Looking for this concept for an indicator
With MTF Chandelier?
Read Simba thread.
netk
How do you get a medium term Chandelier and a short term Chandelier on the same screen?
Answer seems to be to break up price chart into periods or blocks of time.
Or, break up into blocks according to the medium term Chandelier.
i.e. take a normal Chandelier indicator and where ever price hits - there you have a new block.
So at the beginning of this new block is also a short term chandelier too.
This short term indicator will ratchet up quickly when there are big moves.
How to achieve this ?
See approx example here
ie. http://www.leveragefx.com/images/trendsnapback2.gif
at this page
http://www.leveragefx.com/forex/forex-trading-systems/4-trend-snapback-forex-trading-system.htmlHi nekt
You don`t need to read the full thread to find what you want,though I obviously believe it is worth the time invested..;)
Find the mtf Chandelier here,and take a look at the screenshot,where you have a 5m Chandelier within a 60m one
Don`t believe the advertised hit rate,at least for cable ,I tested this concept a few months ago,and though profitable,the system is far from being the Holy Grail..though it is safe..and profitable
You probably would want to experiment with different combinations,as I am doing now..Chandelier1h+PSAR 5m/15m is an interesting one..I believe,though still not tested,that chand +psar is a far better combination than Chand+chand..since Chandelier has very interesting "keep you in the trend" characteristics..while PSAR let you keep most of your profits
See the second pic for an interesting combination of 1h Chandelier+15 m Psar+15 m Bolinger bands...I am thinking about opening a new thread with this concept and see if we can have the kind of support we had in Simbasystem thread in order to create tools for testing and improving our assumptions..ie EAs..;)
Hope this helps
Simba
wow! that's exactly what I was thinking about some time ago
What is this multi-currency clusters chart on? it looks cool on its own, do you know if there's version for MT or just a separate app that could be used to group clusters of currencies by their trend?
just in case:
MTF calls ChandelierStops_v1
ChandelierStops_v1: https://www.mql5.com/en/forum/173574/page40
Last sessions range box
Read somewhere someone mentioned that hans123 used criteria to break up periods.
Even if you use last EURO session high and low before the open of the US market - and look for breakout of the box within the US session.
Perhaps i am thinking of a pipboxer derivative, as discussed in Suggest indicators discussion area.
ie. Plotting the chandelier from the point of the break of the box.
It is a similar concept to getting an chandelier to plot off a trend line break.
Could even be off the step indicator. As price breaks the step. Plot from here.
https://www.mql5.com/en/forum/173044
So......can a script add another Chandelier object dynamically, as is needed, with a new handle each time ? Can the Chandelier indicator be tweaked to take an extra parameter - the start date and time , and a numericflag to indicate the number of SAR's it should have a life for ?
I am curious to ask.
Does chandlier reflect a typical popular trailing stop, or is in more like a ratcheting trailing stop?
I ask because I would imagine it is not uncommon to place three trades. One for quick profit, another with trailing stop, and another with ratcheting trailing stops - all psaced out.
looking for Trend Snapback Forex Trading System
Hi,who can give me Trend Snapback Forex Trading System in MT4?
Is this very good system?
can u all guy watch this video? if trading with this system how is the result?
can u all guy watch this video? if trading with this system how is the result?
That's a typical snapback trade. Watch for a pullback on either down or up side move, check price actions, then enter the snapback trade. Most systems in this forum should have the snapback trade setup, just do the search and check them out. You can also use a couple of moving averages to catch those moves.
ENJOY!
fxcruiser
who got this indicator?
Hello guy!who got this type of indicator?give me and i will very very thank to you!!!or email me 1 to 1 change....i buy some indicator before ,the indicator can used very well but some time can lost....who can give me topgun or Trend Snapback Forex Trading System?
1 to 1 change!!!!
email me longsheefook84ATyahoo.com
ES
Looks like he took your advice...but you didn't 
His email is there in the quote you posted.
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How do you get a medium term Chandelier and a short term Chandelier on the same screen?
Answer seems to be to break up price chart into periods or blocks of time.
Or, break up into blocks according to the medium term Chandelier.
i.e. take a normal Chandelier indicator and where ever price hits - there you have a new block.
So at the beginning of this new block is also a short term chandelier too.
This short term indicator will ratchet up quickly when there are big moves.
How to achieve this ?
See approx example here
ie. http://www.leveragefx.com/images/trendsnapback2.gif
at this page
http://www.leveragefx.com/forex/forex-trading-systems/4-trend-snapback-forex-trading-system.html