Libraries: Trading signals module based on 3LineBreak indicator
Dear Nikolay,
your indicator has nothing in common with 3LineBreak as presented by Neeson, as it actually uses the breakdown of the price channel (or Donchian channel) with N-period.
Here is a picture of the real 3LineBreak with the indicator superimposed on it in your edition.
Therefore, please rename or remove it from Code Base MQL4 and MQL5, so as not to mislead traders.
Regards,
Igor
Dear Nicholas,
the indicator you cited has nothing to do with 3LineBreak as described by Neeson, because it actually uses a breakout of the price channel (or Donchian channel) with N-period.
Here is a picture of the real 3LineBreak with the indicator superimposed on it in your edition.
Therefore, please rename or remove it from Code Base MQL4 and MQL5 to avoid misleading traders.
Regards,
Igor
Sir! In this world there is no indicator standardisation centre and a single database of accounting of this good. I just converted a real indicator from MQL4 to MQL5, and spending my own life on digging through the entire Internet about the origin of each indicator is, to put it mildly, not quite clever. And if you think your version of the indicator is more correct, just place it in the Code Base with appropriate explanations. I didn't originally make this indicator - it's not up to me to change its name! In this way, if you want to, you can always get to the name of any indicator.
.Nicholas, please tell me what and where to change in the open code, so that the Expert Advisor makes a trade at 0 bar, as soon as the bar colour changes.
I will be grateful for a hint.
Trading signals module based on 3LineBreak indicator:
Trading signals module for MQL5 Wizard. The moment, when a bar formed by 3LineBreak changes its color, indicates the time for market entry.
The signal is formed when a bar is closing. Place 3LineBreak.ex5 compiled file to the terminal_data_folder\MQL5\Indicators.
Creation of a trading robot based on this trading signals module has nothing special in it. It has been described in details in the article "MQL5 Wizard for Dummies". The general idea of creating a trading signals module has been described in the article "Simple Trading Systems Using Semaphore Indicators".
Author: Nikolay Kositsin