koros0111 wrote: Sun Dec 09, 2018 10:58 am Dear coders
is there anybody to help me find problems for this indicator?
thanks in advanced


EURUSDM5.png

mrtools wrote: Sun Dec 09, 2018 1:27 pm

Redid the arrows and alerts.

Holmes27 wrote: Wed Dec 19, 2018 8:17 pm Hello MrTools

I would really appreciate it Mr Tools if you would please help me to understand the coding logic of how the attached ‘FiboBars 2’ indicator actually works? What it the indicator looking at when it changes its colour from red to green, and from green to red?

This indicator was originally kindly posted by mntiwana in the ‘Various Indicators’ thread on 17.12.2018, page 23, post 227.

Regards as always

Holmes27

mrtools wrote: Wed Dec 19, 2018 11:43 pm

Looks like mainly price action, for uptrend if close>open and highest high - lowest low times the level you choose < close - lowest low and the opposite is a down trend.


Thanks so much Mr Tools for working it out for me. No wonder I couldn't figure it out just by observation! I've had this indicator on a GBPUSD M1 chart for a couple of days now, and it does seem to have genuine potential as an effective scalping indicator.

Much obliged and thank you as always Mr Tools

Holmes27

wojtek wrote: Sun Dec 09, 2018 2:10 am Dear Coders, Mladen and MrTools,
please improve / optimize the attached indicators in a way
they will work properly and smoothly for any broker, etc.
The indicators generate seconds chart(s) as an offline chart.
Thank you!

trend = (i < Bars) ? (UpperLine[i + 1] < High) ? 1 : (LowerLine[i + 1] > Low) ? -1 : (MidLine[i + 1] < Close && MidLine[i + 1] > Close) ? 0 : trend[i + 1] : 0;