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Indicators Lab

  • #21
  • Aug 30, 2016 7:36am Aug 30, 2016 7:36am
Quoting abokwaik
{quote} I thought you were referring to status of open trades, not closed ones. Because I am working on a similar concept on open trades in order to select the best moment to close a basket of trades. Anyway, what you want is a trade report From Date to Date, grouped by either Pair or Expert Magic Number, showing Max DD amount and Closed Profit Amount. I don't think that can be easily done. In order to do that, the indicator will have to exactly simulate the trading history, which is not an easy job. I think Quant Analyzer (of StrategyQuant) provides...
You know 100 times more about programming than me, but allow me to give an idea:

For each Magic or Pair open in MT4: sum open profit (if continuous is to heavy can be like once per minute), if value is lower (more negative) than previous then store it in a variable. That variable is the Max DD reached by that Magic or Pair.

Or it's not that easy?
  • #22
  • Aug 30, 2016 7:44am Aug 30, 2016 7:44am
Quoting FerruFx
{quote} The levels are based on the distance between the MA high and the MA low ... It's dynamic so it can be done by coding only.
Hi FerruFX,
Yes and thank for your help!

Nth
  • #23
  • Aug 30, 2016 8:08am Aug 30, 2016 8:08am
Quoting kilion
{quote} You know 100 times more about programming than me, but allow me to give an idea: For each Magic or Pair open in MT4: sum open profit (if continuous is to heavy can be like once per minute), if value is lower (more negative) than previous then store it in a variable. That variable is the Max DD reached by that Magic or Pair. Or it's not that easy?
Calculate DD is not the issue. Simulating the trades is.

Difficulties are :

  1. Minimum accessible price data is on M1, which will create differences specially on scalping systems
  2. Array Management, because all trades active at the same time should be stored and tracked every minute.

It is possible, but requires some work.

Let see how the voting will end, and if its on the top, I will do it no matter what.

No guts, no glory
  • #24
  • Aug 30, 2016 11:48am Aug 30, 2016 11:48am
Quoting abokwaik
{image} This thread is going to be my custom indicators repository on FF. I will develop indicators based on my ideas and ideas from other FF members. Indicators should be new, never developed before, and preferably not dependent on other indicators. It would be nice if the requester describes the planned indicator usage. The thread will be restricted to MT4 indicators. Robots are not allowed in this lab. Please, No modification requests on other people indicators. As indicator requests grow, I will add them to a poll on the thread, and start with...
Good job..very insterested sir..would you mind making the indicator based on different speed tick chart candle..mybe for scalping..the indicators can read diiffirent speed tick..thanks regard
  • #25
  • Aug 30, 2016 3:38pm Aug 30, 2016 3:38pm
Quoting fdihlizm
{quote} Good job..very insterested sir..would you mind making the indicator based on different speed tick chart candle..mybe for scalping..the indicators can read diiffirent speed tick..thanks regard
Check Need4Speed thread. Indicators and Expert Advisors were provided, mql4 source files available on the thread.
No guts, no glory
  • #26
  • Aug 31, 2016 8:28am Aug 31, 2016 8:28am
i agree with "nth" about replacing "mean" with "median" in indicators . i have an idea about "better CCI " , so cci = k (price - sma) / mean absolute deviation right ?
how about replacing price with supersmoother10 , sma with moving median , mean absolute deviation with median absolute deviation from median .
then better cci = k' (supersmoother10 - moving median)/median absolute deviation from median
  • #27
  • Aug 31, 2016 10:27am Aug 31, 2016 10:27am
Quoting KumoBreaker
i agree with "nth" about replacing "mean" with "median" in indicators . i have an idea about "better CCI " , so cci = k (price - sma) / mean absolute deviation right ? how about replacing price with supersmoother10 , sma with moving median , mean absolute deviation with median absolute deviation from median . then better cci = k' (supersmoother10 - moving median)/median absolute deviation from median
Hi, KumoBreaker
Each trader bring their own believe even their own hypothesis when participate the forex, so I dont have any comment regarding the cci. My experience tell me that it is better to avoid as much as possible any kind of "smooth" indicator. The question is which kind of info you want to extract from price movement and why...

Nth
  • #28
  • Sep 1, 2016 10:26am Sep 1, 2016 10:26am
Quoting nth
{quote} Hi, KumoBreaker Each trader bring their own believe even their own hypothesis when participate the forex, so I dont have any comment regarding the cci. My experience tell me that it is better to avoid as much as possible any kind of "smooth" indicator. The question is which kind of info you want to extract from price movement and why... Nth
i don't have a problem with filtering (without introducing too much lag) cause price chart is always right in front of u so there's no data loss & u can get rid of aliasing noise
  • #29
  • Sep 1, 2016 10:54am Sep 1, 2016 10:54am
Quoting KumoBreaker
{quote} i don't have a problem with filtering (without introducing too much lag) cause price chart is always right in front of u so there's no data loss & u can get rid of aliasing noise
Hey Kumo,

I looked at Lo's modified Re-scaled Range.
Looks a bit complex, and will need some effort to develop.
I might take a shot at it after I finish a new News indicator I am working on (part of Brave Heart system).

Meanwhile, would you explain how are you planning to use the rescaled range indicator.

