Elite indicators :) - page 538

Mladen Rakic
151205
Mladen Rakic  

Rapid Rsi with pivot lines ...

This indicator https://www.mql5.com/en/forum/174385/page31 but changed to use rapid Rsi for calculation and with an addition of price filtering (for the rest of the description please read the post from the link) :

dasio
394
dasio  
dasio:
Mladen i attach an image that can explain what i need.

Let assume that i put a 10 pips range like renko bar. The difference is that the indicator have to calculate it from new high or new low if the candle is not close.

It is not necessary the past chart. The live is sufficient

Waiting your reply,

Thank you

Can i have a reply about my request? otherwise I organize myself in any other way.

Thank you for your disponibility.

Mladen Rakic
151205
Mladen Rakic  

...

dasio

There are 2 problems :

    [*=1]a problem of start in time : since that would not be a "standard time" data it depends on a starting point and, the same way as renko does, it would make it change current values too (name it any name but the essence is that it would change current values on time frame changes, symbol changes, restart ...)

    [*=1]if it is to be restricted to certain sizes, it has to be an offline chart. "Cutting" a bar when it exceeds some value is not enough to make it work for next period and the again comes in the first point as an additional burden to it

The first point is, for example, a reason I do not use renko charts and it is the main reason why I did not start making this either. I had a few unfortunate episodes (the centered TMA, SSA, Hodrick/Prescott filter for example) that made me regret making recalculating stuff and that made me decide not to do it again (since I simply do not have time to tell over and over that recalculating stuff can not be used the usuall way). This way (by not making that kind of code) I am not forced to explain anything why a recalculting stuff needs different approach and quite frankly it makes me calmer in a lot of situations

I wish a pleasant weekend to all

dasio:
Can i have a reply about my request? otherwise I organize myself in any other way. Thank you for your disponibility.
dasio
394
dasio  
mladen:
dasio

There are 2 problems :

    [*=1]a problem of start in time : since that would not be a "standard time" data it depends on a starting point and, the same way as renko does, it would make it change current values too (name it any name but the essence is that it would change current values on time frame changes, symbol changes, restart ...)

    [*=1]if it is to be restricted to certain sizes, it has to be an offline chart. "Cutting" a bar when it exceeds some value is not enough to make it work for next period and the again comes in the first point as an additional burden to it

The first point is, for example, a reason I do not use renko charts and it is the main reason why I did not start making this either. I had a few unfortunate episodes (the centered TMA, SSA, Hodrick/Prescott filter for example) that made me regret making recalculating stuff and that made me decide not to do it again (since I simply do not have time to tell over and over that recalculating stuff can not be used the usuall way). This way (by not making that kind of code) I am not forced to explain anything why a recalculting stuff needs different approach and quite frankly it makes me calmer in a lot of situations

I wish a pleasant weekend to all

Thank you for your reply, but i know this issue. However i think it can be useful. I

I do not need the past. Also because my intention is to start it when I think we are near a Low or a high.

In this way would be useful to filter the laterality Until confirmed and would be useful for the continuation of the trend.

It is not necessary the rule of Renko for the construction of the bar against trend. This must be constructed as the other

You could try to program it or not?

Thank you

Gramski
419
Gramski  

Hello Mladen,

Would it be possible to modify the MT5 version of the High-Low activator to an MTF version with alerts (same as the attached MT4 version)?

Many thanks,

Gramski.

(P.S this really works well on 4hr with a Lb period of 8- very much appreciated)

Mladen Rakic
151205
Mladen Rakic  

High low activator - multi time frame ...

Gramski

Here you go

Gramski:
Hello Mladen,

Would it be possible to modify the MT5 version of the High-Low activator to an MTF version with alerts (same as the attached MT4 version)?

Many thanks,

Gramski.

(P.S this really works well on 4hr with a Lb period of 8- very much appreciated)
Spurious
15
Spurious  

Henderson's filter slope made as histo indicator

Mladen

In post #5108 you posted the "Henderson's filter slope" made as a histo indicator. Could you please post the Henderson's filter slope indicator. I would like the indicator as it appears on the chart (as shown beow) & not as a histogram in the sub window.

Thanks

spurious

Files:
Mladen Rakic
151205
Mladen Rakic  

...

spurious,

This is the link to it (set the multi color to true and the color change will change with slope changes) : https://c.mql5.com/forextsd/forum/87/hendersons_filter_-_multi_color_amp_mtf.mq4

And, the usual reminder about it, please keep in mind that Hederson's filter is one of the recalculating ones and that color changes should not be used in a "signaling mode"

Spurious:
Mladen

In post #5108 you posted the "Henderson's filter slope" made as a histo indicator. Could you please post the Henderson's filter slope indicator. I would like the indicator as it appears on the chart (as shown beow) & not as a histogram in the sub window.

