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Re: MT4 Indicator requests and ideas

#12003
chris006 wrote:
Fri Jan 22, 2021 2:49 am
Your strategy describes entry points. Since your main reason for automating this is because you will not be in front of the pc all the time, you would need automated Take Profit and Stop Loss. What is your idea for these? Your automated trading system will not be complete without these 2 components.

One further point, I see grey areas in you strategy, "if" and "might". For the EA automation you would need to be precise, black or white only, no area for non-mandatory conditions.

schenkthetank42 wrote:
Thu Jan 21, 2021 8:31 am
Hello,
I'm sure there's already an EA y'all coded online, but I can't seem to find it since it is really hard to search on the groups.
I'm looking for alerts and arrows to tell me when to buy and sell. I'm not always by my computer, so I usually miss the opportunity to buy or short. Everything can be adapted by users. If there was a way to combine all of this data into 1 new indicator that would be awesome!

Settings:
PSAR (GOLD) = 0.1, 0.4 (super fast)
PSAR (PURPLE) = 0.02, 0.2 (default)
ADX = 14 (can make higher if want to, but 14 is good); Levels at 20, 25, and 50
MACD1 = 3EMA, 10EMA, 16Signal
MACD2 = 12EMA, 26EMA, 9Signal
200EMA (GREEN)


(IDEAL) LONG SIGNAL
1. 200 EMA below price on D1. (Preferred and safest for risk, but not mandatory)
2. 200 EMA below price on H4. (Preferred and safest for risk, but not mandatory)
3. 200 EMA below price on M30. (Preferred and safest for risk, but not mandatory)
5. On M30 chart:
a. MACD1 & MACD2 have to cross above Signal below 0.
b. ADX crosses or is above 20/25
c. +DI crosses or is above -DI
d. +DI crosses or is above 20/25
e. GOLD PSAR (0.1, 0.4) is below the price
f. Optional that PURPLE PSAR (0.02, 0.2) is below price

(IDEAL) SHORT SIGNAL
1. 200 EMA above price on D1. (Preferred and safest for risk, but not mandatory)
2. 200 EMA above price on H4. (Preferred and safest for risk, but not mandatory)
3. 200 EMA above price on M30. (Preferred and safest for risk, but not mandatory)
4. On M30 chart:
a. MACD1 & MACD2 have to cross below Signal above 0.
b. ADX crosses or is above 20/25
c. -DI crosses or is above +DI
d. -DI crosses or is above 20/25
e. GOLD PSAR is above the price
f. Optional that PURPLE PSAR is above price

The way this system works is as follows:
1) Look at D1 and H4. Make sure they are trending the same way. Use 200 EMA to help build trend. I also create my own S/R lines using D1, H4, H1, and M30. Sometimes M15 if I'm feeling it.
2) On M30, make sure 200EMA is below price (for long) or above price (for short) - this is only if it is in tandem with D1 and H4 200 EMA. This creates the most sure 1st check, especially for pairs with huge spreads. Otherwise, sometimes I will still trade depending on other factors like S/R & Fibo, and the next steps in my system.
3) Check if MACD1 has or had appropriate MACD/Signal cross at some point in relevant potential trend. MACD crosses below Signal above zero for shorts; MACD crosses above Signal below zero for long. This signal catches potential trends faster than MACD2 (the default settings).
4) Check if MACD2 has or had appropriate MACD/Signal cross at some point in relevant potential trend. MACD crosses below Signal above zero for shorts; MACD crosses above Signal below zero for long. This signal is usually slower than MACD1, but it tells me that I definitely should go to the next step.
5) Check ADX(14). If ADX line is above 20 (25 is better), then place long trade when +DI line crosses above -DI AND +DI is above or crosses above 20 AND -DI is below 20. This tells me that uptrend is strong and I will buy on the spot as long as Gold PSAR is below candle. I will definitely buy should Purple PSAR also be below candle. If ADX line is above 20 (25 is better), then place short trade when -DI line crosses above +DI AND -DI is above or crosses above 20 AND +DI is below 20. This tells me that uptrend is strong and I will buy on the spot as long as Gold PSAR is above candle. I will definitely buy should Purple PSAR also be above candle. ADX and PSAR just double check each other. Gold PSAR is faster than Purple PSAR. [It is especially best when Gold PSAR (and Purple PSAR) switch positions.]

The ADX(7) indicator I use only if I feel like being a bit impatient, or if I want earlier confirmation of the trend strength. It's faster than the ADX(14), so I'll review the ADX(7) in tandem with the ADX(14). I prefer using it when ADX and +DI or -DI are above 30, but will use it if they are above 20. It's a riskier move, but I'll sometimes use it.

In the chart, you'll see where I would prefer to see the alerts and arrows (or have bot trade).
Purple vertical line - I might have traded only because ADX(7) -DI line went to 20.
All red vertical lines I definitely would have shorted since all indicators are where I want them to be.
All blue vertical lines I would strongly consider going long. Everything looks great except that 200EMA is above price, not below. If I was still watching this pair, I probably would have taken another buy trade where the blue arrow is from the TDFI indicator, or the candle next to it. However, that's only because of the spread. If it was a bigger spread I probably wouldn't take it at the blue arrow.

Chart:
Example.PNG

Please let me know if you can help. Happy to provide and learn other information from y'all! Excited to share information.

Thank you so much!
Hello,
Yes. I wrote it with If/Then statements. I'm working on a better solution that includes Bollinger Bands and Stochastic so that it is more precise:

Works best on 5-minute chart. Could work on 30-minute chart or above.
SHORT: Upper/overbought BB+STOCH & MACD1 & MACD2 cross below Signal above 0 and ADX over 20 and -DI over 20 and crossed +DI. PSAR above price.
GO LONG: Lower/oversold BB+STOCH & MACD1 & MACD2 cross above Signal below 0 and ADX over 20 and +DI over 20 and crossed -DI. PSAR below price.

