This indicator can only be used for Range Charts with MultiCharts.
It indicates the possible location of the close of the current bar, and the open of the next. Either in case of up move or down move. So it draws 4 lines all together.
Let's take the example of a 8-range chart (8-point in MultiCharts' terminology).
Let L and H be the current Low and the current High of the bar under formation.
If the price moves up and reaches L + 9 ticks, the current bar will be closed at L + 8 ticks, and the next bar will open at L + 9 ticks.
If the price moves down and reaches H - 9 ticks, the current bar will be closed at H - 8 ticks, and the next bar will open at H - 9 ticks.
So, when a bar is under formation, the indicator draws 2 little dotted lines above the bar, at L+8 and L+9, as well as 2 little dotted lines below the bar, at H-8 and H-9. They correspond to the possible levels of the close of the current bar, and the open of the next, either in the case of an up move, or in the case of a down move.
It has to be underlined that, by definition of a range chart, these positions are not final. If the current H or the current L of the bar under formation moves, the dotted lines will move also.
However, as soon as current H-L of the current bar equals 8 ticks, we know for sure the position of the 4 above-mentioned open and close, and the line becomes solid.
June 12th, 2012
Size: 11.28 KB
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Just for convenience, this simple indicator prints the date on the chart at each new session.
(If the change of date occurs in the middle of a session, it also prints it at that time, together with a vertical line showing the change of day.)
The indicator adjusts the location of the date label in order that the date not be printed on the price bars.
The indicator uses the function FormatDate which relies on your computer settings. It is why, on the picture, the dates appear in French. On your computer, it will appear in your language.
April 6th, 2012
Size: 2.86 KB
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This very simple indicator for MultiCharts just displays 2 vertical lines to identify a specific time window every day.
For instance, let's suppose that you live in Europe and would like to perform a visual backtest and easily identify each morning session (European time) of 6E. This indicator can be used to display a line at 02:00 and 05:00 (Exchange Time) every day.
April 6th, 2012
Size: 2.19 KB
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This indicator counts the number of seconds since a trade (long or short) is open.
This indicator uses MC function "I_MarketPosition_At_Broker" so the use of this indicator relies on the following requirements:
a) MultiCharts shall be connected to the broker (possibly in demo mode)
b) A MultiCharts signal shall be active (possibly a "void" signal with only comments inside, and no instructions)
c) MultiCharts AutoTrading mode shall be activated
Note: this AutoTrading mode is required only for the use of MC function "I_MarketPosition_At_Broker" but you do not need to perform autotrading. This indicator works also with discretionary trading.
Warning. This indicator is updated at each tick (and not at each second). So, if there are not a lot of transactions (a new tick each few seconds and not several ticks per second), there is a risk that the timer does not fluidly.
How does it work? When "I_MarketPosition_At_Broker" becomes non-null, the indicator takes note of the hour of the computer. Then, at each ticks, it reads again the current time of the computer, compares it to the noted time (of the computer), and displays the difference.
Do not forget to tick Properties / Update on every tick in MultiCharts for this indicator.
February 14th, 2012
Size: 4.56 KB
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This function and this indicator count the second before the closure of the bar, and consequently emulate the countdown timer of MultiCharts.
It works with seconds, minutes or hours time-charts.
It could be used, for example, in order to do something 15 seconds before the closure of each 1-minute bar. CRUCIAL WARNING: Multicharts built-in countdown timer is updated at each second. However, the present function and indicator are updated at each tick (and not at each second). So, if there are not a lot of transactions (a new tick each few seconds and not several ticks per second), there is a risk that the countdown does not work fluidly and reliably.
Function SecondsBeforeNextBar
It returns the remaining seconds before the closure of the bar or -1 in case of problem.
It also returns -1 while the first bar is on-going.
How does it work? When a new bar begins, the function takes note of the hour of the computer. Then, at each ticks, it reads again the current time of the computer, and compare it to the noted time (of the computer) at the beginning of the bar, and to the overall number of seconds per bar.
Indicator DisplaySecondsBeforeNextBar
It emulates MultiCharts built-in countdown timer. See snapshot.
Do not forget to tick Properties / Update on every tick in MultiCharts for this indicator.
February 13th, 2012
Size: 6.31 KB
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This indicator for MultiCharts displays '00 lines.
Features:
- The '00 is customizable through the "MultiplesOf" parameter. The prices of the '00 lines are actually multiple of this parameter. For instance, if you want to draw all levels as 1350 (for ES), choose MultiplesOf = 10. If you want to draw all levels as 1.3200 (for EUR.USD), choose MultiplesOf = 0.01.
- All '00 lines are shown from two '00 levels above the highest candle of the whole chart down to two '00 levels below the lowest candle of the whole chart. So the relevant '00 levels are always available when you scroll the chart to the left or to the right.
- The lines change color when they are above and below the candles (switch between potential support and resistance).
- The lines have the politeness not to "cross" the candles, for a better display.
February 10th, 2012
Size: 27.31 KB
Downloaded: 78 times
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This small indicator displays custom lines of S/R. It could be used during live trading.
For the sake of clarity, the S/R levels are not automatically calculated (for instance with swing pivots). The price levels and names are directly set by the user in the input fields.
The lines change color when they are above and below the candles (switch between support and resistance).
The lines have the politeness not to "cross" the candles, for a better display.
The input fields allow defining price level and title for 10 lines.
This small indicator displays coming events at the future time. Their times are manually input by the user. It could be used during live trading, in order not to forget news, end of session or personal obligations.
The input fields allow defining time and title for 10 coming events.
This is a basic indicator prepared while reading Al Brooks' first book.
Al Brooks advises to be very cautious when trading the ES in the middle of the day and in the middle of the range of the day, especially in case of Barb Wire.
This indicator simply identifies the zone which are "in the middle of the day and in the middle of the range of the day". It is supposed to be used for past data, just in order to "have a look".
"Middle of the day" is defined by the user through the beginning time and the end time of the period (default values: 1130 and 1330)
"Middle of the range of the day" is defined by the height of this mid-range compared to the current Hi-Lo of the day. The default value is 0.33 (33%). It means that the "middle of the range of the day" is the range which is at the middle of the current Hi-Lo of the day and the height of which is 33% of the current Hi-Lo of the day.