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you the one who knows , but i have a picture of a template of bands which shows the bands i want .
i may have observed wrongly the way the bands should work , but can you please watch the picture and tell me how it works .
Please can you make the template in the picture , or the band .
ThanksI have been sent this and the sender allowed posting. So here is a template that generates what you see on the picture you posted (see the current example) :
Hi,
I realized in metastock 2 formulas for automatic fibo levels:
one for supp
one for res
Mladen coded one for supp and it is ok.
I ask if someone can code formula for res......and obviously it is different from sup because you consider the same high-low of a swing but different mathematical relationship....I hope it is now much clear!
Please see my image:
this is my formula for fibo res levels (red levels in previous image):
hi:=HHV(H,60);
lo:=LLV(L,30);
BeginPlot:=C>0;
ValueWhen(1,BeginPlot,(hi-(hi-lo)*.214));
ValueWhen(1,BeginPlot,(hi-(hi-lo)*.382));
ValueWhen(1,BeginPlot,(hi-(hi-lo)*.5));
ValueWhen(1,BeginPlot,(hi-(hi-lo)*.5858));
ValueWhen(1,BeginPlot,(hi-(hi-lo)*.618));
ValueWhen(1,BeginPlot,(hi-(hi-lo)*.764));
lo;
HI;
as you can see, I write for example 0.214 to obtain resistence 78.6%......or 0.764 to obtain resistance 23.6%.....ok?
thank's in advance.....
this is my formula for fibo res levels (red levels in previous image):
hi:=HHV(H,60);
lo:=LLV(L,30);
BeginPlot:=C>0;
ValueWhen(1,BeginPlot,(hi-(hi-lo)*.214));
ValueWhen(1,BeginPlot,(hi-(hi-lo)*.382));
ValueWhen(1,BeginPlot,(hi-(hi-lo)*.5));
ValueWhen(1,BeginPlot,(hi-(hi-lo)*.5858));
ValueWhen(1,BeginPlot,(hi-(hi-lo)*.618));
ValueWhen(1,BeginPlot,(hi-(hi-lo)*.764));
lo;
HI;
as you can see, I write for example 0.214 to obtain resistence 78.6%......or 0.764 to obtain resistance 23.6%.....ok?
thank's in advance.....carbonmimetic
This would be a fibo resistance according to your description and parameters
Hello,
I need to add FIFO to an excellent EA. How do I add this?
Thanks.
Paul
Hello,
I need to add FIFO to an excellent EA. How do I add this?
Thanks.
PaulDifficult to explain how it is done without the EA code (at least an example EA code)
carbonmimetic This would be a fibo resistance according to your description and parameters
YEEEESSSSSSSSSSSS.....all right...thank you very much!!!!!!
YEEEESSSSSSSSSSSS.....all right...thank you very much!!!!!!
No big deal
Happy trading
Hi, i find this indicator very useful but the indicator updates only when i switch the timeframe. can someone change the indicator so, that automatically updates when their is a new bar on the chart? thx
multi_tf_bb__alert_ver2.mq4
I found the indicator on this threat -> https://www.mql5.com/en/forum/173534
No big deal Happy trading
ALL your indis you coded for me , are Big GIFT because I use them on other softwares (as I said before in other posts) and now all on metatrader.
So.....when you have time...can you code these 2 formulas at https://www.mql5.com/en/forum/177239
post n°463 and 467
input for colours
when formula is true,indicator gives result 80,when is false gives 20....this because I draw them on stochastic....see my image in those posts.
Thank's Mladen....BIG CODER!