{quote} BINGO.....Bug solved....now all numbers are correctly stored...... have a nice weekend! {image}
Forex Probability Meter - NITRO+
- #483
- Edited 1:56am Jul 22, 2016 1:13am | Edited 1:56am
Some users and non-users have questioned the logic behind certain percentage moves in these plot pics. Like in the GBPUSD plot pic attached. That if price is barely moving horizontally in a relative tight range ... why does the percentage drop?
It looks like percentage moved down to about 98%-99% right at 20:00GMT. Many of the parameters are based on bar close data. 20:00 is the culmination of many bars closing: M1, M5, M15, M30, H1, and H4. Offline Charts option increases this with M2, M3, M4, M6, M10 M12 M20 and H2
This GBPUSD example is D1 Reduced. So this means based on the T3 point system that 4/12 points or 33% is H4 data.
►To reduce this effect, 5N+ mixes in mostly Median Price (HL/2) and I think also some Typical Price (HLC/3). 6N+ will focus more on this, especially at 00:00GMT
Alerts can be turned on in the 5N+ settings box at the very bottom.
Alert Options: 
Alert Options:
- no alert
- audible
- print to terminal log
- message box pop-up
If Audible Alert:
- also print to terminal log
- play this .wav sound file
Alerts come when first breaching user-adjustable percentage trigger (default 50%). Then, at the close of each bar if percentage remains above trigger.
So if meters are loaded on an M30 chart, alerts will come every 30 minutes.
If greater alert frequency desired such as every 1 minute or 5 minutes, change chart periodicity to M1 or M5. Then, select time frame for meters to calculate from the 5N+ drop down list - M1 M2 M3 M4 M5 M6 M10 M12 M15 M20 M30 H1 H2 H3 H4 H6 H8 H12 D1 WK MN
- #485
- Edited 1:05am Aug 2, 2016 1:01am | Edited 1:05am
In recent builds 970+, Metaquotes has finally provided a way to poll Windows DPI/Display Scaling
Entirely separate indicators were being created for each, 100% 125% 150% and maybe 200%. This won't be necessary anymore.
►Until then, Windows Display Scaling needs to remain at its default 100% 96 DPI ........ More Info
Entirely separate indicators were being created for each, 100% 125% 150% and maybe 200%. This won't be necessary anymore.
►Until then, Windows Display Scaling needs to remain at its default 100% 96 DPI ........ More Info
- #487
- Edited 1:12pm Aug 10, 2016 1:01pm | Edited 1:12pm
GOLD in 1H chart today drop from 1357 to 1342 ....is a big drop in price... but the nitro 5 indicator is still showing a 15% rising probability
Some would agree that $15 is a huge move down in GOLD
Others might argue $15 down in the midst of this $300+ uptrend over last 6-7 months from $1046 lows is semi-meaningless noise [as suggested in top screenshot]
So if your unique needs call for less influence to be given to this long sustained +30% uptrend beginning December 2015 .... then fine-tune your tool to give more influence to lower time frames:
- adjust Time Outlook to 'Reduced' [middle screenshot]
- adjust Time Frame lower [bottom screenshot]
... or even better, add additional meter(s) with these additional reduced settings providing an even wider perspective with more information. Albeit with some overlap.
View The Formula Page for full breakdown of time frame weighting coefficients
Is this histogram/plotting version of the indicator available for paid users? I haven't got any info through email regarding nitro+ in a long time, I am using version 5 but probably the earliest one. Thanks.
These plotters are not an on/off option within the current 5N+. It's not what it appears. As guilherme explained, there is no traditional buffer. It is plotting the % from the object list dynamically
►The hope is to help users gain a better perspective going forward from these example references showing how 5NITRO+ tends to react in and around these key levels:
- Positive +100.0%
- Positive +50.0%
- Neutral w/ Positive Bias 0.00% to +49.9%
- Neutral w/ Negative Bias 0.00% to -49.9%
- Negative -50.0%
- Negative -100.0%
5N+ is Dynamic. This article @ mql5.com helps explains why it is impossible to plot dynamic indicators or run in strategy tester. They also created a non-trading EA to help try and do so. But its additional MTF properties makes it additionally impossible.
You gave the good suggestion before to at least pull the % value from bar closes to plot ... but the same limitations apply. There are no N+ values stored anywhere within the platform ... except dynamically in real time from the object itself
- thanks faze
GOLD. in 1H chart today drop from 1357 to 1342 ....is a big drop in price... but the nitro 5 indicator is still showing a 15% rising probability why is that ?
5N+ GOLD had been quicker recently to give short bias for this M20-H1 area.
Think of 5N+ operating more with a 'ratcheting effect' rather than linearly increasing/decreasing as it mirrors price action exactly. The latter is how most all other indicators function and what most traders are familiar with I think. Especially most all other indicators that are not using multiple time frames like are being calculated here.
