Sure
Good point too add the min then
Printable View
Sure
Good point too add the min then
Hi thor68,
Please check out the updated VoltyChannel_Stop indicator with the new parameters MinMultiplier and CountBars.
Attachment 30430
Regards,
Igor
Thanks
Its missing the most important new parameter though.
Step Multiplier Change: .2 (Default)
The request was:
Can you make some additions to latest version of this indicator (v6.4 I believe)?
I want to have the Multiplier input to decrease over time to constrict the channel.
Inputs:
Bar to start Multiplier Change: 5 (default)
Step Multiplier Change: .2 (Default)
If Multiplier is set to 2 then at bar 5 it would change to 1.8 and bar 6 would be 1.6 and so on.
I assume your CountBars is the same as Bars to Start Multiplier Change from above?
Please Fix?
Hi thor68,
I suppose you know how the ratchet algorithm works? If not I can explain:
First, if you see the signal dot then the multiplier is equal the initial value (see the Multiplier parameter) on this bar. If the current price moves in your favor then the multiplier decreases on the Ratchet parameter value(eg 0.25) on each bar when it happens. Or the multiplier is equal the value on the previous bar if the market moves against you.
So as you can see there is a reason to have the MinMultiplier parameter which should prevent the excessive decreasing on the multiplier during the strong market moves in your favor.
But I don't see any reason to add the Bar to start Multiplier Change parameter because it'll be too subjective.
Regards,
Igor
What does the CountBars do or for then?
Hi,
Please check out the updated VoltyChannel_Stop indicator with the new set of prices. Plus the High/Low breakout mode added.
Attachment 31472
Regards,
Igor
Can you update Histro version as well and the Price Channel version too?
Hi thor68,
Please check out the updated VoltyChannel_Stop Histo indicator which is corresponding to the new VoltyChannel_Stop. Plus I added an ability to show the Rising/Falling Up/Downtrend if MA Period > 1.
Attachment 31500
Regards,
Igor
Hi thor68,
Please check out the updated VoltyChannel_Stop indicator with an ability to plot the color bars.
Attachment 31545
Regards,
Igor
Hi,
Please check out the updated VoltyChannel_Stop indicator with the new sets of MAs and prices.
Attachment 34502
Regards,
Igor
Premium section new -
VoltyChannel_Stop_v6_8 indicator for MT5 is on this post. This is updated indicator for using the new set of MAs.
Attachment 34542
Attachment 34543
Attachment 34544
Look at this post #1366
VIDYA N Bars Borders Martingale - expert for MetaTrader 5
Attachment 45880
Quote:
The EA receives signals from the custom indicator 'VIDYA N Bars Borders'. Before executing a trading signal, the EA checks the current profit - if the profit is negative, then the signal is executed with an increased lot (the 'Position Increase Ratio' setting works).
Lol. This was over 10 years ago...
There is no problem with VoltyChannel_Stop for MT4, for example - VoltyChannel_Stop_v2_1M indicator (attached).
This indicator is from CodeBase here and it is almost same as indicator from the first post (indicator from the first post is not available for now but indicator attached is almost same one):
And this is VoltyChannel_Stop indicator for MT5 (indicator is attached):
And some more from CodeBase:
- VoltyChannel_Stop - indicator for MetaTrader 5
- VoltyChannel_Stop_HTF - indicator for MetaTrader 5