Re: MT4 Indicator requests and ideas

17661
[quote=chickensword post_id=1295502763 time=1675661876 user_id=4949655]
Were these any good Sal?


hai
thanks bro. but i am not sure the REPAINT is a good idea
from your system i replace repaint and arrow and add another indicator arrow signal
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"There is NO GOD higher than TRUTH" - Mahatma Gandhi


Re: MT4 Indicator requests and ideas

17663
today my experiment get 2 trades in eurusd 1 down 2 up . Stronger.
if the price bar enter and previous and current(ie. near to near 2 bars) (bearish and bullish - see snap ) This is a strong trend . Like V pattern.
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[/quote]

i find my solution without indicator .. its already there named Pitch fork indicator fee in mt4, Its manually setting.
viewtopic.php?f=579496&t=8473240&p=1295 ... 1295502829
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"There is NO GOD higher than TRUTH" - Mahatma Gandhi

Re: MT4 Indicator requests and ideas

17665
alexm wrote: Thu Dec 24, 2020 4:37 am maybe somebody have an indicator that paints a price channel using the Hodrick-Prescott Filter? i found Hodrick-Prescott Channel - vhpchannel but maybe there is some variation maybe thereis mtf version?
I don't Know if this will help you (Hodrick-Prescott Channel) but in good hands can be a ATM cash machine.

As you can see, it consists of two chart elements, two bands that create a channel called VHP, and a 21-period moving average(MA) line called HP Trend. There is also a middle dashed line that separates bearish and bullish market conditions.

The Hodrick Prescott Channel indicator is meant to catch price reversals. So when it comes to an understanding the HPC, it’s essential to know that when the 21-HP Trend indicator moves below the middle dashed line and the price rejects the lower chart channel band, it signals a bullish chart trend in the market. Conversely, if the price rejects the upper chart band when the HP Trend rises to the second half of the charted channel, it suggests a bearish market trend.

That indicator tracks price action changes and automatically plots channels to identify market support and resistance levels. The key to using this tool effectively is to buy at chart support levels and sell at resistance levels, all while following the overall trend direction.


Hodrick-Prescott Channel Indicator: Buy Signal

21 HP Trend dips below the chart channel middle line
Price approaches the lower band and rejects it
Channel should be leaned upwards
Open long-entry trade when the above conditions are met
Set stop loss(SL) a few pips below the most recent market’s low point
First, take profit at the middle line, and second, take profit(TP) at the opposite band

Hodrick-Prescott Channel Indicator: Sell Signal

21 HP Trend rises above the chart channel middle line
Price approaches the upper band and rejects it
Channel should be leaned downwards
Open short entry trade when the above conditions are met
Set stop loss(SL) a few pips above the most recent market’s high point
First, take profit at the middle line, and second, take profit(TP) at the opposite band
From the domains of my desk and laptop Full of Porn and Charts I call upon the Spiritual Presence and Power of Richard Wyckoff, Jesse Livermore, George Soros and all the Wise in Volume and Standard Deviation to enlighten and make everyone get off their asses and go to study Market Structure, Liquidity Pools and Volume.

Selah


Re: MT4 Indicator requests and ideas

17667
chickensword wrote: Tue Feb 07, 2023 1:58 pm May MrTools please look and see if using the Bollinger bands from a Tdi could be used in the same manner of display that this Bollinger band histogram has
With gratitude! Boundless infinite merit!
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It's the same old story need to remake the indicator, will work on it tomorrow and see about incorporating the other bands into it as an option.

Re: MT4 Indicator requests and ideas

17668
mrtools wrote: Tue Feb 07, 2023 3:53 pm It's the same old story need to remake the indicator, will work on it tomorrow and see about incorporating the other bands into it as an option.
Awesome thank you :) one small step for traders one huge leap for mankind

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