Wilders Trailing Stop indicator

[evansrono]

Hi,

It works fine. Appreciate your work. BIG THANKYOU!!

Regards

[sonychen59]

Hi,

The "Wilders_Trailing_Stop_MTF" indicator shows the entry on chart very almost correctly.

If I create an EA with this indicator, that will be great.
But I try to get this indicator's return values and figure it out as a rule for entry,
the rule is not good exactly.

Would you make this indicator return 1 for buy entry and -1 for sell entry?

I appreciate it.

P.S.:
The indicator returns two values.
My rule is:
Buy entry => 1st value = 1800.12, 2nd value = 1800.12
Sell entry => 1st value = 1800.12, 2nd value = 2147483647

[sonychen59]

Original LUA indicator: viewtopic.php?f=17&t=60028.

Formulas:
WTS[i] = Max(WTS[i-1], Close[i]-loss), if Close[i]>WTS[i-1] and Close[i-1]>WTS[i-1],
WTS[i] = Min(WTS[i-1], Close[i]+loss), if Close[i]<WTS[i-1] and Close[i-1]<WTS[i-1],
WTS[i] = Close[i]-loss, if Close[i]>WTS[i-1],
WTS[i] = Close[i]+loss, in other cases, where
loss = Coeff*ATR,
ATR - Average True Range with Period.

Wilders_Trailing_Stop_MQL.PNG

Download:

Wilders_Trailing_Stop.mq4

Wilders_Trailing_Stop_MTF.mq4

Wilders_Trailing_Stop_dashboard.mq4

Wilders Trailing Stop MTF Alert.mq4

Dear Sir,

Could you make these indicators return 1 for 'Buy' and -1 for 'Sell' ?

[Apprentice]

Your request is added to the development list.
Development reference 2371.

[Apprentice]

Why do you need that? To use in EA?
Wilders Trailing Stop MTF Alert.mq4 does have two streams for that: up and down

[sonychen59]

Why do you need that? To use in EA?
Wilders Trailing Stop MTF Alert.mq4 does have two streams for that: up and down

Hi, Sir,

The "Wilders Trailing Stop MTF Alert.mq4" seems to work not well as below shown:

[Apprentice]

Can you elaborate on what's wrong?

[sonychen59]

Can you elaborate on what's wrong?

Hi Sir,

The "Wilders Trailing Stop MTF Alert" indicator with default value on the chart is floating over the K bars.

Is it normal?

[sonychen59]

Can you elaborate on what's wrong?

Hi Sir,

The picture shows the "Wilders Trailing Stop MTF Alert" and "Wilders Trailing Stop MTF" indicators on the chart.

The "Wilders Trailing Stop MTF" indicator can tell the trend
but the "Wilders Trailing Stop MTF Alert" not.

The "Wilders Trailing Stop MTF Alert" indicator is always above the K bars.
The "Wilders Trailing Stop MTF" indicator shows Blue and below the K bars for Trend Up,
then shows Yellow and above the K bars for Trend Down.

[Apprentice]

I don't have any difference between these two indicators.
They both show the same values