MONSTER BREAKOUT BY YISRAEL

1
HERE IS ANOTHER SIMPLE INDICATOR....THAT CONFIRM BIG MOVES

THE FAIRY TALE:
THIS JUST GIVES HIGHER HIGHS AND LOWER LOW....SO A DIVERGENCE SYSTEM SHOULD BE IMPLEMENTED!!
THIS IS FALSE.

THE TRUE HISTORY:
THIS INDICATOR FOR ALL CANDLES IT DOES THE (HIGH+LOW)/2 ...MEANING IT FINDS THE "MIDDLE POINT OF THE BATTLE"(MPOTB)
IT THEN PROCEEDS FOR TO FIND FOR SOME LOOKBACK PERIOD ...THE HIGHEST AND LOWEST OF THE BATTLES(MPOTB)
AND FINALLY IT COMPARES THEM TO THE ACTIVE CLOSE
IF CLOSE>HIGHEST BATTLE ==>BULLISH SIGNAL...GREEN
IF CLOSE<LOWEST BATTLE ==> BEARISH SIGNAL...RED

OVER ALL THIS INDICATOR PREDICTS STRONG ENTRIES, CONTINUATION, REVERSAL
WHILE AVOIDING WHIPSAWED.

WHEN TRADING IT BLIND SIGNAL SHOULD NOT BE TAKEN...PRICE ACTION ANALYSIS SHOULD BE CONDUCTED.
THE SIGNAL THAT THE INDICATOR GIVES SHOULD BE POINTS OF INTEREST WHERE YOU WILL CONDUCT YOUR ANALYSIS

FINALY THIS INDICATOR LIKE TO CONFIRM LONG WICKED DOJI CANDLES AND EXTERTED CANDLES
CLOSE UP IMG CLOSE UP IMG
BRODER VIEW BRODER VIEW
These users thanked the author yisrael for the post (total 9):
太虚一毫, BeatlemaniaSA, sal, dmnik, MaxTorque, andrei-1, charli, camisa, Chickenspicy
A famous quote in documentary "Money Robots":55% winrate is enough to make money


Re: MONSTER BREAKOUT BY YISRAEL

4
ZZTop wrote: Thu Dec 16, 2021 12:07 am Yes, had 48 in M5, works as a SR in future, thanks
Good good... :thumbup:
I will say that for resistances only.....but it is the same for support,the only difference is the use of bearish bar.
With period 50
If you got a cluster of green bars the ...
The most left green bar shows the breaking of the old resistance...
The most right green bar shows the establiment of new resistance...
Pretty cool ,right? 😎
These users thanked the author yisrael for the post:
andrei-1
A famous quote in documentary "Money Robots":55% winrate is enough to make money


Re: MONSTER BREAKOUT BY YISRAEL

6
yisrael wrote: Wed Dec 15, 2021 6:45 pm HERE IS ANOTHER SIMPLE INDICATOR....THAT CONFIRM BIG MOVES

THE FAIRY TALE:
THIS JUST GIVES HIGHER HIGHS AND LOWER LOW....SO A DIVERGENCE SYSTEM SHOULD BE IMPLEMENTED!!
THIS IS FALSE.

THE TRUE HISTORY:
THIS INDICATOR FOR ALL CANDLES IT DOES THE (HIGH+LOW)/2 ...MEANING IT FINDS THE "MIDDLE POINT OF THE BATTLE"(MPOTB)
IT THEN PROCEEDS FOR TO FIND FOR SOME LOOKBACK PERIOD ...THE HIGHEST AND LOWEST OF THE BATTLES(MPOTB)
AND FINALLY IT COMPARES THEM TO THE ACTIVE CLOSE
IF CLOSE>HIGHEST BATTLE ==>BULLISH SIGNAL...GREEN
IF CLOSE<LOWEST BATTLE ==> BEARISH SIGNAL...RED

OVER ALL THIS INDICATOR PREDICTS STRONG ENTRIES, CONTINUATION, REVERSAL
WHILE AVOIDING WHIPSAWED.

