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Multi-Indic Watcher

  • #61
  • Dec 1, 2016 5:40pm Dec 1, 2016 5:40pm
Quoting notreally
{quote} How do I see the results after changing the coefficient?
After changing some of the coefficient, the calculation will be done and show the dashboard accordingly.
MT4/MT5 EAs/Indicators/Alerts coder
  • #62
  • Dec 2, 2016 10:40am Dec 2, 2016 10:40am
Quoting FerruFx
{quote} After changing some of the coefficient, the calculation will be done and show the dashboard accordingly.
Both these are same pair but different coefficient but I see not difference or numerical value.

Black background has all 1 coefficient.
White back ground has larger coefficient.
Maybe I have a old version.

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  • #63
  • Feb 28, 2017 4:43pm Feb 28, 2017 4:43pm
Hello FerruFx,
thank you very much for sharing this great free indicator, God bless you!

It's just the beginning and it seems very flexible, given that is also possible to put custom level to personalize for example wich Moving Average we want it uses for elaborating calcules and colors!

I downloaded and installed without reading your suggestion to run it on just a few indicators and/or pairs, and after that I wanted to change it from Multi-indicator settings to Multi-Pairs settings but MT4 stopped and a message appeared, saying that Multipairs setting allow only 1 indicator an image shows:
Attached Image (click to enlarge)
Click to Enlarge Name: Schermata 2017-02-28 alle 23.10.48.png Size: 71 KB


I saw that it requires some time when comes to adding one additional pair to the multipairs settings: MT4 seems to block and I need to wait 20-30 seconds or more before new pair is added on the graph for the selected indicator. Anyway, that's a great tool!

I'd like to ask you a question about coefficient for timframes: what does it mean exactly? Given that colours are just 3, what's change if I want to give more importance/coefficient to higher timeframes? How this affect colours given that there are no many levels of blue/gold/red but only one for each of them.

Hope it's clear, thank you very much!
  • #64
  • Feb 28, 2017 5:46pm Feb 28, 2017 5:46pm
Quoting trader25
Hello FerruFx, thank you very much for sharing this great free indicator, God bless you! It's just the beginning and it seems very flexible, given that is also possible to put custom level to personalize for example wich Moving Average we want it uses for elaborating calcules and colors! I downloaded and installed without reading your suggestion to run it on just a few indicators and/or pairs, and after that I wanted to change it from Multi-indicator settings to Multi-Pairs settings but MT4 stopped and a message appeared, saying that Multipairs...
Yes the more pairs used, the more calculation has to be done when you apply it. It must retrieve all the new symbols datas.

About the coefficient question ... that's not to add more colors in the signals ... but to add more impact to a given timeframe in the calculation for the signal.
MT4/MT5 EAs/Indicators/Alerts coder
  • #65
  • Feb 28, 2017 6:10pm Feb 28, 2017 6:10pm
Cool! Thanks for your hard work, Ferru. Will test later tonight.
Please check out my blog at https://from-zero-to-hero . net
  • #66
  • Feb 28, 2017 6:13pm Feb 28, 2017 6:13pm
Quoting FerruFx
{quote} Yes the more pairs used, the more calculation has to be done when you apply it. It must retrieve all the new symbols datas. About the coefficient question ... that's not to add more colors in the signals ... but to add more impact to a given timeframe in the calculation for the signal.
Thank you for your so quick reply!
It's very useful to have such a quick look at all the pairs you're interested and their timeframes, so much time saved! That's a wonderful indicator!

I finished setup the MultiplePairs view, based on MA8. It means that as open price (or whatelse?) is above/equal/below MA8, than the color is blue/gold/red? (If uptrend then blue is showing, if downtrend red is shown) Could you confirm me this please?

Thank you very much, God bless you!
  • #67
  • Feb 28, 2017 7:02pm Feb 28, 2017 7:02pm
Quoting trader25
{quote} ... based on MA8. It means that as open price (or whatelse?) is above/equal/below MA8, than the color is blue/gold/red? (If uptrend then blue is showing, if downtrend red is shown) Could you confirm me this please? Thank you very much, God bless you!
MA is UP = up color
MA is down = down color
MA is flat = flat color

That's it!
MT4/MT5 EAs/Indicators/Alerts coder
  • #68
  • Mar 4, 2017 3:58am Mar 4, 2017 3:58am
Quoting FerruFx
{quote} MA is UP = up color MA is down = down color MA is flat = flat color That's it!
Thank you Ferrux, What a beauty Multi Indicator, so easy to use after i played a bit with settings
and they all perfectly match with indicators opened on chart
I was only wondering if there is a version with the "Load button" so i can save settings
and load them ready made to use, with different Ma,Adx,Rsi values etc ,, i am sure you know what i mean_
Best Regards and subscribed not to miss any update from you
The arriving better than the arrival, the journey has just started
  • #69
  • Mar 4, 2017 7:02am Mar 4, 2017 7:02am
Quoting jenbols
{quote} ... I was only wondering if there is a version with the "Load button" so i can save settings and load them ready made to use
This version was coded almost 10 years ago and the "save/load" buttons for indicators weren't available with the old language (before build 600).

