delp wrote: Mon Apr 15, 2024 5:42 pm Mrtools, can I ask you for one more favor, we need to change the pointer signal as in the picture, add color levels 0.3; 0.5; 0.7

Interesting setup!

Could you share it?

Dear Sirs,
Is there such an indicator as PSAR + shift option and if not, why not?
Thank you for replying at your earliest convenience, please.
Hercs.

jmb1 wrote: Fri Apr 12, 2024 8:26 pm hi everyone
i hope you are having a great day
i am looking for an indicator that would draw the range of a for example a wkly candle( MTF version ) with horizontal lines drawn only towards forwards direction with option of adjust color or type/size etc of line options just like properties of an object for example like a horizontal line
also option of how many candles one can select backwards

if this has been made before i dont know

if anyone is willing to share that would be very kind


many thanks and kind regards

----- anyone ---------- please -------------thanks

-L- wrote: Fri Apr 05, 2024 3:50 am Hello mrtools, kvak and everyone,

I found this non lag countdown indicator which is based on one coded by mladen, however when I attached to chart, sometimes it changes from count up to countdown, mostly when starting the new candle, so I would like to request if it's possible to add a buffer to choose either count up or countdown, or just completely remove one of those two modes so it won't be changin randomly.

thanks in advance

Hi guys, could you please check this?

or is there already a clock/candle timer that don't depend on the ticks of the chart that you could share with me?

thanks in advance

lukgoku wrote: Mon Apr 15, 2024 7:02 pm Interesting setup!

Could you share it?

There is essentially nothing to share, there are only two indicators here: 1 - post1295462734.html#p1295462734
2 - NINA

"Expansion Contraction Indicator" by Brian Latta

mrtools, kvak, and the master coders here, I was wondering if it would be possible to have this indicator ported for MT4.

Here is a detailed description from its TradingView page, which has the indicator available for free use but the source code protected:

Expansion Contraction compares 2 price points (the high and the low), up or down through the 2 moving average channel (MAC) settings. Since Expansion Contraction measures every period (chart setting), it technically has “zero lag”. A second indicator compares 2 price points (the high and the low), up or down through 2 longer look-back moving average channel settings… Note: Ideally, this ratio usually produces a condition where a 2 standard deviation short term move (strong swing) equals approximately a 1 standard deviation long term move (trend strengthening).

Basically, if both the short term swing is expanding higher and the long term trend is expanding higher, then that signals the strongest part of the current swing higher (dark green bars). The strongest part of the current swing lower (dark red bars), occurs when both the short term swing is expanding lower and the long term trend is expanding lower.

Light green bars occur when the short term swing is expanding lower however; the long term trend is still bullish. Light red bars occur when the short term swing is higher however; the long term trend is still bearish. These indicate weakness in the current swing and Jake’s trailing stop rules should be considered.

When both the short term swing and the long term trend are within 1 standard deviation based on the short term swing, the resulting narrow range indicates a “not trending” or range bound condition.

When the short term swings are at or beyond +2 standard deviations, this setup is a leading indicator of the trend direction most of the time (not how long the trend will last). When the long term trend, up or down exceeds a 2 standard deviation move higher, the condition is considered over-bought or over-sold, respectively. Trade Navigator programming appears as a colored triangle (red/green). Use trailing stop rules.

Indicator created by Brian Latta based on Jake Bernstein’s principles of Moving Average Channel system.

Brian Latta - Author of “The Book on Trading”, trading system developer and coach
Jake Bernstein - Speaker at Wealth365®

Fortunately, the official website for this indicator has numerous versions available. TradeNavigator, TradingView, TradeStation, ThinkOrSwim, NinjaTrader, MetaStock, and MetaTrader 5.

Turns out the MetaTrader 5 version comes as an mq5 file, so the conversion to MQL4 shouldn't be too difficult. It's attached to this post.



Now, while Jake Bernstein has two paid webinars (here and here) to show people how to use this indicator, Brian Latta writes about this in pages 140-152 of his free book "The Book on Trading – The Secret Language of the Markets" (2008). I've also attached it below.


And for anyone who's interested, MetaStock is hosting a free hour-long webinar about this indicator on Wednesday April 17 from 6pm-7pm EST. Just something to put here, I get no favors or kickbacks from mentioning it.

