Hacker1713006064 Posted June 25, 2009 Report Share Posted June 25, 2009 Hi All I Thought I would share an Indicator that I have been using for over a year now.. It origionally started over on the mq4 developer forum but nothing really came of it.. One guy tried to get some interest in it but there wasn't an indicator for Mt4 that could be shown.. It was orgionally called the RubberBand method.. I have taken the basic math functions and made my own version.. I come from a town called Clovis and all my stuff usually starts with Clovis_something.. So this indicator I call Clovis_RubberBand.. Of course you can rename and call it what you want. I use this as a verification indi that confirms the price action trend.. I also use some No-Lag_ma indi's to show the overall direction of the trend while I am trading, but if this indi doesnt confirm then I dont place trade. There is always another trade right around the corner.. As the price action continues to grow; the bar in this indi will continue to rise.. IF price action reverses the bar will reverse and follow the tread.. The bars size is determined by how far and how fast the price action is moving.. The Periods variable is used to compare current price action with so many bars back.. I usually leave it at 3. When the current bar closes and a new bar starts; the past bars freeze at the close value of the bar.. Thus NO repainting with this indi.. ALL past bars stay where they are. The 2 horizontal lines are created as a noise threshold using the ForceThresholdPercent variable.. In this case = 0.15 equals 15% of a thresold... Whereas .50 would be 50% etc.. .15 or 15% is usually where I keep it.. The ForceWindow variable controls how many bars are scanned to determine the threshold calculation, I usually have it at 25.. I have features that allow you to turn on a log file if you want to log what is happening tick by tick. I have also added the capability to use global variables to pass the indicators output to an Expert Advisor if you wish.. By doing this you can save computer power and you can stop and start the indi during live time without having to stop and start the EA itself.. If you are accessing the indi normally from an EA you would use the iCustom function.. But that causes an entire different copy of the indi to be loaded in memory and no way to change its operation without restarting the EA.. Using the Global Variables in the EA, the EA doeesnt load the indi at all.. IT just retrives the variables data from the MT4 platform.. You can now run the indi live on the chart and change the operation of the indi directly and see the result of what you are doing and have it effect the EA immedialely.. But of course you have to have an EA that is programmed to accept the GlobalVariables in order to use the indi in this fashion.. Below is a chart run in the Strategy Tester and you can see how the bars are showing positive and negative price action and the little dots are confirming that the bar has exceeded the thresold line and if the current trend continues in a positive move the next and following dots will appear as well... As soon as a price action decreases the bar collapses and no longer qualifies... Well this has done me well over the last year or so and I hope it will you too... Cheers.. Hacker http://www.forexsharing.com/774019 http://i44.tinypic.com/2ak05cj.jpg Quote Link to comment Share on other sites More sharing options...
sgteo Posted June 25, 2009 Report Share Posted June 25, 2009 Re: My Clovis_RubberBand Indicator.. thanks for sharing.. :-bd Quote Link to comment Share on other sites More sharing options...
Hacker1713006064 Posted June 25, 2009 Author Report Share Posted June 25, 2009 Re: My Clovis_RubberBand Indicator.. thanks for sharing.. :-bd Thanks... oops: a guy emailed about a small bug I hadnt seen.. The link above has been updated.... Quote Link to comment Share on other sites More sharing options...
cybermega Posted June 25, 2009 Report Share Posted June 25, 2009 Re: My Clovis_RubberBand Indicator.. Thank you very much also =D> - i always like to see and evaluate an indicator that does not repaint!! Quote Link to comment Share on other sites More sharing options...
emeric33 Posted June 25, 2009 Report Share Posted June 25, 2009 Re: My Clovis_RubberBand Indicator.. Hye thanks for sharing. But not so sure on how to use it. Could you please give little more explanation about practical aspect for trading ? Quote Link to comment Share on other sites More sharing options...
oktoeight Posted June 25, 2009 Report Share Posted June 25, 2009 Re: My Clovis_RubberBand Indicator.. Thanks Brother, a NICE addon to our arsenal indeed :-bd Quote Link to comment Share on other sites More sharing options...
butter143 Posted June 25, 2009 Report Share Posted June 25, 2009 Re: My Clovis_RubberBand Indicator.. thank you for sharing your indi. how do you use this indi? i take it that green means uptrend confirmed and red the opposite? Quote Link to comment Share on other sites More sharing options...
goldcourse Posted August 4, 2009 Report Share Posted August 4, 2009 Re: My Clovis_RubberBand Indicator.. Hi Hacker, Where can I download your indicator and how? Sorry for asking. Appreciate your help. Thank you in advance from a newbie. Quote Link to comment Share on other sites More sharing options...
odink Posted August 4, 2009 Report Share Posted August 4, 2009 Re: My Clovis_RubberBand Indicator.. http://i28.tinypic.com/m8hflu.gif like that or not ? X_X Quote Link to comment Share on other sites More sharing options...
odink Posted August 4, 2009 Report Share Posted August 4, 2009 Re: My Clovis_RubberBand Indicator.. hxxp://[email protected]/517566 Quote Link to comment Share on other sites More sharing options...
goldcourse Posted August 4, 2009 Report Share Posted August 4, 2009 Re: My Clovis_RubberBand Indicator.. http://i28.tinypic.com/m8hflu.gif like that or not ? X_X That indicator in the middle window....clovis rubberband. Quote Link to comment Share on other sites More sharing options...
goldcourse Posted August 4, 2009 Report Share Posted August 4, 2009 Re: My Clovis_RubberBand Indicator.. hxxp://[email protected]/517566 odink, Firstly, thank you for your response. I tried the link you gave but I cannot open the site. Kindly help. Thanks Quote Link to comment Share on other sites More sharing options...
sgteo Posted August 4, 2009 Report Share Posted August 4, 2009 Re: My Clovis_RubberBand Indicator.. goldcourse, replace 0=o, @=a Quote Link to comment Share on other sites More sharing options...
goldcourse Posted August 4, 2009 Report Share Posted August 4, 2009 Re: My Clovis_RubberBand Indicator.. goldcourse, replace 0=o, @=a Got it! Dumb me! Thank you guys! Quote Link to comment Share on other sites More sharing options...
sanyax Posted August 4, 2009 Report Share Posted August 4, 2009 Re: My Clovis_RubberBand Indicator.. thankes for \m/ sharingg Quote Link to comment Share on other sites More sharing options...
bali2002 Posted September 3, 2009 Report Share Posted September 3, 2009 Re: My Clovis_RubberBand Indicator.. Could you please comment about the red/blue lines? Quote Link to comment Share on other sites More sharing options...
Guest Jayman007 Posted November 20, 2010 Report Share Posted November 20, 2010 Would someone be so kind as to repost this. The download links all seem to be dead now. Quote Link to comment Share on other sites More sharing options...
taipan Posted November 20, 2010 Report Share Posted November 20, 2010 the file has been deleted by forexsharing.com, could someone repost again? Thanks for sharing. Quote Link to comment Share on other sites More sharing options...
tongtoro Posted November 22, 2010 Report Share Posted November 22, 2010 Please upload again Invalid Forex Sharing link. You Will Be Redirected To Forex Sharing Homepage In 10 Seconds. thanks Quote Link to comment Share on other sites More sharing options...
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