I will send you a PM for a new available upgraded version.
MT4/MT5 EAs/Indicators/Alerts coder
  • #70
  • Mar 4, 2017 7:38am Mar 4, 2017 7:38am
Oh yeah that's true it was in 2008, i didn't even know what forex was in that year
Many Thanx
The arriving better than the arrival, the journey has just started
  • #71
  • Mar 4, 2017 7:51am Mar 4, 2017 7:51am
Quoting jenbols
Oh yeah that's true it was in 2008, i didn't even know what forex was in that year Many Thanx
MT4/MT5 EAs/Indicators/Alerts coder
  • #72
  • Mar 22, 2017 1:46pm Mar 22, 2017 1:46pm
Quoting FerruFx
{quote} MA is UP = up color MA is down = down color MA is flat = flat color That's it!
Hi FerruFx,
even if number of demo operations is very low, I wanted to share with you very good results I optained in demo testing with your powerful multiple timeframe panel.

When deciding if entering or not into the market, I needed to look also at support/resistance levels. I've not considered M5, but from M15 to Monthly colors, on pairs couples using AUD, CAD, EUR, JPY, USD, NZD currencies.

Please find image attached: in the "comment" field on the right, 5/5 or 6/6 means that all 5 or 6 timeframes shown the same colour/signal (blue for buy or red for sell, as you know). There are 3/6 stop losses taken with trailing stop but still in positive result, so red colour could bring to confusion at a first look.

I have only used MovingAverage 8 as indicator. Maybe is risky but I have not considered news: I opened positions without knowing if it was close to the time for potential big impact news.

Now, I took away the Monthly colour and I added the M5 one. What I'm trying to do is choosing which currencies are stronger vs all the other ones. If more pairs are shown where the same currency is strong, in my opinion there are higher chances that trends will continue in that way, all other conditions being equal.

I try to avoid opening positions where trend is lateral, even if multiple timeframe gives 6/6 buy or sell. One thing that your powerful panel could have is the chance to have an additional Moving Average that we could say " goes up or goes down" like the other one, in order to quickly identify wich currency pairs are in a well defined trends (bearish or bullish).

Anyway, you did a wonderful job in my opinion! Thank you very much!
Attached Image (click to enlarge)
Click to Enlarge Name: Schermata 2017-03-22 alle 19.17.58.png Size: 98 KB
  • #73
  • Mar 22, 2017 6:36pm Mar 22, 2017 6:36pm
Quoting trader25
{quote} Hi FerruFx, even if number of demo operations is very low, I wanted to share with you very good results I optained in demo testing with your powerful multiple timeframe panel. When deciding if entering or not into the market, I needed to look also at support/resistance levels. I've not considered M5, but from M15 to Monthly colors, on pairs couples using AUD, CAD, EUR, JPY, USD, NZD currencies. Please find image attached: in the "comment" field on the right, 5/5 or 6/6 means that all 5 or 6 timeframes shown the same colour/signal (blue for...
Thank you for your feedback. Wish you all the best!
MT4/MT5 EAs/Indicators/Alerts coder
  • #74
  • Aug 21, 2017 9:10am Aug 21, 2017 9:10am
hi Ferrufx,

would you share with me the latest updated version of this indi.

may god bless you with superior intelligence, so you can build great indicators )))
  • #75
  • Aug 21, 2017 10:34am Aug 21, 2017 10:34am
Quoting kalpavata
hi Ferrufx, would you share with me the latest updated version of this indi. may god bless you with superior intelligence, so you can build great indicators )))
The version in post #1 is the latest!
MT4/MT5 EAs/Indicators/Alerts coder
  • #76
  • Aug 21, 2017 7:11pm Aug 21, 2017 7:11pm
Outstanding work Ferru!
cheers
maahome
  • #77
  • Oct 1, 2020 6:47am Oct 1, 2020 6:47am
Quoting FerruFx
{quote} The version in post #1 is the latest!
ths is one of the best indicator thanks for your work.
Always Be +ive
  • #78
  • Last Post: Oct 10, 2020 11:24am Oct 10, 2020 11:24am
Great. I like being able to change the colors
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