You can set it so that the indicator opens at the open price
Re: Various (Specialist) indicators for MT4
1012
From the domains of my desk and laptop Full of Porn and Charts I call upon the Spiritual Presence and Power of Richard Wyckoff, Jesse Livermore, George Soros and all the Wise in Volume and Standard Deviation to enlighten and make everyone get off their asses and go to study Market Structure, Liquidity Pools and Volume.
Selah
Selah
Re: Various (Specialist) indicators for MT4
1013Can you make this indicator arrows open at the open price?
Re: Various (Specialist) indicators for MT4
1014Don't have the code anymore, wouldn't that make the arrows repaint?Exequiel Cabrera wrote: Mon Mar 06, 2023 5:03 am Can you make this indicator arrows open at the open price?
Re: Various (Specialist) indicators for MT4
1015Jimmy wrote: Mon Mar 18, 2019 4:02 pm Trend Scalp
Download
We like:Room for improvement:
- One of the most accurate indicators for scalping trends.
- Works flawlessly on all timeframes including the smaller M1 & M5 charts.
- Comes with a multitude of scalping options including Alerts on Break and Arrows on Retracement Levels.
- For beginners, it can take a bit of time and practice to figure out how to use it.
After looking at the vvFish setup and many more pictures of this indicator in action, my opinion is that this indicator is being used wrong.
I do not see Trend Scalp as a scalping indicator. If you really look closer, it is far more accurate when you use it as an indicator to identify local and/or maximal tops and bottoms in a non-repainting way.
Take a look at the picture in the "Top 10 Non Repainting Forex Indicators" post I quoted. Based on when the blue lines and pink lines appear in the Trend Scalp indicator, you can see the overall market structure of USDCAD on its respective timeframe (unless you set it to a higher timeframe).
The only problem I see is when you don't have a perfectly even pattern going back and forth between blue and pink. You'll see numerous instances in the quoted picture where two or three lines of blue/pink are formed before the opposite color forms. This tells us there is more room to go up/down before a local low/high is formed.
Of course, it's much easier to see all this looking backward than looking forward.
So in order to avoid a premature buy or sell order that gets us stopped out and leads to a loss, Trend Scalp has to be paired with 1 or more indicators that measure trend strength and/or direction. With the right settings for the right instrument, you can stay in a trend for longer and avoid an early exit due to a larger-than-expected pullback.
Just my two cents. Feel free to let me know if you agree or disagree!

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Re: Various (Specialist) indicators for MT4
1016Found this older version, updated and optimized the code a bit. Again putting arrows on open price will just make them repaint.Exequiel Cabrera wrote: Mon Mar 06, 2023 5:03 am Can you make this indicator arrows open at the open price?
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Re: Various (Specialist) indicators for MT4
1017Added lines to the histo bars, to me looks better now, also on the recoded version had copy and pasted alerts from WAE but forgot to change them to match this indicator, hopefully all is well with it now.
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Re: Various (Specialist) indicators for MT4
1018Saw this on ebay with afl looks pretty decentmrtools wrote: Tue Mar 07, 2023 5:39 am Added lines to the histo bars, to me looks better now, also on the recoded version had copy and pasted alerts from WAE but forgot to change them to match this indicator, hopefully all is well with it now.
0 + 0 = 0
Infinite / Infinite = 1
1 way to Heaven & it matters
people only serve God or money coincidence?
Infinite / Infinite = 1
1 way to Heaven & it matters
people only serve God or money coincidence?
Re: Various (Specialist) indicators for MT4
1019In Choppy markets dont expect the best

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0 + 0 = 0
Infinite / Infinite = 1
1 way to Heaven & it matters
people only serve God or money coincidence?
Infinite / Infinite = 1
1 way to Heaven & it matters
people only serve God or money coincidence?
Re: Various (Specialist) indicators for MT4
1020Nice improvement, thanks!mrtools wrote: Tue Mar 07, 2023 5:39 am Added lines to the histo bars, to me looks better now, also on the recoded version had copy and pasted alerts from WAE but forgot to change them to match this indicator, hopefully all is well with it now.
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- Chickenspicy