Addition to PMO Helper Indicator

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Addition to PMO Helper Indicator

Postby jrichardson83 » Fri Apr 26, 2019 2:23 am

I wanted to request that the entry/target algorithm used in the SAR Price Targets indicator (attached) be added to the Non-Standard Timeframe PMO Helper indicator (also attached).

Thanks
Attachments
Non-standard Timeframe PMO Helper.lua
(7.64 KiB) Downloaded 58 times
Other Time Frame SAR Price Targets Fixed.lua
(40.88 KiB) Downloaded 58 times
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Re: Addition to PMO Helper Indicator

Postby Apprentice » Fri Apr 26, 2019 6:39 am

Your request is added to the development list under Id Number 4619
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Re: Addition to PMO Helper Indicator

Postby Apprentice » Mon Apr 29, 2019 4:30 am

We can't figure out how it should look like. In order to calc profit values, we need two levels but this indicator provides only one
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Re: Addition to PMO Helper Indicator

Postby jrichardson83 » Mon Apr 29, 2019 2:02 pm

Apprentice wrote:We can't figure out how it should look like. In order to calc profit values, we need two levels but this indicator provides only one


I was thinking that you would essentially draw the stop/entry/targets based off of the candle on which the indicator prints. See image

PMO Helper.png
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Re: Addition to PMO Helper Indicator

Postby Apprentice » Wed May 01, 2019 6:18 am

Risk / Reward will be a multiplier on candle range?
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Re: Addition to PMO Helper Indicator

Postby jrichardson83 » Wed May 01, 2019 12:38 pm

Apprentice wrote:Risk / Reward will be a multiplier on candle range?


The R/R would be based off of the previous low or high relative to the candle on which the signal is being printed. Such as you calculated in the Moving Average Targets indicator recently.

movingaverage.png
Attachments
Moving Averge Crossover Alert wTargets.lua
(36.4 KiB) Downloaded 58 times
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Posts: 194
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