Reading scaled custom indicator values! | Forex Factory

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Reading scaled custom indicator values!

  • #1
  • First Post: Sep 4, 2016 10:15am Sep 4, 2016 10:15am
http://i.imgbox.com/eHKn5cDd.png
I want to read the values of the red indicator like it were on the top orange moneyflow index chart!
Do not the values in range -250000 to 260000 I want to read them in the range -100 to 100!
How is this possible?
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 14 KB
Vucking good EA coder... https://t.ly/AZjRM
  • #2
  • Sep 4, 2016 10:56am Sep 4, 2016 10:56am
They don't have the same vertical scale ... so even if visually they look close together, you can't compare their values (ie. for a cross).
MT4/MT5 EAs/Indicators/Alerts coder
  • #3
  • Sep 4, 2016 12:26pm Sep 4, 2016 12:26pm
Thank you very much....I was afraid of that answer!
Vucking good EA coder... https://t.ly/AZjRM
  • #4
  • Dec 20, 2016 8:44pm Dec 20, 2016 8:44pm
Quoting reteid2222
http://i.imgbox.com/eHKn5cDd.png I want to read the values of the red indicator like it were on the top orange moneyflow index chart! Do not the values in range -250000 to 260000 I want to read them in the range -100 to 100! How is this possible? {image}
You can place a moving average or Bollinger band on it to act as a trend line. A lower value could act as a change in direction signal, while a really high value could act as a centerline. You won't be able to use them as control limits, but surely a trend line is better than a control limit in most cases.
You cannot be extraordinary by being normal
  • #5
  • Dec 21, 2016 4:02am Dec 21, 2016 4:02am
Quoting dkrock
{quote} You can place a moving average or Bollinger band on it to act as a trend line. A lower value could act as a change in direction signal, while a really high value could act as a centerline. You won't be able to use them as control limits, but surely a trend line is better than a control limit in most cases.
thank you for the answer!
Vucking good EA coder... https://t.ly/AZjRM
  • #6
  • Dec 22, 2016 1:13am Dec 22, 2016 1:13am
Hey reteid:
I did this before but I used QQE. I was able to get the scale thing figured out for two indicators on one window. We could then use a horizontal line to detect crossings or something like that. I forget it's been a while. I still have the code so I'll take a peak and see if we can use it for this.

Just give me some time, I am on the road and I am using my cell phone so I am all thumbs when I look for things LOL.

Peace
Jess
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  • #7
  • Dec 24, 2016 11:51pm Dec 24, 2016 11:51pm
Quoting xmess7
Hey reteid: I did this before but I used QQE. I was able to get the scale thing figured out for two indicators on one window. We could then use a horizontal line to detect crossings or something like that. I forget it's been a while. I still have the code so I'll take a peak and see if we can use it for this. Just give me some time, I am on the road and I am using my cell phone so I am all thumbs when I look for things LOL. Peace Jess
You can create level lines on many indicators, but I think the reference is for OBV...on balance volume. Since it is tied to transactions, or something like that, it really has no static scale.
You cannot be extraordinary by being normal
  • #8
  • Last Post: Dec 25, 2016 4:14am Dec 25, 2016 4:14am
Of course can you normalize the values. The money flow index does this also.
Look at the formula of it and you will see the last step is only to normalize it to -100/100. Do the same with the other indicator and you can use both in the same manner
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