If you have 3 indicators then you will always have 2 out of 3 that are the same state. The white line in that indicator is there simply to connect 2 different states. If you check the values at the beginning and the end of the white line you will see that there is always 2 values at all times and that means that at the begining of the white line it is the end of previous trend and at the end of the withe line it is a start of a new trend. So, super trend, as is, actually has only 2 states : trend up and trend down.
Mladen, I've sent you an email to explain in detail, please check. Thank you.
Can you modify the attached indicator:
1) It currently looks back 4 bars for a value, can you change this to a input from user
2) Confirm it does not repaint
3) Correct the coloring of bars, does not plot correctly, just yellow. Would like the Yellow to be an input from user
(default to 1). Yellow would then be 1,0, or -1. Green would be higher than 1, and red would be less than 1.
4) Add alerts for going from -1 to -2 or 1 to 2 (Yellow to Green or Red)
5) Add option for plotting vertical line at alerts
6) Print the Box Size and Indicator value in Larger Font size on right of chart
Here is this version
First of all, it does not repaint. Default colors are a bit different than you asked for, but you can change them in the colors properties of the indicator. In this version you can chose home many bars you wish to be looked for the values (from 1 to up any value of bars). Also, you can choose a level : if you set it to 1 (default setting), it will work as you asked for
And one more deviation : instead of vertical lines, the indicator is drawing arrows on chart. And it is already a multi time frame indicator
Mladen, is it possible create an indicator to color the chart background between three Supertrend ATR timeframes, of different periods with different mutipliers? For example, color the chart background between a 1D Supertrend with period 9 and multiplier set at 1, 1D Supertrend with period 9 and multiplier set at 0.5, and 4H Supertrend with period 9 and multiplier set at 1. That means I would like any areas between the 3 conditions to be colored leaving areas that are out of the 3 conditions uncolored. I'm trying to use this as a way to define a no trade zone where prices almost seem to do nothing.
I'm using the following Supertrend indicator, so the calculation needs to be following that of the attached indicator. Kindly help, thank you very much.
Here is a histogram version that works the way you described me in the email
If the chosen price is above all the super trends used, then it is lime. If it is bellow all the instances of super trend then it is orange. Otherwise, it is gray. (these are just default colors, you can set any color you wish)
Also, you can use as much super trends as you wish (there is no limit of a number of used instances at all). For that the separate indicator (that you originally use) must be in the same folder as this indicator too
Thanks Mladen, except that the indicator you coded only works on one timeframe, with different periods, and different multipliers. Can you create one that allows several timeframes, with different periods, and different multipliers?
I will do that, but in that case you know that when using multiple time frames, using values as signals is practically impossible?
Mladen, are you saying that because with using different timeframes, they would repaint?
Yes. It is almost the same case as what we have with "4 time frame" indicators : they are simply going to have to change values in the history too to reflect the changes of the higher time frames
Mladen, yes, I understand. Eventually if I am going to create an EA out of this, would this be a problem? If it does, when the time comes, I would revert back to one that does not have different timeframes.
Mladen, another question, am I able to use decimal points in the indicator?
Also, if this looks good to go, I look forward to the candle and the line version of the indicator (the line version would definitely help make the chart look a whole lot neater).
Thank you thank you thank you!
could you build an EA for me?
It would be using the indicator I attach (HiLow - Jurik smooth histo).
The EA will be two differents:
1) A continuous EA. I mean, it's always on the market. When the indicator gives the first blue line, buy into market and close all last operation. When red appears, close the last buy and open a sell with the same volume (always on bar closes). It's a continuous system. Can you add also minimum Money Managment?
2)Other EA, totally different, with the same indicator but this time with SL, TP and Trailing stop and also money managment. I don't know if you also will add some other thing to improve the EA...but I'm sure you help on this.
Thank you in advance. Meanwhile, I'm going to check the indicator you modified for me.
Hermo a late answer and for the first part of your question had made an Ea using that indicator, check here https://www.mql5.com/en/forum/179807/page119
but like Mladen said usually would prefer to have forward testing results first.
Here is a version that allows you to specify separate time frame for each instance of super trend. With default parameters results are not going to be the same when you set all the time frames to same time frame in this one and the previous one - it is because in this one current bar price is compared to target time frame super trend value. To get the same values set the TargetTimeFramePrice to true