Thanks

spurious

traderduke
531
traderduke  

mladen

I'm testing this indicator/strategy in tradestation (TS) and the results look very good. It's called a "pivot reversal" in TS. I have searched all over the forex-tsd world for an indicator like it but to no avail.

The TS " SwingHigh" function is easy enough to do but it also uses the TS "pivot" function which is beyond my understanding. This strat and my Keltner strat are structured the same & they are TS provided strats. The "strength" input has unbelievable control over this indicator. TS has a "show me" indicator called Pivot high & Low which appears to have the programming steps.

The question: Is there or can you build a pivot reversal indicator in MT4??

So much for a quite afternoon

Thank for your help

Ray

Example: from the "PivotReversal" Strat

{----Long---}

if SwingHigh( 1, High, Strength, Strength + 1 ) -1 then

{ ie, if just confirmed SwHi }

begin

Setup = true ;

PivotHigh = High[Strength] ;

end

else if Setup and High >= PivotHigh + 1 point then

Setup = false ;

{ the High >= condition being true indicates that a buy must already have been

triggered at this bar so this setup has been used up and needs to be negated;

an example of a persisitent setup with an indefinite stop/limit trigger - setup

has to be negated after entry confirmed; also see Keltner Channel LE/SE and

PercentR LE/SE }

if Setup and marketposition = 0 or marketposition = -1 then

Buy ( "PivReva1LE" ) next bar at PivotHigh + 1 point stop ;

{---Short----}

if SwingLow( 1, Low, Strength, Strength + 1 ) -1 then

{ ie, if just confirmed SwLo }

begin

Setup = true ;

PivotLow = Low[Strength] ;

end

else if Setup and Low <= PivotLow - 1 point then

Setup = false ;

{ the Low <= condition being true indicates that a short must already have been

triggered at this bar so this setup has been used up and needs to be negated;

an example of a persisitent setup with an indefinite stop/limit trigger - setup

has to be negated after entry confirmed; also see Keltner Channel LE/SE and

PercentR LE/SE }

if Setup and marketposition = 0 or marketposition = 1 then

Sell Short ( "PivReva1SE" ) next bar at PivotLow - 1 point stop ;

end;

Mladen Rakic
151205
Mladen Rakic  

Ray

In this indicator : https://www.mql5.com/en/forum/180079 you already have a SwingHigh() and SwingLow() functions. PivotHigh and PivotLow in the code are simply high and low of the bar where the swing happened

traderduke:
mladen

I'm testing this indicator/strategy in tradestation (TS) and the results look very good. It's called a "pivot reversal" in TS. I have searched all over the forex-tsd world for an indicator like it but to no avail.

The TS " SwingHigh" function is easy enough to do but it also uses the TS "pivot" function which is beyond my understanding. This strat and my Keltner strat are structured the same & they are TS provided strats. The "strength" input has unbelievable control over this indicator. TS has a "show me" indicator called Pivot high & Low which appears to have the programming steps.

The question: Is there or can you build a pivot reversal indicator in MT4??

So much for a quite afternoon

Thank for your help

Ray

Example: from the "PivotReversal" Strat

{----Long---}

if SwingHigh( 1, High, Strength, Strength + 1 ) -1 then

{ ie, if just confirmed SwHi }

begin

Setup = true ;

PivotHigh = High[Strength] ;

end

else if Setup and High >= PivotHigh + 1 point then

Setup = false ;

{ the High >= condition being true indicates that a buy must already have been

triggered at this bar so this setup has been used up and needs to be negated;

an example of a persisitent setup with an indefinite stop/limit trigger - setup

has to be negated after entry confirmed; also see Keltner Channel LE/SE and

PercentR LE/SE }

if Setup and marketposition = 0 or marketposition = -1 then

Buy ( "PivReva1LE" ) next bar at PivotHigh + 1 point stop ;

{---Short----}

if SwingLow( 1, Low, Strength, Strength + 1 ) -1 then

{ ie, if just confirmed SwLo }

begin

Setup = true ;

PivotLow = Low[Strength] ;

end

else if Setup and Low <= PivotLow - 1 point then

Setup = false ;

{ the Low <= condition being true indicates that a short must already have been

triggered at this bar so this setup has been used up and needs to be negated;

an example of a persisitent setup with an indefinite stop/limit trigger - setup

has to be negated after entry confirmed; also see Keltner Channel LE/SE and

PercentR LE/SE }

if Setup and marketposition = 0 or marketposition = 1 then

Sell Short ( "PivReva1SE" ) next bar at PivotLow - 1 point stop ;

end;