Daily Average Indicator - page 3

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Mr.Marketz:
Why not just use the ATR that comes stock with MT?

yes I agree. ATR simply the best...

 

good think

are you have setratigy that depend on that range

 

Hourly Opening Range

Closing Price (daily, hourly...) is considered an important point, as it defines the consensus price (or value area) beween the bulls and bears. Often, after the hourly close, the market decides to resume the trend or reverse in the opposite directon. This creates opportunity for scalping the market.

We define the hourly Opening Range (OR) as the Hi-Lo range of the first candle (M1, M5 or M15). On the attched chart OR is shown as the gray dashed lines. To avoid false breakouts we add [e.g. 2-PIPs] buffer above & below the OR, which give us the entry levels (green and red dashed lines).

We place a trade when the market breaks-out from the opening range and closes above/below the OR plus the buffer. I.e. we enter a long trade above the green dashed line; and a short position below the red dashed line.

Once we have an open position, we have four target levels (long/green and short/red dotted lines), all equal distance (which = OR).

If you look at the attached picture you will see that it is not a perfect system. As is, it will generate approx one signal per hour, but with questionalble hit rate. We need to think of some good filter/confirmation to improve the hit rate. Let me know what you think.

Opening_Range_Hourly.mq4 is an indicator that gives us the entry levels

Opening_Range_HT.mq4 is a separate indicator that gives us the profit target levels.

Cheers, Kris

 

somebody send this Plz

Hi all ,, i want this rang indicator in this chart

thanx

Files:
mm.gif  43 kb
 
yellowblack:
it repaints,don't use it,see this

https://www.mql5.com/en/forum/177795

use NRTR_NK indicator,it doesn't repaint

Where can I get the NRTR_NK indicator?

I can't find it in my search.

 
RickW00716:
Where can I get the NRTR_NK indicator? I can't find it in my search.

It's part of the NK pack on the Jurik thread: https://www.mql5.com/en/forum/173010

 
Linuxser:
It's part of the NK pack on the Jurik thread: https://www.mql5.com/en/forum/173010

For some reason I still can't seem to find it.

 
RickW00716:
For some reason I still can't seem to find it.

Ok

Here it's.

Files:
nrtr_nk.mq4  7 kb
 

High and Low at time

Hi,

here is HiLow indicator, but there is problem with history view.

Can you help me ?

Files:
snap250.jpg  109 kb
dv_hilo.mq4  2 kb
 

hi

before i change the indicator.

what do you mean whenyou are saying "history view"

regards,

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