Yesterday BreakOut
yHigh = yesterday High
yLow = yesterday Low
Current = current price
When the prices breakout above yesterday high, we go long.
Vice versa.
When the prices breakout below yesterday low, we go short.
But there's always a fake breakout.
This is an old strategy way back in 2007 called Spud's MTF FIB Breakout System
If the price is near the low or the high of yesterday,
this is what the colors look like in the two pictures below.
Click on the symbol buttons such as [GBPJPY] to go
directly to that chart.
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Edit: Thursday, August 13th, 2020, 11PM, PST
Please download the new version at:
viewtopic.php?p=1295416985#p1295416985
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edit 5/8/22:
Please download newer versions at:
viewtopic.php?p=1295476970#p1295476970
Thank you.
Re: Indicators with ON/OFF buttons
552Hi
I have found the button location of the supertrend indicator does not relocalte to other corners when selected, is it just on my platform?
Re: Indicators with ON/OFF buttons
553OK, done.DVanAssen wrote: Tue Aug 11, 2020 8:29 pm Hi again Banzai and Xaard. Too many including me, using Xaard VWAP is great as it is aligned to daily weekly and monthly "lines". But scrolling back and forth as suggested by Xaard is cumbersome. What i done was added the attached VWAP to my charts together with Xaard VWAP thus on whatever TF chart we are on we can also see the daily weekly and monthly levels together with Xaard VWAP. By so doing it reveals these unexplained "stops' between Xaard VWAP and also helps to set TP and SL. To those who will use it please change the colors (I have for visual memory sake made LimeGreen daily, Weekly White and Magenta Monthly). Thus Sir, please in your spare time please add a button to this indi to make Xaard set "complete".
Once again gratitude and respect. Stay well
Re: Indicators with ON/OFF buttons
554
Dear Mr.BanzaiBanzai wrote: Thu Aug 13, 2020 8:27 am Yesterday BreakOut
yHigh = yesterday High
yLow = yesterday Low
Current = current price
When the prices breakout above yesterday high, we go long.
Vice versa.
When the prices breakout below yesterday low, we go short.
But there's always a fake breakout.
This is an old strategy way back in 2007 called Spud's MTF FIB Breakout System
If the price is near the low or the high of yesterday,
this is what the colors look like in the two pictures below.
Click on the symbol buttons such as [GBPJPY] to go
directly to that chart.
Thank you for giving us great indicators every day.
When I was using this indicator, I thought that if it could be added the fanction to detect not only yesterday's high / low breakouts, but also Asian breakouts, London opening breakouts, etc., it would be the most effective indicator of all break out ones.
I will post this request in the MT4 Indicator requests and ideas section.
Thank you very much.
Mrs.Watanabe
- These users thanked the author Mrs.Watanabe for the post (total 2):
- Banzai, josi
At the back of a road in common use is another road in the mountain of flowers; you may take either way but be in time still in bloom.（Rikyu SEN）
人の行く裏に道あり花の山
いずれを行くも散らぬ間に行け (利休百首外から)
人の行く裏に道あり花の山
いずれを行くも散らぬ間に行け (利休百首外から)
Re: Indicators with ON/OFF buttons
555Yes, please.Mrs.Watanabe wrote: Thu Aug 13, 2020 1:20 pm I will post this request in the MT4 Indicator requests and ideas section.
I don't know mql4 enough
and my mql4 knowledge didn't improve much.
Thank you.
The easiest breakout is the Jurik Band squeeze breakout.
We don't have to study much. We look and we can see. One indicator.
It's an overkill indicator but it's so easy to spot the squeeze.
We really need a dashboard to alert us when there's a squeeze.
Nice talking to you.
Re: Indicators with ON/OFF buttons
556Wow, thank you sooo much! Have a great day ahead. Regards Deane
Re: Indicators with ON/OFF buttons
557Until you realize that every price move that doesn't end in an inside (or same size) candle is a breakout.Mrs.Watanabe wrote: Thu Aug 13, 2020 1:20 pm
Dear Mr.Banzai
Thank you for giving us great indicators every day.
When I was using this indicator, I thought that if it could be added the fanction to detect not only yesterday's high / low breakouts, but also Asian breakouts, London opening breakouts, etc., it would be the most effective indicator of all break out ones.
I will post this request in the MT4 Indicator requests and ideas section.
Thank you very much.
Mrs.Watanabe
Breakout vs inside candles (or ranges if you want to break a higher TF down to a lower TF)
But that is part of price action trading, so you know all about that...
Re: Indicators with ON/OFF buttons
558Nice squeeze on the Jurik Volty Bands modified by MrTools for Beastie:Banzai wrote: Thu Aug 13, 2020 2:29 pm
The easiest breakout is the Jurik Band squeeze breakout.
We don't have to study much. We look and we can see. One indicator.
It's an overkill indicator but it's so easy to spot the squeeze.
We really need a dashboard to alert us when there's a squeeze.
Nice talking to you.
Re: Indicators with ON/OFF buttons
559I didn't like the colors. They're too confusing.
So I just make two colors.
If the prices are above yesterday high, then it's green.
Vice versa.
If the prices are below yesterday low, then it's red.
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Edit: Thursday, August 13th, 2020, 11PM, PST
Please download the version at:
viewtopic.php?p=1295416985#p1295416985
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