FXCodeBase.COM: Forex Chart Indicators and Development

Based on http://isadukey.blogspot.hr/

The indicator is based on frequency filter and can be used as a trend-detector.

This version has the following advantages:

1) The display style is changed from lines to dots, so now the indicator does not "hide" 1-bar switches between red and green as it was in the previous version.

2) The indicator now works correctly on "alive" data, not on historical data only.



Download:





MT4/MQ4 version.
viewtopic.php?f=38&t=70116

Is it possible to develop a strategy based on this signal?

Thanks
bluepip

Your request has been added in the developmental cue.

I have experience that in MT4, some indicator repaint....this Sadukey looks promising...almost too prefect...can anybody confirm, it doesnt repaint? So when the dot is plotted on the close of the candle = its definitive, no change afterwards?

carlhans wrote:I have experience that in MT4, some indicator repaint....this Sadukey looks promising...almost too prefect...can anybody confirm, it doesnt repaint? So when the dot is plotted on the close of the candle = its definitive, no change afterwards?

I reviewed the code and can say that it does not repaint already closed candles, only the fresh one.

At times,(most of the times it will NOT repaint the bar) BUT occasionally, It DOES repaint the bar. You will need to refresh or switch from ASK to BID and back. (It does it on my charts)

Nikolay.Gekht wrote:

carlhans wrote:I have experience that in MT4, some indicator repaint....this Sadukey looks promising...almost too prefect...can anybody confirm, it doesnt repaint? So when the dot is plotted on the close of the candle = its definitive, no change afterwards?

I reviewed the code and can say that it does not repaint already closed candles, only the fresh one.

Thanks a lot Nikolay!
Have a good one,
carl

Hello,

nice indicator, can you please share the algorythm of this indicator so that I can understand what it is doing?

Thank you, good work,

motoko

The formula is quite complicated.
After you download the indicator on your računalao,
open the file with any text editor.
The formula used by algooritam, should be clear then.

First, Define Variables Price1 and Price 2

Code: Select all

  Price1[period]=((source.open[period]+source.close[period]+source.high[period]+source.low[period])/4.+source.close[period])/2.;
        Price2[period]=((source.open[period]+source.close[period]+source.high[period]+source.low[period])/4.+source.open[period])/2.;

Second, Define Variables Price1 and Price 2

Code: Select all

  local B1= 0.11859648*Price1[period]
                  +0.11781324*Price1[period-1]
                  +0.11548308*Price1[period-2]
                  +0.11166411*Price1[period-3]
                  +0.10645106*Price1[period-4]
                  +0.09997253*Price1[period-5]
                  +0.09238688*Price1[period-6]
                  +0.08387751*Price1[period-7]
                  +0.07464713*Price1[period-8]
                  +0.06491178*Price1[period-9]
                  +0.05489443*Price1[period-10]
                  +0.04481833*Price1[period-11]
                  +0.03490071*Price1[period-12]
                  +0.02534672*Price1[period-13]
                  +0.01634375*Price1[period-14]
                  +0.00805678*Price1[period-15]
                  +0.00062421*Price1[period-16]
                  -0.00584512*Price1[period-17]
                  -0.01127391*Price1[period-18]
                  -0.01561738*Price1[period-19]
                  -0.01886307*Price1[period-20]
                  -0.02102974*Price1[period-21]
                  -0.02216516*Price1[period-22]
                  -0.02234315*Price1[period-23]
                  -0.02165992*Price1[period-24]
                  -0.02022973*Price1[period-25]
                  -0.01818026*Price1[period-26]
                  -0.01564777*Price1[period-27]
                  -0.01277219*Price1[period-28]
                  -0.00969230*Price1[period-29]
                  -0.00654127*Price1[period-30]
                  -0.00344276*Price1[period-31]
                  -0.00050728*Price1[period-32]
                  +0.00217042*Price1[period-33]
                  +0.00451354*Price1[period-34]
                  +0.00646441*Price1[period-35]
                  +0.00798513*Price1[period-36]
                  +0.00905725*Price1[period-37]
                  +0.00968091*Price1[period-38]
                  +0.00987326*Price1[period-39]
                  +0.00966639*Price1[period-40]
                  +0.00910488*Price1[period-41]
                  +0.00824306*Price1[period-42]
                  +0.00714199*Price1[period-43]
                  +0.00586655*Price1[period-44]
                  +0.00448255*Price1[period-45]
                  +0.00305396*Price1[period-46]
                  +0.00164061*Price1[period-47]
                  +0.00029596*Price1[period-48]
                  -0.00093445*Price1[period-49]
                  -0.00201426*Price1[period-50]
                  -0.00291701*Price1[period-51]
                  -0.00362661*Price1[period-52]
                  -0.00413703*Price1[period-53]
                  -0.00445206*Price1[period-54]
                  -0.00458437*Price1[period-55]
                  -0.00455457*Price1[period-56]
                  -0.00439006*Price1[period-57]
                  -0.00412379*Price1[period-58]
                  -0.00379323*Price1[period-59]
                  -0.00343966*Price1[period-60]
                  -0.00310850*Price1[period-61]
                  -0.00285188*Price1[period-62]
                  -0.00273508*Price1[period-63]
                  -0.00274361*Price1[period-64]
                  +0.01018757*Price1[period-65];

