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  #1 (permalink)  
Old 07-27-2007, 04:40 PM
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Hikkake Pattern indicator

hi guys,

as i was surfing the web, i found this great concept about Hikkake pattern,

the pattern works like this, it consist of 2 bars on hourly daily or weekly
the bar the forms called inside bar, and it has to have higher low and lower high than the preceeding bar. Then the second bar in the pattern must have a higher high and higher low than the previous "inside" bar to form a bearish signal, and you would take the entry when it breaks the low of the inside bar on the 3rd bar, and the opposite for a long entry

What i would like if someone can make an alert to attach to the chart so when the inside bar forms to give a sound alert? and one will be helpful to do that?
and here is the link for the rules and how the pattern works

http://www.chesler.us/Misc/Public/chesler0404.pdf

thank you
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  #2 (permalink)  
Old 07-30-2007, 12:06 PM
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Quote:
Originally Posted by connecting4less View Post
hi guys,

as i was surfing the web, i found this great concept about Hikkake pattern,

the pattern works like this, it consist of 2 bars on hourly daily or weekly
the bar the forms called inside bar, and it has to have higher low and lower high than the preceeding bar. Then the second bar in the pattern must have a higher high and higher low than the previous "inside" bar to form a bearish signal, and you would take the entry when it breaks the low of the inside bar on the 3rd bar, and the opposite for a long entry

What i would like if someone can make an alert to attach to the chart so when the inside bar forms to give a sound alert? and one will be helpful to do that?
and here is the link for the rules and how the pattern works

http://www.chesler.us/Misc/Public/chesler0404.pdf

thank you
Hi I found algortam but the source code is C not MQL4
SourceForge.net: Files
ta_CDLHIKKAKE.c
ta_CDLHIKKAKEMOD.c

Last edited by shmorca; 07-30-2007 at 01:26 PM.
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Old 07-30-2007, 01:23 PM
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Hi,

i have those 2 indicators supposed to show inside bars.
Check them,look at the code maybe they can help you.
Ask some mq4 programmer here to fix the code if it is not accurate,i also think it could be used in trading.
Attached Files
File Type: mq4 InsideBar.mq4 (2.9 KB, 319 views)
File Type: mq4 in&out.mq4 (3.9 KB, 317 views)
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Old 07-30-2007, 03:13 PM
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Lightbulb

Here's an indicator I wrote last night. I added the vertical line signal today, although I can't exactly figure out how to delete all of the lines on deinitialization, so that might be something you'd have to do manually. So far, so good.

Edit: added custom minutes variable.
2nd Edit: added the modified hikkake reversal signal.
Attached Files
File Type: mq4 hikkake.mq4 (2.9 KB, 417 views)

Last edited by modulatum; 07-30-2007 at 04:39 PM.
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Old 07-30-2007, 06:47 PM
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Thank you modulatum.
Modulatum look ta-lib. There is source cod for Hikkake.
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Old 07-30-2007, 06:58 PM
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Quote:
Originally Posted by shmorca View Post
Thank you modulatum.
Modulatum look ta-lib. There is source cod for Hikkake.
I've taken a look and it seems very close to what I have. I don't imagine there is much variation in this method.

Attached is the latest revision that fixed some minor object bugs.
Attached Files
File Type: mq4 hikkake.mq4 (3.0 KB, 517 views)
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Old 07-30-2007, 07:04 PM
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Quote:
Originally Posted by connecting4less View Post
hi guys,

as i was surfing the web, i found this great concept about Hikkake pattern,

the pattern works like this, it consist of 2 bars on hourly daily or weekly
the bar the forms called inside bar, and it has to have higher low and lower high than the preceeding bar. Then the second bar in the pattern must have a higher high and higher low than the previous "inside" bar to form a bearish signal, and you would take the entry when it breaks the low of the inside bar on the 3rd bar, and the opposite for a long entry

What i would like if someone can make an alert to attach to the chart so when the inside bar forms to give a sound alert? and one will be helpful to do that?
and here is the link for the rules and how the pattern works

http://www.chesler.us/Misc/Public/chesler0404.pdf

thank you

Which forex pair have you found this system useful?
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Old 07-30-2007, 07:34 PM
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Good evening Traders,

Thank you for this work, however I attach the indicator in the chart and I do not see nothing .
Can you inform us on this subject ?
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  #9 (permalink)  
Old 07-30-2007, 08:17 PM
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Quote:
Originally Posted by BrunoFX View Post
Good evening Traders,

Thank you for this work, however I attach the indicator in the chart and I do not see nothing .
Can you inform us on this subject ?
Hi BrunoFX,
The indicator doesn't paint the past, so the only signals you'll see will be the ones that actually occur as the session goes on. I'm sure there's a way to also add historical signals to the indicator, but I didn't deem it necessary to include in the code.
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Old 07-31-2007, 03:34 AM
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Here's a screenshot of the past few hours of output from the indicator. Due to my other development on MT4, some morning signals are not on the charts.

Both on AUDUSD and USDJPY, there are two green lines. The first on AUD belongs to the 60 minute Hikkake and the same is true of the second on JPY.

As you can see, the yen is performing pretty poorly under this indicator, and AUDUSD has three good signals. The euro is doing as well as the yen, although it does appear we are in a ranging market.
Attached Images
File Type: gif h1.gif (50.7 KB, 2537 views)

Last edited by modulatum; 07-31-2007 at 03:37 AM.
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