2009.11.07 TRO_GRIDIRON

[TheRumpledOne]

2009.11.07 TRO_GRIDIRON



TRO_GRIDIRON displays "gridiron" lines based on the high/low for the number of bars entered. If myBars = 0, then TRO_GRIDIRON will use all of the visible bars to determine the high and low. The input myGrid controls the number of grid lines. If myGrid = 10, then lines will be drawn every 10 percent. If myGrid = 20, then lines will be drawn every 20 percent.

The gauge displays the current price, pips from the low and % retrace from the low. The gauge, lines and line labels can be turned on/off and colors changed via user inputs.


FREE MT4 version of TRO_GRIDIRON, including SOURCE CODE, attached.


PLEASE DO NOT POST MY CODE ON OTHER FORUMS.




UPDATE: 2009.11.09 fixed object left behind when gauge turned off

[noone22]

Thanks TRO.

How this indi could be used in practice?
To draw Fibs or to measure the swing waves?

[TheRumpledOne]

In practice, you can use TRO_GRIDIRON to see exactly where price is in relation to the highest high and lowest low of the bars counted.

The lines are plotted as an evenly spaced grid, like an American football field.

Use TRO_GRIDIRON on a daily, weekly and/or monthly chart to see if price is in the LONG ZONE (0 - 20%) or SHORT ZONE (80 - 100%).

You can also use TRO_GRIDIRON on an intraday chart if you are scalping.

The %retrace could be thought of as a Fibonacci retrace. TRO_DYNAMIC_FIB plots the fib levels.

[noone22]

Great!

[RockHardTen]

TRO,

Any chance of getting a decimal pt for the my grid input?

Thx

[TheRumpledOne]

Not at this time.

What is the reason you want a decimal point?

[RockHardTen]

Not at this time.

What is the reason you want a decimal point?

To be able to have the lines equidistant with #'s that are not divisible by 10