This thread is for the Balance Line Dashboard indicator which is intended for the Simple Simon Balance Line trading strategy. You can learn more in this thread. http://www.forexfactory.com/showthread.php?t=297418
If you are not familiar with this strategy, this indicator is probably of no use to you. This indicator is intended for experienced strategy traders; beginners should work with a single chart until they master the strategy.
THIS INDICATOR IS AN SETUP ALERT, NOT A TRADE SIGNAL GENERATOR. REMEMBER - MANY ALERTS AND FEW TRADES. THE TRADER MAKES THE CALL, NOT THE COMPUTER.
The inputs are:
AlertPips - the distance in pips from the Balance Line at which to alert. One alert is sent per bar.
AlertBarsSkip - the number of bars to skip before sending another alert.
BalLineTF - this is the TF for the calculation of the balance line and is usually set to 60. Zero means to use the chart's TF. The balance line is calculated using a smoothed MA of the Median Price, shifted 8 bars.
DBDisplay - to turn off the dashboard and only get alerts, set to false.
MailAlert - set to true to receive emails. This option only works if the platform is properly configured for email.
SendAlert - set to false to suppress alerts and use the dashboard only.
CurrencySuffix - supply the currency suffix, if your broker has appended a lower case letter like "r" to the symbol.
You can change the colour scheme of the dashboard to suit your chart; these are the inputs and defaults:
LabelColr=Ivory; InAlertZone=Aqua; OutAlertZone=Magenta;
The currency pairs to be monitored can be selected from the list and in addition there are 4 fields for other pairs of your choice. A maximum of 15 pairs can be monitored.
This thread is for topics related to this indicator only. A few guidelines to follow:
1. Please report bugs. Please explain how it happened and the steps to follow to recreate it. If I can't recreate it, I can't fix it. Include screen shots if necessary.
2. You can request enhancements. In all likelihood they will not be implemented until September or later and only if I feel they are appropriate. I have enough on my plate now and I plan to enjoy the summer here (we only get 2 or 3 months; this is the place that global warming forgot the last 2 years).
3. You cannot request info on how to use the indicator unless you are a regular contributor to Colostarr's thread. Once you learn the strategy, using this indicator will be intuitive.
4. You cannot ask coding questions on this thread. You will be banned.
5. You cannot post anything I deem off topic. You will be banned.
6. You cannot PM me. If it is not important enough to discuss in a public forum, it is not important enough for me to respond.
Once you load this indicator onto the chart of your choice, it should look something like the attached image.
THIS INDICATOR IS AN SETUP ALERT, NOT A TRADE SIGNAL GENERATOR. REMEMBER, MANY ALERTS AND FEW TRADES. THE TRADER MAKES THE CALL, NOT THE COMPUTER.
If you are not familiar with this strategy, this indicator is probably of no use to you. This indicator is intended for experienced strategy traders; beginners should work with a single chart until they master the strategy.
THIS INDICATOR IS AN SETUP ALERT, NOT A TRADE SIGNAL GENERATOR. REMEMBER - MANY ALERTS AND FEW TRADES. THE TRADER MAKES THE CALL, NOT THE COMPUTER.
The inputs are:
AlertPips - the distance in pips from the Balance Line at which to alert. One alert is sent per bar.
AlertBarsSkip - the number of bars to skip before sending another alert.
BalLineTF - this is the TF for the calculation of the balance line and is usually set to 60. Zero means to use the chart's TF. The balance line is calculated using a smoothed MA of the Median Price, shifted 8 bars.
DBDisplay - to turn off the dashboard and only get alerts, set to false.
MailAlert - set to true to receive emails. This option only works if the platform is properly configured for email.
SendAlert - set to false to suppress alerts and use the dashboard only.
CurrencySuffix - supply the currency suffix, if your broker has appended a lower case letter like "r" to the symbol.
You can change the colour scheme of the dashboard to suit your chart; these are the inputs and defaults:
LabelColr=Ivory; InAlertZone=Aqua; OutAlertZone=Magenta;
The currency pairs to be monitored can be selected from the list and in addition there are 4 fields for other pairs of your choice. A maximum of 15 pairs can be monitored.
This thread is for topics related to this indicator only. A few guidelines to follow:
1. Please report bugs. Please explain how it happened and the steps to follow to recreate it. If I can't recreate it, I can't fix it. Include screen shots if necessary.
2. You can request enhancements. In all likelihood they will not be implemented until September or later and only if I feel they are appropriate. I have enough on my plate now and I plan to enjoy the summer here (we only get 2 or 3 months; this is the place that global warming forgot the last 2 years).
3. You cannot request info on how to use the indicator unless you are a regular contributor to Colostarr's thread. Once you learn the strategy, using this indicator will be intuitive.
4. You cannot ask coding questions on this thread. You will be banned.
5. You cannot post anything I deem off topic. You will be banned.
6. You cannot PM me. If it is not important enough to discuss in a public forum, it is not important enough for me to respond.
Once you load this indicator onto the chart of your choice, it should look something like the attached image.
THIS INDICATOR IS AN SETUP ALERT, NOT A TRADE SIGNAL GENERATOR. REMEMBER, MANY ALERTS AND FEW TRADES. THE TRADER MAKES THE CALL, NOT THE COMPUTER.
Attached File(s)
BalanceLineDB.ex4
16 KB
|
1,248 downloads
|
Uploaded Jun 26, 2011 8:44pm