FXCodeBase.COM: Forex Chart Indicators and Development

With this indicator you can create Overlay for most indicator over there.
The available filters are.
1) Slope -based on a relation to previous period value.
2) Position - based on a relation to the signal line
The signal line is the moving average of the indicator selected.
3) Level -based on a relation to user-defined Level
4) Overbought / Oversold - based on a user-defined Overbought / Oversold Levels



Two Indicator Generic Overlay will show the relationship between the two indicator lines.
In this case, 25 MVA and MVA 50

MT4/MQ4 version is available here.
viewtopic.php?f=38&t=64503

The indicator was revised and updated

hello Apprentice,

is it possible to modify another version of Generic Overlay that can use DATA SOURCE of other indicators, please?
thank you so much for your great work.

A Generic Overlay with alert, based on color change, would open up a world of possibilities.

Thanks

easytrading,
It is possible in theory.
The problem is, to have a candle overlay in one indicator,
we have to have the whole bar of data.
Only In theory u can write a signal indicator indicator,
on the basis of which, Overlay will be generated.

kindly, Apprentice a strategy based on color changing for GENERIC OVERLAY will be a great help,

buy on green
sell on red
disregard the gray
close old and open a new position on opposite color.

many thanks and appreciation as always in advance.

Requested can be found here.
viewtopic.php?f=31&t=62262

I'm using the position relation to signal line and smoothing on the 1 minute chart. I'm sometimes getting a repainting of colors when I refresh the charts. Is this to be expected?

Yes. All depends on the underlying inicator.

kindly Apprentice,could you add another filter to GENERIC OVERLAY that support (0 data stream) so we can overlay indicators that uses arrows or dots (NOT lines) like trend_signal indicator,please ?
with many many thanks....

Unfortunately, we can not read all indicator output types.
One example would be the fractal indicator.
At best, some of them require a different logic.
Therefore we can not provide a generic solution for all indicators out there.