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  #1 (permalink)  
Old 12-05-2005, 09:42 AM
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Price Channel

Price Channel indicators. But I think that it is trading systems.

One of variation of Brainwashing EA is using these indicators.
Attached Files
File Type: mq4 Price Channel.mq4 (3.0 KB, 384 views)
File Type: mq4 PriceChannel_Stop_v1.mq4 (4.9 KB, 318 views)
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Old 12-05-2005, 10:09 AM
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PriceChannel_Stop_v6.mq4 from Igorad. He posted it few weeks ago but I recognize it now only that it is really great indicator.
Please find the description.

And PChannel_m 3.mq4 from Roman and Profi_R. Set the parameters as the following:
- Range=1;
- use more higher Timeframe. If I am trading on H1 I will use Timeframe D1 (Timeframe=1440) or W1 (Timeframe=10080).


I use PChannel_m 3 together with Braintrading system: I change Range to 1 (default is 6) and Timeframe = 1440 (D1, default). I attach this indicator with this settings to the H1 chart with brainTrading indicators. So, I have day channel for 1 day (Range=1) and I am not trading if this channel is very thin. Thus I have additional confirmation (on M15 as described on some other place and on D1).
See image.

It is really great indicators.
Attached Images
File Type: gif pc.gif (25.0 KB, 2732 views)
Attached Files
File Type: mq4 PriceChannel_Stop_v6.mq4 (7.3 KB, 1076 views)
File Type: mq4 PChannel_m 3.mq4 (4.0 KB, 1043 views)
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Old 12-05-2005, 10:31 AM
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See image.

It is H1 timeframe with

- PriceChannel_Stop_v6 (ChannelPeriod=10; Risk=0; Signal=1; Line=1; ColorBar=1; TimeFrame=0; Nbars=1000) and

- PChannel_m 3 (Range=1; Timeframe=1440).
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Old 12-05-2005, 11:23 AM
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TrendFinder Trading system

There is Fibonacci Trader. It is software. And it is TrendFinder Trading System in this software. This trading system came together with this sigtware so it was evaluated already and it was proved.

Thus there is TrendFinder Trading System for MT4 using Price Channel indicator.

D1 timeframe and indicator PChannel_m 3 (Range=1; Timeframe=10080).
So every box of this indicator is one week (because Range=1 and 10080 is week).
There are several rules:
- there are two kind of trend only: up and down.
- trend is reversing (or continue to go) to the up when any day bar within our week was closed with more higher value than maximum of previous week.
- trend is reversing (or continue to go) to the down when any day bar within our week was closed with more lower value than minimum of previous week.

And they colored the bars and used Ergodic indicator.
Attached Images
File Type: gif trendfinder.gif (23.6 KB, 2594 views)

Last edited by forexts; 05-22-2006 at 04:20 PM.
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Old 12-05-2005, 12:03 PM
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Compare two pictures TF 1D Cable
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File Type: gif price_ch_stop_v1.gif (60.7 KB, 1585 views)
File Type: gif price_ch_stop_v6.gif (63.1 KB, 1560 views)
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Old 12-05-2005, 12:53 PM
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It isn't big problem. Simply change in code following part:

// Signal area : any conditions to trend determination:
// 1. Price Channel breakout

if(Close[shift]>bsmax[shift+1]) trend=1;
if(Close[shift]<bsmin[shift+1]) trend=-1;

// Correction boards values with existing trend

if(trend>0)
{
if(Risk>0 && Close[shift]<bsmin[shift]) bsmin[shift]=bsmin[shift+1];
if(bsmin[shift]<bsmin[shift+1]) bsmin[shift]=bsmin[shift+1];
}
if(trend<0)
{
if(Risk>0 && Close[shift]>bsmax[shift]) bsmax[shift]=bsmax[shift+1];
if(bsmax[shift]>bsmax[shift+1]) bsmax[shift]=bsmax[shift+1];
}

Igor.
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Old 12-05-2005, 01:20 PM
alp alp is offline
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Thanks Igor
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Old 12-19-2005, 03:39 PM
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An other indicator from Igor here.
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Old 02-19-2006, 06:57 AM
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Request for Sound/Voice Alert for PriceChannel_Stop Indicators

Hi NewDigital,
Thank you very much for both the indicators - PriceChannel_Stop_v1 and PriceChannel_Stop_v6.

I'd very much appreciate if you kindly add sound/voice alert for both of these two. These seem to be very useful.

Best regards

- Sukhen
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Old 02-19-2006, 07:22 AM
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Quote:
Originally Posted by sukhen
Hi NewDigital,
Thank you very much for both the indicators - PriceChannel_Stop_v1 and PriceChannel_Stop_v6.

I'd very much appreciate if you kindly add sound/voice alert for both of these two. These seem to be very useful.

Best regards

- Sukhen
Thanks for your thanks but it is not my indicators.
Igorad created it. He is the member of our forum as well.
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