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James Cater  

Blahtech Daily Range 1.1 update with new feature "Highlight Session Ranges"


Memon  

At the moment values are displayed in separate window.

Is it possible to configure this ?

I would like to display values in same window with options top, bottom, left, right etc

James Cater  
Memon:

At the moment values are displayed in separate window.

Is it possible to configure this ?

I would like to display values in same window with options top, bottom, left, right etc

We don't currently have an option use the main window.

You can move the text left/right within the separate window using the "Text Start Column" parameter.

You can also share the separate window with other indicators if you drag the indicator onto the same sub window.

We will add options to use the main window and choose the corner anchor in the next release

Alba89  
Are there any Presets for 5m/15m charts? Primarily for Scalping/Day Trading?
James Cater  
Alba89:
Are there any Presets for 5m/15m charts? Primarily for Scalping/Day Trading?

We don't have any specific presets for scalping.

This indicator's main function is to show you when today's movement has exceeded the average daily movement. It also highlights when the current session movement is above the norm. 

Blahtech

QuantumLogic  

Hello!


I've recently downloaded the DR and I'm attempting to change the 'Alert' sound. How do I modify the 'Alert' sound to one that I prefer?

James Cater  
QuantumLogic:

How do I modify the 'Alert' sound to one that I prefer?


Firstly copy your "mysound.wav" to the MT4 program files installation folder

    C:\Program Files (x86)\MetaTrader 4\Sounds\mysound.wav


Then choose one of the following two options to change the sound for alerts

    Either : Change the global alerts sound

                MetaTrader/Tools/Options/Events/Alerts - Select "mysound.wav" from dropdown list


    Or : Change the alert sound for individual indicators

           a) Set parameter "Other Parameters / Alerts - Popup" to "Sound Only"

           b) Set parameter "Other Parameters / Alerts - Sound Wav File" to "mysound.wav"


Cheuk Yan Ho  
I BOUGHT THIS INDICATOR. DOES IT HAVE VIDEO TEACHING? I DON'T KNOW HOW TO USE IT.
FYMD  

Hi, 

Is there a plan to add the option for each individual session range parameter to be accessed through an icustom call? 

FYMD  

Hi, Can you provide some explanation (or a reference) re the fixed projection (how its calculated) and projection levels and the difference between dynamic and fixed levels please. 


Thank You,

FYMD  

FYMD  
Hi, one request for future updates. Would you mind having the option of adjusting the thickness of the Dynamic level as well for better visibility? (I understand the fixed level line thickness can be adjusted but not the dynamic one) 
James Cater  
FYMD:

Can you provide some explanation (or a reference) re the fixed projection (how its calculated) and projection levels and the difference between dynamic and fixed levels please. 

The "Projection Fixed" and "Projection Levels" are drawn above and below the daily opening price with their prices calculated using multipliers of the "Average Daily Range" value

Projection Price Above  =   Daily Opening Price + (ADR * parameter multiplier)

Projection Price Below  =   Daily Opening Price - (ADR * parameter multiplier)

You can configure one fixed and any number of extra lines using the parameters "Daily Ranges/Projection Fixed" and "Daily Ranges/Projection Levels"


The Dynamic levels are calculated as follows. The dynamic high is 1 ADR above the daily Minimum and the dynamic low is 1 x ADR below the daily maximum

Dynamic High  = Minimum daily low + (ADR * 1)

Dynamic Low  = Maximum daily high - (ADR * 1)

At the start of the day the two dynamic ranges are 2xADR apart. As the current day develops the overall range increases and these lines will start to move together. Once they are 1 ADR apart the current daily range will have exceeded 1 ADR and the daily range is said to be "exhausted". At this point the lines will change from "dotted" to "dashed".

You may also notice that if the price range increases past 2x ADR then the dynamic lines will cross and the upper line will be drawn below the lower line.

James Cater  
FYMD:

Is there a plan to add the option for each individual session range parameter to be accessed through an icustom call? 

iCustom variables are quite expensive and should only be used for values that change

The session ranges don't change once the indicator is set up so we wouldn't want to consume memory duplicating these values for every bar in the history

FYMD  
James Cater:

The "Projection Fixed" and "Projection Levels" are drawn above and below the daily opening price with their prices calculated using multipliers of the "Average Daily Range" value

Projection Price Above  =   Daily Opening Price + (ADR * parameter multiplier)

Projection Price Below  =   Daily Opening Price - (ADR * parameter multiplier)

You can configure one fixed and any number of extra lines using the parameters "Daily Ranges/Projection Fixed" and "Daily Ranges/Projection Levels"


The Dynamic levels are calculated as follows. The dynamic high is 1 ADR above the daily Minimum and the dynamic low is 1 x ADR below the daily maximum

Dynamic High  = Minimum daily low + (ADR * 1)

Dynamic Low  = Maximum daily high - (ADR * 1)

At the start of the day the two dynamic ranges are 2xADR apart. As the current day develops the overall range increases and these lines will start to move together. Once they are 1 ADR apart the current daily range will have exceeded 1 ADR and the daily range is said to be "exhausted". At this point the lines will change from "dotted" to "dashed".

You may also notice that if the price range increases past 2x ADR then the dynamic lines will cross and the upper line will be drawn below the lower line.

Thank you so much. I highly recommend that explanation be added to the Overview section of the Indicator. 

James Cater  
FYMD:

Thank you so much. I highly recommend that explanation be added to the Overview section of the Indicator.

There is limited space with the overview. We have added it to the documentation here  https://www.mql5.com/en/blogs/post/700845

FYMD  
Hello James,   Would it be possible to add a description of the icustom functions for all three f your products ? (SD, MP and ADR indicators). I cannot figure out all of them just by doing a backtest.   Thank you. 
cvdestyfx  
I purchased your indicator, but I am disappointed that you have not created a user friendly manual providing basic details on how to use its features. As a courtesy to your customers, you should do this. Especially for the price you are charging for the indicator. It's like you have left it up to your customers to figure out how to use the indicator. It would be good for explanatory purposes if you would provide an example of a trading strategy using this indicator. Because your indicator lacks a user friendly manual explaining how to use its features, I can only give it 3 stars. Please let me know when you have added a user manual and I will adjust my rating accordingly. Thank you.  
James Cater  
cvdestyfx:
I purchased your indicator, but I am disappointed that you have not created a user friendly manual providing basic details on how to use its features. As a courtesy to your customers, you should do this. Especially for the price you are charging for the indicator. It's like you have left it up to your customers to figure out how to use the indicator. It would be good for explanatory purposes if you would provide an example of a trading strategy using this indicator. Because your indicator lacks a user friendly manual explaining how to use its features, I can only give it 3 stars. Please let me know when you have added a user manual and I will adjust my rating accordingly. Thank you.  
You may be interested in this video on how to use Blahtech Average Daily Range https://www.youtube.com/watch?v=8aNPlje--ro

Market Stalkers YouTube Channel https://www.youtube.com/channel/UC0mjjXk3l37IgeHmqQghDug
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