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Re: MT4 Indicators with alerts/signals

rudiarius, Sun Jun 04, 2017 11:50 pm

Dear Coders,

Below there are the pin bar detector and engulfing bar alert indicators I use. Is there a possibility to code a signal alert only when the full range (high-low) of the signal bar is bigger than the full range of the previous x bars? This way we could eliminate some insignificant signals. The same would be helpful with engulfing indicator too, to avoid small engulfing patterns. I am also looking for a better engulfing indicator which uses the principle that can be seen on the attached picture. Or could you modify this indicator according to this picture, please?

Thanks in advance!
! PinbarDetector.mq4 Downloaded 1913 times 10.01 KiB

Engulfing Bar Alert v1.2.mq4 Downloaded 1830 times 3.9 KiB

real engulfing pattern real engulfing pattern

Many insignificant signals and loosely defined engulfing patterns Many insignificant signals and loosely defined engulfing patterns

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