Working perfect Jimmyboy!!!! Thanks for new options & color change abilityJimmy wrote: Wed Oct 23, 2024 7:25 pm Here you go, added the ability to adjust the widths of the histogram.
Thanks to John for posting the open source code version as well.
Jim what is this indicator about... couldn't find any info on it onlineJimmy wrote: Wed Oct 23, 2024 7:25 pm Here you go, added the ability to adjust the widths of the histogram.
Thanks to John for posting the open source code version as well.
I've had a look at the code and added information on this indicator to my post here: What is the Professional Swing indicator for MT4?boytoy wrote: Thu Oct 24, 2024 6:53 pm Jim what is this indicator about... couldn't find any info on it online
Excellent write upJimmy wrote: Thu Oct 24, 2024 7:09 pm I've had a look at the code and added information on this indicator to my post here: What is the Professional Swing indicator for MT4?
Hello Mr. Jimmy I´m new here , I love your work on this indicator , ( Idon know how to use posts here im learning) But I would apreciate VERY MUCH if you could makeit work on 1 minute TF. idont know how to code, I´m beggin u , because it only works on 5min tf above. Please its very important for me.. Also if we could add a filte fot less signals would be increditable ..Thanku very very much.Jimmy wrote: Wed Oct 23, 2024 7:25 pm Professional Swing indicator with Alerts
Here you go, added the ability to adjust the widths of the histogram.
Thanks to John for posting the open source code version as well. In reply to boytoy's question, having a look at the code I'll describe what it's based on below.
What is the Professional Swing Indicator for MT4?
The Professional Swing indicator is used for analyzing price action based on High and Low values over a specific period.
The main calculation involves averaging the High and Low prices over the last five bars. This average (referred to asMainwithin the code) is used to determine how far the current high or low is from this average, scaled by a measure of volatility (Minrin the code).
TheMinrvariable is calculated as a fraction of the average price range over the last five bars. This can be interpreted as a measure of "market volatility". By observing the indicator, it scales the distance of the current High or Low from this average based on this volatility.
Uses
This indicator attempts to identify potential scalping entry and exit points by visualizing momentum and volatility in the market.
The dots above the Histogram indicate potential buy and sell signals based on threshold conditions for the calculated buffers whereas the Histogram (although colored in reverse by default) can be used as an overall picture of the market.
You can use this to scalp on all timeframes.
)Hey! Can you please advise and share the green arrows?Pipa wrote: Wed Mar 26, 2025 11:33 pm Created this version of ProfessionalSwing:
the ProfessionalSwing_MOA (Multi timeframe, Objects on chart, Alert options).
It is just a piece of code I played with since I'm new to coding. And, I find this algo interesting.
So, I implemented some additional options, made it more 'clear' regarding all possibilities and tried to make it somewhat eye-pleasing.
Some notes:
1. when adding multiple instances of this indicator, make sure to use unique Object ID's [input tab 'Object ID']
2. do not rename the indicator. If so, it will remove itself
3. I haven't tested it extensively, but as far as i know, it works just fine (I hope)
4. condition arrows: when the high + low are fully above/below the 0 value
5. condition OB/OS: when the histo value exceeds the value(s) +24 or -24
Anyhow, perhaps it has some value for some.
USDJPYM1.png
USDJPYM1_MTF.png
ProfessionalSwing_MOA.ex4
The green arrows is generated by the same indicator, but in MTF mode (using M15 on a M1 chart)