Re: MT4 Trading Utilities, Chart Tools & Add-ons

122
soulmysoul wrote: Thu Aug 31, 2017 7:15 pm Hello Everyone,
Is there some indicator to draw trendlines. I draw the trendlines manually and label them according to the TF. I am looking for some indicator where i can draw trendlines and it will label it automatically based on TF and a specific color.
There are quite a few out there but the most reliable one I've found that's available is True TL. Much better than Autochartist.
This is the free version (dirty decompiled code) that I recently came across on a Russian website but it works identical to the paid version as I have the fully paid version. Doh!

But hey, if it works, it works!

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Re: MT4 Trading Utilities, Chart Tools & Add-ons

123
Nothing really interesting here just a simple price display for charts with adjustable font and size. I also added X and Y position adjustment.

Are you looking for a Forex broker? FBS cuts spreads by up to 58%. Click here to begin your trading journey, today.
No commissions are earned by Forex-station.


Guide to the "All Averages" Filters (ADXvma, Laguerre etc.) 🆕
Use Fibonacci numbers for indicator settings + How to draw Fibonacci Extensions
An easy trick for drawing Support & Resistance

Re: MT4 Trading Utilities, Chart Tools & Add-ons

125
mladen wrote: Mon Mar 13, 2017 8:00 pm

Markus,

Originally it was like that (the separate version was made later)
Here is the original (on-chart) version and some more on-chart versions (that allowed you to limit the symbols, since the first version I made was showing all the symbols from the market watch - so use the "limited" version in order to have just desired symbols buttons) - 3 separate versions on the example
The buttons indis, both original and separated versions, need Suffix setting. I'm using XM Zero account, and it's Market Watch inscludes instruments with and without ".", though only the ones with "." are tradable.
Image


Re: MT4 Trading Utilities, Chart Tools & Add-ons

126
Anyway wrote: Sun Feb 19, 2017 4:11 am Hello there!

Open a thread for trading utilities (panel, summary, sessions ...)

Well, come on and have a panel, then, anyhow.

 

Some ideas come from the mql market, but the coding may be completely different such as click "mm" to drag ...

Of course there are still some new and strange ideas: hiding aside, into the "one-click" area and average price of orders etc ... 

Wish you a huge amount of profit!
Peace be upon you dear brother
I have a request to add the time option and date the news to the experts
For example, if we have news at 11:30 am on 25/10/2017 date and I am ahead of the news I set the experts at this time he is acting directly with the news time
I need to add time and news to the experts
Greetings to all

Re: MT4 Trading Utilities, Chart Tools & Add-ons

127
bilbao wrote: Mon May 29, 2017 12:05 am indicator is able to perform a calculation on two currency pairs at the same time. The most common setup is EURUSD vs USDCHF. By comparing the values computed on the two pairs, displays a “cloud” which lets you trade the two pairs in opposite directions. A line also shows you the width of the cloud (the spread) so that it’ll be easier to understand the strength of the current price movement.

The interface changes in real time (tick by tick) showing in detail what’s happening on the two pairs. Here is the exact meaning of each row from top to bottom:


– the two currency pairs involved in the calculation (e.g. “EURUSD – USDCHF”)
– the period used for calculation and the relative time span (e.g. “120 bars (5 days 0 hours”) when it has period 120 and is applied to a H1 chart)
– the correlation between the two pairs over the last “period” bars (e.g. “Period correlation: -99%”)
– the Average Daily Range of the first pair (e.g. “EURUSD ADR: 122.00 pips”)
– the lot size selected by the user for the first pair (e.g. “EURUSD Lot Size: 1.00 lots”)
– the entry level of the last trade signalled on the first pair (e.g. “EURUSD Entry Level @ 1.31639″)
– the floating Profit/Loss in pips of the last trade that was signalled on the first pair (e.g. “EURUSD Gain: 157.70 pips”)
– the Average Daily Range of the second pair (e.g. “USDCHF ADR: 82.00 pips”)
– the lot size suggested for the second pair, taking into account the ratio of ADRs between the two pairs (e.g. “USDCHF Lot Size: 1.49 lots”)
– the entry level of the last trade signalled on the second pair (e.g. “USDCHF Entry Level @ 0.91733″)
– the floating Profit/Loss in pips of the last trade that was signalled on the second pair (e.g. “USDCHF Gain: 108.10 pips”)
– the floating Profit/Loss in pips of the last 2 trades that were signalled on both pairs, taking into account the lot size of each pair (e.g. “Total Normalized Pips: 318.53 pips”)

