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Can anyone confirm again ?? Whether the arrow MUST touch the line or not?
i am newbie here....
Many thanks.
Judy
i don't think it matters...remember it just an indicator it does not predict the past i think u still need some sort of filter (i.e. stochs) before entering. The arrow did not touch and i still entered and made money ...
Hello Judy,
take the time to read every single post in this thread from beginning to end. It is especially important if you are "newbie". It will help you to understand the method. I am not criticizing your question, just trying to help.
Regards,
Pluto2
Just about 3am Saturday morning here and after my nutting off at Microsoft, I have managed to download Linux and installed MT4. Just in the process of downloading indi's and setting up charts for Monday start.
Hope everyone has a good weekend and have gained plenty of pips this week.
Cheers
Basza
Basza,
May I contact you via email/messenger regarding installing mt4 on Linux? I'm trying to get it going on Fedora 7 but am getting some errors. Please send me a PM if it's ok.
Actually, touching/not touching doesn't matter. By "touching" he means the only requirement is that the zigzag line ENDS on the same candle that the arrow APPEARS on. From my understanding of the code in the indicator (WOW the documentation is lacking) - the placement of the arrow is dependent on the bar, not it's actual location.
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He who laughs last thinks slowest
It is odd sometimes its not close to the candles and sometimes it remains on a candle thats not the lowest or highest.
Hey forex11 thanks you also for this system. It takes a little prowess but it has a lot of potential.
Well, the reason it does that (remains on a candle) is because it only updates the arrow when there is a change - and it's not just the new high that the indicator is showing... there's more to the calculation.
It's position on the screen would be something that someone like CodersGuru could answer - but from what I see, you just tell it on which bar/time to plot your arrow, and it decides where to put it. Sometimes the placement may be off, especially if you have adjusted your vertical zoom.
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He who laughs last thinks slowest