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Trend SR
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=64245
Forum: 17 · Topic 64245 · 8 post(s)
Trend SR
Mukonazwothe · Sat Dec 24, 2016 1:34 pm
Indicator that draws trend line and support resistance for breakout trading. With arrows also to sport reversals. The indicator comes EMKHEI HT engine to ensure that the user can choose any multiple of the current time frame. Here is how it work.
if chart TF is m1 and HT is 1 then the indicator will display results for m1 if chart TF is m1 and HT is 2 then the indicator will display results for m2(not available in marketscope)
if chart TF is m1 and HT is 5 then the indicator will display results for m5
this is done without changing the time frame of the indicator.
Enjoy your 123, Triangles, trendline, SR, reversals in one package with EMKHEI HT engine.
Double tops and all other good market patterns to be added latter.
Re: Trend SR
Apprentice · Sun Dec 25, 2016 6:00 am
TREND SR.bin:161: Specified index is out of range.
Re: Trend SR
Mukonazwothe · Sun Dec 25, 2016 9:47 am
I can’t find the error specified, please share settings that caused such an error
Re: Trend SR
Apprentice · Sun Dec 25, 2016 10:09 am
Default Try scroll your chart back. “m1” time frame
Re: Trend SR
Mukonazwothe · Sun Dec 25, 2016 11:28 am
Thank you sir. The indicator has a “period” recording function, as you scroll “period” is rewritten and the recorded one is higher than the one being rewritten in the beginning of the process. Hence the a recorded index becomes out of range.
Indicator is fixed, now it resets recorded values the moment you scroll back.
Re: Trend SR
mangonel · Mon Feb 14, 2022 4:27 pm
Apprentice can you create a strategy based on the Trend SR and particular at the Support and Resistance section ? It’s a breakaway strategy Please name it 123 The strategy goes like this :
Enter Long : When the indicator create a new High line the strategy buy when the price touch that new high line and the corresponding Low line should be the first where it will be create at the bottom and at the right side of the high line
Enter Long Stop : The strategy exit the trade when the price reach the level of the corresponding Low line The stop will remain active until the trade close by Limit or the price reach the stop
Enter Long Limit : The 1,618 of the Fibonacci retracement from High line to corresponding Low line
Enter Short : When the indicator create a new Low line the strategy short when the price touch that new low line and the corresponding High line should be the first where it will be create at the top and at the right side of the low line
Enter Short Stop : The strategy exit the trade when the price reach the level of the corresponding High line The stop will remain active until the trade close by Limit or the price reach the stop
Enter Short Limit : The 1,618 of the Fibonacci retracement from Low line to corresponding High line
Definition of corresponding Low Line for Long trades As the price goes up and the indicator create a high line at the top the corresponding low line should be the first where it will be create at the bottom and at the right side of the high line
Definition of corresponding High Line for Short trades As the price goes down and the indicator create a low line at the bottom the corresponding high line should be the first where it will be create at the top and at the right side of the low line
So in both cases the corresponding lines must be at the right side of the line where will be touch and trade
Definition of Allow multiple : Yes/No Keep in mind the strategy to trade only once when the price touch the High or Low line. If the price touch the same line again, the strategy should not trade again but to be able to trade in future positions even if previous trades didn’t closed yet. The same for the order remain active. Only one trade if the order remain active but multiple positions if the trade didn’t close
Definition of Order remain active : Yes/No In some cases the price don’t touch the High or Low line but the trade goes as the strategy predicts. If the option order remain active is NO the strategy do not trade if the price do not touch the line. If the option order remain active is YES the strategy trade although the price don’t touch the line and the order CANCEL if did not execute when a new line is created.
Price type : Bid, Ask Allow strategy to trade : Yes/No Allowed side : Buy, Sell, Both Period :3,4,5,6,…. Time frame :1m,5m,15m,…. Trade amount in lots : 1,2,3,4,….. Type of signal : Direct/Reverse Allow multiple : Yes/No Position limit :0,1,2,3…(Zero for unlimited) Close on opposite : Yes/No Order remain active : Yes/No
Thank you for your effort.
Re: Trend SR
Apprentice · Tue Feb 15, 2022 8:13 am
Your request is added to the development list. Development reference 99.
Re: Trend SR
mangonel · Tue Mar 01, 2022 12:04 pm
Apprentice is there any issues with the strategy ? Everything ok ? It’s something that i need to explain more to proceed ?
Thank you in advance, as always.