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Re: MT4 Candlesticks, Patterns, Correlation, Breakouts & Price Action indicators

#103
This is xard777 Inside Bar indicator
release date: 6/23/20
viewtopic.php?p=1295413231#p1295413231

Best time frame is Daily.
I modified it so it will work on H1, H4, and Daily.
Before, we can only use on H1 and H4.
--------------------------------------------------------------------------------------------
What's an Inside Bar?
It's a bar that is engulfed fully by the preceding candle high and low.

How do we trade?
We trade on the breakout.
go LONG above the preceding candle high
and go SHORT below the preceding candle low
but there's always a false breakout. So it's not a holy grail.

!!!-MT4 X-XARDg-INSIDE BAR stops.mq4
(11.66 KiB) Downloaded 238 times
inside-bar-candlestick_body_howtoidentify.png
EURUSDH4_insidebar2.png
To Reduce CPU and RAM usage -- MT4 > Tools > Options > Chart --->> Decrease "max bars in history" and "max bars in chart" (My setting is 5000)

Re: MT4 Candlesticks, Patterns, Correlation, Breakouts & Price Action indicators

#104
Banzai wrote:
Wed Jun 24, 2020 9:29 am
This is xard777 Inside Bar indicator
release date: 6/23/20
viewtopic.php?p=1295413231#p1295413231

Best time frame is Daily.
I modified it so it will work on H1, H4, and Daily.
Before, we can only use on H1 and H4.
--------------------------------------------------------------------------------------------
What's an Inside Bar?
It's a bar that is engulfed fully by the preceding candle high and low.

How do we trade?
We trade on the breakout.
go LONG above the preceding candle high
and go SHORT below the preceding candle low
but there's always a false breakout. So it's not a holy grail.
I like this indicator so I made a backtest on GBPJPY for May 2020.
------------------------------------------------------------------------------
I use Stochastic (14,3,3) cross to exit a trade.

April 30th, 2020, 186 pips max; a WIN
May 5th, 2020, 54 pips max; a WIN
May 7th, 2020; a LOSS; -10 pips max
May 8th, 2020; 69 pips max; a WIN
May 12th, 2020; 106 pips max; a WIN
May 14th, 2020; 40 pips max; a WIN
May 19th, 2020; 107 pips max; a WIN
May 20th, 2020; 8 pips max; a WIN
May 22nd, 2020; 54 pips max; a WIN
May 25th, 2020; 139 pips max; a WIN
May 27th, 2020; 37 pips max; a WIN
May 29th, 2020; 170 pips max; a WIN

Total: 970 winning pips for May 2020, GBPJPY
-10 losing pips
XARD777 INSIDE BAR GBPJPY MAY 2020.pdf
(906.77 KiB) Downloaded 154 times
To Reduce CPU and RAM usage -- MT4 > Tools > Options > Chart --->> Decrease "max bars in history" and "max bars in chart" (My setting is 5000)

Re: MT4 Candlesticks, Patterns, Correlation, Breakouts & Price Action indicators

#105
Banzai wrote:
Wed Jun 24, 2020 6:04 pm
I like this indicator so I made a backtest on GBPJPY for May 2020.
------------------------------------------------------------------------------
I use Stochastic (14,3,3) cross to exit a trade.

April 30th, 2020, 186 pips max; a WIN
May 5th, 2020, 54 pips max; a WIN
May 7th, 2020; a LOSS; -10 pips max
May 8th, 2020; 69 pips max; a WIN
May 12th, 2020; 106 pips max; a WIN
May 14th, 2020; 40 pips max; a WIN
May 19th, 2020; 107 pips max; a WIN
May 20th, 2020; 8 pips max; a WIN
May 22nd, 2020; 54 pips max; a WIN
May 25th, 2020; 139 pips max; a WIN
May 27th, 2020; 37 pips max; a WIN
May 29th, 2020; 170 pips max; a WIN

Total: 970 winning pips for May 2020, GBPJPY
-10 losing pips
looks great thanks Banzai
you are the man


Re: MT4 Candlesticks, Patterns, Correlation, Breakouts & Price Action indicators

#107
Candle Info Target Window

Released date: July 31st, 2020 by jeanlouie
"display window to the top left which gave OHLC" - sounds like the view-data window

Candle_Info_target_window
- info is for whatever candle the mouse is over/in time with
- places info somewhere on the chart, or target subwindow
- pair+tf, date, time, open, high, low, close, volume, all optional
- can place vertically or horizontally across or bottom
- because it uses labels, you may have to juggle spacing and font
- colors, font sizes and option to show or not each info piece
- option to show date as the terminal's yyyy.mm.dd or dd.m(name).yyyy

update v1.01
- somehow the values weren't updating on hover, they are now
update v1.1
- option to only show current live bar info, updates every tick
Candle_Info_target_window_v1.1.ex4
(30.11 KiB) Downloaded 29 times
candle info target window pic1.png
candle info hover gif1.gif
To Reduce CPU and RAM usage -- MT4 > Tools > Options > Chart --->> Decrease "max bars in history" and "max bars in chart" (My setting is 5000)

Re: MT4 Candlesticks, Patterns, Correlation, Breakouts & Price Action indicators

#108
Timezone Breakout

Released date: August 4th, 2020, by jeanlouie
Timezone_Breakout_visual_entry_tp_sl
- adjustable start hour, end hour
- recommended to use below 4hr chart
- draws time box and extends H/L lines untill next time box
- on break of H/L, arrow, trade line, ends at tp/sl or new box
- tally of wins and pl is kept, please verify for your own settings
Timezone_Breakout_visual_entry_tp_sl.ex4
(37.94 KiB) Downloaded 40 times
timezone breakout visual guide pic1.png
To Reduce CPU and RAM usage -- MT4 > Tools > Options > Chart --->> Decrease "max bars in history" and "max bars in chart" (My setting is 5000)

Re: MT4 Candlesticks, Patterns, Correlation, Breakouts & Price Action indicators

#110
New High Low Levels in Live Candle
Released date: August 6th, 2020, by jeanlouie
New_High_Low_Levels_in_Live_Candle
- draws new horizontal line on every new high or low made
- option to extend lines a number of bars to the right
- option to have price label on it
- can delete old levels
- old levels change to a darker color
New_High_Low_Levels_in_Live_Candle.ex4
(17.25 KiB) Downloaded 21 times
new high low in candle gif1.gif
new high low in candle pic1.png
To Reduce CPU and RAM usage -- MT4 > Tools > Options > Chart --->> Decrease "max bars in history" and "max bars in chart" (My setting is 5000)


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