       local B2= 0.11859648*Price2[period]
                  +0.11781324*Price2[period-1]
                  +0.11548308*Price2[period-2]
                  +0.11166411*Price2[period-3]
                  +0.10645106*Price2[period-4]
                  +0.09997253*Price2[period-5]
                  +0.09238688*Price2[period-6]
                  +0.08387751*Price2[period-7]
                  +0.07464713*Price2[period-8]
                  +0.06491178*Price2[period-9]
                  +0.05489443*Price2[period-10]
                  +0.04481833*Price2[period-11]
                  +0.03490071*Price2[period-12]
                  +0.02534672*Price2[period-13]
                  +0.01634375*Price2[period-14]
                  +0.00805678*Price2[period-15]
                  +0.00062421*Price2[period-16]
                  -0.00584512*Price2[period-17]
                  -0.01127391*Price2[period-18]
                  -0.01561738*Price2[period-19]
                  -0.01886307*Price2[period-20]
                  -0.02102974*Price2[period-21]
                  -0.02216516*Price2[period-22]
                  -0.02234315*Price2[period-23]
                  -0.02165992*Price2[period-24]
                  -0.02022973*Price2[period-25]
                  -0.01818026*Price2[period-26]
                  -0.01564777*Price2[period-27]
                  -0.01277219*Price2[period-28]
                  -0.00969230*Price2[period-29]
                  -0.00654127*Price2[period-30]
                  -0.00344276*Price2[period-31]
                  -0.00050728*Price2[period-32]
                  +0.00217042*Price2[period-33]
                  +0.00451354*Price2[period-34]
                  +0.00646441*Price2[period-35]
                  +0.00798513*Price2[period-36]
                  +0.00905725*Price2[period-37]
                  +0.00968091*Price2[period-38]
                  +0.00987326*Price2[period-39]
                  +0.00966639*Price2[period-40]
                  +0.00910488*Price2[period-41]
                  +0.00824306*Price2[period-42]
                  +0.00714199*Price2[period-43]
                  +0.00586655*Price2[period-44]
                  +0.00448255*Price2[period-45]
                  +0.00305396*Price2[period-46]
                  +0.00164061*Price2[period-47]
                  +0.00029596*Price2[period-48]
                  -0.00093445*Price2[period-49]
                  -0.00201426*Price2[period-50]
                  -0.00291701*Price2[period-51]
                  -0.00362661*Price2[period-52]
                  -0.00413703*Price2[period-53]
                  -0.00445206*Price2[period-54]
                  -0.00458437*Price2[period-55]
                  -0.00455457*Price2[period-56]
                  -0.00439006*Price2[period-57]
                  -0.00412379*Price2[period-58]
                  -0.00379323*Price2[period-59]
                  -0.00343966*Price2[period-60]
                  -0.00310850*Price2[period-61]
                  -0.00285188*Price2[period-62]
                  -0.00273508*Price2[period-63]
                  -0.00274361*Price2[period-64]
                  +0.01018757*Price2[period-65];

The final results depends on the comparison of B1 and B2

Code: Select all

 if B1 > B2 then
            bufferUp[period] = B1;         
        else
            bufferDn[period] = B2;
         
        end

Is there anyway we can get a Multiple Time Frame version of this indicator? For example, if I wanted to use the 1-hour chart for entry, I would want this indicator looking at a 4-hour chart or the daily chart but plotting the points on the 1-hour chart. That way I don't have to waste time jumping back and forth between time frames.