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Re: Message to all programmers: NEW tip to improve EA/indicator

samusmus, Wed Oct 17, 2018 6:12 am

Inspirational ideas for new coders:
- many EA's are out there. But some are rare or not yet invented like these ideas:
* TMA expert advisor (since TMAc is repainting and the other TMA's are recalculating it's not possible, so an inspiration is to build a non-recalculating tma and tma expert advisor. Will this be possible in the future to code tma asymmetric bands.mq4 and TMA bands qtfx.mq4 for an expert advisor?
* expert advisors regarding post #2's indicators
* expert advisor for PnF, point and figure. See attachment for more info





Attachment #1: PnF

What are pnf charts:

Pnf charts track only price changes and ignore time, as you probably noticed in the charts. The aim is to reduce market noise. pnf is used mainly in breakout strategies and could be an addition to stop hunt strategies. (other strategies:

Edited ---------------------------------------- links removed



Summary:

So in short, pnf is based on lows and highs. 1 column can only contain X's or O's (not both). Change requires a move equal to or greater than the reversal distance (based on 1. ATR or 2. absolute price value). ATR method is useful on all pairs, while the absolute price method is straightforward and easy to anticipate when and where new boxes will form, but selecting the correct box size for a specific pair will take some experimentation.
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