NO LINKS OR MQL SOURCE CODE REQUESTS. Please follow the rules.

Re: MT4 Indicator requests and ideas

#1701
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
It is one of the (incorrect) value chart variations


Re: MT4 Indicator requests and ideas

#1703
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
Please, can you post the Point of Balance indicator, preferred in mq4.

Thanks in advance.

Re: MT4 Indicator requests and ideas

#1704
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

Re: MT4 Indicator requests and ideas

#1705
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
natsuya

That is a classical stochastic alert
Please check this thread : Stochastic indicators ... and use some of the indicators that are already working like that


Re: MT4 Indicator requests and ideas

#1707
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.
Yes it will be posted in "Various Indicators" thread
Indicator is just a tool.

Use it only if it can benefit you. Leave it if you don't know how to use it optimally.


  1. Similar Topics

    1. Support Resistance strategy & Ideas

      19 Replies 7756 Views

      by sal, Sun Jul 18, 2021 10:29 pm in Trading Systems

      19 Replies
      7756 Views
    2. Any ideas which "Volume" this is?

      7 Replies 1170 Views

      by ionone, Mon Jan 17, 2022 1:09 am in MT4 Indicators

      7 Replies
      1170 Views
    3. Forex News Indicator MT4 and MT5

      3 Replies 1907 Views

      by pruso, Thu Aug 26, 2021 8:14 pm in Commercial Services

      3 Replies
      1907 Views

Return to “MT4 Indicators”

Users viewing this forum: alexm, BernieL, CommonCrawl [Bot], dwenblade, Facebook [Crawler], Majestic-12 [Bot], morky1966, Mrs.Watanabe, Ogee, Skyold, TheJurgFX, Tradehunter, 太虚一毫 and 77 guests