Re: MT4 Indicators with alerts/signals

4131
Is it possible to make a point and figure moving average?
[[ 0 + 0 = 0
Infinite / Infinite = 1
Christ is peace
]]

[[ Too much fear and pain will literally force you to lose your mind, never jump to conclusions.
Trading is first and foremost psychology,
Patience, Practice, Attentiveness
]]


Re: MT4 Indicators with alerts/signals

4132
Chickenspicy wrote: Mon Jun 05, 2023 9:51 am Is it possible to make a point and figure moving average?
Found this version

Code: Select all

// Author : LonesomeTheBlue
//@version=4
study("Point and Figure (PnF) Moving Averages", overlay=true, max_bars_back=5000)
mode =input(title = "[SETUP] Method", defval = 'ATR', options=['User Defined', 'ATR', 'Traditional', 'Percentage'])
modevalue = input(title ="[SETUP] Atr Period", defval = 20, minval = 1)
boxsize = input(title ="[SETUP] Box Size", defval = 10.0, minval = 0.000000000000001)
percentagebs = input(title ="[SETUP] Percentage %", defval = 0.1, minval = 0.00001)
reversal = input(3, title = "[SETUP] Reversal", minval = 1)
source =input(defval = "close", title = "[SETUP] Source", options=['close', 'hl'])

//traditional box size calculation
tboxsize = high < 0.25 ? 0.0625 :
   high < 1.00 ? 0.125 :
   high < 5.00 ? 0.25 :
   high < 20.0 ? 0.50 :
   high < 100.0 ? 1.0 :
   high < 200.0 ? 2.0 :
   high < 500.0 ? 4.0 :
   high < 1000.0 ? 5.0 :
   high < 25000.0 ? 50.0 :
   500.0  //(high >= 25000.0) 
   
//calc atr val
conv_atr(valu)=>
    a = 0
    num = syminfo.mintick
    s = valu
    if na(s)
        s := syminfo.mintick
    if num < 1
        for i = 1 to 20
            num := num * 10
            if num > 1
                break
            a := a +1
    
    for x = 1 to a 
        s := s * 10
    s := round(s)
    for x = 1 to a
        s := s / 10
    s := s < syminfo.mintick  ? syminfo.mintick : s
    s

//ATR box size calculation
atrboxsize = conv_atr(atr(modevalue))
//percentage box size calculation
pboxsize = conv_atr(percentagebs * close / 100)

float box = na
box := na(box[1]) ? mode == 'ATR' ? atrboxsize : mode == 'Traditional' ? tboxsize : mode == 'Percentage' ? pboxsize : boxsize : box[1] 

top = 0.0, bottom = 0.0
trend = 0
trend := barstate.isfirst ? 0 : nz(trend[1])
currentprice = 0.0
currentprice := source == 'close' ? close : trend == 1 ? high : low
float beginprice = na
beginprice := barstate.isfirst ? floor(open / box) * box : nz(beginprice[1])
iopenprice = 0.0
icloseprice = 0.0

if trend == 0 and box * reversal <= abs(beginprice - currentprice)
    if beginprice > currentprice
        numcell = floor(abs(beginprice - currentprice) / box)
        iopenprice := beginprice
        icloseprice := beginprice - numcell * box
        trend := -1
    if beginprice < currentprice
        numcell = floor(abs(beginprice - currentprice) / box)
        iopenprice := beginprice
        icloseprice := beginprice + numcell * box
        trend := 1

if trend == -1
    nok = true
    if beginprice > currentprice and box <= abs(beginprice - currentprice)
        numcell = floor(abs(beginprice - currentprice) / box)
        icloseprice := beginprice - numcell * box
        trend := -1
        beginprice := icloseprice
        nok := false
    else
        iopenprice := iopenprice == 0 ? nz(iopenprice[1]) : iopenprice
        icloseprice := icloseprice == 0 ? nz(icloseprice[1]) : icloseprice
    
    tempcurrentprice = source == 'close' ? close : high
    if beginprice < tempcurrentprice and box * reversal <= abs(beginprice - tempcurrentprice) and nok //new column
        numcell = floor(abs(beginprice - tempcurrentprice) / box)
        iopenprice := beginprice + box
        icloseprice := beginprice + numcell * box
        trend := 1
        beginprice := icloseprice
    else
        iopenprice := iopenprice == 0 ? nz(iopenprice[1]) : iopenprice
        icloseprice := icloseprice == 0 ? nz(icloseprice[1]) : icloseprice
else        
    if trend == 1
        nok = true
        if beginprice < currentprice and box <= abs(beginprice - currentprice)
            numcell = floor(abs(beginprice - currentprice) / box)
            icloseprice := beginprice + numcell * box
            trend := 1
            beginprice := icloseprice
            nok := false
        else
            iopenprice := iopenprice == 0 ? nz(iopenprice[1]) : iopenprice
            icloseprice := icloseprice == 0 ? nz(icloseprice[1]) : icloseprice
    
