Hi Team,
Could anyone kindly add Lines/Arrows and Alerts when there is a CROSS of Main and Signal lines for the attached indicator (unless there is a version out there that already has those)?
Thanks a lot.
Re: MT4 Indicator requests and ideas
2832Hi guys!
Me a forex trader & I use Wyckoff method to analyse the charts.
Now in Wyckoff method we have this concept of Shortening of Thrust (SoT), in this what we do is compare the range of the new low made, lemme explain with an example, in the below chart the window in the centre is volume bars, & the lower most window has the range bars. The lower range of bar B here is measured from the close of bar A to the close of bar B, what I'm looking for is the range should be measured from the low of bar A to the low of bar B & not the close.
so what does the range of bar B tells me, it says that though volume of both bar A & B is same but there is no ease of movement on the downside on bar B, which means there's buying pressure from below on bar B.
I hope I made myself clear, is it possible?
Thanks.
Me a forex trader & I use Wyckoff method to analyse the charts.
Now in Wyckoff method we have this concept of Shortening of Thrust (SoT), in this what we do is compare the range of the new low made, lemme explain with an example, in the below chart the window in the centre is volume bars, & the lower most window has the range bars. The lower range of bar B here is measured from the close of bar A to the close of bar B, what I'm looking for is the range should be measured from the low of bar A to the low of bar B & not the close.
so what does the range of bar B tells me, it says that though volume of both bar A & B is same but there is no ease of movement on the downside on bar B, which means there's buying pressure from below on bar B.
I hope I made myself clear, is it possible?
Thanks.
Re: MT4 Indicator requests and ideas
2833Clear !! Indicators you can post Thanks.Yuvrajjj wrote: Wed Jan 31, 2018 10:10 pm Hi guys!
Me a forex trader & I use Wyckoff method to analyse the charts.
Now in Wyckoff method we have this concept of Shortening of Thrust (SoT), in this what we do is compare the range of the new low made, lemme explain with an example, in the below chart the window in the centre is volume bars, & the lower most window has the range bars. The lower range of bar B here is measured from the close of bar A to the close of bar B, what I'm looking for is the range should be measured from the low of bar A to the low of bar B & not the close.
so what does the range of bar B tells me, it says that though volume of both bar A & B is same but there is no ease of movement on the downside on bar B, which means there's buying pressure from below on bar B.
I hope I made myself clear, is it possible?
Thanks.
- These users thanked the author pacois for the post:
- berserkyjc
Re: MT4 Indicator requests and ideas
2834Thanks pacois for the reply, here's the indicator.
Attachments
Re: MT4 Indicator requests and ideas
2835Hello, try if I understand your intentions, I'm not a professional of the mq4 code, I sent you a message in private, so I did not post it directly.
Re: MT4 Indicator requests and ideas
2836precisely what I was lookin, thanks buddy!pacois wrote: Thu Feb 01, 2018 12:35 am
Hello, try if I understand your intentions, I'm not a professional of the mq4 code, I sent you a message in private, so I did not post it directly.
lemme illustrate how to to read these modified range bars, volume on bars C & D are high with slightly less on bar D but there's negligible downward progress on bar D as compared to bar C. it is evident on Pacois' modified indicator (bottom window). This implies there was heavy buying on bar D.
Re: MT4 Indicator requests and ideas
2837This one does that.Zelias wrote: Wed Jan 31, 2018 8:30 pm Hi Team,
Could anyone kindly add Lines/Arrows and Alerts when there is a CROSS of Main and Signal lines for the attached indicator (unless there is a version out there that already has those)?
Thanks a lot.
rsima 13 nmc 6 lines.mq4
- These users thanked the author mrtools for the post (total 4):
- Zelias, macd & rsi, KAYJIRAH, Jedidiah
Re: MT4 Indicator requests and ideas
2838Hi, friends.
Make the indicator on different types of MA. It is particularly interesting to see at HMA, TEMA and Supersmooter
Make the indicator on different types of MA. It is particularly interesting to see at HMA, TEMA and Supersmooter
Attachments
Re: MT4 Indicator requests and ideas
2840Hello mrtools and mladen
can you please make this indicator into non-repainting version?
Thanks
can you please make this indicator into non-repainting version?
Thanks
Attachments
Who is online
Users browsing this forum: ChatGPT [Bot], DVanAssen, kvak, sunmetal, Telegram [Bot], TheJurgFX and 109 guests