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Re: MT4 Indicator requests and ideas

#9382
Ron77 wrote:
Fri Apr 24, 2020 7:45 am
Hello,

I am a novice and I am trying to understand how to use MT4 indicators.

Is it possible to have an indicator that can scan and send an alert when:
RSI> 70 and Price button "Bollinger band higher"
RSI <30 and price button "Bollinger band lower"?

On the other hand, is it possible to have an indicator that displays the product info for example:
- % of the day
- Upper
- Lower
...

Thanks for your help
Hello MrTools, Pacois

Can you help me please ?

Thanks

Re: MT4 Indicator requests and ideas

#9383
Ron77 wrote:
Mon Apr 27, 2020 6:21 am
Ron77 wrote:
Fri Apr 24, 2020 7:45 am
Hello,

I am a novice and I am trying to understand how to use MT4 indicators.

Is it possible to have an indicator that can scan and send an alert when:
RSI> 70 and Price button "Bollinger band higher"
RSI <30 and price button "Bollinger band lower"?

On the other hand, is it possible to have an indicator that displays the product info for example:
- % of the day
- Upper
- Lower
...

Thanks for your help
Hello MrTools, Pacois

Can you help me please ?

Thanks
Try!!
app.php/attach/file/3333645
BB_ bands_Arrows_Alert_count_Bar3+Rsi.ex4
(34.93 KiB) Downloaded 150 times
EURUSDM1.png
The perfect indicatoris our head ...

Too many indicators confuse the head

Re: MT4 Indicator requests and ideas

#9384
Daim2574 wrote:
Sun Apr 26, 2020 4:29 pm
mrtools wrote:
Fri Apr 24, 2020 3:29 am


Looks similar to trend envelopes, will see what I can come up with.
Dear mrtools.... did you get a chance to check this one ?... thanks a lot
This is as close as I am with it now. Did it in a bb stops like style with 6 different display types.
supertrend new.ex4
(47.47 KiB) Downloaded 947 times
GBPJPYH4.png

Re: MT4 Indicator requests and ideas

#9385
mrtools wrote:
Mon Apr 27, 2020 7:43 am
Daim2574 wrote:
Sun Apr 26, 2020 4:29 pm

Dear mrtools.... did you get a chance to check this one ?... thanks a lot
This is as close as I am with it now. Did it in a bb stops like style with 6 different display types.
Thank you very much mrtools for taking the time to kindly help with this request... are you still having more updates in mind for this one ?... great job again :thumbup:


Re: MT4 Indicator requests and ideas

#9390
Hi @mladen @mrtools,

I have an idea for an indicator. Can you make an arrow when the situation bellow happens at/near the bollinger band edges. As can be seen from the pictures the price is at the edge of the BB in all the 4 time frames. Going short there would give a higher probability of success. An idea would be to make a MTF version such that you can set your focus on the time frame you like to trade. For example, I trade on the 15 min chart and the indicator checks the 1 min, 5 min and the 30 min chart bollinger band edges to see if the price is also there at the edges. You can make several degrees of reversal probability depending if the price is aligned at multiple timeframes. To avoid fake signals maybe you can add the option of candle type. For example at the lower time frames there should be a bearish candle already.
Thanks in advance!
1m.jpg
5m.jpg
15m.jpg
30m.jpg


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