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I believe (or guess) this was already done but I can't fin where. New version with Fractional deviations.
What is this?
I wanted to have a look at it. Compiled it, added it, nothing happened.
I believe (or guess) this was already done but I can't fin where.
Due to request https://www.mql5.com/en/forum/173380
New version with Fractional deviations.i see why:
BBands Stopv1:
extern doubleDeviation =1.62; // Deviation was 2
for (shift=Nbars-Length-1;shift>=0;shift--)
{
smax[shift]=iBands(NULL,0,Length,Deviation,0,PRICE_CLOSE,MODE_UPPER,shift);
smin[shift]=iBands(NULL,0,Length,Deviation,0,PRICE_CLOSE,MODE_LOWER,shift);
that's can explain it
double iBands( string symbol, int timeframe, int period, intdeviation, int bands_shift, int applied_price, int mode, int shift)
What is this? I wanted to have a look at it. Compiled it, added it, nothing happened.
this is an indicator
how to install indicators please go to "How to start with Metatrader and Forex" thread
i see why:
BBands Stopv1:
extern doubleDeviation =1.62; // Deviation was 2
for (shift=Nbars-Length-1;shift>=0;shift--)
{
smax[shift]=iBands(NULL,0,Length,Deviation,0,PRICE_CLOSE,MODE_UPPER,shift);
smin[shift]=iBands(NULL,0,Length,Deviation,0,PRICE_CLOSE,MODE_LOWER,shift);
that's can explain it
double iBands( string symbol, int timeframe, int period, intdeviation, int bands_shift, int applied_price, int mode, int shift)slackers solution:
smax[shift]=iCustom(NULL,0,"Bands",Length,0,Deviation,1,shift);
"Bands" - goes with all mt4s
Chandelier Exit slight mod
YoYo Exit. It's just the Chandelier stop using Close prices.
BBands stop
I believe (or guess) this was already done but I can't fin where.
Due to request https://www.mql5.com/en/forum/173380
New version with Fractional deviations.
UPDATED on FEB 28. Reason: fixed
Chandelier Attached. Martin
Hi Martin,
I installed Chandelier at MetaTrader, but don't know how to make it appear on my charts...,
Understanding VoltyChannel Exit
Good day dear all,
Please I need someone who can explain how Voltychannel works & mechanics involved.
Thank You.
% Trailing stop based trading system
After studying various technical indicators since 2004-2005, I finally find EMA and percentage trailing stop work, which are among the few who are theoretically sound.
I coded the percentage % trailing stop in 2009-2010, triggered by the idea of Chandelier Exit by Chuck LeBeau and Terence Tan. They use ATR based trailing stop. Upon that, I discovered the hidden power of % trailing stop over the past 2-3 years through trading US stocks.
The % trailing stop is simple, just putting x% trailing stop under current market price, and above the price if it is stopped out, which is for short position. The simplicity makes it robust and universal.
Here I summarize the hidden value of % trailing stop(TSP), most of which are self-explaining from the charts below:
1) powerful in measure volatility, in percentage base
The distance between price and TSP is always <=x%
2) powerful in measure trendiness of the price. (reference: Darvas box theory, How I Made $2,000,000 in the Stock Market)
If TSP is trending up/down wards, then the price must be trending. If TSP is flat, the price must be no higher/lower than recent high/low.
3) powerful in control risk
I will finish this post later.