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This is a Price Action Indicator, that helps you to identify the difference between trend / sideway market. Unlike Highest High Lowest Low indicator, here you don't need to set period. It adapts to the market, based on the logic of inside bars.
Buy, when price is above EMA and breaks up from the consolidation channel.
Sell, when price is below EMA and breaks down from the consolidation channel.
Create in mq4 this program and i use simple convert from mq4 to cAlgo.
What can I say "The Trend Is Your Friend, Until It Ends :-)", create auto trend line with using zigzag indicator .
Good Luck and Have Fun To Make Pips.
Draws channel using linear regression of close prices. Can optionally display center of channel (mean), edges (maximum deviation) and standard deviation. Color and line thickness are also customizable.
A type of chart, developed by the Japanese, that is only concerned with price movement - time and volume are not included. A renko chart is constructed by placing a brick in the next column once the price surpasses the top or bottom of the previous brick by a predefined amount. Green bricks are used when the direction of the trend is up, while red bricks are used when the trend is down.
Added live forming brick.
Added option to plot defined number of bricks.
Added option to choose colors for bricks.
Updated reference mode for better performance.
Changed charting method.
Overlay set to true by default.
Deleted reference mode. (Check reference sample to update your cBot / Indicator!)
Added LastValue (live forming brick) into outputs.
Added High and Low values into outputs.
Fixed live brick not drawing when BricksToShow was set too high.
Renko (Pips) - Defines height of one brick in pips.
Bricks To Show - Defines how many bricks will be plotted.
Zoom Level - Adjusts width of bricks for defined zoom level.
Bullish Color - Sets color of bullish bricks.
Bearish Color - Sets color of bearish bricks.
Overlay - Indicator can be set not to overlay at line 11.
[Indicator("Renko", IsOverlay = false, ...)]
Referencing - Indicator can be used in other indicators or cBots. Sample below.
public double RenkoPips = 10;
public int BricksToShow = 10;
private Renko renko;
protected override void OnStart()
renko = Indicators.GetIndicator<Renko>(RenkoPips, BricksToShow, 3, "SeaGreen", "Tomato");
protected override void OnTick()
bool isLastBrickBullish = renko.Open.Last(1) < renko.Close.Last(1);
ExecuteMarketOrder(TradeType.Buy, Symbol, 1000);
When the indicator is loaded it can access only OHLC values of historical data. For better accuracy of historical chart I highly recommend using lower timeframe and scroll back for more data.
When the indicator is running it's fed by live data (each tick) so it's 100% accurate no matter what timeframe it's loaded up on.
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A combination of Relative Strength Index, Bollinger Bands and Moving Averages.
Buy: The Price line is above the Signal line and above the middle Bollinger Band line.
Sell: The Signal line is above the Price line and middle Bollinger Band line.
The Bollinger Bands show the strength and direction of the trend.
This cTrader HMA indicator is an extension to the Hull Moving Average where it shows optional signals for trend:-
Optional Arrows on the chart where the trend changes
Optional Text on the chart displaying trend direction
Optional display of HULL line and only displays trend description.
Set how far away the arrow is spaced from the HMA with different time-frames.
Two public properties for usage with cBots
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The volume-weighted average price indicator for cTrader.
Free Download: https://www.algodeveloper.com/product/vwap/
If you have any question or issue with our product please contact us via our site live chat or if we were offline leave a message, if you post a comment here we will not get any notification and we will not be able to help you.
I couldn't find a VWAP indicator for Ctrader so programmed one and am sharing it with the community. There is lots of information about this indicator on-line. VWAP indicator not to be confused with VWAP execution.
Parameters deserve some explanation:
One day only? If this is set to true/yes then the VWAP is only calculated and shown on the chart for the current day. I would suggest using this setting if you are using this indicator in a cbot because performance (speed) will be improved in backtesting and optimisation. Default: false. When set to false you will see the VWAP day by day. The calculation resets each day.
Periods. Default: 0. If you set a value other than 0 for this parameter it completely overrides the day or 'day by day' calculation and calculates the VWAP on a rolling basis for the the number of periods you choose.
I'll try to respond to any comments. Also please share any good strategies you have using this indicator.
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