The interface also gives additional information through its color. The background color of the interface is directly related to the spread between the main curves of the two currency pairs being processed. It goes from green (positive spread) to red (negative spread), passing through black (spread around 0). The brighter the color, the wider the spread, the more buying pressure (in case of green color) or selling pressure (in case of red color). Of course when the last cloud displayed on chart is red the textual interface will be red as well. When the last cloud displayed on chart is green the textual interface will be green as well.

On the indicator’s sub window two white curves represent the value computed for each pair. These two main curves look mirror-like most of the time, but it is not always like that. The space within the curves forms a “cloud” which can be green or red. A green cloud stresses the opportunity of being Long in the market, a red cloud the opportunity of being Short. The cloud’s witdh (the difference between the main curves’ values) is called “spread” and is represented by a solid yellow line. it can also display a moving average computed over the spread: it’s a dashed yellow line like in the picture below:



You can also see that the last value of the main curves and the spread is displayed with three labels on chart.

The last (important) element is the dotted vertical lines that appear when the two main curves make a new fresh cross. When you see a new dotted green vertical line then beware of a potential Long trade (a new green cloud is shaping up right now). When you see a new dotted red vertical line then beware of a potential Short trade (a new red cloud is shaping up right now).

Example of Use – Read Carefully
I’ll describe how to use with the most typical setup: EURUSD vs USDCHF. First of all open two charts on your MT4 platform: H1 chart of EURUSD and a H1 chart of USDCHF.

Please keep in mind that default settings were tested with hourly charts, so you should learn how to use on H1 charts first.

On the EURUSD chart you must put: instrument_1 = “EURUSD” and instrument_2 = “USDCHF”.
On the USDCHF chart you must put: instrument_1 = “USDCHF” and instrument_2 = “EURUSD”.

When you see a new green cloud on the EURUSD chart you will also see a new red cloud that is shaping up in the USDCHF chart: you can consider taking a long trade on EURUSD and a short trade on USDCHF at this point.
On the contrary when you see a new red cloud on the EURUSD chart you will also see a new green cloud that is shaping up in the USDCHF chart: you can consider taking a short trade on EURUSD and a long trade on USDCHF at this point.

Of course you could also have only 1 chart instead of two specular charts opened at the same time:
you can use a single chart to enter long one pair and short the other pair, or vice versa, since the two trades are always triggered at the exact same time, or..
or you can elect to trade only one of the two pairs, so you definitely don’t need to look also at the chart of the other pair
The most common inversely correlated are:

EURUSD vs USDCHF
AUDUSD vs USDCHF
GBPUSD vs USDCHF
EURUSD vs USDCAD
AUDUSD vs USDCAD
NZDUSD vs USDCAD
The most common directly correlated :
EURUSD vs EURGBP
GBPUSD vs EURGBP
GBPCHF vs USDCHF


