Re: MT4 Indicators with alerts/signals

3881
Intrest 1 wrote: Fri May 13, 2022 6:12 am Maybe the previous request is too complicated.
Is it possible to add signals when rsi breaks through the channel?
Image
Yeah looks like it is possible, and it's not that your last request was too hard, it's a zigzag and it repaints.


Re: MT4 Indicators with alerts/signals

3882
mrtools wrote: Fri May 13, 2022 12:10 pm Yeah looks like it is possible, and it's not that your last request was too hard, it's a zigzag and it repaints.
A zigzag is a breakout of a price channel in the form of a ray.
In this case, the channel breakout at the rsi open price type will exclude any repainting or flashing on the current bar.
A zigzag is a breakout of the Donchian channel, it cannot be redrawn. Zigzag signals are not correctly interpreted in most cases. Everyone thinks
that when a signal appears, it is necessary to open in the opposite direction, when the direction of the beam shows that it is necessary to open in the direction of its inclination. In this case, the zigzag is a classic price channel breakout signal without redrawing.

Re: MT4 Indicators with alerts/signals

3883
In my opinion, the zigzag signal arrows should be turned in the opposite direction, because these are price channel breakout signals, which absolutely corresponds to the Donchian channel and approximately corresponds to the Bollinger band with the same period.
Whether the breakdown is true or false is another matter. These are already other criteria for determination.
Applying a zigzag in this way gives price channel breakout signals without redrawing

Re: MT4 Indicators with alerts/signals

3884
If you remove the current signal from a normal zigzag, you will get an AlexD zigzag that does not redraw.
And if you add a Donchian channel with the same period, you will see that zigzag signals appear where the price has broken through the channel.
It means,
that an ordinary zigzag should be considered as an indicator of a price channel breakout, where the direction of the beam shows the direction of the breakout. Opening against the direction of the beam, as everyone thinks, is possible only along the trend when the breakdown is false and a reversal in the direction of the trend is likely


Re: MT4 Indicators with alerts/signals

3889
mrtools wrote: Fri Jul 06, 2018 10:55 pm Added alerts.
expect the teacher to add MTF to it
Infinite merit
Be patient therefore, brethren, until the coming of the Lord. Behold, the husbandman waiteth for the precious fruit of the earth: patiently bearing till he receive the early and latter rain.
Behold, we account them blessed who have endured. You have heard of the patience of Job, and you have seen the end of the Lord, that the Lord is merciful and compassionate.


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