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Indicators: Multi Timeframe Candles

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MetaQuotes Software Corp.
Moderator
181059
MetaQuotes Software Corp. 2009.10.30 11:59 

Multi Timeframe Candles:

Display Candles from a higher timeframe on top of your current chart (ex: see H1 candles on top of a M5 line chart)

Author: Julien

emmauk71
49
emmauk71 2009.11.17 12:25  

Hi,



Good indicator. Looks so colourful and nice. If it does not achieve anything, at least it makes the chart looks so colourful and beautiful.



I have always said and repeatedly state to those who want the money out of forex and those that do not care the number of colours that they have on their platform, that the only reliable and good software/indicators are the Moving Average, Fibo(retracement &extension), Macd and the Traditional Macd. The only addition is the trendline. Anything other than these are just fluke and waste of time, energy and money. Yes.



Personally, i have gone though a lot of seminars from the so-called gurus. I have bought uncountable softwares that were claimed to be making hundreds and thousands of pips in a day with unbeatable records. there is even one software that once cracked my laptop-have to buy another hard-drive. can u imagine?



Still i must not fail to comment on your ability to arrange colours and thereby making the chart look lovely when applied.



with Moving Average, Fibo(retracement &extension), Macd and the Traditional Macd and extensive and dedicated practice, you definitely can make the money.



On a more personal note: do not believe anybody if they tell you they have a 100% successful system - if they did they wouldn't share it with you - they would make their own money with it.



Thanks



Emma

Julien
33
Julien 2009.11.17 14:28  
emmauk:

Hi,



Good indicator. Looks so colourful and nice. If it does not achieve anything, at least it makes the chart looks so colourful and beautiful.



I have always said and repeatedly state to those who want the money out of forex and those that do not care the number of colours that they have on their platform, that the only reliable and good software/indicators are the Moving Average, Fibo(retracement &extension), Macd and the Traditional Macd. The only addition is the trendline. Anything other than these are just fluke and waste of time, energy and money. Yes.



Personally, i have gone though a lot of seminars from the so-called gurus. I have bought uncountable softwares that were claimed to be making hundreds and thousands of pips in a day with unbeatable records. there is even one software that once cracked my laptop-have to buy another hard-drive. can u imagine?



Still i must not fail to comment on your ability to arrange colours and thereby making the chart look lovely when applied.



with Moving Average, Fibo(retracement &extension), Macd and the Traditional Macd and extensive and dedicated practice, you definitely can make the money.



On a more personal note: do not believe anybody if they tell you they have a 100% successful system - if they did they wouldn't share it with you - they would make their own money with it.



Thanks



Emma


Thanks.

I agree with you on the Gurus and companies claiming a nearly 100% win rate.

But I do not agree with the claim that only fibo/macd/moving average are useful on a chart.

Some algorithms evolved from the Digital Signal processing world are presenting the same capabilities of moving averages, but with less lag and more reactivity. The Instantaneous trendLine (by John F. Ehlers) is a perfect example. The Two and Three Pole Super Smoother, as well as the Butterworth filter are also examples of indicators presenting the same capabilities as the moving averages, while having less lag.

I do not believe in all the magic indicators sold by gurus, by I believe in the analysis of the market using Digital Signal Processing algorithms.

MQL4 Comments
16319
MQL4 Comments 2012.07.20 02:32  

NOT SO GOOD WHERE R THE TAILS ?

VERY IMP

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