Hello
once I add your indior it seems like this ( see attached) any ideas?
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Hello
once I add your indior it seems like this ( see attached) any ideas?
Hi,
The bars are built with the character'I' from the Placard MT Condensed font. They're being displayed horizontally rather than vertically.
The only possibilities I can think of are:
(1) the font hasn't been installed correctly (for more details, see http://www.thepcmanwebsite.com/how_t...ws_fonts.shtml), or
(two ) your br0ker/MT4 variant does not support the displaying of text at a 90 degree angle.
David
Thank you david for sharing. Is that possible to modify the Placard MT by times new roman or arial? I've got the identical problem in this way.
You may use any font that you have installed on your PC. Alter the parameter setting to the font you want to use.
Your variant of MT4 should support a 90 degree rotation of text, to permit the'I' character to create the'pubs' from the coloured plots (see attached screenshot). I'm using Pepperstone MT4 build 427 on Win XP SP2, and it works fine (see screenshot in post #474).
Hi David
I really like the Indior. How do I back examine it. Could you please explain, or direct me where it was discussed, although I believe this is what the Historical Change field is for.
Thank You
Hi,
I'm sorry, but it's impossible to'back test' the Recent Power indior, as it doesn't generate any trading signs. The best that you can do is conduct an EA to take screenshots of your MT4 chart (including the plots made by the indy) in regular intervals. Then you can examine the screenshots.
The use of the HistoricalShift parameter is explained in post #1 ('Parameters' section).
David
___________________
Screenshot EA
I have attached an EA that can generate screenshots.
Install the .mq4 and then .ex4 files into your.../experts folder, and the .mqh files into your.../experts/include folder.
Attach the EA to a chart. The parameters work as follows:
FilePrefix - Screen shot file title. Ensure the smiley icon displays at the top right corner of your main price chart. By default, this will produce a file named @WSS-[pair],[timeframe],[date][time].jpg on your.../experts/files/screenshots folder. The folder will automatically be created if it does not already exist.
RefreshPeriod - Just how often you want the screenshots to occur. Entries are M1. The screenshot will be taken on the first tick of the appropriate candle.
WidthInPixels - Screen shot width in pixels.
HeightInPixels - Screen shot height in pixels.
StartBar - Index of the first visible bar in the screen shot. When 0 value is set, the current first observable bar will be taken. If no value or negative value was set, the end-of-chart screen shot will be generated, indent being taken under consideration.
ChartScale - Horizontal chart scale for screen shot. Can be in the range from 0 to 5. If no value or negative value was set, the current chart scale will be utilized.
ChartMode - Chart displaying mode. It can take the following values: CHART_BAR (0 is a sequence of pubs ), CHART_CANDLE (1 is a sequence of candlesticks), CHART_LINE (two is a near prices lineup ). If no value or negative value was set, the chart will be shown in its current manner.
https://www.cliqforex.com/attachment...2111564770.mq4
https://www.cliqforex.com/attachment...1101077509.ex4
https://www.cliqforex.com/forex-brok...al-broker.html
https://www.cliqforex.com/trading-sy...ay-charts.html
Hi David
Thank you very much for your Screen shot EA It'll be of great help.
I use the indior only as a guide to ascertain the directional bais for your session. I only use the values of the set in the open of the semester.
I trade London session intraday. I use H1 chart only to determain management. Are as follows.
Time Frame: H1
Number of Candles: 72 (3 Days of Information )
Apply Smoothing: Authentic
Triangular Weighting:?? ( My setting is False) I am not sure what it ought to be
Historical Alter: 0 ( If I Wish to know what the set seemed like 10 days ago I would enter 240 to Find the values at that point in time? )
Thank You
Thanks for the EA it will be a fantastic help
I use the CSM indior to determine a directional bais in the London open only. My inputs include:
Time Frame: H1
amount of Candles: 72
Apply Smoothing: Authentic
Triangular Weighting: False ( I don`t know what it should be how it will alter the calculation )
Historical Shift: 0 (If need to know what the set looked like 10 days ago at this point in time I would input 240 )
Am I correct assuming this.
I will appreciate your help
Regards
Hello,
The HistoricalShift in CSM seems to operate differently to the HistoricalShift in Recent Power. It is a very long time since I wrote these indys, and also the code isn't simple to follow. As explained in article # 1 you can decide on a different change for each TF. In CSM, so far as I can tellthe identical change factor is applied across all TFs. Hence if you input HistoricalShift=1, the M15 histogram will appear as it did 15 minutes ago, while the M30 histogram will appear as it did 30 minutes past, etc. There is absolutely no means as they were at the identical historic stage, since each will be shifted a different number of moments of viewing all TFs. This reduces the worth of the HistoricalShift parameter.
Thus the perfect way to see what historic values were at a specific point in time, would be to use the Screenshot EA.
For whatever it's worth, I use NumberOfCandles=25, ApplySmoothing=true, TriangularWeighting=untrue. As best as I can recall, here is how they operate:
I) If ApplySmoothing=false, then TriangularWeighting is disregarded, along with the value calculated for each pair is just the rise/fall from candle #25 (if NumberOfCandles=25) to the current price.
Ii) If ApplySmoothing=accurate, and TriangularWeighting=false, then the rise/fall for every single candle out of candle 25 to candle #1, from this candle to the current price, is averaged to provide a'smoothed' value during the previous 25 candles.
Iii) If ApplySmoothing=accurate, and TriangularWeighting=true, then the rise/fall from candle #25 to current price is multiplied by 1, the rise/fall from candle #24 to current price is multiplied by two, the rise/fall from candle #23 to current price is multiplied by 3,.... The rise/fall from candle 1 to current price is multiplied by 25, before the averaging takes place. This attaches an even greater weighting to the latest candles.
Then the calculation proceeds as explained in article #426.
The rest of your queries are egy established, and there is no one best-fits-every-egy solution. It's somewhat like asking which is your best moving average to a SMA use or an EMA? Ask 2 different traders, you'll get 2 distinct answers (along with also a third trader will state that he does not use MAs at all). An indior is a tool and everyone uses them differently. I am using potency indys to have a general idea of which currencies are the strongest and weakest at the H4/D1/W1 TFs. However, this isn't very likely to suit an intraday trader who deals the London open.
David
@Rivabex:
Here is a good example of the way I utilize the strength indys. You can see that NZD (blue) is considerably stronger than GBP (red) in all the H4/D1/W1 TFs. Everything else being equal, selling GBPNZD gives the probability of accessing the strongest fashion to me. As you can see in the price chart, this currency is currently falling (red arrow).
Notice how this is also borne out by the blue and red plots of this RS indy. It is not the exact values which are important to me personally; it is just knowing which currencies are strongest and which are weakest, rather across multiple TFs. Given my trading horizon, that happens to be H4/D1/W1.
Of course any of these trends can turn around quickly and easily sufficient; nothing is guaranteed in forex, LOL. But one has to either commerce'conventionally', by assuming that the current trend will continue; or commerce counter-trend, when one believes that the current tendency is overbought or oversold, or has met a roadblock (e.g. support/resistance) or some other potent reason that is very likely to cause an impending change.
I'm not saying you ought to trade this way; instead I am trying to illue the way I utilize the indys is not always acceptable for the way which you may use them, to trade the London open.
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