SijjiN wrote: Thu Jun 20, 2024 9:45 pm Heya Fellow Traders.
I believe a while back I saw someone here looking for a inside / outside bar with MTF capabilities.

I found one laying around in my indis backup folder, so here it goes,

Enjoy,

what are the rules to create those signals ? I tested it in the strategy tester and it repaints a lot
so i'd like to make a NRP versoin but I need the rules
thanks

edit : is it bars that are greater or smaller than the previous bar ?
Jeff

ionone wrote: Thu Jun 20, 2024 11:36 pm what are the rules to create those signals ? I tested it in the strategy tester and it repaints a lot
so i'd like to make a NRP versoin but I need the rules
thanks

edit : is it bars that are greater or smaller than the previous bar ?
Jeff

Hi Jeff,

That Is MTF, as so, could be possible until the TF you chose the candle closes, make it repaint, I use it on the 1 minute and chose the 15 for inside / outside bar...
I use it that way.
It will repaint if it keeps taking highs or lows until the candle from the higher time frame that you chose for the indicator closes.

If you understand what I am trying to say.

(The indicator will indicate the Outside Bar and the Inside Bar from the time frame you chose.)
( If you change the time frame on the chart, and back again, the indicator will update, and no repaint is seen, that only happens for still open Bars from the higher time frame chosen )

Mario

This indicator was made by a Russian coder based on observations for a 15-minute chart that sma with a period of 206 crosses the pivot of the day when the price turns. Personally, I prefer lwma with a period of 240 as in the picture.
240 on the 15 minute chart is exactly half of a trading week of 2.5 days.
It is obvious that there is a deviation in the market equal to the ratio of half the trading week to the pivot. Maybe those who are well versed in mathematics will be able to identify such a pattern even better and make very good indicators for such a basic

Also, when the one-day SMMA reaches the pivot, a price reversal occurs.
An obvious pattern and deviation at which market reversals occur

dmnik wrote: Sat May 18, 2024 8:54 pm

Hello can you please post the updated version that works with the new MT4 build? Thank you.

The script I posted here is,
post1295543925.html#p1295543925
Restart MT4 and the hidden items will reappear.
This indicator will remain hidden.

bigger TF candles on chart :

an indicator I just made.

it sums up the difference between high0 and high1 if high0 > high1
and normalizes the total using ATR

the same for the lows

a cross of the yellow line over the red line indicates a strong possibility of bullish trend, also a high value (close to 1) indicates a strong trend

ionone wrote: Sat Jun 29, 2024 6:33 pm an indicator I just made.

it sums up the difference between high0 and high1 if high0 > high1
and normalizes the total using ATR

the same for the lows

a cross of the yellow line over the red line indicates a strong possibility of bullish trend, also a high value (close to 1) indicates a strong trend

screenshot.637.jpg

ionone wrote: Sat Jun 29, 2024 6:33 pm an indicator I just made.

it sums up the difference between high0 and high1 if high0 > high1
and normalizes the total using ATR

the same for the lows

a cross of the yellow line over the red line indicates a strong possibility of bullish trend, also a high value (close to 1) indicates a strong trend

screenshot.637.jpg

A unique code you've shared here which I've been playing around with today.

On the chart I've marked levels:

• 0.7
• 0.3

As the red Oscillator line (pink in my screenshot) passes the outside the 0.7 level it seems to be be a good indicator of choppy price movement. Have you seen this? Could be used as a good filter for ranging markets.