Archive for the 'MT4 Indicators' category
nPipLines
November 16, 2006 5:10 amSomeone on the MT E and I Yahoo group requested an indicator that drew horizontal lines on the screen every 25 pips. I figured I could bang that out in no time and started to make this indicator. I called it nPipLines because the number of pips between lines is configurable.
Anyway, this was a lot more complicated than I originally figured. There’s a lot of math to slice and dice the current price to make sure that the lines are actually straddled around your current position.
The indicator has several configurable options, including number of lines to draw, the pip gap between the lines, the line size, style and color, as well as if you’d like the lines to continuously update as price goes up and down. This continuous option seems a bit silly to me, as it does a lot of work each tick for really no reason, but some folks may want it to work that way. By default, this is set to false.
Here’s a snapshot:
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Elder’s Safe Zone
November 1, 2006 3:30 amI found a reference to Elder’s Safe Zone, which is a trailing stop methodology attributed to Alex Elder, the author of The Legendary Approach to Trading for a Living. Since I’ve read his book, I was intrigued.
The reference that I found had the code for an indicator from MT3, so I recoded it for MT4. I don’t know how useful it is yet, but I thought I would post and update it if necessary.
Here’s a snapshot:
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Moving Average of Volume Bonanza
October 31, 2006 5:11 pmEver want to have a MA of volume?
Some indicators out there would provide such a thing, but didn’t go as far as I would have liked. So, I put hacked up someone else’s MA of Volume indicator and added a JMA option, as well as a dynamically changing level that is based upon a configurable number of days average.
Ever want to quickly see if the MA of volume is high or low based on the last 120 days? 30 days? Now you can!
Here’s a snapshot:
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3 Fold Trading Hours in a Separate Window
October 30, 2006 11:27 pmIn a previous post, I made a little time filter indicator that simply was a visual reminder if you should be trading or not based upon three configurable times. It simply used a comment in the chart window to convey the information.
In that post, I made the offer to whip up a version that had its own indicator window, if anyone thought it would be useful. Someone (Barry) did, so now we have three flavors of 3 Fold Trading Hours.
Original: Visual reminder via a chart comment
New: Visual reminder via a new indicator window (available below)
Also: Time filter for an Expert Adviser to actually stop trading from happening
This new indicator also displays a bit more information as well, like listing out the filter times, and if they are used or not. The time filter logic is taken from the EA version, so that you can now filter by hours and minutes, not just hours, as with the original.
Here’s a snapshot:
Get this indicator:
3FoldTradingHoursSeparateWindow.mq4
3FoldTradingHoursSeparateWindow.zip
3 Fold Trading Hours
August 23, 2006 1:17 amA forex-tsd buddy was working on a project that needed to filter trading by 3 separate timeframes. Answering his question prompted me to make this little indicator that displays a comment telling you if it is currently within your preset trading hours.
The hours to trade can be set either in the code directly, or through the indicator settings window. Of course, all hours are in relation to your broker’s server.
Current limitation: it only works on whole hours, no minutes.
Possible future: I can make it work with objects, rather than a comment, giving more flexibility on placement and opening up the possibility of putting it in a separate indicator window. Let me know if that would be usefull!
WCCI Pattern Label Index
August 5, 2006 12:42 pmThis is a silly little indicator for MetaTrader that is designed to be used with the various Woodies CCI pattern indicators that are floating around the web.
It simply puts a new indicator window up and makes labels for what the pattern numbers correspond to. Silly, but helpful. You can configure the corner of the window to start the labeling from, if the labels should be displayed in one or two columns, as well as the text color and size.
