I use throughout the day 5min, 10min, 15min and 1 hour chart, that inage is just from an e book I have but it was just to demonstrate what I am trying to achieve.
I think maybe I need to get a new indicator made? at the moment I manually adjust horizontal lines each time the price has made a new high or low for that particular day, I go of the close of the lowest or highest candle.
You could try using the fractal indicator to tell you the High and low points and then use the line draw through the close on a low and line draw through the open on a high.
The fractal indicator need not be displayed. I have only glanced at this discussion and not interested in going further sorry.
It does almost exactly what I require, but it using the full movement of the candle, I am only interested in the close of the candles to plot the lowest and highest price of the day. I need the indicator to disregard the shadow of the candle.
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what TF do u looking at
I use throughout the day 5min, 10min, 15min and 1 hour chart, that inage is just from an e book I have but it was just to demonstrate what I am trying to achieve.
Thanks
Antony
Basically, the red line is what I am trying to achieve and the black line is what the indicator is currently doing :(
Thanks
look @ the daily chart (it's not supposed to be a daily HL)
ah now I see :(
I think maybe I need to get a new indicator made? at the moment I manually adjust horizontal lines each time the price has made a new high or low for that particular day, I go of the close of the lowest or highest candle.
I am trying to automate this with that indicator.
Unless you have any ideas?
Sorry I am useless with coding :(
Thanks again
Antony
Hi again,
I came accross this indicator:
//+------------------------------------------------------------------+
//| Igrok.mq4 |
//| Andrei Andreev |
//| http://www.andand.ru/ |
//+------------------------------------------------------------------+
// BASED ON:
//+------------------------------------------------------------------+
//| ^X_Sensors.mq4 |
//| Version 2.0.1 |
//|------------------------------------------------------------------|
//| Copyright © 2007, Mr.WT, Senior Linux Hacker |
//| http://w-tiger.narod.ru/wk2/ |
//+------------------------------------------------------------------+
#property copyright "Andrei Andreev"
#property link "http://www.andand.ru/"
#property indicator_chart_window
extern int ForDays=10;
extern int _Shift = 20;
extern color _R_Color = Crimson;
extern color _S_Color = Gold;
int _N_Time, _My_Period, ObjectId;
string OBJECT_PREFIX = "LEVELS";
//-------------------------------------------------------------------------------------------
int init() {
_My_Period=PERIOD_D1;
_N_Time = 0;
ObjectCreate("S1 line", OBJ_TREND, 0, Time[_Shift], 0, Time[0], 0);
ObjectCreate("R1 line", OBJ_TREND, 0, Time[_Shift], 0, Time[0], 0);
ObjectCreate("R2 line", OBJ_TREND, 0, Time[_Shift], 0, Time[0], 0);
ObjectSet("S1 line", OBJPROP_RAY, 1);
ObjectSet("S1 line", OBJPROP_STYLE, STYLE_DASH);
ObjectSet("S1 line", OBJPROP_COLOR, _S_Color);
ObjectSet("R1 line", OBJPROP_RAY, 1);
ObjectSet("R1 line", OBJPROP_STYLE, STYLE_DASH);
ObjectSet("R1 line", OBJPROP_COLOR, _R_Color);
ObjectSet("R2 line", OBJPROP_RAY, 1);
ObjectSet("R2 line", OBJPROP_STYLE, STYLE_DASH);
ObjectSet("R2 line", OBJPROP_COLOR, _R_Color);
ObjectCreate("R1 label", OBJ_TEXT, 0, Time[0], 0);
ObjectCreate("R2 label", OBJ_TEXT, 0, Time[0], 0);
ObjectCreate("S1 label", OBJ_TEXT, 0, Time[0], 0);
ObjectId = 0;
return(0);
}
//-------------------------------------------------------------------------------------------
int deinit() {
ObjectDelete("R1 label");
ObjectDelete("R1 line");
ObjectDelete("R2 label");
ObjectDelete("R2 line");
ObjectDelete("S1 label");
ObjectDelete("S1 line");
ObDeleteObjectsByPrefix(OBJECT_PREFIX);
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start() {
if ( _N_Time == Time[0] ) return(0);
double open,close, high, low, koeff1, koeff2,P, R1, R2, S1;
double _rates[][6];
double AverageRange;
ArrayCopyRates(_rates, NULL, _My_Period);
int err = GetLastError();
if(err == 4066) {
Sleep(1000);
if(iClose(NULL, _My_Period, 0) != Close[0]) {
Sleep(1000);
return(0);
}
}
close = _rates[1][4];
high = _rates[0][3];
low = _rates[0][2];
open = _rates[0][1];
AverageRange=0;
for (int i=1;i<ForDays+1;i++)
{
AverageRange=AverageRange+(_rates[i][3]-_rates[i][2])/Point;
}
AverageRange=NormalizeDouble(AverageRange/ForDays,0);
Comment("\nÄèàïàçîí:",
"\nÑåãîäíÿ: ",(high-low)/Point,
"\nÂ÷åðà: ",(_rates[1][3]-_rates[1][2])/Point,
"\nÑðåäíèé: ",AverageRange," çà ",ForDays," äíåé");
S1 =open;
R1 =low;
R2 =high;
string s1,r1,r2;
s1 = DoubleToStr(S1, Digits);
r1 = DoubleToStr(R1, Digits);
r2 = DoubleToStr(R2, Digits);
//---- Pivot Lines
ObjectSetText("R1 label", " Min "+r1+"", 8, "Fixedsys", _R_Color);
ObjectSetText("R2 label", " Max "+r2+"", 8, "Fixedsys", _R_Color);
ObjectSetText("S1 label", " Open "+s1+"", 8, "Fixedsys", _S_Color);
ObjectMove("R1 label", 0, Time[0], R1);
ObjectMove("R2 label", 0, Time[0], R2);
ObjectMove("S1 label", 0, Time[0], S1);
ObjectMove("S1 line", 0, Time[_Shift], S1);
ObjectMove("S1 line", 1, Time[0], S1);
ObjectMove("R1 line", 0, Time[_Shift], R1);
ObjectMove("R1 line", 1, Time[0], R1);
ObjectMove("R2 line", 0, Time[_Shift], R2);
ObjectMove("R2 line", 1, Time[0], R2);
//====
_N_Time = Time[0];
//---- End Of Program
return(0);
}
//+------------------------------------------------------------------+
void ObDeleteObjectsByPrefix(string Prefix)
{
int L = StringLen(Prefix);
int i = 0;
while(i < ObjectsTotal())
{
string ObjName = ObjectName(i);
if(StringSubstr(ObjName, 0, L) != Prefix)
{
i++;
continue;
}
ObjectDelete(ObjName);
}
}
//-------------------------------------------------------------------------------------------
You could try using the fractal indicator to tell you the High and low points and then use the line draw through the close on a low and line draw through the open on a high.
The fractal indicator need not be displayed. I have only glanced at this discussion and not interested in going further sorry.
It does almost exactly what I require, but it using the full movement of the candle, I am only interested in the close of the candles to plot the lowest and highest price of the day. I need the indicator to disregard the shadow of the candle.
Thanks
Antony
i send u a PM
You only need to adjust what the fractal indicator code uses for its calculations. I will leave it to the capable mind of qjol