Greeting Mr. tools,
I'm searching for an indicator where it alerts me when price has it wick touched a dynamic support/resistance and got rejected and so far after searching the forum the closest indicator I found was ma touch.mq4 but this is still far from what I looking for because I'm looking for an indicator which alerts me after the current candle close and its wick has touch/cross and rejected from a dynamic support/resistance. I tried to code it myself but mq4 isn't that friendly to me and with limited coding knowledge I figured it would be wiser to request assistance from the professional as I believe with your assistance the outcome of this indicator would work flawlessly.
In order to make it clear here is the logic of my thought:
Dynamic support/resistance (DSR) = EMA
If new candle, check:
( if previous candle opening price & closing price is smaller than DSR
{ if previous candle high is equal or higher than DSR
Alert }
else if previous candle opening price & closing price is bigger than DSR
{ if previous candle low is equal or lower than DSR
Alert }
)
The idea of this concept is to alert if the price is confirmed respecting the dynamic support so we can start to look for potential pullback in the direction of impulsive wave after a corrective wave. Would be glad if you can add in other DSR options such as bollinger band/keltner channel standard deviation 1,2,3. Hope all is well.
Regards.
Re: MT4 Indicator requests and ideas
13272Hi MrTools, I believe this post was towards my request to add the new averages and prices to Ravi fisher. But I'm not so interested in the histogram version as I would like to use it in the same manner as RSIOMA. This reminded me of - could you also add the OMA signal line to this indicator? Sorry for any inconvenience. But it would be much appreciated!
download/file.php?mode=view&id=3393148
Re: MT4 Indicator requests and ideas
13273mrtools, would it be possible to have an AutoMTF for this indicator? Not sure because it does not show any TF in the parameter window.
I've tried it out and it works great if one follows direction. But it would be a lot better if it could show the next TF instead. Thank you.
I've tried it out and it works great if one follows direction. But it would be a lot better if it could show the next TF instead. Thank you.
Re: MT4 Indicator requests and ideas
13274Hi Whiplashtm,whiplashtm wrote: Sat Jul 10, 2021 10:42 pm Hi MrTools, I believe this post was towards my request to add the new averages and prices to Ravi fisher. But I'm not so interested in the histogram version as I would like to use it in the same manner as RSIOMA. This reminded me of - could you also add the OMA signal line to this indicator? Sorry for any inconvenience. But it would be much appreciated!
download/file.php?mode=view&id=3393148
Have you seen this one? It doesn't have the OMA but it has the full price options and the "basic" averages plus foating levels. You might find it useful. It's a code from Mladen & MrTools, so it means a good one :-)
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- These users thanked the author rudiarius for the post:
- whiplashtm
Re: MT4 Indicator requests and ideas
13275Hi mrtools,
is it possible to build an indicator with this simple formula?
trying to explain with an example with a moving average - period 12:
A= price - simple moving average of 12 period;
B= (A - min (A1:A12))*100;
C= (A - max(A1:A12))*100;
B is the output line of oversold and C is the output line of overbought; then we need two moving averages of B and two moving averages of C.
Hope I'm clear.
I poste an image of the output of the indicator: it draws two lines, oversold (yellow) and overbought (light blu).
Usually the buy signal is when oversold line has touched 0 line and then overbought crosses its moving average and also price crosses its moving average. Viceversa for the sell signal.
I think the formula should be the base for some new indicators.
Thanks
Lucmat
is it possible to build an indicator with this simple formula?
trying to explain with an example with a moving average - period 12:
A= price - simple moving average of 12 period;
B= (A - min (A1:A12))*100;
C= (A - max(A1:A12))*100;
B is the output line of oversold and C is the output line of overbought; then we need two moving averages of B and two moving averages of C.
Hope I'm clear.
I poste an image of the output of the indicator: it draws two lines, oversold (yellow) and overbought (light blu).
Usually the buy signal is when oversold line has touched 0 line and then overbought crosses its moving average and also price crosses its moving average. Viceversa for the sell signal.
I think the formula should be the base for some new indicators.
Thanks
Lucmat
Re: MT4 Indicator requests and ideas
13276Hi.whiplashtm wrote: Sat Jul 10, 2021 10:42 pm Hi MrTools, I believe this post was towards my request to add the new averages and prices to Ravi fisher. But I'm not so interested in the histogram version as I would like to use it in the same manner as RSIOMA. This reminded me of - could you also add the OMA signal line to this indicator? Sorry for any inconvenience. But it would be much appreciated!
download/file.php?mode=view&id=3393148
If I understand correctly what you want, try this...
Attachments
- These users thanked the author kvak for the post (total 2):
- josi, whiplashtm
Re: MT4 Indicator requests and ideas
13277Posted here Ehlers indicatorsZZTop wrote: Sat Jul 10, 2021 4:19 pm Forget to add indicator, sorry.
ehlers - optimal tracking filter (mtf).mq4
Re: MT4 Indicator requests and ideas
13278Posted here Various spec. indicatorswhiplashtm wrote: Sat Jul 10, 2021 10:42 pm Hi MrTools, I believe this post was towards my request to add the new averages and prices to Ravi fisher. But I'm not so interested in the histogram version as I would like to use it in the same manner as RSIOMA. This reminded me of - could you also add the OMA signal line to this indicator? Sorry for any inconvenience. But it would be much appreciated!
download/file.php?mode=view&id=3393148
Re: MT4 Indicator requests and ideas
13279Posted here Various mt4 indicatorsRplusT wrote: Sat Jul 10, 2021 11:35 pm mrtools, would it be possible to have an AutoMTF for this indicator? Not sure because it does not show any TF in the parameter window.
I've tried it out and it works great if one follows direction. But it would be a lot better if it could show the next TF instead. Thank you.
xixi_tz_1_10.mq4
Re: MT4 Indicator requests and ideas
13280Happy Sunday, Mrtools. Any update on this request yet? Thank you once again.Kenrobert1 wrote: Sat Jul 10, 2021 7:01 am I acessed the code by opening the CS file with Wordpad. I don't know if that is helpful in any way. I don't know much about coding. Thank you so much.