Moderators: mntiwana, mrtools
Redid the arrows and alerts.
thank you very much mrtools, completely re-coded and very fast response, good job
Looks like mainly price action, for uptrend if close>open and highest high - lowest low times the level you choose < close - lowest low and the opposite is a down trend.Holmes27 wrote: ↑Wed Dec 19, 2018 8:17 pmHello MrTools
I would really appreciate it Mr Tools if you would please help me to understand the coding logic of how the attached ‘FiboBars 2’ indicator actually works? What it the indicator looking at when it changes its colour from red to green, and from green to red?
This indicator was originally kindly posted by mntiwana in the ‘Various Indicators’ thread on 17.12.2018, page 23, post 227.
Regards as always
Holmes27
mrtools wrote: ↑Wed Dec 19, 2018 11:43 pmLooks like mainly price action, for uptrend if close>open and highest high - lowest low times the level you choose < close - lowest low and the opposite is a down trend.Holmes27 wrote: ↑Wed Dec 19, 2018 8:17 pmHello MrTools
I would really appreciate it Mr Tools if you would please help me to understand the coding logic of how the attached ‘FiboBars 2’ indicator actually works? What it the indicator looking at when it changes its colour from red to green, and from green to red?
This indicator was originally kindly posted by mntiwana in the ‘Various Indicators’ thread on 17.12.2018, page 23, post 227.
Regards as always
Holmes27
Thanks so much Mr Tools for working it out for me. No wonder I couldn't figure it out just by observation! I've had this indicator on a GBPUSD M1 chart for a couple of days now, and it does seem to have genuine potential as an effective scalping indicator.
Much obliged and thank you as always Mr Tools
Holmes27
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