What is Best Indicator to Filter for a Choppy Market

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CarsonS9
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Postby CarsonS9 » Sun Jan 31, 2010 1:44 am

Nice indicator. Is it one you mind posting for others?

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bredin
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Postby bredin » Sun Jan 31, 2010 8:41 am

CarsonS9 wrote:Nice indicator. Is it one you mind posting for others?


Here is is, with some explanations

Set iPeriodsX to 0 to disable a timeframe
Show.Valid.Only toggle all results with Sort.Period average < Threshold

StopPeriod, StopiPeriods sets the stoploss calculation, StopMod is the multiplier. you may or may not find this useful :)

If you want pairs other than listed, or need to remove ones that your broker does not carry, you'll have to alter the code in the setPair() function and the number in the array declarations- it should be a self evident modification from the context provided. I could tidy this up myself but its not worth the time investment just now.

Cheers
G

EDIT: I have niced up II_DB_RANGE:
1. It no longer needs a supporting indi (the code is now cleaner and quicker)
2. It has more pairs available, if you trade something that is not already here, just let me know or tweak the code yourself, it should be contextually obvious.
3. If NOTHING SHOWS UP THIS MEANS YOU HAVE A PAIR ENABLED THAT YOUR BROKER DOES NOT SUPPORT, so just turn it off. I have not found a way to test for this automagically (Blubbb, TRO, or anyone else can feel free to enlighten me).
Attachments
II_DB_RANGE.mq4
(9.36 KiB) Downloaded 35 times
II_DB_RANGE.ex4
(15.99 KiB) Downloaded 28 times
Last edited by bredin on Wed Feb 03, 2010 10:44 am, edited 2 times in total.
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CarsonS9
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Postby CarsonS9 » Sun Jan 31, 2010 2:59 pm

Thanks for that. I attached it to a chart and it only showed AUDCAD all the way down. Also just listed 0.0 for everything. I took a look at the code and maybe this calls on another indicator "II_Range"?

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bredin
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Postby bredin » Sun Jan 31, 2010 6:53 pm

CarsonS9 wrote:Thanks for that. I attached it to a chart and it only showed AUDCAD all the way down. Also just listed 0.0 for everything. I took a look at the code and maybe this calls on another indicator "II_Range"?


Doh, II_RANGE attached here, I had intended to include this straight into the dashboard, but never got round to it....

Cheers
G
Attachments
II_RANGE.ex4
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II_RANGE.mq4
(1.62 KiB) Downloaded 33 times
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Humble
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Postby Humble » Tue Feb 02, 2010 5:57 am

Thanks bredin, is there anything I should do to get the spread column to populate?
Is price closing higher or lower than something? Simple yet powerful question. ..MO

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bredin
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Postby bredin » Tue Feb 02, 2010 8:29 am

Humble, fixed version uploaded.

Next update for this will include the II_RANGE code and one or two other niceties that I have planned :)

Cheers
G
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vladv
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Postby vladv » Tue Feb 02, 2010 10:50 am

I can't wait for it!This is really good indicator.

Humble
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Postby Humble » Wed Feb 03, 2010 4:09 am

+ 1, thanks for the update bredin.
Is price closing higher or lower than something? Simple yet powerful question. ..MO

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bredin
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Postby bredin » Wed Feb 03, 2010 10:49 am

Ok guys, new version up. should be about as functional as it is going to get :)

Cheers
G
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