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Re: Bollinger Bands type indicators for MT4
Posted: Wed Nov 16, 2022 2:55 pm
by mrtools
honje19960321 wrote: Wed Nov 16, 2022 2:07 pm
Dear Mr.Tools, this is a small upgrade request.
The silver line is located on the signal line and changes color to lime, and the silver line is located below the signal line to change color to red
gratitude
Donchian Channel Oscillator with MTF & Zero Line Cross Signals
Made it as an option to choose between zero cross or signal cross.
Re: Bollinger Bands type indicators for MT4
Posted: Wed Nov 16, 2022 5:14 pm
by Wole
mrtools wrote: Wed Nov 16, 2022 2:55 pm
Made it as an option to choose between zero cross or signal cross.
Great work.
Can we get a brief explanation from those who use it?
Thanks.
Re: Bollinger Bands type indicators for MT4
Posted: Wed Nov 16, 2022 5:18 pm
by Jedidiah
Wole wrote: Wed Nov 16, 2022 5:14 pm
Great work.
Can we get a brief explanation from those who use it?
Thanks.
Wait until I get home tonight. The simulated backtest will teach you how to use it.
Re: Bollinger Bands type indicators for MT4
Posted: Wed Nov 16, 2022 6:12 pm
by mrtools
honje19960321 wrote: Wed Nov 16, 2022 4:19 pm
Dear Mr. Tools, please add a three-color candle. The candle shows green when the silver line breaks above the channel, red when the silver line breaks below the channel, and gray when the silver line is inside the channel.
gratitude
Donchian Channel Oscillator with Candlestick Overlay, MTF & Alerts
Did this one for now, not real sure how to do a 5 color candle.
Re: Bollinger Bands type indicators for MT4
Posted: Wed Nov 16, 2022 6:49 pm
by Jedidiah
mrtools wrote: Wed Nov 16, 2022 6:12 pm
Did this one for now, not real sure how to do a 5 color candle.
Good job, I'll explain the colored candle idea when I get home. I can't go into details because I'm out there right now and don't have a computer. sorry.
Re: Bollinger Bands type indicators for MT4
Posted: Wed Nov 16, 2022 8:04 pm
by vvFish
mrtools wrote: Wed Nov 16, 2022 2:55 pm
Made it as an option to choose between zero cross or signal cross.
Re: Bollinger Bands type indicators for MT4
Posted: Wed Nov 16, 2022 8:48 pm
by Jedidiah
vvFish wrote: Wed Nov 16, 2022 8:04 pm
hi vvFish
Can you share the overbought and oversold indicators on the subwindow?
honje
Re: Bollinger Bands type indicators for MT4
Posted: Wed Nov 16, 2022 8:58 pm
by Jedidiah
mrtools wrote: Wed Nov 16, 2022 6:12 pm
Did this one for now, not real sure how to do a 5 color candle.
Dear Mr. Tools, Thank you for your generosity in upgrading this gem. .
Please check the arrow code for the breakout channel below.
I feel the arrows are not accurate.
gratitude
Re: Bollinger Bands type indicators for MT4
Posted: Wed Nov 16, 2022 10:11 pm
by josi
mrtools wrote: Mon Nov 14, 2022 7:54 am
Pretty cool results, if you use the <0 (look for sells) and >0 (look for buys) -function and combine it with "signal-cross".
I am not at all sure that the criterium "outside-channel" gives the best signals.
Re: Bollinger Bands type indicators for MT4
Posted: Wed Nov 16, 2022 10:21 pm
by Jedidiah
josi wrote: Wed Nov 16, 2022 10:11 pm
Pretty cool results, if you use the <0 (look for sells) and >0 (look for buys) -function and combine it with "signal-cross".
I am not at all sure that the criterium "outside-channel" gives the best signals.
Breakout Channels Represent Volatility Trends