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PriceChannel_Stop

This is a discussion on PriceChannel_Stop within the Trading tools forums, part of the Trading Forum category; Hi All, Please take a look at the latest version of PriceChannel_Stop indicator, the first version of which was developed ...

          
   
  1. #1
    Developer igorad's Avatar
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    PriceChannel_Stop

    Hi All,

    Please take a look at the latest version of PriceChannel_Stop indicator, the first version of which was developed for MT3 in 2005.
    In this version I added the new important parameter - Ratchet:
    • < 0 - stops follow by the channel strictly
    • = 0 - stops move in one direction(similar to old versions)
    • > 0 - stops follow by the channel with period of which will gradually decrease with each new HH/LL for uptrend or downtrend respectively.

    This parameter can be a fractional value, for example, if it's equal 0.25 then the period will decrease every 4 HH bar for uptrend.

    Code:
    extern int     TimeFrame            =     0;    //TimeFrame in min
    extern int     UpBandPrice          =     2;    //Upper Band Price(ex.2 for High)     
    extern int     LoBandPrice          =     3;    //Lower Band Price(ex.3 for Low) 
    extern int     ChannelPeriod        =     9;    //Channel Period (eg.9)
    extern double  Risk                 =     0;    //Channel Narrowing Factor(0...0.5)   
    extern double  Ratchet              =   0.0;    //Ratchet(-1-off,>= 0-on) 
    extern double  MoneyRisk            =  1.00;    //Offset Factor(eg.1.2)
    
    extern int     SignalMode           =     1;    //SignalMode: 0-off,1-on 
    extern int     LineMode             =     1;    //Line mode : 0-off,1-on  
    extern int     DotMode              =     1;    //Dot mode  : 0-off,1-on  
    extern int     BarsMode             =     1;    //Bars mode : 0-off,1-on  
    
    extern string  alerts               = "--- Alerts & Emails ---";
    extern int     AlertMode            =     0;
    extern int     SoundsNumber         =     5;    //Number of sounds after Signal
    extern int     SoundsPause          =     5;    //Pause in sec between sounds 
    extern string  UpSound              = "alert.wav";
    extern string  DnSound              = "alert2.wav";
    extern int     EmailMode            =     0;    //0-on,1-off   
    extern int     EmailsNumber         =     1;    //0-on,1-off

    PriceChannel_Stop-pc_stop_9.png


    Regards,
    Igor
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    Dormi, nwdean, HDHORDA4 and 2 others like this.

  2. #2
    Administrator newdigital's Avatar
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    This version of PriceChannel_Stop is very interesting especially for Brainwashing system:

    PriceChannel_Stop-eurusd-h4-alpari-nz-limited-2.png

  3. #3
    Developer igorad's Avatar
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    Important: MT5 version added to the 1st post.

    PriceChannel_Stop-pc_stop_9-mt5.png
    Pulse likes this.

  4. #4
    Administrator newdigital's Avatar
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    Just for the history - this is PriceChannel_Stop indicator first version ...

    PriceChannel_Stop-usdchf-d1-alpari-nz-limited-price-channel-1-old-version.png
    Attached Files Attached Files

  5. #5
    Administrator newdigital's Avatar
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    I think - we can use PriceChannel_Stop_v9 indicator instead of DeltaStop indicator in Trend Scalp Hacolt trading system.

    Just to compare :

    with DeltaStop indicator :


    PriceChannel_Stop-eurusd-m5-ibfx-inc.png



    with PriceChannel_Stop_v9 indicator :


    PriceChannel_Stop-eurusd-m5-ibfx-inc-2.png
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  6. #6
    Developer igorad's Avatar
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    Hi,

    Please check out the fixed version of the PriceChannel_Stop indicator with algorithm which fully corresponds to the latest versions of the FractalChannel_Stop and VoltyChannel_Stop.

    PriceChannel_Stop-pc_stop_9.2.png

    Regards,
    Igor
    Attached Files Attached Files
    mim1931 likes this.

  7. #7
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    Hi Igor

    Thanks for the effort you put in for all!

  8. #8
    Administrator newdigital's Avatar
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    PriceChannel_Stop_v9ea indicator was updated for 600+ build in premium section within Brainwashing EA (which was updated as well) :

    BrainWashing EA for MT4 build 600++

    PriceChannel_Stop-usdchf-m30-ibfx-inc-3.png


    PriceChannel_Stop-eurusd-m30-ibfx-inc.png


    PriceChannel_Stop-usdchf-m30-ibfx-inc-2.png
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  9. #9
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    Hi,

    Please check out the updated PriceChannel_Stop indicator for the new MT4.

    PriceChannel_Stop-pc_stop_9.2-600-.png

    Regards,
    Igor
    Attached Files Attached Files
    Alex-162, agungp, HDHORDA4 and 2 others like this.

  10. #10
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    Quote Originally Posted by igorad View Post
    Hi,

    Please check out the updated PriceChannel_Stop indicator for the new MT4.

    Click image for larger version. 

Name:	pc_stop_9.2 600+.png 
Views:	1215 
Size:	14.8 KB 
ID:	6511

    Regards,
    Igor

    Hi Igor,

    Thanks for this great indicator.
    Would you mind to share this indicator in histo version?
    I think it would make the chart look more simple.

    Regards,
    Agung

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