NO LINKS, SOURCE CODE REQUESTS OR MODIFICATION OF DECOMPILED INDICATORS. To avoid post deletion please follow the rules.


IdeaRe: Indicators with ON/OFF buttons

#852
maxus182 wrote:
Wed Sep 01, 2021 10:41 pm
I think I understand why it is repainting. When the triangle appears (ie. Buy signal), and if the price continues in the buy direction and breaks the high of the triangle - the signal will stay on the chart. But if the price breaks the low of the triangle - the signal will disappear. That's why there are no false signals in the history (when you place the indi on the chart).
Ok, I've been observing this code as a test on the 1M charts.

My findings are that all the triangles it draws are valid. Even the ones that disappeared and repainted, they were valid for a short time (on average about 10 candles).

The triangles that remained on the chart and continued onwards did not repaint later.
It seems to only be the most recent triangle plotted on the chart which was prone to disappearing later if the trend continued opposite to what the triangle was telling you to do.

However, during my watch of 4 x pairs, every time it recognized a triangle pattern and showed it on the chart, you would be able to scalp for at least 5 to 10 pips with it on the 1M. Regardless if the most recent triangle disappeared later on.

Quite a good indicator. And as josi said if you combine this indicator with another, it's a huge winner :thumbup:
📖 Download over 600+ Free Forex & Trading books from the Trader's Library.

Important: The worst forex brokers of 2021👎

Re: Indicators with ON/OFF buttons

#853
ChuChu Rocket wrote:
Thu Sep 02, 2021 1:57 am
Ok, I've been observing this code as a test on the 1M charts.

My findings are that all the triangles it draws are valid. Even the ones that disappeared and repainted, they were valid for a short time (on average about 10 candles).

The triangles that remained on the chart and continued onwards did not repaint later.
It seems to only be the most recent triangle plotted on the chart which was prone to disappearing later if the trend continued opposite to what the triangle was telling you to do.

However, during my watch of 4 x pairs, every time it recognized a triangle pattern and showed it on the chart, you would be able to scalp for at least 5 to 10 pips with it on the 1M. Regardless if the most recent triangle disappeared later on.

Quite a good indicator. And as josi said if you combine this indicator with another, it's a huge winner :thumbup:


Your observation is so careful. This observation is necessary.

The triangle indicator just suggests a rough range. When I use it, I only use it as a large-scale reminder of long and short. Do not treat it as a precise point of sale. Add a triangle to the main chart without even looking at trend lines such as MA.

My buying and selling points are still the color consistency of the arrows or indicators.

In short, I only compare the shape of the triangle (after stabilization) with the color of the Dynamic zones polychromatic momentum bars 1.02 indicator to see if they are consistent. ;)
999.png

Re: Indicators with ON/OFF buttons

#854
太虚一毫 wrote:
Thu Sep 02, 2021 2:18 am
The triangle indicator just suggests a rough range. When I use it, I only use it as a large-scale reminder of long and short. Do not treat it as a precise point of sale. Add a triangle to the main chart without even looking at trend lines such as MA.

My buying and selling points are still the color consistency of the arrows or indicators.
Image
Now that is a winning strategy right there ☺

Love your attitude and your concepts bro. New traders can learn a lot from this!

Seems like I'll be keeping this triangle indicator on my charts permanently 🤫
📖 Download over 600+ Free Forex & Trading books from the Trader's Library.

Important: The worst forex brokers of 2021👎

Re: Indicators with ON/OFF buttons

#855
ChuChu Rocket wrote:
Thu Sep 02, 2021 2:30 am
Seems like I'll be keeping this triangle indicator on my charts permanently 🤫
As Xard said: viewtopic.php?p=1295443361#p1295443361
This indicator is really for people training (not for a pro like you) - once you understand the concept you can see the price action unfolding without the graphic display.
Having said that: wasn't it a perfect entry signal on Nasdaq shortly after US open yesterday?
US100H1.png


Re: Indicators with ON/OFF buttons

#857
thomdel wrote:
Sun Aug 29, 2021 3:29 pm
@ Banzai

Respected Sir,

Request you to Please Add Button with unique id to indicator : C12_UltimateRoundNumbers mod Rox

Thanks for your Efforts, Generosity & Kindness.
Thanks for all the Button Indis.
Thanks. Thanks. Thanks.
Ultimate Round Numbers

I think it works fine.
C12_UltimateRoundNumbers mod Rox BT.mq4
(12.2 KiB) Downloaded 106 times
numbers1.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: Indicators with ON/OFF buttons

#858
sal wrote:
Wed Sep 01, 2021 11:05 pm
Hi Banzai
Do have symmetrical triangle pattern for m1 chart ?
Uh no, I don't.
To Reduce CPU and RAM usage -- MT4 > Tools > Options > Chart --->> Decrease "max bars in history" and "max bars in chart" (My setting is 5000)


  1. Similar Topics

    1. Two indicators in the window

      5 Replies 1387 Views

      by juanlu999, Sat Apr 24, 2021 2:51 am in MT4 Indicators

      5 Replies
      1387 Views
    2. Confirmation Indicators

      11 Replies 3491 Views

      by Johnson Kuria., Thu Mar 11, 2021 8:45 am in MT5 Indicators

      11 Replies
      3491 Views
    3. SHARE MY INDICATORS NOW

      101 Replies 9587 Views

      by vuongnet, Tue Jun 22, 2021 9:23 pm in MT4 Indicators

      101 Replies
      9587 Views

Return to “MT4 Indicators”