EDIT: The webinar has happened and is free to watch on YouTube:



Hope I didn't overload you guys with too much unnecessary information. Much appreciated if this request can be fulfilled!

EDIT 2: kvak just posted his version of the indicator for MT4 here and I shared my thoughts about how accurate it is compared to the original version here.

delp wrote: Mon Apr 15, 2024 5:42 pm Mrtools, can I ask you for one more favor, we need to change the pointer signal as in the picture, add color levels 0.3; 0.5; 0.7

Are you aware that that version can repaint.

-L- wrote: Tue Apr 16, 2024 12:38 am Hi guys, could you please check this?

or is there already a clock/candle timer that don't depend on the ticks of the chart that you could share with me?

thanks in advance

Have you tried this one?

mrtools wrote: Tue Apr 16, 2024 3:31 am Have you tried this one?

Yes it worked, thanks a lot Mrtools.
btw, what is color red for? the one with "color late" buffer?


Also, was wondering if for MT4 already exist ot its possible to make something like this indicator from tradingview that calculates angles of bollinger bands:

this is the explanation of the indicator:
"This script is used to calculate angle of Bollinger Bands and also setup alerts.

The angle is based on the rules:

- if the previous 2 is 1.1, previous 1 is 1, and the current is 1.1, then the angle should be 90 degrees.
- if the previous 2 is 0.9, previous 1 is 1, and the current is 0.9, then the angle should be 270 degrees

If upper angle is below 90 degrees and close is above the average, it is long signal.
If lower angle is above 270 degrees and close is below the average, it is short signal.

- It is good for catch trend trading.
- Not good for swing trading as the BB changes are very tiny but angles for upper may hit below 90 degrees or angle of lower may be above 270 degrees.


this is the code:
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © jesselau76 https://jesselau.com


//@version=4
study(shorttitle="BBAngle", title="Angle of Bollinger Bands Alert", overlay=true, resolution="")

// input
length = input(5, minval=1)
src = input(close, title="Source")
mult = input(2.0, minval=0.001, maxval=50, title="StdDev")
basis = sma(src, length)
dev = mult * stdev(src, length)
upper = basis + dev
lower = basis - dev
offset = input(0, "Offset", type = input.integer, minval = -500, maxval = 500)
plot(basis, "Basis", color=#872323, offset = offset)
p1 = plot(upper, "Upper", color=color.teal, offset = offset)
p2 = plot(lower, "Lower", color=color.teal, offset = offset)
fill(p1, p2, title = "Background", color=#198787, transp=95)

anglealert = input(90.0, minval=0.0, maxval=360, title="Angle Alert")

//calculate angles
//Base on the rules: if 1 change to 2 than change to 1, the angle shoulbe 270 degree. if 2 change to 1 then change to 2, the angle should be 90 degree.

rad2degree = 180 / 3.141592653589793238462643 //pi

ang1 = 180 - rad2degree * atan((upper[0] - upper[1]) / abs(upper[1]-upper[2])) - rad2degree * atan((upper[2] - upper[1]) / abs(upper[1]-upper[2]))
ang2 = 180 - rad2degree * atan((lower[0] - lower[1]) / abs(lower[1]-lower[2])) - rad2degree * atan((lower[2] - lower[1]) / abs(lower[1]-lower[2]))

// Signals
turnGreen = close > basis and ang1 < anglealert

turnRed = close < basis and ang2 > 360 - anglealert



plotshape(turnGreen, style = shape.triangleup, location = location.belowbar, color = color.green, size=size.small)
plotshape(turnRed, style = shape.triangledown, location = location.abovebar, color = color.red, size=size.small)

// Alerts
alertcondition(turnGreen, title= "bbangle_green", message= "{{ticker}} LONG")
alertcondition(turnRed, title= "bbangle_red", message= "{{ticker}} SHORT")

delp wrote: Mon Apr 15, 2024 5:42 pm Mrtools, can I ask you for one more favor, we need to change the pointer signal as in the picture, add color levels 0.3; 0.5; 0.7

hello mrtools

may You add arrows when lines crosses the other .
Of course it is, but sometimes it doesn't work.
And add some options to it.
thank you