Jimmy wrote: Mon May 09, 2022 9:13 pm Bulls and Bears (Dark)

This is really neat Banzai. I must say, after all these years of using MT4 I had no idea about this interesting "hack". No indicators apart the standard MT4 ones, too.

Here's a Dark Mode version

interesting.
Just don't understand why the period is 31 and not 23, 29, 37, 39? (prime number)

josi wrote: Mon May 09, 2022 9:43 pm Thanks again:
Good stuff, man...

I see you got the hang of working with Trendlines. They work, don't they! Good job!

太虚一毫 wrote: Mon May 09, 2022 9:45 pm interesting.
Just don't understand why the period is 31 and not 23, 29, 37, 39? (prime number)

yes a good point........ it seems to be good tho but will try those input too!!!

ZigZag Indicator with Extra Features

interesting
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thiru wrote: Wed May 11, 2022 9:56 pm ZigZag Indicator with Extra Features

interesting

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ZigZagExtras.v1.5.mq4

It is clearly shown here that the zigzag is a Donchian channel in the form of a beam, because the zigzag signal appears at the moment of breakdown of the Donchian channel when they have the same periods

thiru wrote: Wed May 11, 2022 9:56 pm ZigZag Indicator with Extra Features

interesting

ZigZagExtras.v1.5.mq4

Thanks a lot thiru. Indeed a "interesting" indicator.

Seems that our knowledgeable member Interest 1 has figured it out.

Really like those chart colors/theme.

Very similar to Mladen's High - low trend published here in the FS forum. Also ZZ (Zigzag) based on the Donchian channel indicator.

Average Daily Range Indicator


What is ADR?
Quite simply, ADR (Average Daily Range) is the average of price movement over a period of time. It can be used as a gauge of how far price may move on any given trading day.

This indicator calculates 5, 10, 20 Average Daily Range

Features:

- Average: Daily Range, Prev 1/5/10/20 days

- Calculator maximum stop loss/profit target by Risk/Reward percent of ADR in Pips.

- Candle countdown

- ...

This indicator calculates 5, 10, 20 Average Daily Range.

There is a on chart display in top left corner. it includes the Days movement in Pips, color coded...Up/Down less than 20 pips it is YELLOW. GREEN is 20+ Pips UP, RED is 20+ Pips Down

It displays a floating Top/Bottom Price box.

Oscillator of the OsMA type but interpreted for the ATR oscillator. It is used as an additional signal (crossing 0) to exit the position with the maximum profit. Normalized for the current state of the EURUSD H4. It is possible to change the periods of ATR and signal line as well as the calculation methods for moving averages of ATR and signal line.