Show123 RH BB

Show123_Rh_BB.
mq4
Version 1.1
Copyright 2006, Computer Objectives Designed & vo!ved
"upp!ied #s $ree%#re. Code c#n be rep!ic#ted, modi&ied #nd reused #s desired .

'ui!t on #nd &or (et# )r#der version *
Overview
)his indic#tor disp!#ys 12+ p#tterns, ,oss hoo-s, #nd 'o!!inger b#nd bre#-s.
12+ p#tterns th#t &#i! ./ bre#- the 1 position be&ore triggering the 2 point0
%i!! be removed &rom the ch#rt #s soon #s they &#i!.
12+ p#tterns th#t trigger but do not meet the users speci&ied t#rget %i!! be
!o%1!ighted. )he t#rget is de&ined #s # move o& # percent#ge o& the height o&
the p#ttern to be c#!cu!#ted &rom either the 1, 2 or + point o& the p#ttern.
)hese v#!ues m#y be speci&ied by the user.
Indicator Options

DownColor 23 De&#u!t ,ed
)he co!our o& the te4t used &or 12+ p#tterns %here # DO56 direction is e4pected.
pColor 23 De&#u!t 7reen
)he co!our o& the te4t used &or 12+ p#tterns %here #n 89 direction is e4pected.
!aildncolor 23 De&#u!t D#r-"#!mon
)he Co!our o& )e4t used &or do%n 12+ p#tterns th#t &#i! to hit the user
speci&ied t#rget.
!ail"pcolor 23 De&#u!t D#r-"e#7reen
)he Co!our o& )e4t used &or 8p 12+ p#tterns th#t &#i! to hit the user speci&ied
t#rget.
##rea$color 23 De&#u!t Dodger'!ue
)he co!our o& te4t used to high!ight # 'o!!inger b#nd bre#-.
%a&Bars 23 De&#u!t +00
Denotes the (#4imum number o& history b#rs re!#tive to the Current :ive '#r
th#t the indic#tor %i!! use %ithin its c#!cu!#tion. ; !#rger v#!ue %i!!
high!ight more historic#! p#tterns, but the indic#tor m#y t#-e some time to
upd#te, #nd the user m#y e4perience some :#g in response
%ithin the met# tr#der #pp!ic#tion. <<<9!e#se vie% the notes on pipte4theight
reg#rding !#g in response.
'((ression 23 De&#u!t 1
Denotes ho% #ggressive the /ndic#tor %i!! be in disp!#ying 12+ p#tterns.
12 5i!! continue se#rching &rom the ne4t b#r #&ter the 1 point o& the
previous!y identi&ied 12+ p#ttern o& the s#me direction.
22 5i!! continue se#rching &rom the ne4t b#r #&ter the 2 point o& the
+2 5i!! continue se#rching &rom the ne4t b#r #&ter the + point o& the
Behavio"rswitches 23 De&#u!t 2=>
)his v#!ue comprises v#rious bin#ry s%itches th#t determine ho% the
indic#tor shou!d beh#ve. ?ero settings denote #n o&& position. @ence i&
you reAuire #!! s%itches to be turned O$$ then set beh#viours%itches 3 0
/& you %#nt on!y s%itch 6 & B O6 then #dd both those s%itch v#!ues #nd set
beh#viours%itches #ccording!y C in this c#se .+2D12B0 3 160
Switch )al"e se
1 1
O6 en#b!es 1&2 points o& the s#me 12+ to occur on the
s#me b#r. 6ote &or #n 8p 12+ the b#rs c!ose must be
higher th#n the open. / the b#r must h#ve gone EupF
De&#u!t 3 O6
2 2
O6 en#b!es 2&+ points o& the s#me 12+ to occur on the
s#me b#r. 6ote &or #n 8p 12+ the b#rs c!ose must be
!o%er th#n the open. / the b#r must h#ve done Edo%nF
De&#u!t 3 O6
+ *
O6 ;!!o%s ne% E1Fs to #ppe#r on previous!y &ound E2F
point o& the s#me direction De&#u!t 3 O$$
* B
O6 ;!!o%s ne% E1Fs to #ppe#r on previous!y &ound E+F
point o& the s#me direction. De&#u!t 3 O$$
= 16
O6 ;!!o%s ne% E2Fs to #ppe#r on previous!y &ound E2F
6 +2
O6 ;!!o%s ne% E2Fs to #ppe#r on previous!y &ound E+F
G 6*
O6 ;!!o%s ne% E+Fs to #ppe#r on previous!y &ound E2F
B 12B
O6 ;!!o%s ne% E+Fs to #ppe#r on previous!y &ound E+F
> 2=6
