mrtools wrote: Fri Dec 20, 2019 4:06 am

Added the averages but no mtf yet.

Hi mrtools
I hope you remember the quoted post of you,
I hope you may, if possible, to add the MTF, arrow code, arrow size and arrow Gap and of course the onFirstBar options
Thanks

Flavio Esteves wrote: Sat Jan 11, 2020 1:49 am Hi All! I'm new here, glad to join! Does anyone have experience with average true range (ATR) indicators? If yes, are they any useful? Some traders swear by it, but I'm skeptic about indicators in general.

Welcome brother. Kindly wait for experts' response.

Flavio Esteves wrote: Sat Jan 11, 2020 1:49 am Hi All! I'm new here, glad to join! Does anyone have experience with average true range (ATR) indicators? If yes, are they any useful? Some traders swear by it, but I'm skeptic about indicators in general.

Welcome to the group. The ATR shows the average pips within a certain amount of days (default is 14). I use it to set my TPs when my system gives me a signal. One strategy some trades have employed is to set their TP at ATR and SL at 1.5 ATR. If your algo is tight, you should win more than you lose. However, under that strategy, 2 losses would wipe out 3 winners.

Also, you have to determine what trader you are. I believe traders fall into 2 categories: Trader 1 - many wins with small losses/short targets. Trader 2 - many small losses/huge wins which erase all losses. Trader 1 - increases their account, percentage wise, every trade. Trader 2 - increase their account dramatically because they are going for long runs. Trader 2 - are the guys that have 3:1 targets.

Back to the subject, the ATR is a great starting point to get a feel of how many pips and/or volatile a currency pair can be. Hope this helps.

Good day!

Can someone be kind enough and make an indicator for me as follows:

Looking for an indicator that can display yearly highs and lows, not pivots, on the monthly chart, preferably up to 10-15 years back.

I am no programmer but from little I gather, it should not be too complicated.

Appreciate it!

Best Regards,
HM.

Try, maybe repaint, try if it's useful.

Hi

This indicator seems to have stopped working in the latest versions of Metatrader 4.

Would it be possible for someone to repair it please?

Thanks in advance ..

pin12 wrote: Sun Jan 12, 2020 7:36 am Hi

This indicator seems to have stopped working in the latest versions of Metatrader 4.

Would it be possible for someone to repair it please?

Thanks in advance ..

Try!!

pacois wrote: Sun Jan 12, 2020 7:50 am

Try!!

Hey Pacois .. it works fine. Thank you!

Good day great coders; I have a simple request; could you kindly make this cumulative volume indicator show two colours kind of like the colour macd.. I should be able to make the volume bars a different colour when above the zero line to that when below the zero line..At the moment only one colour shows on the chart when both negavite or positive, kindly code so that it may have a selection of two different colours when either negative or positive..Thanks in advance Mr Tools and fellow great coders...

Good day great coders; I have a simple request; could you kindly make this cumulative volume indicator show two colours kind of like the colour macd.. I should be able to make the volume bars a different colour when above the zero line to that when below the zero line..At the moment only one colour shows on the chart when both negavite or positive, kindly code so that it may have a selection of two different colours when either negative or positive..Thanks in advance Mr Tools and
fellow great coders...