MicroLite wrote: ↑

Mon Jul 10, 2017 5:11 pm

sal wrote: ↑

Mon Jul 10, 2017 4:34 pm

experts,
Any idea about this indicator?. Do have similiar like this!!. please share.
here i have code , but not sure it is in MT4..

//parameters :
//ExtDepth = 5
//Overbought = 8
//SlightlyOverbought = 6
//Oversold = -8
//SlightlyOversold = -6

if barindex>ExtDepth then
sumHigh = summation[ExtDepth](high)
sumLow = summation[ExtDepth](low)

floatingaxis = 0.1 * (sumHigh+sumLow)
volatilityunit = 0.04 * (sumHigh-sumLow)

vcOpen = ((open-floatingaxis) / volatilityunit)
vcClose =((close-floatingaxis) / volatilityunit)
vcHigh = ((high-floatingaxis) / volatilityunit)
vcLow = ((low-floatingaxis) / volatilityunit)

if vcClose>vcOpen then
DRAWCANDLE(vcOpen,vcHigh,vcLow,vcClose)coloured(10,240,10) bordercolor(0,200,0)
else
DRAWCANDLE(vcOpen,vcHigh,vcLow,vcClose)coloured(240,10,10) bordercolor(200,0,0)
endif

if vcLow<Oversold and vcClose>SlightlyOversold then
DRAWARROWUP(barindex,vcLow-0.5)coloured(10,255,10)
endif

if vcHigh>Overbought and vcClose<SlightlyOverbought then
DRAWARROWDOWN(barindex,vcHigh+0.5)coloured(255,10,10)
endif
endif

RETURN Overbought COLOURED(250,250,250) STYLE(DOTTEDLINE,1) as "overbought area", SlightlyOverbought COLOURED(250,250,250) STYLE(DOTTEDLINE,1) as "slightly overbought area", Oversold COLOURED(250,250,250) STYLE(DOTTEDLINE,1) as "oversold area", SlightlyOversold COLOURED(250,250,250) STYLE(DOTTEDLINE,1) as "slightly oversold area"

Looks like value chart
Try this

mladen wrote: ↑

Mon Jul 10, 2017 6:35 am

shiva12 wrote: ↑

Mon Jul 10, 2017 3:49 am

thank you so much dear mladen ...

shiva12

That was mrtools answering

mntiwana wrote: ↑

Mon Jul 10, 2017 11:58 am

uvoo7 wrote: ↑

Mon Jul 10, 2017 11:04 am

@mntiwana
I have no idea about that. Got this indicator a few days back from a friend. Liked the concept.
The main thing is whether it can be done ?

Point of balance is some way in that style closer to it but experts can better guide you

natsuya wrote: ↑

Mon Jul 10, 2017 9:08 pm

Hell Mr.mladen and all traders.
I am looking for basic stochastics indicator with alert(sound and email).

When %K line(green line) below 80...Sell signal.
and When %K line is above 20...Buy signal.

Does anyone know this indicator?

Best regards

sto.png

MaxTorque wrote: ↑

Mon Jul 10, 2017 8:31 pm

mntiwana wrote: ↑

Mon Jul 10, 2017 11:58 am

Point of balance is some way in that style closer to it but experts can better guide you

Please, can you post the Point of Balance indicator, preferred in mq4.

Thanks in advance.

MaxTorque wrote: ↑

Mon Jul 10, 2017 8:31 pm

mntiwana wrote: ↑

Mon Jul 10, 2017 11:58 am

Point of balance is some way in that style closer to it but experts can better guide you

Please, can you post the Point of Balance indicator, preferred in mq4.

Thanks in advance.