Multi Timeframe Indicators - page 142

TheRumpledOne
2181
TheRumpledOne  

You need to read this thread:

https://www.mql5.com/en/forum/178256

TheRumpledOne
2181
TheRumpledOne  

I changed the indicators to show all periods.

CAN is the candle color.

BIAS is an indicator that displays whether you should go long (aqua), go short (magenta) or wait (other colors).

CTL displays who is in control sellers(red), buyer(green) or no one (yellow).

Files:
TheRumpledOne
2181
TheRumpledOne  

I combined the work of mladen and Codersguru into one indicator.

My goal is to have one multi time frame indicator that allows the user to load up multiple indicators via inputs and eliminate the need for most coding.

I have done this already on TradeStation and eSignal.

I look forward to other people enhancing this.

Files:
tro_sak.zip 40 kb
BigBaloo
88
BigBaloo  

Trend Indi

Here's one that works.

TheRumpledOne
2181
TheRumpledOne  
BigBaloo:
Here's one that works.

Yes, FerruFX has written some great code.

But, as a trader, you are restricted to the hard coded indicators.

What I am doing is SOFT CODING everything so the user can tune the indicator to their liking.

fxbs
3203
fxbs  

thanks 4 sharing, Baloo!

Good job, TRO! your work much appreciated

fxbs
3203
fxbs  

speaking of wich, some enhancements in Bollsqueeze

BigBaloo
88
BigBaloo  

Missing the point.

TheRumpledOne:
Yes, FerruFX has written some great code.

But, as a trader, you are restricted to the hard coded indicators.

What I am doing is SOFT CODING everything so the user can tune the indicator to their liking.

Hard coding/Soft coding...is not the point.

Some years ago I spent twelve weeks in the trading room of a large, International bank in London.

It taught me plenty. One thing it drove home, was that as private 'at home' traders we do not have access to the technology, or support that the pro's have. There's no chief trader to hold our hand, or scream out buy/sell demands. Nor do we have the 'in house' trading software/news feeds they benefit from.

What we do have - and this comes right from the mouth of the bank's chief trader - is this.

"In the day's when FX trading was a 'Gentleman's' pastime, when trades were made over the 'phone, & state of the art technology was the 'tic-a-tape'

ALL traders used the Indies available to you...MA's. Progress introduced other's, & I'm sure you all know, & probably use them, so I 'm not going to run through them.

THESE INDICATOR'S ARE AS GOOD NOW, AS THEY EVER WERE.

All that has changed is the way you must use them.

You cannot expect to get in at the start, or out at the end of a trend. That's for the us - we make & we break the trends. You can only ever hope to get in when the trend is established, & out before a) We know you are there, & b) before we start heading for the door. To do anything else will be to throw your money away"

I asked him what I should do to implement his advice...this was his reply.

" Use the good old, tried & tested indicators. Establish a trend, jump in, grab a handful, and get out. Watch as many pairs as you can, and wait for the trend. DO NOT FINE TUNE ANYTHING ( my caps ) you will trip yourself up, and/or become a nervous wreck.

Remember, You have the best stop's available, you eye's...always use a TP, & make it small. If you rely on your 'mouse' to get out, you're dead before you start. You don't have the same 'access' as we do, nor do you have the same liquidity.

You also have to fight a spread, we do not (which means we will be heading for the door way before you. Keep TP small)

We deal with each other, fairly. You deal with 'Bucket' shop's, whatever else they may call themselves, & they want your money."

I followed his advice...and have never looked back. It's payed for three aircraft, my kids education, and a ski lodge here. It works

If you wonder why I trawl these forum's, it's simple. There are many coders

out there, but only a few are really good. Most of them are on this forum, & I'm always looking for new ways of presenting old ideas. It may be a completely new view, or something as simple as less CPU drain. Whatever...if I can use it I will, with or without source code.

It may be as well to remember that source codes are intellectual property. Should the coder not disclose his source & anyone break it, & we all know it isn't difficult, they would technically be in breech of international law.

Impossible to police on the internet, I know, which is why so many do it. But not so on forums. Moral responsibility, self control & discipline should prevent it...if not, we always have our moderators!

TheRumpledOne
2181
TheRumpledOne  
BigBaloo:
Hard coding/Soft coding...is not the point.

Some years ago I spent twelve weeks in the trading room of a large, International bank in London.

It taught me plenty. One thing it drove home, was that as private 'at home' traders we do not have access to the technology, or support that the pro's have. There's no chief trader to hold our hand, or scream out buy/sell demands. Nor do we have the 'in house' trading software/news feeds they benefit from.

What we do have - and this comes right from the mouth of the bank's chief trader - is this.

"In the day's when FX trading was a 'Gentleman's' pastime, when trades were made over the 'phone, & state of the art technology was the 'tic-a-tape'

ALL traders used the Indies available to you...MA's. Progress introduced other's, & I'm sure you all know, & probably use them, so I 'm not going to run through them.

THESE INDICATOR'S ARE AS GOOD NOW, AS THEY EVER WERE.

All that has changed is the way you must use them.

You cannot expect to get in at the start, or out at the end of a trend. That's for the us - we make & we break the trends. You can only ever hope to get in when the trend is established, & out before a) We know you are there, & b) before we start heading for the door. To do anything else will be to throw your money away"

I asked him what I should do to implemnt his advice...this was his reply.

" Use the good old, tried & tested indicators. Establish a trend, jump in, grab a handful, and get out. Watch as many pairs as you can, and wait for the trend. DO NOT FINE TUNE ANYTHING ( my caps ) you will trip yourself up, and/or become a nervous wreck.

Remember, You have the best stop's available, you eye's...always use a TP, & make it small. If you rely on your 'mouse' to get out, you're dead before you start. You don't have the same 'access' as we do, nor do you have the same liquidity.

You also have to fight a spread, we do not (which means we will be heading for the day way before you. Keep TP small)

We deal with each other, fairly. You deal with 'Bucket' shop's, whatever they call themselves, & they want your money."

I followed his advice...and have never looked back. It's payed for three aircraft, my kids education, and a ski lodge here. It works

If you wonder why I trawl these forum's, it's simple. There are many coders

out there, but only a few are really good. Most of them are on this forum, & I'm always looking for new ways of presenting old ideas. It may be a completely new view, or something as simple as less CPU drain. Whatever...if I can use it I will, with or without source code.

It may be as well to remember that source codes are intellectual property. Should the coder not disclose his source & anyone break it, & we all know it isn't difficult, they would technically be in breech of international law.

Impossible to police on the internet, I know, which is why so many do it. But not so on forums. Moral responsibility, self control & discipline should prevent it...if not, we always have our moderators!

Thanks for sharing.

BigBaloo
88
BigBaloo  

No problem Bub

He also told me this:

It might not translate too well this side of the 'Pond' but I think you will get the meaning.

" There was once a young fella, went out a got himself a big 'ol leaking, broken down boat. He moved it to a crick near his home & started work on it. The plan being to renovate it & to sail round the world.

Slowly, very slowly he made progress. Until one day it was finished.

At which point he discovered he had lost his dream, he was too old to sail around world...he sold his dream & eventually died a bitter old man."

You are keen to do coding...my suggestion is this.

Don't let the guy's on these forum's go down the same road.

They already have all the indicators they need. Concentrate on coming up with a really good trend indicating system that will allow the in/out approach. 'Traffic lights' 'Slot machine' type indies, with definate 'get in/get out' signals are what is needed...not more indicators.

Later