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Thread: "Window" Indicator Idea for MT4

  1. #1
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    Cool "Window" Indicator Idea for MT4

    Hello everybody,

    i'm a newby in all of this programming stuff and tools.

    I have beeing looking for different threads you have made, where you have discussed and created EA's, and indicators. I have seen, guys like Funyoo is very popular helping people with the codes.

    There are also some code creator programs that can help newby's to solv they'r problems and ideas, but i think it's kind of selfish, and as a newby, i think it is not the best way to learn, better share to grow in knowledge.

    I have beeing working a while with MT4, studied a lot of Japanese candles, i have seen that there are allready indicators that can find the different structures of the candles patterns, BUT...

    I have not found any indicator that talks about or looks and find the famous "Window" pattern. In some books they are also called "GAP".

    So, i have beeing thinking of an indicator that can help us all, related to this Window or Gap.

    There is a complete course around the internet that you can download it about japanese candlesticks, its a 13 GB file with about 30 Hrs of candlestick analysis. I can give you a hint where to find it for you to download it, but better send me PM as i don't know if i can post this info here.
    --------------------

    The indicator:

    As i told you later before, the indicator i want to create is related to those called GAPs or Windows. In candlestick analysis this pattern, represent Support areas, they can be of 1 pip till lot of pips, they are very difficult to find just looking at the graph and this is why i think would be a great idea to create it. This indicator could be used in lot of different areas, like forex, futures, CFD's, and so on.

    think about the Gaps or windows that are of 1 pip whide from top to bottom, that can be representative of a support area, thinking of a new indicator that can be part of other ones to confirm support areas.

    My idea is as follows:

    1.- The indicator should first of all recognize all windows or gaps from 1 pip whide
    2.- draw a line at the bottom and the upper limit, or several lines of the same color for every single pip thats in the gap or window
    3.- it has to close those gaps if there is a bar or candle that closes them for mor than TF (time frame).

    Is it possible to create this indicator?

    Has any body think about this?

    Hope you like it.



    Daniel

  2. #2
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    i attach a picture to show this if you can't understand me as my english is not the best

    these are small windows


    As you can see, first window, remains open during all the setion, but second window closes 3 bars after.

    The indicator should close those windows that are closed after the window has appear.



    Hope you like it
    Last edited by daniel1983; 01-14-2014 at 18:23.

  3. #3
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    Default

    I found this big window last week in USDCHF
    [IMG][/IMG]"Window" Indicator Idea for MT4-usdchf-window-png

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analysis, candles, cfd's, color, forex, funyoo, indicator, indicators, japanese, learn, limit, mt4, pips, programming, support, time

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