email ()
this field must contain the email address used for the transaction for buying the indicator, otherwise it will not be able to authenticate and it will display an “Authorization failed” message on chart.
period (120)
It’s the number of bars looks in the past in order to calculate its value. The default value 120 corresponds to 1 forex trading week when it is applied on hourly charts.
instrument_1 (“EURUSD”)
instrument_2 (“USDCHF”)
You should put instrument_1 equal to the currency pair of the chart is applied on, while instrument_2 is another pair which is directly or inversely correlated with the first pair.
If your broker uses non standard symbols (e.g. “EURUSDm” instead of “EURUSD”) then make sure you write them properly in the setting (for example: instrument1=”EURUSDm”, and instrument2 =”USDCHFm”).
smoothing (2)
It is the number of bars used to average the two indicator’s main values. If 1 no averaging is made. If 2, the scores of the last 2 bars are used etc.
first_pair_lot (1)
It is the number of lots that you would like to trade on the first pair. Given this value, the textual interface displays the suggested lotsize to be used on the second pair of your duetto. The calculation is based on the ratio of the respective Average Daily Ranges.
show_spread (true)
By setting the option to true, you enable the showing/calculation of the solid yellow representing the cloud’s width (or spread). If you set it to false you disable it.
show_spread_ma (false)
By setting the option to true, you enable the showing/calculation of the dashed yellow representing a moving average over the spread. If you set it to false you disable it. Please note that show_spread must be true if you want to enable show_spread_ma.
MA_period (24)
It is the period of the moving average (MA) computed over the spread. Please note that this parameter is taken into account only if show_spread and show_spread_ma are both set to true.
MA_mode(2)
It is the calculation method for the moving average (MA) computed over the spread. You have 4 options: Simple moving average (0), Exponential moving average (1), Smoothed moving average (2), and Linear weighted moving average (3). Please note that this parameter is taken into account only if show_spread and show_spread_ma are both set to true.
show_text_interface (true)
By setting the option to true, you enable the textual interface in the upper left corner of the main window. If you set it to false you disable it.
show_crosses (false)
By setting the option to true, you enable the showing/calculation of the vertical dotted lines that are drawn at the cross of the two main curves. If you set it to false you disable them.
crosses_threshold (0.0)
When crosses_threshold=0 (the default values) shows the vertical lines corresponding to crosses of the spread line with the zero line. When crosses_threshold>0 the spread must be greater than the given threshold value for to display the vertical lines of a cross. In other words the “crosses_threshold” lets you filter some frequent false signals when the spread line crosses back and forth the zero line.
show_labels (true)
By setting the option to true, you enable the 3 labels in the indicator’s subwindow. Two labels display the value of the main curves, while the third label displays their spread. If you set it to false you disable them.
text_size (10)
It lets you set the size used for the labels in the indicator’s subwindow.
text_font (“Segoe UI”)
It lets you set the font used for the labels in the indicator’s subwindow.
may i know if i can have the indicator?

Re: MT4 Trading Utilities, Chart Tools & Add-ons

129
Here is a nice lightweight indicator by Mladen called iClock which can be used to display different candle and bar times remaining.

To add more than one, just add another iClock indicator to your chart and add an additional number or character to the "UniqueID" section in the indicator's options.
So instead of iClock1 name it to iClock2 etc.
You can then stack the displays above each other. Positioning is totally customizable.

These users thanked the author Jimmy for the post (total 5):
mr12323, oneking, 太虚一毫, Jedidiah, SijjiN
Are you looking for a Forex broker? FBS cuts spreads by up to 58%. Click here to begin your trading journey, today.
No commissions are earned by Forex-station.


Guide to the "All Averages" Filters (ADXvma, Laguerre etc.) 🆕
Use Fibonacci numbers for indicator settings + How to draw Fibonacci Extensions
An easy trick for drawing Support & Resistance

Re: MT4 Trading Utilities, Chart Tools & Add-ons

130
Jimmy wrote: Thu Nov 23, 2017 12:46 am Here is a nice lightweight indicator by Mladen called iClock which can be used to display different candle and bar times remaining.

To add more than one, just add another iClock indicator to your chart and add an additional number or character to the "UniqueID" section in the indicator's options.
So instead of iClock1 name it to iClock2 etc.
You can then stack the displays above each other. Positioning is totally customizable.


EURUSDM15iclock1.png
iClock.mq4
Thank you my dear
The Lord protects you
You can modify this indicator works for the hour only, because it is originally for another indicator. I've hidden the cursor and set it to display the clock window below the graph . Greetings to all
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mr12323, In2Blues, SijjiN


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