Thanks,
No guts, no glory
  • #30
  • Sep 1, 2016 10:59am Sep 1, 2016 10:59am
I can see little to no interest in the requested indicators so far. (which means less work for me )
So far redfan's "Plot Tick Box on the Chart" is at top. If its stays there until Monday, I will do it next week.
No guts, no glory
  • #31
  • Edited Sep 2, 2016 10:42am Sep 1, 2016 1:00pm | Edited Sep 2, 2016 10:42am
Quoting redfan
Hi Abokwail I may have spoken to you about this several weeks ago. I don't think it's been suggested before, so it is very new. What I need is an indicator that put two lines on the chart to tell me what the top price and the bottom prices from the tick box is .This indicator helps me to understand whether the market is being compressed or stretched. I hope this indicator can be made once again you impress me with your willingness to help others. see picture These two lines will move up and down and mirror the tick box top and bottom price as they...



Hi Abokwail



Just wondering if it would be any easier to have the number of points between the top price and the bottom price of the tick box on the chart.
Instead of the two lines

Just a bit of information about my indicator request.

As we have to vote on it.

Just thought I'd let people know what this indicator would give them.
The indicator will have two moving lines which will mirror the top price and the bottom price in the tick box window. If you watch this tick box for some time, you will realise that the price at the top stays the same, even though the actual price is going up and down. It's the same with the price at the bottom. Sometimes it stays the same, even though the price is going up and down. Sometimes you will see the price at the top stay the same
But the price at the bottom is getting nearer to the price at the top. This tells you the market is being compressed. We have the opposite also. Price at the bottom stays the same, but the price at the top goes higher this tells you the market is being stretched. I believe that these market conditions can tell us when to get in a trade.
By using these two moving lines and the colour of the candles. we can get in the trade. Take the profit and get out.

Hi everybody


Just thought I'd make a little video to show you what my two lines
mirroring the tick box can show you. It will also show you how hard it is to move the lines manually. And why I need an indicator to move the line's for me.
PS. I made a mistake with this trade my EA took the buy trade instead of the sell trade,
You will clearly hear me say I'm selling at this time and I would have had a good profit. Please vote for this indicator

Inserted Video
  • #32
  • Edited 11:30pm Sep 2, 2016 10:32pm | Edited 11:30pm
Quoting redfan
{quote} Hi Abokwail Just wondering if it would be any easier to have the number of points between the top price and the bottom price of the tick box on the chart. Instead of the two lines Just a bit of information about my indicator request. As we have to vote on it. Just thought I'd let people know what this indicator would give them. The indicator will have two moving lines which will mirror the top price and the bottom price in the tick box window. If you watch this tick box for some time, you will realise that the price at the top stays the...
Got my vote Redfan So even works on 1M tf...cool
  • #33
  • Sep 3, 2016 4:54am Sep 3, 2016 4:54am
Quoting gwindy
{quote} Got my vote Redfan So even works on 1M tf...cool





Thank you for your support and voting for my indicator.
I am still testing this method but what I have worked out is compression of the market means there is going to be a break out. When the market is stretched. I can't make my mind up what this means. I've had some good results. But because I have to move the lines manually I miss things. But who knows this could be a great way of trading.


thank you.
  • #34
  • Sep 4, 2016 7:23am Sep 4, 2016 7:23am
i don't know if it can be done, but it would be nice with an indicator that can tell me what the MM are up to since they control the price.
  • #35
  • Sep 4, 2016 10:40am Sep 4, 2016 10:40am
A sneak peek on the new News Indicator (still under development).

Attached Image (click to enlarge)
Click to Enlarge Name: news_00.PNG Size: 28 KB


Attached Image (click to enlarge)
Click to Enlarge Name: news_000.PNG Size: 34 KB
No guts, no glory
  • #36
  • Sep 4, 2016 10:59am Sep 4, 2016 10:59am
Quoting abokwaik
A sneak peek on the new News Indicator (still under development). {image} {image}
Hi Abokwail.

what does the percentage figures represent.
  • #37
  • Sep 4, 2016 11:12am Sep 4, 2016 11:12am
Nice news indicator, but I wonder what the advantage is compared to the calendar here on FF.

What I wondered about is MM price action analysis to predict the future price. Since their trade is mostly done by algoritms it should be possible to find patterns which are both repeatable and profitable. They of course try to hide and set traps and so on but that should be avoidable.
  • #38
  • Edited 12:40pm Sep 4, 2016 12:28pm | Edited 12:40pm
Quoting redfan
{quote} Hi Abokwail. what does the percentage figures represent.
Each news event has a max of 4 values depending on availability from the source, 1.Actual, 2.Forecast,3. Previous, 4.Revised From.
Actual and Previous(if revised) values are colored (Better : Green, Worse:Red, Normal:Gray).

News Refresh Functionality:

  1. Every x minutes, settable by user. Default (240Min=4H)
  2. By pressing the "Refresh All, Refresh Actual" Buttons
  3. Auto Refresh of "Actual" values on News Release time

More to come ...

No guts, no glory
  • #39
  • Sep 4, 2016 12:32pm Sep 4, 2016 12:32pm
Quoting moneyfred201
i don't know if it can be done, but it would be nice with an indicator that can tell me what the MM are up to since they control the price.
What on earth are you talking about?
No guts, no glory
  • #40
  • Sep 5, 2016 5:09am Sep 5, 2016 5:09am
Quoting abokwaik
A sneak peek on the new News Indicator (still under development). {image} {image}
Sweet
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