Hi ND,
I observed, NRTR is ensuring 10-20pips around EU/London Open(GBP pairs). Great one.
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The NRTR indicator and trading modules based on NRTR for the MQL5 Wizard
Attachment 31188
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In this article we consider an indicator that builds a dynamic price channel. A trading Expert Advisor is created based on this channel. Such systems can perform well in trend periods, but give a lot of false signals in flat movements. Therefore additional trend indicators are required. Choosing an appropriate indicator is not an easy task, and the choice often depends on specific market conditions. Therefore, a good solution is to provide for a possibility to quickly connect any selected indicator to a ready trading system.
That's why we will use the following approach. We will create a special module of trading signals for the MQL5 Wizard. Later on we will be able to create a similar module based on any selected trend indicator to produce Yes/No signals indicating the presence or absence of a trend. A combination of multiple modules can be used when creating a trading system, so we can easily combine various indicators.
Two Horizontal Lines - expert for MetaTrader 5
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The user initially draws two lines on the chart - Horizontal Line "UP" Name and Horizontal Line "DOWN" Name . Further, the adviser places these lines at the maximum and minimum prices of the previous day. When moving the lines, Open and Close prices are taken into account so that the Horizontal Line "UP" Name line is always above and the Horizontal Line "DOWN" Name line is at the bottom.
Stalin_NRTR - indicator for MetaTrader 5
Attachment 36940
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HTF/MTF version of this indicator:
Stalin_NRTR_HTF - indicator for MetaTrader 5
Good afternoon Mr. Igorad
Look at the image that I attach
Attachment 39169
There have been two continuous bearish signals, with no bullish signal in between.
It's the first time that I see it
It is normal??
I am looking forward to your response.
Receive a warm greeting
I am not Igorad ... but as far as I understand - this NRTR Color Line indicator is used to be as a filter (to filter false bearish/bullish signals).
So, it is not a signal indicator telling about where to buy and where to sell for example.
Besides, this indicator may tell about reversal (from bearish to the bullish and vice versa).
Hi Sergey:
Besides, this indicator may tell about reversal (from bearish to the bullish and vice versa)
Correct Sergey
Never observe two consecutive signals in the same direction
Always a bullish signal followed by a bearish signal
* For that reason I reported it, I did not see it normal, and I thought that surely something was wrong in the code.
It is surely a good signal filter, even if it was built for that reason.
I am studying it to give it another use
Attachment 39170
It's an idea :(contento):
Attachment 39171
Thanks anyway Sergey