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ToR 1.02 for Metatrader

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nittany1
853
nittany1  

ToR 1.02

I wrote my first indicator!

This indicator shows you whether a pair is trending or ranging.

For trending markets use moving averages and for ranging

market use oscillators.

It shows ADX values for multiple timeframes to help you

decide which trading technique to use.

Sometimes you'll see short-term trends against the H4

and D1 trend.

It's up to you whether you trade in a ranging market. It seems

to me that trading with the long-term trend is best.

Having said that, the reason why I made this indicator is to

to let the trader decide at a glance what to do, or even to

do nothing. Staying out of a market is a position too.

I may adjust the spacing between the objects, but it's useable

right now. If it messes up in use and displays garbage please

take a screenshot and post it on the forum then shoot me an

email, I will debug.

I've included two screenshots, one with a ranging example and

one with a strong trending example.

Green is up, Red is down, Blue is ranging. There are two arrows

for both up and down depending on the strength of the trend.

There is a 45 degree arrow up and down for beginning trend and

a 90 degree arrow up and down for strong trends. The squiggly

lines represent ranging.

Also, it seems to me that in ranging markets you'll get conflicting

info from ADX on different timeframes.

Version: 1.02

1.02 - added arrows, ranging icon, no zero space state

for icons/arrows, spacing got messed up, now

fixed

1.01 - unreleased, reduced number of colors, functional

1.0 - unreleased, too many colors for ADX values

Files:
Nadeem
1851
Nadeem  

Thanks for sharing this. Your contribution to this board is most welcomed. This one can be added to my list of filters and hopefully be implemented in some systems in the near future.

nittany1
853
nittany1  

Cool, I hope everyone makes good use of it.

forodo
69
forodo  

hi nittany1, what time frame the best to use this indi ?..and how ur strategi when ur use this indi ?..could u can share with us...

Nadeem
1851
Nadeem  

Hey Nittany,

Can u code a similar indicator but using RSI instead of ADX? It will be much appreciated. Thanks

nittany1:
Cool, I hope everyone makes good use of it.
buangcla
178
buangcla  

Hi nittany,

hey it's you, the one who posted that you created an indicator that can help the cornflower system. I appreciate your work but sadly lever doesn't like to use indicators. Thanks for posting it here.

Happy coding..

hbrandt
29
hbrandt  
nittany1:
ToR 1.02 I wrote my first indicator! ...... Green is up, Red is down, Blue is ranging. There are two arrowsfor both up and down depending on the strength of the trend. There is a 45 degree arrow up and down for beginning trend anda 90 degree arrow up and down for strong trends. The squigglylines represent ranging. ...... Version: 1.02 1.02 - added arrows, ranging icon, no zero space state for icons/arrows, spacing got messed up, now fixed 1.01 - unreleased, reduced number of colors, functional 1.0 - unreleased, too many colors for ADX values

Please look at my attachment. The indicator doe's not display properly all the colors, arrows etc. Do you know what can be wrong? I use IBFX

Thank you

Files:
000.gif 25 kb
hbrandt
29
hbrandt  

I think I got it...it works...but the arrows etc show up in different icons...in the past I noticed with other idicators that I'm missing the arrows...I suspect it may be a general font that I do not have on my computer that all of you have and use?!

Do you know the font name you "wrote" this indicator, New Times? etc? ...I will really appreciate if you can help me with this...It may be a simple answer and I may start finnally to see arrows on my indicators if I download the font on my computer....

Thanks.

Nadeem
1851
Nadeem  

Dont you worry man, the fonts used are all standard and found on all pcs. The fact that this indicator is designed to work on a black background, you cant see the arrows. Change your chart background to black and everything will be fine

hbrandt:
I think I got it...it works...but the arrows etc show up in different icons...in the past I noticed with other idicators that I'm missing the arrows...I suspect it may be a general font that I do not have on my computer that all of you have and use?! Do you know the font name you "wrote" this indicator, New Times? etc? ...I will really appreciate if you can help me with this...It may be a simple answer and I may start finnally to see arrows on my indicators if I download the font on my computer....Thanks.
RebateFXcom
79
RebateFXcom  
hbrandt:
Please look at my attachment. The indicator doe's not display properly all the colors, arrows etc. Do you know what can be wrong? I use IBFX Thank you

Are you perhaps using MT4 under linux with WINE? If so, the guide at Howto: Metatrader 4 under LINUX may help.

If not, I believe the webdings or wingdings font is what you appear to be missing.

TRBFX
3
TRBFX  

Nittany1,

Will you please post the Indicator you use to place the "Day of the Week" on your "Period Separators" i.e. "sun, mon, tus, wed, thu, fri". Please see the attachment of your image I pasted in.

Files:
12
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