Any rookie question, so as not to clutter up the forum. Professionals, don't pass by. Nowhere without you - 6. - page 615
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As for the algorithm for the top two fractals and the bottom one, and vice versa, there are a lot of nuances, it should all be analysed in detail during programming.
Thanks for the tip, I really forgot to exit the loop, now it should definitely work, if you want I can post the indicator as a thank you.
You're welcome. The indicator is thanks, but if I do multivolume, I will write and test it on 5, it has much more possibilities.
I have the following idea: the maximum and minimum of the last X candles are taken - if the difference between these min and max is less than the size of the average candle (for the specified period X) multiplied by the coefficient K, it means a channel. Now there are two variants of determining K depending on the length. Both variants work but we'd like to increase the precision if possible.
If I've got any other "universal" flat indicator/advisor that may work, please send it here or at least tell me its name.
You're welcome. Thanks for the indicator, but if I'm going to do a multivolume, I'll be writing and testing on the 5, as there are much more possibilities there.
As an alternative:
Is it possible to download charts for technical analysis, - indexes S & P 500 Futures Chart, TA 25 Chart, and the S & P 500 Chart if possible can prompt how to do this, maybe there is an explanation of how to download!
I can't find such a broker, can you advise a program for technical analysis, which allows me to download the indexes I'm interested in (can be in real time) or a broker.
Maybe there is an opportunity to download these indices MT-4 or MT-5. I'm just beginning to try to do technical analysis, I would very much like to hear expert advice on how to cope with my task.
I am very grateful in advance for your help.I have the following idea: the maximum and minimum of the last X candles are taken - if the difference between these min and max is less than the size of the average candle (for the specified period X) multiplied by the coefficient K, it means a channel. Now there are two variants of determining K depending on the length. The both variants are working but I want to increase the accuracy, if possible.
If you come across any other working "universal" flat indicator/advisor, please send it here or at least tell me its name.
This is an interesting approach. I think you should not improve anything. The only thing you have to do is to determine the K coefficient and connect the possible price movement after the breakdown of the channel with this K coefficient.
I wrote an Expert Advisor using one channel indicator but it determines the channel on High-Low for a certain period of time, uses global variables and has errors when moving from Friday to Monday. The indicator is not mine, the Expert Advisor's customer provided me with a link to it. I will probably rewrite it for your variant of channel definition.
That's an interesting approach. And I don't think you need to improve anything. The only thing you have to do is to define K coefficient and connect with it the possible price movement after breakdown of the channel.
I wrote an Expert Advisor using one channel indicator but it determines the channel by High-Low for a certain time, uses global variables and has errors when moving from Friday to Monday. The indicator is not mine, the Expert Advisor's customer provided me with a link to it. I will probably rewrite it for your variant of channel definition.