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Re: MT4 Indicator requests and ideas

#8001
arsd wrote:
Fri Jan 10, 2020 12:17 am
Oscillator of ocn nmc FL nrp arrow alert (new)

Mr Mladen / Mr Tools / Mr Mntiwana - I have a request. In this indicator

1) An up arrow appears when the oscillator crosses 30 from bottom
2) A down arrow appears when the oscillator crosses 70 from top

I also need...

1) An up arrow when the oscillator crosses 70 from bottom
2) A down arrow when the oscillator crosses 30 from top

Kindly modify

Regards

ARSD
Updated the osc ocn nma with more user friendly options, more price options, optimized the code, choice of bands,and added the arrows with alerts.
Oscillator of ocn nma fl (arrows + alerts).ex4
(65.31 KiB) Downloaded 453 times
GBPUSDM5.png


Re: MT4 Indicator requests and ideas

#8003
mrtools wrote:
Fri Jan 10, 2020 1:13 pm

Updated the osc ocn nma with more user friendly options, more price options, optimized the code, choice of bands,and added the arrows with alerts.
Thank you for our updated indicator Mrtools :)
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Re: MT4 Indicator requests and ideas

#8006
Flavio Esteves wrote:
Sat Jan 11, 2020 1:49 am
Hi All! I'm new here, glad to join! Does anyone have experience with average true range (ATR) indicators? If yes, are they any useful? Some traders swear by it, but I'm skeptic about indicators in general.
Welcome brother. Kindly wait for experts' response.

Re: MT4 Indicator requests and ideas

#8007
Flavio Esteves wrote:
Sat Jan 11, 2020 1:49 am
Hi All! I'm new here, glad to join! Does anyone have experience with average true range (ATR) indicators? If yes, are they any useful? Some traders swear by it, but I'm skeptic about indicators in general.
Welcome to the group. The ATR shows the average pips within a certain amount of days (default is 14). I use it to set my TPs when my system gives me a signal. One strategy some trades have employed is to set their TP at ATR and SL at 1.5 ATR. If your algo is tight, you should win more than you lose. However, under that strategy, 2 losses would wipe out 3 winners.

Also, you have to determine what trader you are. I believe traders fall into 2 categories: Trader 1 - many wins with small losses/short targets. Trader 2 - many small losses/huge wins which erase all losses. Trader 1 - increases their account, percentage wise, every trade. Trader 2 - increase their account dramatically because they are going for long runs. Trader 2 - are the guys that have 3:1 targets.

Back to the subject, the ATR is a great starting point to get a feel of how many pips and/or volatile a currency pair can be. Hope this helps.

Re: MT4 Indicator requests and ideas

#8008
Good day!

Can someone be kind enough and make an indicator for me as follows:

Looking for an indicator that can display yearly highs and lows, not pivots, on the monthly chart, preferably up to 10-15 years back.

I am no programmer but from little I gather, it should not be too complicated.

Appreciate it!

Best Regards,
HM.


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