mrtools wrote: Mon May 24, 2021 1:53 pm Mainly Thank Mladen, he did most of the hard work on thsat indicator.

a) for wider range trading: support & resistance
b) for trend following: Xard or some other MA-based system

c) for trend reversals: Linear regression sketcher
So - let's put it to the test: which way will price go (there is some resistance upwards so it won't be that easy)?
update 1: ok - if you had a reward-risk-ratio of 2:1 you took profits just now (screenshot 2). So it was nice and easy, after all.
update 2: after a Pb it went on (screenshot 3) - so - all in all - good day with this indie.
Now repeat this test 100 times and you may find: you made a new friend.

Linear regression sketcher + step chart bricks

mrtools wrote: Fri May 07, 2021 4:56 am Added the average and price options along with the histogram border.

Hi mrtools

Can you add Arnaud Legoux (ALMA) Moving Average to this indicator please?

Thanks in advance.

sal wrote: Sun Jun 06, 2021 11:32 pm mr.tools
can you make arrow gap /distance for lukus indicator
viewtopic.php?f=579496&t=8418142&start=13000

Try

eggzactly wrote: Wed Jun 09, 2021 9:33 am Hello MrTools,

Can you please add option to MTF for this indicator ?

Thanks for your time and efforts,

Regards,
Eggzactly

Swing_ZZ.mq4

Found this one from Mladen.

RplusT wrote: Wed Jun 09, 2021 7:36 pm mrtools. can you make this MTF please with automatic 1TF and 2TF higher.
Can you please also add and ID.


ZigZagWithChannels.mq4

Think I got it right, not very confident in object oriented coding yet.

mrtools wrote: Thu Jun 10, 2021 6:27 am Think I got it right, not very confident in object oriented coding yet.

Thank you mrtools, we are almost there. It works as intended except that the upline it plots only when I use it as a channel not as trendlines as intended.
Using it in trading today, I notice that it does not refresh on the current chart as MTF indicators normally. For the 5m for example I have to switch to the 5m first and then go back to the current chart i.e. 1m in this case. Refreshing the current chart does not do the trick.

Trendlines
Channel

Just to demonstrate on the HK50 today

Break of the 1m trendline and then of the 5m (Purple) ......and off we go to the upside. 160 points up and then break to the downside. The 15m (white line) holds as support and with the break of the 1m (Red) in the trade again. Seems to work pretty well. Just an idea. See how we go along. We need to be aware that nothing is perfect and we can only look for what we think is a high probability trade. What Price action will do next, God told me he doesn't know either.....


And got out with 50 points. Not sure about further upside.


And after the break of the m15 (white line) and m1 (red)...the m5 points down already..... means PA is going down further. And up again after the break of.........and..... ......well, I think it's enough now to make my point.

No difference for any instrument of course.....here's the US30... Confluence
red...1m, purple... 5m, white... 15m

RplusT wrote: Thu Jun 10, 2021 12:14 pm Just to demonstrate on the HK50 today

And got out with 50 points. Not sure about further upside.

Love your setups. Thank you for posting your screenshots for us to learn from mate. Fifty points is beautiful

RplusT wrote: Thu Jun 10, 2021 12:14 pm No difference for any instrument of course.....here's the US30...

I think you really have someting there (not at all new but automatically drawn; despite the fact - and for some people this is really important - that hand-drawn TLs do not repaint!)
Once all your indies are in place and running you should think about starting your own thread.
But who am I to make such a suggestion...
It works on all TFs
1. semaphore
2. wait for close below (above) TL in direction semaphore indicates
3. enter as close as possible to new TL (i. e. wait for pullback before entering or enter on lower TF)
update: if you think this morning was good (since London open) - think again: all up now