All You Need To Trade Is A Horizontal Line - page 4

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bashida:
Hi Guys, Please can anyone kindly supply me with an indicator that will automatically draw horizontal lines at the current closing price 200 SMA levels in all time frames especially the monthly, weekly, daily, 4H and 1H ? I have tried to use MA_MTF_MovingAverage_v1.1_Hrzln, but the resultant lines tend to overlap or merge possibly 'cos this indicator has not been configured for the latest build version of MT4. Thanks.

See if this does what you want.

I included a template to make it easy.

Files:
mtf_ma.tpl  5 kb
MTF_MovingAverage.mq4  5 kb
 

if we can know it . it really good. we can make big money

 

As E.F. Schumacher once said,


“Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius and a lot of courage to move in the opposite direction

 

 

Ah man this is awesome. I recently started trading horiztonal lines again, and I ran into this thread today.

Man are we going to have fun making zzzeee pips.

Hey Avery... good to see you doing it again and great videos. "Tis I!" as you say in your videos... LOL

Peace to all

Jess

 

Hey xmess7... long time, no hear! Are you still doing "your thing"? I forget what you called your indicator.

 

thanks for sharing. i thinks this is better than Udine's of ff.

 

Still working years later.

Files:
NZDUSDH1.png  40 kb
 
TheRumpledOne:

Pick ANY candle on the chart.

1) identify the color.

2) let the candle close

3) if the next candle is NOT the same color then:

if the current candle is GREEN go LONG at the FIRST line it approaches

if the current candle is RED go SHORT at the FIRST line it approaches

When to exit? Usually, when price stalls.

Stop loss? If price crosses the previous candle's midpoint.

Does that help?

Hi. If candle is the same color what to do?
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