I'm fine with TP and SL. I figured an alert would be OK (like an email to my phone) with arrows since I can then check the conditions quickly. TP is always 10 pips (100 pipettes) [or 5 pips (50 pipettes) if 2 orders are placed instead of one]. SL is dependent on currency pair since each has a spread. Ideally 4-5 pips [40-50 pipettes].

All the best, and thank you for responding!

Re: MT4 Indicator requests and ideas

#12004
lain7123 wrote:
Sun Jan 24, 2021 7:39 am
Could someone explain me how this volatility indicator works? I don´t know how to use it, the green and red line cross and the blue line coming out what does it do?
kayakkal volt.png
Kayakkal_normalized_volatility(Bullforyou.com).mq4
It looks like a normalized Atr with 2 moving averages of the atr. Looks like the indicator was originally from Mladen, and renamed but not sure how much was done by Mladen.

Re: MT4 Indicator requests and ideas

#12005
mrtools wrote:
Tue May 07, 2019 12:37 pm
talaate wrote:
Tue May 07, 2019 8:44 am
Hi mrtools
my regards
Would you please, when you have time, to add MTF and display type options to the following indicator
Dynamic Zone StepMA pdf nmc 3.2.mq4

Thanks
Added display type and mtf.
Hello Mr. Tool
The indicator not showing up on my mt4 looks interesting. Can you help me? Is the indicator repainted?
Dynamic Zone StepMA pdf nmc 3.3 mtf.mq4
(17.1 KiB) Downloaded 58 times


Re: MT4 Indicator requests and ideas

#12006
mrtools wrote:
Sun Jan 24, 2021 1:11 pm
lain7123 wrote:
Sun Jan 24, 2021 7:39 am
Could someone explain me how this volatility indicator works? I don´t know how to use it, the green and red line cross and the blue line coming out what does it do?
kayakkal volt.png
Kayakkal_normalized_volatility(Bullforyou.com).mq4
It looks like a normalized Atr with 2 moving averages of the atr. Looks like the indicator was originally from Mladen, and renamed but not sure how much was done by Mladen.
Hello mrtools.
Add Fractals Adjustable zones from this indicator.
Thank you
Screenshot_556.png
Fractals - adjustable price breakout _mtf+alerts nmc.mq4
(7.73 KiB) Downloaded 137 times
True Breakout Levels_.mq4
(3.41 KiB) Downloaded 194 times

IndicatorLooking for RSI - MACD Cross Oscillator

#12007
Good day,

I'm very new to Forex-Station. Been enjoying reading the posts and decided to join up.

I had chosen my first post to be related to a strategy I use to enter on OB/OS positions. I have to manually filter entry options by looking at an oscillation between RSI (14) and MACD (12,26,9) crossing and finding opportunities where these crosses occur above the 80 and below the 20 percentile.
Is there an indie on these forums that potentially provides an alert when these two oscillators cross above and below the mentioned levels? Something with and arrow / alert on the oscillator?
The closest I have is this:
MACD^RSI - Arrows.mq4
(6.83 KiB) Downloaded 64 times

I had been trying to modify the code in order to get the arrow signal in the oscillator window. No luck. Only get on the main window, and this looks messy.
Secondly, I cannot seem to get the RSI to only have signals above (80 level) and below (20 level). I understand that MACD calibration is very fluid, and not the same for any two pairs, however I only want the level definition for RSI...

Please can someone assist with the signal filtering of alerts or perhaps another indie that does this already?

Hoping someone has something similar already?

Re: MT4 Indicator requests and ideas

#12008
mrtools wrote:
Fri Jan 22, 2021 1:49 pm
hypnoise wrote:
Fri Jan 22, 2021 6:51 am
Hi, could someone please add push notification to the Half-trend MTF indicator? It has alerts but no push notifications. (or it isnt working on my account) Didnt find another halftrend MTF with push notifications either on the website :(

Thanks in advance!!!
Try this one.
Thank you for the fast response mrtools!

Now I get push alerts but only when the current timeframe is selected in the MTF parameter.
Could you please add push alerts when other timeframes are selected in the MTF parameter (for example 1H mtf parameter selected on a 5min chart)
And if possible add text 1H mtf or something when I receive the push alert so I know which halftrend mtf is changed from direction



Thanks in advance!
HalfTrend MTF with channels + pushalerts.mq4
(17.5 KiB) Downloaded 58 times

Re: MT4 Indicator requests and ideas

#12009
Hello mrtools,

For the indicator bollinger bands (mtf + arrows + alerts).ex4 here: viewtopic.php?p=1295400299#p1295400299
could you please add on-off button with the ability to define where the button is located on the chart?
And also provide for multiple applications of the indicator on the same chart - in that case would an ID be needed for each indicator application?

Thanking you in advance,

Re: MT4 Indicator requests and ideas

#12010
Hello mrtools,

For the indicator bollinger bands (mtf + arrows + alerts).ex4 here: viewtopic.php?p=1295400299#p1295400299
a 2nd idea / suggestion:

Could you do a 4 color histo version (more or less like elders impulse histo) with the following parameters:
If close price is between the middle bollinger line and the upper bollinger line show color aqua.
If close price is between the middle bollinger line and the lower bollinger line show color magenta.
If close price is either below the lower bollinger line or above the upper bollinger line, show nothing.
But also show the arrows in the histogram as would be shown on the main chart window.

I hope it is clear as described.

Thanking you in advance,
01.png
02.png
03.png


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