WHEN TRADING IT BLIND SIGNAL SHOULD NOT BE TAKEN...PRICE ACTION ANALYSIS SHOULD BE CONDUCTED.
THE SIGNAL THAT THE INDICATOR GIVES SHOULD BE POINTS OF INTEREST WHERE YOU WILL CONDUCT YOUR ANALYSIS

FINALY THIS INDICATOR LIKE TO CONFIRM LONG WICKED DOJI CANDLES AND EXTERTED CANDLES

Image


Image


monster-breakout.mq4
look at this indicator with your own)
These users thanked the author blonde for the post:
andrei-1

Re: MONSTER BREAKOUT BY YISRAEL

9
yisrael wrote: Thu Dec 16, 2021 2:46 am CAN U PUT THE QUANTUM TT INDICATOR ON CODE TAGS...
I DONT WANT TO DOWLOAD THE INDICATOR :sweat:
THEN I WILL REVIEW IT ...GRADLY 😌
________________________________________________________________________________
//+------------------------------------------------------------------+
//| Quantum.mq4 |
//+------------------------------------------------------------------+
//2012Jan27 mod for mer071898
#property copyright "© zznbrm, 2010 © jacik, Tankk, 29 марта 2020, http://forexsystemsru.com/"
#property link "https://forexsystemsru.com/threads/indi ... nkk.86203/" ////https://forexsystemsru.com/forums/indikatory-foreks.41/
#property strict

//---- indicator settings
#property indicator_chart_window
#property indicator_buffers 3
#property indicator_color1 clrDodgerBlue
#property indicator_color2 clrSpringGreen //Aquamarine
#property indicator_color3 clrDeepPink //Magenta
#property indicator_width1 2
#property indicator_width2 4
#property indicator_width3 4

//---- input parameters //60;
extern int qPeriod = 100; // = 24;
extern int qShift = 6;
//---- indicator buffers
double gadblUp3[];
double gadblDn3[], ZIGZAG[];

//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
IndicatorBuffers(3); IndicatorDigits(Digits); if (Digits%2==1) IndicatorDigits(Digits-1); //if (Digits==3 || Digits==5)

SetIndexBuffer( 0, ZIGZAG ); // впадина
SetIndexEmptyValue( 0, 0.0 );
SetIndexStyle( 0, DRAW_SECTION );
SetIndexLabel( 0, "ZigZag" );
SetIndexShift( 0, qShift );

SetIndexBuffer( 1, gadblUp3 ); // впадина
SetIndexEmptyValue( 1, 0.0 );
SetIndexStyle( 1, DRAW_ARROW );
SetIndexArrow( 1, 250 );
SetIndexLabel( 1, "Bottom" );

SetIndexBuffer( 2, gadblDn3 ); // пик
SetIndexEmptyValue( 2, 0.0 );
SetIndexStyle( 2, DRAW_ARROW );
SetIndexArrow( 2, 250 );
SetIndexLabel( 2, "Vertex" );

//---- name for DataWindow and indicator subwindow label
IndicatorShortName( "Quantum [" + IntegerToString(qPeriod) + "]" );

return( 0 );
}
//+------------------------------------------------------------------+
//| Custom indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
return( 0 );
}

//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
int counted_bars = IndicatorCounted();

if (counted_bars < 0) return (-1);
if (counted_bars > 0) counted_bars--;
int intLimit = Bars - counted_bars - 1;

int intLow3, intHigh3;

for( int i = intLimit; i >= 0; i-- )
{
gadblUp3 = 0.0;
gadblDn3 = 0.0; ZIGZAG=0;

intLow3 = iLowest( NULL, 0, MODE_LOW, qPeriod, i );

if ( intLow3 == i )
{
gadblUp3 = Low;
}

intHigh3 = iHighest( NULL, 0, MODE_HIGH, qPeriod, i );

if ( intHigh3 == i )
{
gadblDn3 = High;
}
//---
ZIGZAG = (gadblUp3!=0) ? gadblUp3 : gadblDn3[i];
}
return( 0 );
}
________________________________________________________________________________
________________________________________________________________________________
this indicator works in high / low and does not read the color of the candle, only squares(arrows) non repaint ZIGZAG
These users thanked the author blonde for the post (total 3):
yisrael, andrei-1, optionhk


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