Something interesting, old thread - page 50

[Mladen Rakic]

MUV cloud

MUV cloud indicator. Originally (metatrader 4 version) coded by Yuriy Tokman. This version adapted for metatrader 5 by godzilla

smoothalgorithms.mqh

[Mladen Rakic]

False breakouts counter

False breakouts counter indicator by Rone

The idea is rather simple. If high of the current bar is higher than high of the previous bar, and close of the current bar is lower than high of the previous bar, it is considered as a false breakthrough up. Correspondingly, if low of the current bar is lower than low of the previous bar and close of the current bar is higher than low of the previous bar, we have a false breakthrough down.

There are situations when in one bar will be two false breakthroughs - if the bar is an external in relation to the previous bar, and its close is in the previous bar's range. The indicator displays:

• the number of false breakthroughs up (blue line).
• the number of false breakthroughs down (red line).
• the total number of false breakthroughs (orange line).

The essence is that if, for example, on the last five bars were 3 (or more) false breakthroughs, then, most probably, the next breakthrough high or low (the previous bar) will be true.

[Mladen Rakic]

mima:
hello Mladen attached indicator from Source code library - Expert Advisors, Indicators and Scripts suposed to have allert as per code and title but actualy doesnt...there is some error....can you make it work please?

It seems like a rather unfortunate version of averages cross indicator. It would need to be written differently (the whole code)

[mima]

mladen:
It seems like a rather unfortunate version of averages cross indicator. It would need to be written differently (the whole code)

Thank you for reply.Yes whole code has to be written differently. That errror that i posted was fixed by replacing external bool with input bool. Unforunately there is more then that: Firstly it shouldnt be buy/sell signal( no need for bid/ask prices at all)...should be simple EMA cross up /down...or something like that...and most importantly one signal per cross ( latest). Well "indicator" gives many more signals per 1 cross....

On Mt4 I use attached indicator.

[Mladen Rakic]

mima:
Thank you for reply.Yes whole code has to be written differently. That errror that i posted was fixed by replacing external bool with input bool. Unforunately there is more then that: Firstly it shouldnt be buy/sell signal( no need for bid/ask prices at all)...should be simple EMA cross up /down...or something like that...and most importantly one signal per cross ( latest). Well "indicator" gives many more signals per 1 cross.... On Mt4 I use attached indicator.

Here is an indicator that does the job as it should (including alerts). Linear regression value (LSMA) also added to a list of possible averages types that are checked for crosses. No need to explain which is which since the names of the parameters (and choices) are explaining everything

[mima]

mladen:
Here is an indicator that does the job as it should (including alerts). Linear regression value (LSMA) also added to a list of possible averages types that are checked for crosses. No need to explain which is which since the names of the parameters (and choices) are explaining everything

Thank you Mladen.

Just want to ask you what would be last two dots since there is no cross. Also what is alert on current bar? Again thank you.

[Mladen Rakic]

mima:
Thank you Mladen. Just want to ask you what would be last two dots since there is no cross. Also what is alert on current bar? Again thank you.

mima

Check it in data window and, as far as I see, you will find out that actually there was a cross on those 2 bars. The indicator works correctly and there are no errors in it

As of alerts on current : if you set it to true it will alert on a still opened (current) bar or if you set it to false it will alert when the bar closes )on a first closed bar)

[mima]

mladen:
mima

Check it in data window and, as far as I see, you will find out that actually there was a cross on those 2 bars. The indicator works correctly and there are no errors in it

As of alerts on current : if you set it to true it will alert on a still opened (current) bar or if you set it to false it will alert when the bar closes )on a first closed bar)

Absolutely Great.Thank you.

[Mladen Rakic]

DT-Pirson

DT-Pirson indicator

[mima]

Hello Mladen

In other thread (super signal) you created fractal indicator (for MT5) and in this thread you posted also some version of super signal indicator ....and here you also created Ma cross. When price is above EMA (could be any let say 55) and fractal is up then is OK to go long (most of the time) and when price is bellow EMA and fractal is down then it is OK to go short most of the time. Would you be willing to add alert for above mentioned situations...And another possibility is when Ema cross up and fractal(super signal ) is up to have alert then most of the time is OK to go long....similar is as already mentioned to have alert for possibly going short.

Each alert to be separate true false or just one switch for either alert ...That would be on you to decide.

Purpose of this alert would be to reduce number of useless alerts and filter out just meaningful ones (if trend is up go long on up fractals and if trend is down go short on down fractals)....That would not be buy/sell signal....It is just help to reduce staring in charts...more focusing on possibility for higher success trades. All above apply in any time frame.

This would be good for MT4 and MT5

Thank you for your time and consideration.