oscillator of averages
Oscillator of averages in picture bottom indicator showing oscillator of non lag ma!
Hello Mr Tools...what is the oscillator you have in the first indicator window.
Use this one
This is not just a fibo indicator. It allows you to use any number of levels and those levels are not restricted to fibo levels. Parameter to use is the Levels: in it enter levels you want to be calculated separated by ";" (semicolon). By default it is set to levels 0.382, 0.618 and 1 (the one you are using is using 0.99 instead of 1). Levels are calculated as Pivot +- Level * ((Previous period high)-(Previous period low))
You can choose do you want to show mid levels or not. All the rest is more or less configurable through parameters. The one that is left out is the number of occurrences. Since it should show the historical fibos too, I decided to leave out the number of levels shown
I hope this covers these kind of indicators depending on period ranges now (since the calculation is not fixed and since the number of levels is not fixed I hope that everybody can find with correct range multipliers one that will suite the needs)
If I remember correctly, setting levels to 0.125,0.25,0.375,0.5,0.625,0.75,0.875 and 1 is going to draw Murray math lines for example, so even that is covered with this indicator
Thanks Mladen. Is it possible to make this Fibopivot 127 and 161.8?
Thanks for this good Fibopivot indicator. It looks good. I will forward-test it next week.
By the way, I would like to suggest the followings if you can add into this Fibopivot indicator:
1. Add alert sound whenever price touches R1, R2, R3, R4 or S1, S2, S3, S4?
2. Add 127.00 AND 161.8 Fibo extension ? I think that when price retraces to 50% or 61.8% before going up again, then, the indicator will automatically draw 127.00% and 161.8% fibo extension to the UPSIDE.
And when price retraces to 50% or 61.8% before going down again, then, the indicator will automatically draw 127.00% and 161.8% fibo extension to the DOWNSIDE.
So, there will be 2 fibo extensions of 127.00% and 2 fibo extensions of 161.8% (because the indicator will draw from both fibo retracement at 50% and 61.8%).
I think that is enough to help traders with clear visual chart of where to close a profitable trade at the fibo extension at 127.00% and 161.8%.
Thanks a lot
As far as additional levels are concerned just add 1.27 and 1.618 in the Levels parameter (no need to change anything in the code, everything is doable through parameters - the only deviation is that you do not enter it as % but as I described above)
Of alerts : will do it, but please define closer what does a "touch" mean? I ask that because in my experience a "perfect touch" is almost impossible and there must be some tolerance . Also, what happens in cases when the values are crossed? At some point it was touched, but should we wait for a close bar to declare a touch. And in cases when the price "dances" around some line it could be a lot of alerts
Thanks Mladen. Yes, allow some pips tolerance.
Yes, you are right.
The reason why I need sound alert when price goes up / down and touches R1, R2, R3, R4 or S1, S2, S3, S4 is that this sound alert will make traders pay attention to these key levels and look for a trade setup more easily (for example, sometimes, when feeling sleepy, or busy doing other things while trading, etc).
So, as long as price goes up/down and nearly touches these key levels, that's fine. Yes, we can allow 10 pips tolerance around R1/R2/R3/R4 or S1/S2/S3/S4. This sound alert is just like a reminder to make traders alert of some potential Sell (at Resistance) or Buy (at Support).
In addition, you can make the sound alert at Bar close or even Bar not yet close, that is fine. A lot of alerts are fine, because it will also tell traders how strong/weak at those key levels.
So, please make this function "Enable at external" and traders will select if to set this function True or False.
+ One final request, if you can make an automatic drawing of AB = CD like Harmonics on h1 and h4 into this Fibopivot indicator ? And other harmonics patterns that you can code into this good indicator ?
I noticed when just attaching this indicator on H1 and H4 that when price touches either Resistances or Supports, I could see the AB = CD Pattern for a potential Sell or Buy around Resistances or Supports.
This function will also help traders a lot in spotting a potential trade setup more quickly and visually.
Sorry to bother you a lot. But please try to help me.
Bollinger Bands Jurik Version
Can you tell me a good indication that draws an automatic trend line
Here is the version with alerts (alert are done on close price crossing any of the lines)
Ben its a squeeze version posted awhile back have since updated, before it was using Hull, now you have a choice of 9 different averages thanks to Mladen's averages . In the picture here it is using sine weighted ma, in the picture before method = 8 . And the 9 different ma methods are methodNames[ = SMA,EMA",SMMA,LWMA,LSMA,TriMA,SWMA,VWMA,HullMA, and NonLagMA
The dots are using Ssa of price which goes in indicators folder and dll file in experts/library!