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Re: Something interesting please post here (Metatrader)

#821
bilbao wrote:
Sat May 27, 2017 9:48 pm
Merrill pattern mt4 version

Sometimes it’s good to go back to basics. Arthur Merrill, the author of Behavior of Prices on Wall Street, compared the market to a warped roulette wheel. It has a bias and often tips its hand. One way it does this is graphical, in the relation of swing legs to one another.

John Bollinger brought Merrill to the attention of the online world some years ago when he posted Merrill’s 16 W and 16 M patterns. These patterns, of course, all have four legs, but they differ in their message to traders. They’re a one-page Cliff Notes for pattern traders.

Merrill’s Categorization of M and W Patterns
Technical Patterns Merrill’s Patterns


Uptrends M15,M16,W14,W16
Downtrends M1,M3,W1,W2


Head and shoulders W6,W7,W9,W11,W13,W15
Inverted head and shoulders M2,M4,M6,M8,M10,M11


Triangle M13,W4
Broadening M5,W12
Dearests Bilbao and Mladen,
There are errors compiling the indicator included "fivepattern_mq5.mq4" ... is that possible to correct it ... ???
Thank you for your contribution ...
Best Regards
Dimitri
fivepattern_mq5.mq4
(26.37 KiB) Downloaded 578 times




Re: Something interesting please post here (Metatrader)

#826
digbee wrote:
Fri Jun 02, 2017 3:31 am
bilbao wrote:
Wed May 31, 2017 9:06 pm
Holy Signals

FIRST ROW TAPE setting HAVE VERY NICE SIGNAL WITHOUT NOISE on renko

Lime /White RENKO chart is today real time renko chart on gbpusd {it not history chart}

LWMA
Really nice, what kind of Renko indicator does this system use, do you know?
5 PIP box
time frame :M2

wick must showing
what we want: 1+1+1+1+1+1+1+1+1=9 <3
what market delivers: 1+2+8+7-4+0-5+8-4-5+1=9 :problem:

Failure is success in progress

Dr. Alexander Elder : successful trading should be a little bit boring.

Re: Something interesting please post here (Metatrader)

#830
It is a simple price distribution. Fiddling with the parameters can create quite different results.

cell_width
how many bars to use for the price distribution per column

cell_rows
how many rows to split the price distribution into

cell_cols
how many columns to generate... for some heavy computations you can reduce this number if performance suffers as you most likely need the recent price distribution

cell_step
the higher the number the more blocks are skipped for each step it is still calculating cell_width number of bars. so if cell_step and cell_width are the same you will see a clear picture. if cell_width is significantly higher you will see data "blurred" in.

cut_off
all cells are normalized with a value from 0 to 1 if you draw all of them it will be very resource intensive. so everything smaller than cut_off is just not drawn. (I put 0.8 sometimes to identify strong support/resistance areas)

count_inside_bars
count_support
count_resistance
and here is some magic... instead of counting the whole bar I have split it into
inside bar = ( Open - Close )
support = ( Low - Min(Open, Close )
resistance = ( Max(Open, Close) - High )

That way you can focus your study only on support or only on resistance areas.

Happy Neural Networking!!!
BHPD.png
BH_PriceDistribution.ex4
(5.45 KiB) Downloaded 603 times
what we want: 1+1+1+1+1+1+1+1+1=9 <3
what market delivers: 1+2+8+7-4+0-5+8-4-5+1=9 :problem:

Failure is success in progress

Dr. Alexander Elder : successful trading should be a little bit boring.


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