O6 en#b!es the remov#! o& 12+ p#tterns %here the 2 point
o& the p#ttern is &ound to be # ,oss hoo-. De&#u!t 3 O6
Re*ecti+hei(htlessthan 23 De&#u!t 31=
/& # 12+ p#tterns height .&rom the 1 point to the 2 point0 is !ess th#n this
v#!ue then the p#ttern is not disp!#yed.
,ar(etpercent123 23 de&#u!t 3100
De&ines the percent#ge t#rget &or # 12+ p#ttern. )he percent#ge #pp!ies to the
height o& the p#ttern c#!cu!#ted #s the dist#nce bet%een the 1 & 2 points.
,art(etstart123 23 de&#u!t 3 2
De&ines the point position &rom %hich to c#!cu!#te the p#tterns t#rget. 6orm#!!y
the p#ttern is e4pected to #chieve 100H o& the height o& the p#ttern &rom the 2
point o& the p#ttern.
ShowRosshoo$s 23 de&#u!t 3 true
5hen true ,oss hoo-s #re disp!#yed on the ch#rt.
!ont-ame 23 De&#u!t 23 I;ri#! '!#c-I
/& this or #ny other speci&ied &ont n#me is not #v#i!#b!e on your system then
the c!osest #v#i!#b!e &ont %i!! be #utom#tic#!!y se!ected.
!ontSi.e 23 De&#u!t 23B
"peci&ies the siJe o& the &ont type&#ce.
/ip,e&t0ei(ht 23 De&#u!t 23 0
sho%12+ #ttemps to c#!cu!#te .estim#te0 the height o& the te4t objects in pips.
)his en#b!es the indic#tor code to p!#ce 12+ m#r-ers in such # &#shion th#t they
do not obscure the price b#r, #nd other 12+ m#r-ers. ;s the 8ser JoomsKscro!!s
the %indo% the sc#!e ch#nges, #nd sho%12+ #ttempts to ch#nge the !oc#tion o& its
m#r-ers #ccording!y.
@o%ever due to the &#ct th#t (et#)r#der provides !itt!e in the %#y o& visu#!
sc#!ing in&orm#tion to the progr#mmer this c#!cu!#tion is never #ccur#te &
occ#sion#!!y very in#ccur#te. )here&ore the user m#y speci&y their o%n v#!ue.
; v#!ue o& 0 denotes th#t sho%12+ shou!d estim#te the height ##utom#tic#!!y ;
positive v#!ue denotes th#t the users sc#!e shou!d be used.
<<< 5ho!e numbers shou!d be used here. /& the user thin-s # te4t m#r-ers height
is * pips on # 7'98"D ch#rt they shou!d enter # v#!ue o& * .not 0.000*0.
"imi!#ri!y on # 8"DL9M ch#rt # user shou!d enter * .not 0.0*0.
show#and#rea$s 23 De&#u!t 3 &#!se
5hen true b#rs %i!! be m#r-ed %hen they bre#- the bounds o& the outer bo!!inger
b#nds
onl1show1st#rea$ 23 De&#u!t 3 true
/& this v#!ue is true then on!y the &irst b#r to bre#- the bo!!inger b#nds is
m#r-ed. 5hen &#!se #!! b#rs th#t bre#- the b#nds #re m#r-ed.
Bandperiod 23 De&#u!t 3 20
)he (; period &or the 'o!!inger b#nds
BandDev 23 De&#u!t 3 2.0
)he devi#tion setting &or the 'o!!inger b#nds
NNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNN
NNNNNNNNNNNNNNNNNNNNNNN
6.'. )his #pp!ies %hen 9ipte4theight 3 0 /.. %hen #utom#tic te4t height
sc#!ing is used
9!e#se be #%#re th#t once the indic#tor code h#s been initi#!ised it is
optimised to on!y re1ev#!u#te &rom the point o& the !#st -no%n 12+ p#ttern.
@o%ever, i& the sc#!e o& the ch#rt %indo% ch#nges either by the user scro!!ing K
Jooming,or %here # !#rge !ive price move #!ters the %indo%s sc#!e then #!! the
m#r-ers #re moved #ccording to the ne% sc#!e.
/& the m#4b#rs v#!ue is set too high then signi&ic#nt user response !#g c#n be
e4pected.
/ hope you &ind this indic#tor use&u! in your tr#ding.

Show123 RH BB

Uploaded by

Copyright:

Available Formats

Show123 RH BB

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Show123 RH BB

Uploaded by

Copyright:

Available Formats

Show123_Rh_BB.

You might also like