Re: Something interesting from Chatgpt/AI please post here

255
I find this mtf fib quite useful. I only made the mt5 version.
It anchors on the last closed candle's H/L and the chosen bars back H/L, with the option to flip the fib drawing. It also has the option to include the current forming candle to the H/L mapping. Maybe somebody finds it useful as well. For mt4 version, the source is included.
-
Note:
Re-download. There was a flickering issue that should be gone now and it seems more robust now.
These users thanked the author Abdi for the post (total 6):
kudrpenk, JohnL33, bizanjr, TriThep, waal69, stond


Re: Something interesting from Chatgpt/AI please post here

256
Rs.A.i

Here is a custom Rsi I made its just created, so more enhancements can be made if rsi is your thing ill explain some things in it, there maybe something similar in here already, havnt tested anything yet just using it as an rsi at the moment, added some visual upgrades all changeable colors...

Rs.A.i - RSI Divergence Indicator
RSI calculation with adjustable period
Pivot point detection with configurable strength
Delta filtering for minimum RSI changes
Divergence generation (regular & hidden)
Visual lines on chart and indicator
Alert system for new signals
RSI Settings
RSI Period: Calculation period (default: 14)
Color by Slope: RSI line changes color based on direction
Pivot Detection
Pivot Left/Right: How many bars confirm a pivot (default: 5)
Min RSI Delta: Minimum RSI change required (default: 3.0)
Min Bars Between: Minimum separation between pivots (default: 8)
Divergence Display
Show Regular: Turn regular divergence lines on/off
Show Hidden: Turn hidden divergence lines on/off
Max Lines: Maximum divergence lines to keep (default: 3)
Draw on Price Chart: Show lines on main chart too
Alerts
Enable Alerts: Turn alert system on/off
Pivot Points (The Swing Highs & Lows)
What they are: The peaks and valleys in the RSI line
Pivot High: When RSI makes a top
Pivot Low: When RSI makes a bottom
RSI Delta (The Minimum Change Required)
What it is: How much the RSI must change between two pivot points
Purpose: Filters out tiny, meaningless movements
Bars Between Pivots (The Time Separation)
What it is: How many bars must separate two pivot points
Purpose: Ensures pivots aren't too close together (noise) or too far apart (irrelevant)
How They All Work Together
1. RSI calculates momentum values (0-100)
2. System scans for pivot points (highs & lows)
3. Each pivot must be "strong enough" (based on Left/Right settings)
4. Two pivots must have enough RSI difference (based on Delta)
5. Two pivots must be far enough apart in time (based on Bars Between)
6. If ALL conditions met → Divergence signal generated
Quick Settings Guide
Conservative (Fewer, Higher Quality):
Pivot: 7-10 bars (stronger pivots)
Delta: 5.0-8.0 (bigger RSI changes)
Bars: 12-20 (longer separation)
Balanced (Recommended):
Pivot: 5-6 bars (moderate strength)
Delta: 3.0-5.0 (moderate changes)
Bars: 8-12 (moderate separation)
Aggressive (More Signals):
Pivot: 3-4 bars (weaker pivots)
Delta: 2.0-3.0 (smaller changes)
Bars: 5-8 (shorter separation)
Strong Settings = High Quality:
Fewer false signals
More reliable divergences
Better for position trading
May miss some opportunities
Weak Settings = More Signals:
More trading opportunities
Some signals may be false
Better for day trading
Requires more confirmation

Create by Fx-Blitz ,ff not me
"My Forex Holy Grail? Sure, I'll share it. It's a magical PDF that costs $997 and the first chapter is titled: 'How to Sell a $997 PDF.'"😎

Re: Something interesting from Chatgpt/AI please post here

257
Intrest 1 wrote: Mon Dec 30, 2024 9:16 am High low is too narrow a channel compared to that indicator. I don’t know how they made it there, but the MA is almost always inside it and comes out only on reversals
This picture is quite interesting, and I wonder if it has been redrawn. Do you have the indicators for this picture? I like MT5, and I would be very grateful if you have the MT5 version of the indicators shown in this picture. If you have the MT4 version, that would also work. Thank you very much!
Image

