Although the translation of google is not accurate, it makes me laugh , but thanks C.E.O


Manual Translation for the first indicator thread:

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Waddah Attar:

This is my first thread in this forum, i hope you all like it.

Here is a new indicator which i programed, it gives an explosion signal depending on two indicators (Bollinger & MACD)

With this indicator you can discover when the price explosion starts and when it ends

The indicator is desighned to work with H1 frame only


How to use the indicator:

1) The yellow line is used to recognize when the explosion starts and when it ends.

the explosion starts when the yellow line is low.

as long as the yellow line is high the explosion is still running on

the price explosion ends when the yellow line is back low inside the dots zone

the yellow line job is identifying the explosion starts and ends.


2) The green histogram: has three uses:

first, gives a signal when price explose upward (bullish move)

second, gives the buying signal, when the green histo rises above the yellow line.

third, gives the exist signal, when the a green histo slip back into the yellow line


3)The green histogram: has three uses:

first, gives a signal when prise explose downward (bearish move)

second, gives the sell signal, when the red histo rises above the yellow line

third, gives the exist signal, when the red histo slip back into the yellow line

i hpoe that you will like the indicator

i added some properties so the indicator would be more sesitive and can be used with all pairs:

- sensitive property
- DeadZonePip property which represents for the pips move inside the dead zone (the zone between the dots line)
- BandPeriod property which represent the sensitive of the yellow line
- BandDivision property helpfil value for the explosion (for yellow line)
- showlong property to show or hide the green histo
- showshort property to show or hide the red histo
- showexplosion property to show or hide the yellow line
- showdeadzone property to show or hide the dead zone (dots zone)

Explanation for the Price Explosion indicator:

The indicator depends on two things to show the data and the lines in chart

1) The deference between the uper and lower band of the bollinger band
which tight when the price fluctuates (narrow move)

when the difference between the bands expand, the explosion process starts and the yellow line curve upward till the explosion ends and price fluctuate again

2) The difference between the present value of the macd and the last value with one tick for the same candle
this deference is represented in the green and the red histogram.

END
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Ibn Fernas
Regards

Attached Images

chart.gif (27.8 KB, 1672 views)

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