VTTrader: New Indicators and Trading Systems Only: No Discussions please - Page 2
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Thread: VTTrader: New Indicators and Trading Systems Only: No Discussions please

  1. #11

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  5. #15
    Hi,

    This modest indior only allows you to look at an MA as it would appear on a Higher Timeframe Chart.

    The example below shows that a 14 SMA as it might appear on a 4 Hour Chart even though you're actually considering a 30 Minute Chart.

    The resulting MA is quite close but might not be exact as the Average of 112 Closes on a 30 Minute Chart might not be exactly the same as the Average of 14 Closes on a 4 Hour Chart.

  6. #16

  7. #17
    Hi People I have posted this earlier but can not Move that post to here so that I will repost it here delete another if asked.

    In one of his Documents, Vegas mentioned...
    1) Currency Pairs have their Regular Daily Range from High to Low.
    2) Following the first Pit squable about which direction today will take,
    you ought to be able to arrange a ride to the rest this indior will permit you to go for any percetage of the range.

    It must only be implemented to Timeframes Lower than Daily to visualize that concept.

    The very first thing it does is look back through the bars in your chart and calculate the Highest DAILY Pip Range[HDR] on that chart.
    Then it does the same for the Lowest DAILY Pip Range [LDR]on this particular chart.
    It then computes the Median of these 2 values[MDR]. Note, This Isn't an MA
    This puts a value on the Daily Median Pip Range. [the pip difference we could Reasonably Expect Between TODAYS Day High Day Low.}

    Then it states, OK Yesterday is done. Tell me High it will have to go from today's low to meet the Median Daily Pip Range.
    However, I' also want to know how Low it will have to go from today's High to meet the Median Daily Pip Range.
    these are the fine dotted red lines

    Now, I say, I'm pretty smart [read Vegas after all], In the event, the price moves MY INPUT PIPS ABOVE the Open the top thick dk grey line, I figure it's an opportunity of running and continuing into the Dayly Pip Range Highthe fine Blue Dotted Line so Get me in Long.

    On the flip side,
    If, the price moves MY INPUT PIPS BELOW the Open the lower heavy dk grey line, I figure it's an opportunity of running and continuing into the Dayly Pip Range Low the fine Red Dotted Line so Get me in Short.

    It then says, Guess what, the reduced just got lower so, If your Daily Pip Range is accurate, This is Now the highest it will get from that new low hence the fine lines Potential HiLo Tgts proceed to reflect the MDR distance involving Lowest Low Highest High.

    I know that sounds too hard to attempt to assimilate but if you have a look at it on a chart, I think you will see it is a very simplistic and yet has possible.

    The Image.

  8. #18
    1 Attachment(s) The Indior.
    *Please Note*
    After Publish,
    It'll Be Named __Daily Open Range on your Custom Indior list.
    https://www.forexforum.co.za/general...-question.html

  9. #19
    2 Attachment(s) Hi People,

    In an effort to reduce the amount of time that it takes to code a Trading System in VT Trader, this template was designed to reduce not just repetative code entrance but also the understanding demanded of VT Trader language and works etc..

    Basically all you've got to do is specify your indior with your Extended Entry/Exit criteria along with your Short Entry/Exit standards

    If you are just starting out in your coding eduion I'd suggest that after you dnld this template, then clone a work copy and save the first unaltered.

    Kudos to Claude, Chris the group.
    https://www.forexforum.co.za/trading...sd-charts.html
    https://www.forexforum.co.za/trading...sd-charts.html

  10. #20

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