Thank you so much Mladen for mtf version
but after that... nothing much.
The 'concept' is good one: alerting on successive higher/highs... lower/lows
but coding it is problematic I'm sure...
The 'goal' was to alert me when the price action was bumping the Daily Hi/Lo...
and the same with bumping each 4H Hi/Lo..
it's what I do anyway...
but the alerts would help with the long periods of 'monitoring' for the 'moments' of entry/exit.
If it could be accomplished with a completely different indicator... that would work too.
The only thought I had was when alerts (coding) is linked to color changes...
I know there is no 'color change' involved in the Mikko... but the 'concept' may help
trigger a different coding solution from another angle of thought.
as always... I appreciate your thoughts/ideas and effort on this.
What does the "price was bumping the daily hi/lo" mean?
If it means that there is a new high or new low, if the indicator would alert on each change of either high or low it would end up alerting a lot of times in some case (on each tick making new high or low), and that is hardly a goal of an alert
First.. thanks for thinking/responding...
I acknowledge what you are saying mladen... I do.... especially at the 'start' of large tf 'candle'..
Price action is (at that time) like a ping-pong ball trapped between 2 opposing walls... lots of 'alerts'..
as the walls separate.. you get less and less alerts... but that's where my opportunities lie..
in other words
Each candle 'builds' itself across time... the longer the tf the better it works... in my strategy,
each candle (4H...sidney candle; tokyo candle; london candle; nyc candle etc. ) has a minimum average RANGE it must achieve between it's HI and it's LO.
I anticipate HOW it is going to complete/achieve it's minimum RANGE as it builds itself across it's period.
In a 'perfect' world... once it has established it's top... it (therefore) must establish it's bottom to achieve a minimum range.... the problem is therefore WHERE/WHEN in the 'life' of that candle are those 2 points going to be achieved... the probabilities start to reveal themselves as the candle develops going forward.
To have an alert set to monitor until the FIRST point (the entry) establishes itself would be very helpful to set w/ tight stops then reset if necessary until it's established.
then of course
the opposing alert is going to be hit (bumped) progressively until point TWO achieves the minimum Range (the exit).
This is NOT something I thought I would 'try'... it's what I do and very much works for me.. the alerts would make it much easier.
Does this make sense to you?
A simple current Daily Hi/Lo indicator w/ alert is really all it is/am trying to accomplish...
as always to both of you...
thanks for taking the time
It seems that you need a simple high low indicator
Quite a few of them laying around. I guess one will suite your needs too
the MTF Mikko I posted does a great job for flexible hi/lo indicator
I have found nonewith alerts... that's the problem... are you aware of any mladen?
please mtf version
I hope to achieve My request
Please. When increasing the thickness of the line for this indicator and change TIME FRAME for Itpt font size
I want to fixed the font size of the indicator and for example, 3. Nor changed by changing TIME FRAME
That is a decompiled code
marem2000,this is K.Dittmann indi...do not waste Yours time...! http://www.forexpeacearmy.com/forex-forum/scam-alerts-folder/13892-karl-dittman-scam-beware.html
interesting how people are buying just because some scammer chose a German name