The [Hamster-Coder] Price Indicator is a component of the Hamster-Coder™ Algo Series designed for the cTrader platform. It calculates and manipulates price inputs (sources) in real time, offering advanced multi-timeframe price input control both during and after deployment. This indicator supports a proprietary Timeframe Decoupling concept, allowing users to assign independent timeframes to key parameters such as the basis (e.g., moving average) and deviation source, enabling true multi-timeframe analysis on a single chart.
Key features include:
- Selection of price inputs from Open, Close, High, Low, HL2, HLC3, HLCC4, or OHLC4 from any available timeframe.
- Real-time parameter adjustments after the indicator is applied, surpassing standard cTrader source property limitations.
- Offset functionality to shift the selected timeframe backward by a customizable amount.
- Seamless integration with both manual trading and automated strategies.
Usage involves selecting the desired timeframe, price source, and offset, then applying the indicator to a chart. For example, applying the indicator with a 1-hour timeframe, High price source, and offset of 1 on a 1-minute chart will display the prior 1-hour bar’s High.
This indicator supports multiple markets including Forex, Indices, Commodities, Crypto, and Stocks.