Help me with Trendline Indicator ( Picture Attached )

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Hello all,

I’m a total newbie in mq4 programming and this is my first post in this forum. I found a simple rare scalping technique.
For manual setup, I draw the trendline by manual. This image should be the trading setups.

I would like to ask help from my master programmer friends here to create this trendline setups.
I’ve try programming language Array, iBarShift(Symbol() & iHighest, iLowest, etc. but still no luck.

The explanation of the indicator setups is shown below.
Should any missing information shown, please do inform me.

Thanks in advance.

 

Hi

It seems a new concept--congratulations
But i did not get for what purpose u did draw a T/L between 02:00 (H) or (L) and the point 50%--

Would u try to show it on a currency chart

Thanks again

 
Hi Chehab,

This method are base on short time frame scalping.
example:

EU, TF5, Manual Sell Setups

At 04:00, we want to see where is the CS close position ( either above/below 50% range )
if CS close below 50%, we are likely to OP sell only.

At 04:05, a trendline ( both ) will be drawn by the indicator

Trendline Top to 50% range is our Barrier / SL alert for sell position.
SL 5pips above range high, TP max at level "Possible Downtrend profit" or at range low. I prefer 10-15pips

The same concept also apply for buy position with using trendline Low to 50% range.

Hope you get the picture of this explanation.

I do hope our friends here can contribute some coding for our sharing. Thanks.
 
Hello my friends,

any helps?
 

H

Something like this

void MarkItDownX(int iBackBars, int iForwardBars)
{
 // Other free stuff at http://www.selectfx.net/free_stuff_menu.htm
 int iHighIndex, iLowIndex;
 double dHi, dLo;
 datetime dtStart, dtEnd;


  // Get high/low of last n periods 
  iHighIndex = iHighest(NULL, PERIOD_M5, MODE_HIGH, iBackBars, 1);
  iLowIndex =   iLowest(NULL, PERIOD_M5,  MODE_LOW, iBackBars, 1);
  
  dHi = iHigh(NULL, PERIOD_M5, iHighIndex);
  dLo  =  iLow(NULL, PERIOD_M5, iLowIndex);
  
  dtStart = TimeCurrent()-(iBackBars*300); // n*5 min bars
  dtEnd   = TimeCurrent()+(iForwardBars*300); // n*5 min bars
 
 sstrCurrentUpLine = "X UP " + TimeToStr(TimeCurrent()); // Set current active line name
 sstrCurrentDownLine = "X DN " + TimeToStr(TimeCurrent());
 
 ObjectCreate(sstrCurrentUpLine, OBJ_TREND, 0, dtStart, dLo, dtEnd, dHi);
 ObjectSet(sstrCurrentUpLine, OBJPROP_COLOR, Red);
 ObjectSet(sstrCurrentUpLine, OBJPROP_STYLE, STYLE_SOLID);
 ObjectSet(sstrCurrentUpLine, OBJPROP_WIDTH, 2);
 ObjectSet(sstrCurrentUpLine, OBJPROP_RAY, False);

 ObjectCreate(sstrCurrentDownLine, OBJ_TREND, 0, dtStart, dHi, dtEnd, dLo);
 ObjectSet(sstrCurrentDownLine, OBJPROP_COLOR, Blue);
 ObjectSet(sstrCurrentDownLine, OBJPROP_STYLE, STYLE_SOLID);
 ObjectSet(sstrCurrentDownLine, OBJPROP_WIDTH, 2);
 ObjectSet(sstrCurrentDownLine, OBJPROP_RAY, False);
 
  

}

but you will need this at the top of the EA to store the line names

static string sstrCurrentUpLine, sstrCurrentDownLine;


and to only call it once every 2 hours

Then use something like this to get the current positions of the latest, i.e. 'active' lines...

      dUpLine = ObjectGetValueByShift(sstrCurrentUpLine, 0);

      dDownLine = ObjectGetValueByShift(sstrCurrentDownLine, 0);

FWIW

-BB-

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