        tempcurrentprice = source == 'close' ? close : low
        if beginprice > tempcurrentprice and box * reversal <= abs(beginprice - tempcurrentprice) and nok //new column
            numcell = floor(abs(beginprice - tempcurrentprice) / box)
            iopenprice := beginprice - box
            icloseprice := beginprice - numcell * box
            trend := -1
            beginprice := icloseprice
        else
            iopenprice := iopenprice == 0 ? nz(iopenprice[1]) : iopenprice
            icloseprice := icloseprice == 0 ? nz(icloseprice[1]) : icloseprice    

//if icloseprice changed then recalculate box size
box := change(icloseprice) ?  mode == 'ATR' ? atrboxsize : mode == 'Traditional' ? tboxsize : mode == 'Percentage' ? pboxsize : boxsize : box

//PNF Moving average
matype =input(title = "[MA] MA Type", defval = 'EMA', options=['EMA', 'SMA'])
masrc = input(defval = 'Average price', title = "[MA] MA Source", options =['Average price', 'Close Price'])
pnfma1 = input(1, title="[MA] Fast Length", minval = 1)
pnfma2 = input(5, title="[MA] Slow Length", minval = 1)
fillmas = input(true, title = "[MA] Fill between MAs")
macol = input(defval = 'Lime/Blue', title = "[MA] Color Theme", options =['Lime/Blue', 'Lime/Red', 'Green/Red', 'Green/Blue', 'Blue/Red'])

masource = masrc == 'Average price' ? ((iopenprice + icloseprice) / 2) : icloseprice
countch = 0
countch := change(icloseprice) ? nz(countch[1]) + 1 : nz(countch[1])
trcnt = 0
trcnt := change(trend) ? 1 : nz(trcnt[1]) + 1
trcnt := trcnt > 4000 ? 4000 : trcnt

pnf_sma(ser, len) =>
    sum = ser
    nn = 1
    if len > 1
        for i = 0 to 4000
            if trend[i] ==0 or trend[i+1] ==0
                break
            if trend[i] != nz(trend[i+1])
                nn := nn + 1
                sum := sum + ser[i+1]
                if nn == len
                    break
    _ret = nn == len ? sum / len : na

float alpha1 = 2 / (pnfma1 + 1)
float alpha2 = 2 / (pnfma2 + 1)
float pnfsma1 = na
float pnfsma2 = na 
pnfsma1 := countch <= pnfma1 or matype == 'SMA' ? pnf_sma(masource, pnfma1) : alpha1 * masource + (1 - alpha1) * nz(pnfsma1[trcnt])
pnfsma2 := countch <= pnfma2 or matype == 'SMA' ? pnf_sma(masource, pnfma2) : alpha2 * masource + (1 - alpha2) * nz(pnfsma2[trcnt])

pnfm1 = pnfsma1 //floor(pnfsma1 / box) * box // in atr mode box size changes on every bar and this is problem
pnfm2 = pnfsma2 //floor(pnfsma2 / box) * box

maupcol  = macol == 'Lime/Blue' or macol == 'Lime/Red' ? color.lime : macol == 'Blue/Red' ? color.blue : color.green
madowncol  = macol == 'Lime/Blue' or macol == 'Green/Blue' ? color.blue : color.red

lma1 = plot(pnfm1, color =  color.olive, title = "Fast Ma", linewidth = 3, editable = false)
lma2 = plot(pnfm2, color = color.maroon, title = "Slow Ma", linewidth = 3, editable = false)
fill(lma1, lma2, title = "MA Area", color =pnfm1 >= pnfm2 ? maupcol : madowncol, transp = fillmas ? 60 : 100, editable = false)

matrend = pnfm1 > pnfm2 and nz(pnfm1[1]) <= nz(pnfm2[1]) ? 1 : 0
matrend := pnfm1 < pnfm2 and nz(pnfm1[1]) >= nz(pnfm2[1]) ? -1 : matrend
alertcondition(nz(matrend[1]) == 1 and matrend == 1, title='PNF MA Trend Up', message='PNF MA Trend Up')
alertcondition(nz(matrend[1]) == -1 and matrend == -1, title='PNF MA Trend Down', message='PNF MA Trend Down')
Not sure if it can be converted though. Looks like it's actually 2 averages something like a 2 ma cross.

