This is a discussion on Requests and Raw Ideas within the General Discussion forums, part of the Trading Forum category; Originally Posted by bavinmoor Our business website has been compromised we just found out two days ago. Apparently, our security ...
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Dear newdigital
Can i ask,is there a indicator showing/printing (on chart) previous low in up trend and previous high in down trend (previous HiLo means a candle that is higher/lower than its left right candles,of course this will be detect after completion of third candle (last one of three) .... i want use it in trailing stop.
regards
I am not sure that I understand you in right way ... but if it is high/low for every timeframe incl custom timeframe on one chart so you can look at this thread - especially on this post for example:
- MaksiGen_Range_Move mtf 2 indicator - we can attach many indicators to the chart with different timeframe parameter and UniqueID parameter - for example: timefrage = 60 for UniqueID = MaksiGen1, and same indicator may be attached to the same chart with timefrage = 1440 for UniqueID = MaksiGen12, and so on.
Indicator is showing 2 high/low levels together trend lines.
Indicator is having Pfast and Pslow parameters and they are the number of bars so you can select high/low started from/to any bars of the chart for any timeframe which will be plotted on one your chart for example.- 5_day_breakout indicator - you can select 1-day high/low, 10-day high low or any.
If you need something special so you can describe it here and Igorad may code it (if he is not busy on the other request in this time for example).
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Dear newdigital
so much thanks for taking time and help.
i am sorry,i was not able to explain well and make you understand,actually i asked for some indicator that show previous high in sell (down) trend and previous low in buy (up) trend....... for to trail trailing stop loss,usually other methods and indicators are used for trailing stop loss but i want trail SL with/according to previous HiLo,that is logical,i observed often when price break previous HiLo,it take reverse,but not rule of thumb but usually do this way and expected this way too (also we can stay away from HiLo few more pips as per our strategy because some times price break previous HiLo few pips but move ahead on its current trend) ..... so when the previous high break in sell trend as shown in picture with blue line,some part of trade or 33% or 50% trade volume can be closed and rest of trade volume might be closed by trading logic ...... and trailing SL should move within HiLo,when a next HiLo form the SL should move at previous HiLo position/spot regardless of counting number of pips (how many pips,trailing SL should away behind price) hope i explained well if you require more explanation ,i will be happy to demonstrate with more pictures.
regards
You may use FractalChannel_Stop_v5.1 600+ indicator for trailing stop from this post for example. If not so you can select something using this wiki thread for example.
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Hi newdigital
Thanks for reply and help guide ...... very first thing,did you understand exact what i needs and for what ?
I visited all 2 places,fractal is not that kind of detecting HiLo the way i describe and the wiki thread means i have to read/study all and every post,needs a lot of time,even then may be there is nothing like that,so you don't remember if there was some thing invented ever,you have a long experience of indicators and their applications,almost every single indicator pass through your eyes,no single site is hidden from you,aside from this,you experimented every thing by your own since from 2005 up to today,check and tested every indicator and EA,back test/forward test ...... if there can be some thing hidden from your knowledge,i don't think so....... so if you remember some thing like that or do you think it needs to be coded/invented ..... and kindly advise,if it is useful to use as trailing stop,and/or any substitute/alternative.
regards
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