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Hi, Linuxer! So, all things considered, what is your personal position on the subject - worth or not pursuing ?
and 4 guys with less experience and knowledge , if yes -only as supplemental method with extreme caution?
IMHO, every trader needs to find what is useful for his trading. I just want to explain what I've found and what convinced me. Helping to discussion.
Maybe other/s by researching could say the opposite and that would be his opinion and the subject in matter, this subject could be useful for him and help with their trading.
TOR: (Nittany)
small little indi - 4 one Q -Trending or Ranging?
(before they hook up more and more stuff on it)
p.s. nittany's thread -TOR indi: ToR 1.02 - Trending or Ranging
Arrows pointing up but text says decreasing.
Arrows pointing down but text says increasing.
Please explain.
just up -increasing up or up deceasing; up move slows, deceasing (less, compare to previous bar)
but from other hand - more logically and more intuitive could be 2 put text colors according to direction:
increasing down red; decresind down - some not strong shade of red (maroon?);
increasing up - strong green (limegreen) decreasing up (green, dark green)
Thanks fxbs, how to change the color of ToR ?, because my background color of my chart is white.
serveruang
you need to go inside and change object colors in the code:
if ((adx_m1 < ADX_trend_level) && (adx_m1 != 0)) { adx_color_m1 = LightSkyBlue; }
if ((adx_m1 >=ADX_trend_level) && (di_p_m1 > di_m_m1)) { adx_color_m1 = Lime; }
if ((adx_m1 >=ADX_trend_level) && (di_p_m1 < di_m_m1)) { adx_color_m1 = Red; }
ObjectSetText("ToR110-11","1 Hr:", 10, "Lucida Sans Regular", LightSteelBlue);
... etc.
...and ask Nittany to to make it as external input kinda
extern color adx_color_up = Green;
Displays 3 lines of different color, showing speed of a trend on current, the nearest greater and following greater TF. Beige color of a line means calculation with the least period (current TF). Green color - display in current TF lines of the nearest senior TF. For example, if you look TF H1 the green line is displayed how in TF H4 is displayed beige. Accordingly, the red line is used for display of the tendency in following senior TF.
Points of crossing of lines of different color for indicators Priliv and Priliv_s not necessarily should coincide. It is connected by that all lines in indicator Priliv_s are constructed concerning a direct line (white color), and in indicator Priliv - concerning three different МА, and in a window one of them (the least, white color) is displayed only.
It can be applied on any TF. The crossing of the indicator means change of a direction of a trend.
My translate not good. Sorry
Author : index
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