hello friends..can you all help me to convert MTF and can work latest updates MT4.
Updated nonlag zigzag : nonlagzigzag_v4_mod-mtf_nmc.mq4
Original was posted here : https://www.mql5.com/en/forum/173574/page399
Thank you very much Mladen for mtf version Really appreciated
but i see not same indicator zigzag ball.
hope you can help me to edit add MTF at zigzag ball
thanks you so much sir..
ZigZag ball is exactly the same as standard zigzag (except that it uses those smileys for showing the peaks and valleys) so you can use any regular zigzag instead
ok thanks mladen....
Strech Breakout Channel & Strech
The Stretch is calculated by taking the 10 period SMAof the absolute difference between the open and either the high or low, whichever difference is smaller. It represents the minimum average price movement/deviation from the open price during a period of time, and that value is used to calculate breakout thresholds for the current trading session. This can be used to plot a multitimeframe breakout channel.
The Opening Range Breakout (ORB) Trading Strategy
Using this strategy, the trader places a buy stop just above the open price plus the Stretch and a sell stop just below the open price minus the Stretch. The first stop triggered enters the trader into the trade and the other stop becomes the protective stop.
An ORBP trade is a one sided Opening Range Breakout (ORB) trade. If other technical indicators show a strong trend in one direction then the trader will exercise a preference for the direction in which to trade the ORB trade. A stop to open a position would be placed on the side of the trend only and if filled a protective stop would then be placed. The calculation of where to place the "stop to open" would be the same as that for the ORB trade: For longs, the Open price plus the Stretch and for shorts the Open price minus the Stretch.
Compatible with MT4 Build 600+
NOTE : Need installed Strech indicator.
Thank you mladen. I'll go for it.
Hv a great week ahead!
Guppy MMA oscillator mtf from here: https://www.mql5.com/en/forum/173574/page246 made new mt4 compatible.
GWTriDiff_mtf+arrows+alerts from here: https://www.mql5.com/en/forum/173574/page329 updated to be compatible with new mt4 builds.