This should make those settings a little clearer, the Daily indicator was used in the original thread for the TSR Daily Average System, from memory there is a fairly detailed explanation of the settings in that thread somewhere near to the start.


RAvg = (R1+R5+R10+R20)/4;

low0 = iLow(NULL,PERIOD_MN1,0);
high0 = iHigh(NULL,PERIOD_MN1,0);
RoomUp = RAvg - (Bid - low0)/Point;
RoomDown = RAvg - (high0 - Bid)/Point;
StopLoss_Long = RoomUp/Risk_to_Reward_ratio;
SL_Long = Bid - StopLoss_Long*Point;
StopLoss_Short = RoomDown/Risk_to_Reward_ratio;
SL_Short = Bid + StopLoss_Short*Point;

cja

Just cant thank you enough CJA. Exactly what I was looking for.

Hi Cja,

In my observation the range calculator and signal bar (I use v6) make very different calculation in each broker in the same time.

Anyway thank you for your effort.
TW

Attached Files

Range Calculator & Signal Bar.rar (156.6 KB, 424 views)

Hi,

The indicator i've attached currently do prev day's hi/los ... can someone please mod this to include prev week's hi/los?

Cheers!

Attached Files

PowerLevels.mq4 (3.6 KB, 251 views)

Hi,
I've better tool, with which you can get OHLC data from any larger timeframe and with any shift.

Regards,
Igor

Attached Files

Range_v2.2.mq4 (3.8 KB, 583 views)

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I have modified the Daily PowerLevels to show Text ON/OFF and you can also move the text, i have also altered the code to show Weekly in a separate indicator.

PowerLevels_v1.mq4

Weekly PowerLevels.mq4

@igorad: thanks for the help. Not quite what i need though.

@cja: Great stuff! Would it be possible for you to combine those 2 into a single indicator with ON/OFF for daily and weekly?

Cheers!

Hi cja..

I think weekly power levels indicator for PrevWeekOpen should be CurrentWeekOpen.

I tend to agree with you however i followed the text that was on the original indicator, you are right the Open is for the current week and day, it is a simple matter to change it , but thanks for the observation.
I have altered the text and reposted it above.

cja

cja, would be great if the two where combined into a single indicator with ON/OFF for daily and weekly. Cheers buddy!