PipsChart - page 4

[[Deleted]]

Actually in post #14 Ralph has ALREADY observed this BEFORE us...

When you sit an stare at a PipsChart for some length of time, you might discover certain patterns preceding certain price movements. For instance, that a red bar with an extended low wick sometimes indicates the beginning of an up trend, and a blue bar with an extended high wick sometimes indicates the beginning of a down trend.

[svifx]

Request

Hi Mr. Ronnquist,

would you be kind enough with your untied arm to program some other modifications ?

It's a bit hard for me to try every new release because I would have to reprogramm the colors everytime... lazy me

Could you set BEARCOLOR and BULLCOLOR to external variables ?

Last but not least :

-split the wick colors ? one color for upper wicks and another for lower wicks ?

I suspect these 2 last colors would be usefull

best regards

[[Deleted]]

I would like to volunterr to test this proposed EA right here publically...If Ralph can untie the knot.

ES

svifx:
Hi Mr. Ronnquist,

would you be kind enough with your untied arm to program some other modifications ?

It's a bit hard for me to try every new release because I would have to reprogramm the colors everytime... lazy me

Could you set BEARCOLOR and BULLCOLOR to external variables ?

Last but not least :

-split the wick colors ? one color for upper wicks and another for lower wicks ?

I suspect these 2 last colors would be usefull

best regards

[ralphronnquist]

Here's Ferret the PipsChart Trader v1

A slight update, making PipsChart v7, with color parameters for you, svifx.

I've also dropped in Ferret the PipsChart Trader EA v1, and the pipscharttrader.mqh include file it uses, just to start things off.

Ferret the PipsChart Trader EA v1 enters fixed size trades upon recognising bars with sizable wicks. You tell the pips size for the PipsChart, and you tell the required fraction of this for the wick. Ferret the PipsChart Trader EA v1 also paints its PipsChart on (under) the main price chart, just to show that it's doing what its told.

Though, I think this sizable wick notion sits best in the spam folder, and we should get down to business about which patterns to actually use.

[ralphronnquist]

PipsChart v8

Another slight update, where I've added a couple of slope lines: one connecting two "peaks" and extending future-wise, and the other connecting two "troughs" and extending future-wise; with coloring and enabling parameters. Use them if they are useful, and don't if not.

The library is unchanged.

[svifx]

For those about to scalp...(AC/DC)

Back to the roots...

Back to basics....

How did people win money in 1950 ?

Has anybody ever heard of :

- Higher highs and Higher lows ?

- Lower highs and Lower lows ?

Sure everybody has...

But everybody is just looking for the traffic light indicator... Red=sell, Green=buy, Orange=get ready to...

Anyway the thing is you can trade pipschart on it's own without any time frame constraint :

- lower highs you sell

- higher lows you buy

[svifx]

Nice trade ...

See for yourself how pipscharts distorts time....

It only shows you a few bar for a long consolidation time....

but prevents you of the big down move...

PS: don't ask about the red and green dot indicator it has nothing to do with this thread nor will it be made public...

[svifx]

pipschart rocks !!!!

It's just like driving on an unknow road .... slow down turn right push the gaz pedal slow down turn left....

Just love to drive this Formula 1

[crazybunny]

thanks ralph.ronnquist

this the most wonderful indicator i saw

first i would like to thank u very much for the great indicator

please see the attached chart

i did over 90 life pipes just playong on 5 min using only u indicator

i wll tested further more on the next week

if i am gona be rich half the money goes to you

the way i traded

is to find support.resistance and high and low in u candles

then exit in the reteracements and renter again in the direction of the trend

see attached

i have only one problem

i copied the pips chart.mq4 to the indicators folder

and the pipchartdata.mq4 in the libray

and i did not know what to do with pipschartdata.mqh

so i coppied it in the libray folder as well

i changed no of pipes to 25 it works more clearely

however my log file gives this message

23:09:12 PipsChart EURUSD,M5: invalid time value for ObjectMove function

and geting bigger please help

i will post my chart on the next week for further tests

this realy a master piece

thanks

attached the chart

[svifx]

hmmm

Hi crazybunny ....happy you like it ....

Plese use the latest version they are in different posts you need to put

at least 3 files and placed at :

C:\program files\metatrader whatever your broker is\

.\experts\indicators\PipsChart.mq4

.\experts\include\ PipsChartData.mqh

.\experts\libraries\PipsChartData.mq4

Exit your MT4 application and restart...

You might want to set the show box value to false you will have a better sight on your main chart...unless you like it like that

Also in my opinion it would be better to draw horizontal lines on the chart AND the indicator to better spot your trade entries... vertical lines get out of sync very fast

as the indicator updates...

Anyway I wish to welcome you to this thread as you are MAKING MONEY too out of this indicator...

regards