Dear MLaden and mrTools,
Ok I have a challenge to develop and I seriously hope that one or both of you really can help me with the re-styling of the Aroon indicator.
So, basicly our starting point will be the indi MLaden suggest me to download, which I did.
Is it possible to adjust this indicator with next fixed levels directly showed when you plot the indi into the separate chart:
- 30 level
- 50 level
- 70 level
And given a long signal (pop-up and sound alert) when the green line will pass the 70 level and for short signal (pop-up and sound alert) when the red line will pass the 70 level.
Furthermore it should be helpful to give a flat ranging signal when both lines passes the 30 level.
A more convenient way to trade this indicator would to convert into histogram. So, the signals are much clear.
Above 70 level – Lime for long or red for short
Level between 70 and 50 = measure of weaking strength so it would be very welcome to change color into a darker green or tomato red e.g.
Both lines under 30 level – is ranging = yellow
Here the link how the Aroon should work.
Aroon indicator | Description, Calculations, Examples, Download - DodaCharts Forex & Stock Market : DodaCharts Forex & Stock Market
Thx a lot and I hope to hear from wether it can be done or not.
please, someone can add move up/down or vertical shift up/down for me. Thank you.
There is some confusion there when they describe Aroon indicator. Here is a quote :
Aroon never goes bellow 0
How can a vertical shift be added to this :
It marks the bar at which the conditions are meat and I don't think that a vertical shift is possible for that indicator.
Do you have any idea to add function shift up and down?
That indicator does not have that kind of possibility (it is not meant at all to be shifted vertically - it is simply coloring the bar at which the indicator indicates it should - those are simple high, low, open and close that are used for candle coloring and they can not be shifted)
Indeed this indicator never goes below 0 or above 100 but I think the indicator is built that way so you see the lines of minimum and maximum at max. Do you think you can change the working of the alerts? And make a histogram in bars in a separate window?
Thx and best regards Marco
Hi is it possibile to fix this multi time frame indicator? it is the ribbon mtf but look at the picture...
In metatrader 4 it is not possible (metatrader 4 histogram in a separate window is always 0 based and it will always draw a histogram value down to 0, so one can not just change the "chart" word to "separate" word and make it work in separate window the same way as it works in main window)
ok thanks, i got it.
But look at this indicator, the heiken ashi separate window. it seems like an artifice here. Isn't possibile to make the same work?