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nikwoof

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Posts posted by nikwoof

  1. Can someone please develope an indicator,EA or system to display arrows and sound alert directly on the chart based on the accumulation/distribution (A/D) indicator?

     

    I have attached a link showing the eur/usd chart dated 3/15/11. The arrows and vertical lines are mine that I put on manually. The arrows show when the A/D makes a higher high from the previous A/D high and a lower low from the previous A/D low.

     

    Any help will be appreciated.

     

    Have a greatful day! :)

     

     

     

    http://www.mediafire.com/i/?3f17auhnxayd5fo

  2. Hi San1111:

     

    Thanks for your offer to code this new indicator. xtclove has got most of it down but I'll try to give some more information about it.

     

    For example, on a one hour chart, the current one hour bar just closed with the close finishing higher than the open indicating a bullish candle. For a good entry on the bearish side, you want to have a good short entry using the FIBO Strike method that xtclove mentioned. After the current bar closes, you then do the Fibo strike math on the bar that just closed on a calculator, spreadsheet or by hand, and calculate the Fibo strike point for the new candle that has just started. The price action on the candle that has just started may or may not hit the Fibo strike number you just calculated. You have to wait and see if you get an entry.

     

    You do the opposite on a bearish candle with the close lower than the open. In this case you want a good bullish entry and calculate the Fibo strike for a long entry.

     

    In other words, on a bullish candle you are looking to go short. On a bearish candle, you are looking to go long.

     

    The indicator I am dreaming of would be plotted on the chart like a moving average is plotted on the chart. This would eliminate the tedious Fibo strike calculations. It would also give you a good visual of the market action.

     

    The indicator would need to show the Fibo entry based on whether the previous bar closed higher or lower than it’s open.

     

    No need to consider Stop loss or Target points for now. Tom has other methods for targets but its just too complicated for now.

     

    Thanks again San111 for your offer to help code this. Let me know if you need more information or visuals.

     

    Cheers,

    nikwoof :)

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