Re: Something interesting please post here (Metatrader)

2385
Ogee wrote: Thu Nov 10, 2022 6:37 pm This zig zag indy does something like that but the code needs looking at. With a magic number could have multiple instances at different size ranges for example (and colour change and values on/off)


last high low stop loss.mq4



b1.PNG
Thanks for the indicator kinda messing with it a bit, will post if I come up with anything useful.
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Ogee


Re: Something interesting please post here (Metatrader)

2387
johnere wrote: Fri Nov 11, 2022 3:58 pm Sorry for the late reply. Now i can code
nice to hear bro...
try the below conditions if possible to met!!

1) VERTICAL BLOCK SETTINGS
1.1) find out the trend continuous bars ( attached dots indicator will get confirmation for easy). important. ensure the each bars has close price > previous bars of same bullish or bearish)
1.2) Plot vertical block zone of bottom bar low price and upper bar high price (for clarity only) -Minimum 3 trend bars with dots needs.
1.3) find out the biggest bar in these trend bars . Mostly its a breakout bar .(see snap)
1.4) find the high price of previous bar and forward bar of breakout/biggest bar
2 ) plot horizontal block zone where the market change the direction.. up or down
3) plot the fib level at the low and highest of total vertical block
4) if the price enter in the horizontal block zone ; cross 50 level and touch or cross up /down 38.2 or 61.8 magic number arrow down /up
5) 1st trend arrow will give the direction (marked in snap) & AO indicator will helps the direction for more clarity where to drive the trade.

TIPS:
For better result ; it is better to find breakout bar (biggest bar) left shoulder should not have any price nearby)
we may update more for final tuning :)
if any doubt please inform
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