TRO 2017 DONATIONAL INDICATORS

[TheRumpledOne]

USDJPYDaily.png (47.02 KiB) Viewed 3818 times

USDJPYH1.png (61.42 KiB) Viewed 3818 times

GBPJPYH4.png (68.07 KiB) Viewed 3818 times

[adrian2012]

Coding Request:

For the Price Travel Analyzer, I would like to see how often (weekly) price closed BELOW (weekly) open multiplied by 1.005 (or half of one percent). I would like to request the support of multiplication on the 'myPriceA1/B1/etc'. I see you support a +/- offset, hope it's not too far of a leap to add in multiplication.

thanks!

[adrian2012]

So, I altered the code to suit my needs (in a hackish way) and got it to do what I want, the picture shows my "big idea"

Imagine there is a 1% price band around the weekly open:

the upper band is weekly open price multiplied by 1.01
the lower band is weekly open price multiplied by .99

From my screen shot, it shows that price does not like to close beyond 1% of the weekly open on the AUDUSD either long or short. I know at least 71% of the time price will be contained within the band.

This shows me I can try and get away with an options play that wins with the price being contained in this zone for this pair on the weekly time frame.
The "beyond 1% zone" could also be a good reversal area for a reversal play.

Thoughts anyone?

[adrian2012]

I don't know if you can see the numbers in the top right corner, here's a bigger picture.

[adrian2012]

A modification to TRO_HL5 to show the N% band would also be awesome =)

[TheRumpledOne]

You guys are working me too hard...Lol!!

[adrian2012]

I couldn't help myself, I modded the TRO_HL5 to get the percent levels I wanted.

Picture shows GBPUSD weekly bouncing off lower 1% level of weekly open. Upper 1% level was never touched. Its *almost* market close so I suppose price could close below it =)

Just to clarify weekly open was 1.2286

upper level is 1.01 * 1.2286 = 1.2408
lower level is .99 * 1.2286 = 1.2163

TRO lets open a Github repo and do code branch/merges, I'll lend a hand, lol

[adrian2012]

Past 10 candles...

[adrian2012]

Other pairs, alright, I'm done tickling MT4 code, back to some other code, have a good weekend y'all

[TheRumpledOne]

I couldn't help myself, I modded the TRO_HL5 to get the percent levels I wanted.

Picture shows GBPUSD weekly bouncing off lower 1% level of weekly open. Upper 1% level was never touched. Its *almost* market close so I suppose price could close below it =)

Just to clarify weekly open was 1.2286

upper level is 1.01 * 1.2286 = 1.2408
lower level is .99 * 1.2286 = 1.2163

TRO lets open a Github repo and do code branch/merges, I'll lend a hand, lol

Send an email to me about this.