply, I have been not the best, but okay now Here is my current set up but anyone can change to suit their own trading style The main idea is to follow the same color green or red but this way you can easily see if there is breakout either way! Regards, John {image} {file}
Thanks Erebus for sharing your indicators.
What is the meaning of the lines RWH, RWL, RDL, RDH?

Cheers.
Merka
  • #2,974
  • Aug 7, 2016 2:57pm Aug 7, 2016 2:57pm
Hi Erebus, thank you for that template and indicators. Lovely stuff.

And thanks to Dimdel as well for all his work here. Wonderful.
  • #2,975
  • Aug 7, 2016 3:12pm Aug 7, 2016 3:12pm
Many thanks Erebus and wishing you all the best!
  • #2,976
  • Aug 7, 2016 5:08pm Aug 7, 2016 5:08pm
Quoting Merka
{quote} Thanks Erebus for sharing your indicators. What is the meaning of the lines RWH, RWL, RDL, RDH? Cheers. Merka
5. Range High / Low Lines for the Day and Week -

You can display two horizontal lines, one for the computed range high target, and one for
the computed range low target. The range is based on the averaging period you select
(defaults: day=15, week=13). The special range averaging process for the Day range lines
skips any brief Sunday sessions of some brokers, which would drag the average down. The
Week range lines use the standard ATR formula since brief Sunday sessions do not much affect
the results.

A. Two conditions determine where range lines appear....

1. Condition #1 - the Day/Week range has not exceeded the computed average range.
* The RDH / RWH line is the computed average range distance above the session Low.
* The RDL / RWL line is the computed average range distance below the session high.
* The lines will move as new highs/lows are achieved during the session.
* This display shows how far price can move in either direction before exceeding
the computed average range.

2. Condition #2 - the Day/Week range has exceeded the computed average range.
* If price swings during the day/week TF cause the difference between the high and
the low to equal the computed range, the range lines lock into place.
* This display will clearly show any subsequent breakout of the range.

B. The purpose of the range lines is to provide a perspective on how far PA might move
during the trading day or week. This can be of some guidance in selecting where to
exit a trade. A swing trader might pay more attention to the RWH/RWL lines, and hold
a trade into oncoming days. However, a day trader looking for quick profits and
limited exposure to market price swings might pay more attention to the RDH/RDL lines.

C. The Day range lines are based on the broker's server trading day, but can be based
on a trading day of a different time zone, just as are the pivots. By default, the
input "__RangeTZ_on" is set to "true" for this function. The time zone used for the
RangeTZ function is always the same one selected for the PivotsTZ function. The
day RangeTZ lines can be displayed even if PivotsTZ lines are not displayed.
It takes a lot for me to IGNORE you, but you can try.
  • #2,977
  • Aug 7, 2016 5:21pm Aug 7, 2016 5:21pm
Quoting Erebus
{quote} 5. Range High / Low Lines for the Day and Week - You can display two horizontal lines, one for the computed range high target, and one for the computed range low target. The range is based on the averaging period you select (defaults: day=15, week=13).....
Thanks very much.
cheers.
Merka
  • #2,978
  • Aug 7, 2016 7:33pm Aug 7, 2016 7:33pm
Quoting Merka
{quote} Thanks very much. cheers. Merka
In the Navigator window, Right Click on that indicator and click Modify

Metaquotes Language Editor will open the file and you can read all the instruction easily

Cheers, John
It takes a lot for me to IGNORE you, but you can try.
  • #2,979
  • Aug 7, 2016 7:43pm Aug 7, 2016 7:43pm
Quoting Erebus
{quote} Sorry for slow reply, I have been not the best, but okay now Here is my current set up but anyone can change to suit their own trading style The main idea is to follow the same color green or red but this way you can easily see if there is breakout either way! Regards, John {image} {file}
You have posted indicators that are not supposed to be posted.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,980
  • Aug 7, 2016 8:30pm Aug 7, 2016 8:30pm
Quoting TooSlow
{quote} You have posted indicators that are not supposed to be posted.
and you're the rat, what is the legal issue? it's the internet
It takes a lot for me to IGNORE you, but you can try.
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