SNS_CANDLESPLUS

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snscott
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SNS_CANDLESPLUS

Postby snscott » Tue Oct 20, 2009 9:32 pm

This is an indicator I wrote or pieced together that lets you display customized candles, with a lot of options, like making the candle bodys and wicks thicker for easier viewing. I've included a PDF manual that explains most, if not all of it along with screen shots. I've included a couple of screen shots from that manual here to give you an idea of what it does:

Image



Image

It has a "THERE IS NO TREND" mode (monotone candles) and a "SHOW ONLY X CANDLES" mode so that masters like TRO who tell us that TREND is all in our heads and that only the current candle matters can set it to display ONLY the current candle. :P

This will probably evolve even more over time - if it generates any interest.
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Version History

[hr]
VERSION HISTORY
v1.0 Initial Release 10/20/2009
v1.0.1 Added [Pair] property to allow mutliple pairs candles to be on one chart 10/21/2009
v1.1 Added Rat Trading Zone highlighting 10/24/2009
v1.2 Added optional period PIVOTS dots 11/06/2009
v1.3 Adjusted defaults to minimal settings and rearranged properties 11/15/2009
v1.4 Minor adjustments and enhancements and to use SNS_ObjectLibrary.mqh 11/30/3009

[hr]
Attachments
candles+.zip
Indicator source, manual, and a simple templates with the white background color scheme
(255.25 KiB) Downloaded 83 times
Last edited by snscott on Tue Dec 01, 2009 8:28 pm, edited 5 times in total.
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Postby noone22 » Wed Oct 21, 2009 12:06 am

Thank you, Steven.
Really great contribution!

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Patch
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Postby Patch » Wed Oct 21, 2009 12:46 am

snscott

Great indi and template package. Could you post the template for the screen you have in your first post. I like you color pattern above more than the black background. I couldn't resist adding the Semafors. Thanks very much.

Patch
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Attachments
sns templat black bg.jpg
sns templat black bg.jpg (198.77 KiB) Viewed 963 times
ENOUGH being a Yalie for me Back to the Sea. "What i can lose, i can win" "YES YOU CAN" - dragon33 -"Pick one method and one pair and stick with them until you master it. "The choice is yours - success or failure." TRO

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Postby PINKPANTHER5 » Wed Oct 21, 2009 1:23 am

Good one Scott :D

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Postby vladv » Wed Oct 21, 2009 10:28 am

We need the template file too,snscott!Please....

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Postby snscott » Wed Oct 21, 2009 12:55 pm

vladv wrote:We need the template file too,snscott!Please....


Ok, added templates as separate attachments to first post - although the default settings for the indicator match the black background template - so really, the WHITE background template is the only real "difference". I added the white version for Patch (although I had to recreate it from memory, Patch, as I had not saved that particular color scheme :-) )

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RAT ZONE MARKER?

Postby snscott » Thu Oct 29, 2009 6:41 pm

I'm tinkering with having the CandlesPlus indicator [optionally] highlight the RED and GREEN "RAT Opportunity" zones - the areas 20 pips from the daily high or low.

Right now, it looks like this (H1 chart with daily candle highlighted (dimly) behind):

Image

Would people find that useful? Right now I have it set to only pop up if the price gets to within a user-defineable pip-range, otherwise it does not display - which is why there is no GREEN Rat Zone shown here. I could make it so that these zones remain visible all the time.

It is interesting at the beginning of the day when the daily high and low are so close together that the RED and GREEN Rat Zones overlap each other.

Keep in mind that these boxes or "zones" are "Opportunity" zones - places where the price is most likely either going to break through and make a new high/low, OR the price could "bounce" off the high/low and start retracing - which is what makes it an "opportunity" for the properly colored rat.

The Message displayed on the box is also user-definable.

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Postby snscott » Thu Oct 29, 2009 8:01 pm

This is a before-after shot showing the rat zone thing in action:

Price is in RED RAT ZONE (near daily high - actually has already hit the daily high here and is starting to retrace:

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And here we see what the chart looks like after the price has moved beyond the "alert me" range for the red rat zone (it goes away)...

Image

This, by the way, is what TRO means when he says this area of the chart presents an OPPORTUNITY. There is no guarantee, but as you can see above, the price bumped up against the daily high... even pushed it up some, but then started retracing and "feeding the red rats". This is why it is signaled as a "heads up" to RED rats when the price approaches the DAILY high extreme (to this point) like above.

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Postby pip9999 » Fri Oct 30, 2009 12:15 am

snscott wrote:This is a before-after shot showing the rat zone thing in action:

Price is in RED RAT ZONE (near daily high - actually has already hit the daily high here and is starting to retrace:

Image

And here we see what the chart looks like after the price has moved beyond the "alert me" range for the red rat zone (it goes away)...

Image

This, by the way, is what TRO means when he says this area of the chart presents an OPPORTUNITY. There is no guarantee, but as you can see above, the price bumped up against the daily high... even pushed it up some, but then started retracing and "feeding the red rats". This is why it is signaled as a "heads up" to RED rats when the price approaches the DAILY high extreme (to this point) like above.

----------------
Hi Snscott,

Nice to see you focusing on Tro Rat reversal Method.

I've just thinking if someone can make Rat Reversal box/Trigger-le as follow :

- Green RAT Reversal Box Plot appears(automaticcaly) after Evening Doji Star Candle closed (shooting star etc) within 20pips Daily Low.(I don;t know if it is possible to code this kind Green Rat Reversal Box).

- If Evening doji star GREEN, waiting next GREEN BAR, Trigger line will be plotted in "next bar Green after Green-doji" HIGH. (V-shape reversal pattern)

- If Evening doji star GREEN, sign of bullish---NO Trade (It can be a valid Green Rat reversal too(L=shape or W-shape reversal pattern), but we must wait for the next 2-5 candle pattern).

reference :
http://www.mysmp.com/technical-analysis ... stars.html

Cheers,

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Postby TheRumpledOne » Fri Oct 30, 2009 12:21 am

Doji?

Sounds like YALE TALK to me....

KEEP IT SIMPLE!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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