store 2 or 4 points in the past

[okranoblues]

How can i store more than one previous price in the past based on indicators eg: in the screen shot you see how do i store those 3 points so i can use them later in formulas or conditions?

Thank you..

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eurjpyh4.png

[fxDreema]

You can define 3 Variables "point1", "point2" and "point3" and when certain condition happens to modify them. But it's always best if the indicator can give those values to the EA After all, indicators are used for that reason - to give the EA what is needed to trade.

I just wonder how the robot will decide to place "point1" there and not on the previous bottom?

[okranoblues]

well I'm trying to use price action when price is making higher highs keep buying and opposite for selling..

I've bee trying to use variables but just don't know how to combine the blocks.. like how can I check the last 20 bars behind without create 10 different conditions. . or variables I know how to store it into a variable but how to combine with the other blocks .. how to use modify variables and when to use it same for modify formulas...

I'm sorry for all the inconvenience but is easy to understand better with examples...

thank you

[fxDreema]

Don't do that with blocks, it will be rude to try to create indicator out of indicator in EA. Can some kind of "Channels" indicator be used instead of this one?

[okranoblues]

I do have a channel indicator but is kind of inaccurate...

[okranoblues]

With this update my indicators are not working and there's no levels tester available either

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PChannel.mq4

[fxDreema]

This indicator works. I renamed that block to "Draw Values" because I didn't liked the old name... but I don't like the new as well, so I would like to hear suggestions

[fxDreema]

Try this one:
Condition -> Indicator -> ZigZag

I have to say that no cache is used, so everytime the value for High/Low is recalculated.

[okranoblues]

Hi what about for the name of draw values: Check Values or Verify Values, Check Indicator Values,

Also i checked the zigzag indicator you told me i think is awesome but i have some questions i was checking the values but i don't understand it too well heres the screenshot..

instead of showing the current high it seems is showing high in the past when i set the option to check the last 5 bars and exception bars 1..

Would you please explain to me how it works...

Thank you very much...

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eurjpyh4.png

[fxDreema]

High[0] for ZigZag is the value of the first reverse point that looks like ^, or /.
Low[0] for ZigZag is the value of the first reverse point that looks like V, or .

Here [0] is not candle ID, it's reverse point ID.
If there is ZigZag over there, there is some High and Low that is always visible, so "Indicator visible" is not to be used with this indicator.

High, Low, HighestHigh and LowestLow options are not part of what ZigZag indicator can give you, these are calculated.

And you can try to check the normal output of ZigZag for candle 0 (current value) and any other older candles - there is difference. This indicator is just not like others. It's line does not represent it's values. This line only connects some of the past positive values.

ZigZag is 0 for almost all candles. It's positive for those where reverse is displayed. Even on these points there is only the price level, no information at all if this level is V or ^. Also, there are other positive candles in between.

If you want to use real channel, use some Channel indicator where there will be positive value for every candle. In my opinion ZigZag is only interesting if you look at it from distance without knowing how it works

[fxDreema]

__

instead of showing the current high it seems is showing high in the past when i set the option to check the last 5 bars and exception bars 1..

[/quote:2xmv8kdk]
Maybe I created function for Lowest High, because it draws the last high that i above the current one :)))

[okranoblues]

ok that sounds good..I'm agree with you and thank you for your help...but let ask u something do you think this toll would work good to calculate Fibonacci retracement? or what tool do you consider best to draw or calculate fibonacci levels..

thanks again

[fxDreema]

I checked this and I think it's correct, but it depends on the current moment.

Let's take this screenshot for example:
http://fxdreema.com/forum/download/file.php?id=304

These are Higher Lows. There is a Low between point 1 an point 2 and from the current point of view it can be skipped. But if you look from 17 Mar 08:00 (where the dashed line is) to the past, this point was one of the Higher Lows. A few moments later it is skipped.

But there are many ways to look at these Highs and Lows, especially in other configurations, and I think I can't give single answer to all of them. I tried to cover all the situations - HH, LL, HL, LH - but everytime it depends on the current moment and I think I can't deal with that. I'm leaving this "ZigZag" indicator there and I surrender

Fibonacci parameters can be accessed if it is already drawn. For more than that... I surrender again, sorry. I'm not good with indicators and the program is not capable to do many things with them.
It's better if there is already existing custom indicator that can give you the exact signals that you need. I tried to find an indicator to show HH, LL, LH and HL of ZigZag, but I was not able to find such creature even if there are tens of indicators out there. I don't know why, but maybe there is a reason.

[okranoblues]

I understand. . and thank you very much for the indicator still is usefull for me I appreciate it..

[fxDreema]

I can suggest this website for indicators: http://www.best-metatrader-indicators.com/ This website looks very good and all indicators have screenshots. But I think it does not have search.

Otherwise many ammateur indicators can be found in Code Base of mql4.com and mql5.com.

I also know this website where some paid indicators can be found: http://www.truetl.com/ I never used any of them, but again I think that the website looks very good

[okranoblues]

Hi I have a question for the zig zag indicator is there any way we can get this option...like once it gets the hi.high and lo low avoid to draw more zig zags until the current hi high or lo low is broken?

in that way avoids to the indicator to be drawing lines and determine if the market trending or if market is in range bound???

Thank you

[fxDreema]

I have to say that I don't understand indicators very well and because of that fxDreema can't create or modify indicators. But if you want to create or modify some indicator you can ask in forexfactory, mql4.com, mql5.com or other forums or websites where there are people willing to do that