Re: Something interesting from Chatgpt/AI please post here

259
A! Weekly Open - Bull Bear

question>Who the hell use the weekly bias open for direction

That's a great question, and it gets right to the heart of a specific, but popular, style of technical analysis. The "Weekly Open" is a key reference point used primarily by:
1. Price Action & "Smart Money Concepts" (SMC) Traders:
This is the biggest group. Traders who follow methodologies like ICT (Inner Circle Trader) or similar SMC frameworks live and die by these key institutional levels. For them, the weekly open isn't just a random price; it's the starting point that frames the entire week's "narrative."
2. Short-Term Swing Traders & Day Traders:
These traders need a directional bias for the next 1-5 days. The weekly open provides a simple, high-timeframe anchor. It helps them avoid getting chopped up by lower-timeframe noise. If the market is holding above the weekly open, they will have a higher conviction to look for buy setups. If it's below, they'll focus on shorts.
3. Traders Seeking Simplicity and Clarity:
Many traders suffer from "analysis paralysis," with dozens of indicators on their charts. Using the weekly open is a way to cut through the noise. It provides a single, unambiguous line on the chart. You are either above it or below it. This binary logic simplifies decision-making.
Why the Hell is it So Important to Them? The Logic Explained
The core idea is that the weekly open acts as a "line in the sand" for the week's trading activity. It's the equilibrium point from which the weekly story unfolds.
Here’s the simple logic they follow:
If the price is trading ABOVE the Weekly Open: The bias is BULLISH.
The market is "accepting" higher prices relative to where it started the week.
Traders will primarily look for buying opportunities (longs), often on pullbacks towards the weekly open or other support levels.
The weekly open itself is now considered a key support level.
If the price is trading BELOW the Weekly Open: The bias is BEARISH.
The market is "rejecting" higher prices and "accepting" lower prices.
Traders will primarily look for selling opportunities (shorts), often on rallies back up toward the weekly open or other resistance levels.
The weekly open is now considered a key resistance level.
A Simple Analogy:
Imagine you start a road trip. The weekly open is your starting point. At any moment, are you north or south of where you began? That simple piece of information gives you your overall direction, even if you take a few detours along the way.
The Crucial Caveats (Why It's Not a Magic Bullet)
Now, the people who use this effectively don't just blindly buy above the open and sell below it. They use it as a filter or a confluence factor, not a standalone strategy.
Context is King: They combine it with higher timeframe market structure. If the daily and weekly charts are in a strong uptrend, they will give more weight to a bullish bias above the weekly open. If the market is in a downtrend, they might see a move above the weekly open as a prime opportunity to short.
The "Judas Swing": A core concept in ICT/SMC trading is that the market will often make a false move at the beginning of the week (Monday/Tuesday). It might dip below the weekly open to grab liquidity (stop losses) before reversing and spending the rest of the week trading above it. A savvy trader waits for this kind of manipulation to play out before committing to the "true" direction.
Ranging Markets: In a choppy, sideways market, the price will crisscross the weekly open repeatedly, making the bias unreliable. This is where the tool loses its effectiveness.
In summary, the weekly open is used by a specific subset of technical traders who need a simple, powerful tool to establish a directional bias for the week. It's their anchor in the sea of market noise, helping them frame the narrative of whether big money is accumulating positions (buying) or distributing them (selling) for that week
These users thanked the author JohnL33 for the post (total 3):
TECHHDATE07, Abdi, handy148
"My Forex Holy Grail? Sure, I'll share it. It's a magical PDF that costs $997 and the first chapter is titled: 'How to Sell a $997 PDF.'"😎

Re: Something interesting from Chatgpt/AI please post here

260
create mql4 indi
All time frames candles buying and selling percentages visually displayed on the right of a chart.
Buy and sell percent calcs would start on candle opening time. Calcs are updated based on tick or second. In order to reduce possible overload, perhaps option may be given to user such a tick, second or x seconds.
User have options to choose which TMF candles to display.

Of course, here is the MQL4 code for a custom indicator that replicates the functionality and appearance of the one shown in your image.
This indicator will display vertical bars on the right side of your chart, each representing a specific timeframe. Each bar is divided into two colored sections, showing the percentage of the current candle's range above and below the current price, respectively.
Features:
Displays buying/selling pressure percentages for multiple timeframes.
The logic and appearance are based on your provided image.
Highly customizable: choose which timeframes to show, colors, size, and position.
Efficient updates: choose between updating on every tick or on a timer (e.g., every second) to conserve CPU resources.
Clean object management: the indicator creates and removes its graphical objects cleanly.


How to Use:
Copy the code below.
Open MetaEditor in your MT4 terminal (press F4).
In MetaEditor, go to File -> New -> Custom Indicator and click Next.
Enter the name CandleStrengthMeter and click Finish.
Replace the template code with the code provided below.
Click Compile (or press F7). If there are no errors, you can close MetaEditor.
Go back to your MT4 chart, find CandleStrengthMeter in the Indicators list in the Navigator window, and drag it onto your chart.
Adjust the settings in the Inputs tab as you wish.
These users thanked the author JohnL33 for the post (total 5):
Abdi, ismasevi23, ashdays, ddVito, didichung
"My Forex Holy Grail? Sure, I'll share it. It's a magical PDF that costs $997 and the first chapter is titled: 'How to Sell a $997 PDF.'"😎