Simple ADTR indicator - page 3
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Thanks to Maxvre for providing original Indicator that I just modified slightly
Blur71, I have tried to comply to the rule as below, :
1) Daily ATR
2) Yesterday ATR
3) X day ATR and X day Pip Power
I also added a Trend ratio % that is calculated as below:
(PipShift/PP_XTotal)*(ATR_XTotal/PP_XTotal)
PipShift is the difference of Price at close bar X day ago with Close today
PP_XTotal is the X day Pip Power average
ATR_XTotal is the X day ATR average
I could not do the GMT Shift option yet.
Also to calculate the PiPPower I had to follow your instruction from here and take the movement shift of a candle 5 minutes timeframe for more accuracy adding it positively to the total as you explaine here:
"For example:
1st candle moved market price down 7 pips,
next candle down 12 pips,
next candle down 5 pips,
next candle up 20 pips
that would make total (Pip Power) movement be 44 pips over four candles.
So you would add all movement together, negative or positive , in a total movement index."
Let me know what you think.
SunwestHi Sunwest,
Been checking out the indicator. made a couple of points and questions.
1. The ATR side works perfect. well done to you and Maxvre.
2. Does Pip Power side make it's calculation for the for the previous 24hrs? If so then that total changes with every bar?
3. Could you add Yesterday PP and 'x' day Avg PP to the indicator.
Also, I took the liberty of modding the Pip Power slightly to calculate to 'high and low' from 'open and close'. Hope I was right the code.
BLUR71
The "expected volume" indicator, reproduce the past in a statistical way.
Look at your graph, and look the pick and the bottoms, they reproduce each day, at the same volume and same time.
Bouh Ouh Ouh
that's the idea , Joe
instead of having straight line
100 days ave Vol distributed hourly as on ave during the day
lets you compare actual Vol (or else) with estimated (average)
Hi Sunwest,
Been checking out the indicator. made a couple of points and questions.
1. The ATR side works perfect. well done to you and Maxvre.
2. Does Pip Power side make it's calculation for the for the previous 24hrs? If so then that total changes with every bar?
3. Could you add Yesterday PP and 'x' day Avg PP to the indicator.
Also, I took the liberty of modding the Pip Power slightly to calculate to 'high and low' from 'open and close'. Hope I was right the code.
BLUR71Hey Blur71
Yes it looks like you did the right modification for the Min Max value.
In terms of the Pip Power it is the X day average display and off course we can add the daily one and yesterday.
Sunwest
Hi, Guys!
I tryed to present ave ATR per day like ave EstimatedVolume above - no secces
(easy hacks - replacement Volume on ATR didn't worked)
can someone help?
Sounds great Sunwest,
Can't wait for the next revision.
Hey fxbs, I tried to mod it to work too, but had no luck.
OK OK
More fuel for the Expected Volumes :
Principles of Time Transformation in Intraday Trading - MQL4 Articles
Yea, that's the one... well done, Joe!
Don't know if Susan got it from there or somewhere else discussion also?
well, they can argue about Volume data; but ATR has no such problem perfect 4 this { "daily hourly (sessionly) distributed (sliced) average" }
see, this way you can overlay one upon anothers and see the difference
dem, tryed to put ADTR-V2.1. us a lines in sep.window
no go either - just a bad day today... ://///
A bad day, it happens
Read the commercial tro buyzone evaluation thread for a good laugh !