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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
(10.01 KiB) Downloaded 1595 times
Engulfing Bar Alert v1.2.mq4
(3.9 KiB) Downloaded 1464 times
real engulfing pattern
Many insignificant signals and loosely defined engulfing patterns
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