Re: MT4 Indicators with alerts/signals

4133
mrtools wrote: Mon Jun 05, 2023 10:26 am .
True its basically renko overlay
No need , thank you
[[ 0 + 0 = 0
Infinite / Infinite = 1
Christ is peace
]]

[[ Too much fear and pain will literally force you to lose your mind, never jump to conclusions.
Trading is first and foremost psychology,
Patience, Practice, Attentiveness
]]

Re: MT4 Indicators with alerts/signals

4134
Hi Mr Tools,

You edited this indicator a while back and it is great. I would like to know if an option can be added for an alert when the ADX line crosses above/below the predetermined level. Currently alerts occur when either the DM+/- cross a level. And if it has to be an option to turn off the DM+/-, that's okay. I can run 2 indicators if necessary.

Thanks in advance for your response!!!!!

Re: MT4 Indicators with alerts/signals

4135
naluvs01 wrote: Mon Jun 05, 2023 3:56 pm Hi Mr Tools,

You edited this indicator a while back and it is great. I would like to know if an option can be added for an alert when the ADX line crosses above/below the predetermined level. Currently alerts occur when either the DM+/- cross a level. And if it has to be an option to turn off the DM+/-, that's okay. I can run 2 indicators if necessary.

Thanks in advance for your response!!!!!
Image
Added adx crossing a level alert and made both alerts an option.


Re: MT4 Indicators with alerts/signals

4136
naluvs01 wrote: Mon Jun 05, 2023 3:56 pm Hi Mr Tools,

You edited this indicator a while back and it is great. I would like to know if an option can be added for an alert when the ADX line crosses above/below the predetermined level. Currently alerts occur when either the DM+/- cross a level. And if it has to be an option to turn off the DM+/-, that's okay. I can run 2 indicators if necessary.

Thanks in advance for your response!!!!!
Image
I have this option. Maybe you will like

Re: MT4 Indicators with alerts/signals

4138
Intrest 1 wrote: Tue Jun 06, 2023 1:27 am I have this option. Maybe you will like
Image
This looks like it shows the DI crosses only and it doesn't have alerts. The indicator Mr. Tools revised has the option for the ADX line which reveals there is strength in the currency pair. Historically speaking, if the ADX line is above level 20 (or some people prefer 25), then the market is said to have strength. If the ADX line is below the level, then you would want to stay out of the market because there is no volume/strength. Also, remember the ADX line doesn't show direction, but rather or not the currency pair has a trend. Although, this indicator does show direction because the ADX line color is the same as the Di +/- crossovers. Also, I use 0 for smoothing.

Below is an example of how it can be utilized: it's the 5 min chart (GBPAUD) with a 200 EMA. Look how these entries can be good trades opportunities. It can help avoid ranging markets.
Attachments

Re: MT4 Indicators with alerts/signals

4139
naluvs01 wrote: Tue Jun 06, 2023 2:51 am This looks like it shows the DI crosses only and it doesn't have alerts. The indicator Mr. Tools revised has the option for the ADX line which reveals there is strength in the currency pair. Historically speaking, if the ADX line is above level 20 (or some people prefer 25), then the market is said to have strength. If the ADX line is below the level, then you would want to stay out of the market because there is no volume/strength. Also, remember the ADX line doesn't show direction, but rather or not the currency pair has a trend. Although, this indicator does show direction because the ADX line color is the same as the Di +/- crossovers. Also, I use 0 for smoothing.

Below is an example of how it can be utilized: it's the 5 min chart (GBPAUD) with a 200 EMA. Look how these entries can be good trades opportunities. It can help avoid ranging markets.
Image
It puts an arrow when the DI crosses the level and puts a cross when the DI crosses the level in the opposite direction. If you look carefully and without prejudice, you will see this

Re: MT4 Indicators with alerts/signals

4140
Intrest 1 wrote: Tue Jun 06, 2023 4:09 am It puts an arrow when the DI crosses the level and puts a cross when the DI crosses the level in the opposite direction. If you look carefully and without prejudice, you will see this
Yes it is good, but I needed the ADX line alerts once they crossed, not the Di +/- alerts when they cross. The main purpose of the ADX line is to measure volatility, while the Di lines measure strength between indices (I'm sure you know this already). What I've discovered is that when the ADX crosses above the 20 level (with my strategy), it's usually a good entry. So that's why the alerts are important to me.


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