Helweg/Stendahl value charts ... - page 2

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William Snyder
9499
William Snyder  
mladen:
Got sick of waiting for metatrader 5 to correct errors causing almost every indicator in the last two days not to work, so decided to give a try to metatrader 4 version (along with a fact that some friends of mine told me about a commercial version of this and when we compared the two it turned out that the basic property of this indicator : the ranges between 8 and -8, is not honored in the one they had)

So here it is

___________________________

Parameters :
magicNumber-> this one is here for one reason and one reason only : to make possible placing two or more value chart indicators on the same chart. So use it to make difference between indicators, and that way they can "know" which is the window where they have to draw bars (this way you can get something like the first picture)

numberOfBars-> period for which to calculate value chart

showLineChart-> if true, it will display line instead of bars (like the second picture)

color... -> these are rather straight forward and their purpose is to set colors of bars

widthWick -> width of the bar wick

wickBody -> width of the bar body

linePrice-> price you want it to draw. It can be :
0 - close

1 - open

2 - high

3 - low

4 - median (high+low)/2

5 - typical (high+low+close)/3

6 - weighted (high+low+close+close)/4

ma1Period-> if set to >1 it will draw average on the chart ma1Type-> type of average to calculate. It can be :
0 - simple moving average

1 - exponential moving average

2 - smoothed moving average

3 - linear weighted moving average

ma1Price-> the price to use (see linePrice for details)

ma2Period-> if set to >1 it will draw average on the chart

ma2Type-> type of average to calculate (see ma1Type)

ma2Price-> the price to use (see linePrice for details)

_______________________________ So, as a conclusion : the main problem I told about which made it "not good" on metatrader 4 is solved with magicNumber (automatic addition of some random number fails in cases of templates and in cases when metatrader is not properly closed) so now you can use it without restrictions. Also, from now on (but that is more conclusion for myself ) first version 4 and then version 5. ND and me, we are waiting the last 2 days that someone notices that nothing works in version 5 of metatrader and still no reaction, so, from now on first the one that will work for sure and then the rest

Thank you Mladen, but Christmas still a month away . Overlayed BBands on yours and commercial version using previous indicators data, major difference, yours more accurate, and Bands look right on yours.

William Snyder
9499
William Snyder  

changing ma array with icustom

never mind will figure it out myself someday!!

Mladen Rakic
145767
Mladen Rakic  

mrtools,

i know that you removed your message, but since I did saw the original contents of if, let me answer anyway :

I am at a moment working on a more "usable way" ("usable" as in usable from other indicators) of coding this indicator. Reason is rather simple - when I added averages, was curios as if there is any advantage compared to the same thing on a "classical" chart. Here is just one example of the "same thing" compared :

And it is similar on all time frames and almost all symbols. It is not infallible, but it is god damn useful (especially when we take into account the overbought and oversold features of this indicator)

__________________________

From these it is obvious that it is worth working in this direction and adding different ways of filtering signals (with alb averages and indicators too) seems as a right thing to do

So, there will be new ones in this thread too

regards

mladen

mrtools:
never mind will figure it out myself someday!!
William Snyder
9499
William Snyder  
mladen:
mrtools,

i know that you removed your message, but since I did saw the original contents of if, let me answer anyway :

I am at a moment working on a more "usable way" ("usable" as in usable from other indicators) of coding this indicator. Reason is rather simple - when I added averages, was curios as if there is any advantage compared to the same thing on a "classical" chart. Here is just one example of the "same thing" compared :

And it is similar on all time frames and almost all symbols. It is not infallible, but it is god damn useful (especially when we take into account the overbought and oversold features of this indicator)

__________________________

From these it is obvious that it is worth working in this direction and adding different ways of filtering signals (with alb averages and indicators too) seems as a right thing to do

So, there will be new ones in this thread too

regards

mladen

Thanks Mladen,

Yeah that's exactly what i saw with this, know you are very busy so thought i would keep on trying and not concern you with it, but so far its kicking my butt!! But still trying, but looks like almost complete indicator needs to be changed to do this!!

Regards

atthebest
152
atthebest  

amazing

Dear Mladen,

Its an amazing Indicator that you have created

attached is my statment useing you indi on 5M chart and just getting few pips and running away

Thanks once again

mcmalach
121
mcmalach  

Awesome THANKS Mladen

@Mladen I must admit i am really loving this indicator you have created it is working very nicely for me right now

here is sneak of how well its working

(if you dont care to see it like that then it is 253 pips profit in 7 days)

William Snyder
9499
William Snyder  
msquared:
@Mladen I must admit i am really loving this indicator you have created it is working very nicely for me right now

here is sneak of how well its working

(if you dont care to see it like that then it is 253 pips profit in 7 days)

Nice job Msquared, would you mind sharing how you are using this indicator?

Regards

Mladen Rakic
145767
Mladen Rakic  

...

The book itself Can not upload it here, so this is a rs link : RapidShare: 1-CLICK Web hosting - Easy Filehosting

regards

mladen

Files:
William Snyder
9499
William Snyder  
mladen:
The book itself

Can not upload it here, so this is a rs link : RapidShare: 1-CLICK Web hosting - Easy Filehosting

regards

mladen

Thanks Mladen, something to definitely read over the weekend.

Tistou
53
Tistou  

Hello

Mladen, your indicator is magical!

I trade a lot with the TMA, but is it possible to have 2 bands on the value chart?

Doing the same thing we do with the market.

I think it would be extremely interresting

Thank you for your great work

Gafet

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