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Forex Forum → Technical Indicators → Price relations to open price indicator

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Posts: 15

Topic: Price relations to open price indicator

Dear footon
Could you plz code indicators " its non directional indicators"

Price < monthly open , price > monthly open
price < weekly open , price > weekly open
Price < Daily open , price > Daily open
price < Hr open , price > Hr open

Regards

Re: Price relations to open price indicator

Use WTF MA indi, outcome's the same.

Re: Price relations to open price indicator

but do WTF are stable indicators?

Re: Price relations to open price indicator

also i need to see the relation between price and open in bigger time frame for the current bigger time frame but ifi unchecke the forced previous time frame it will apply to all indicators and this what i donot need!!!!!!

Re: Price relations to open price indicator

You can't uncheck it, it is hard coded if I remember correctly. Or if you can, it does not affect calculation.

Re: Price relations to open price indicator

yes i get it now and this return us to my 1st request could it hard coded in a different logic some thing like top bottom price logic but we use the open price instead of tops and bottoms and then compare price if above open or bellow it !!!!!

Re: Price relations to open price indicator

You mean like current open compared to "higher" open price?

Re: Price relations to open price indicator

Yes

The idea is i want to trade only with the higher time frame direction

So if price now is below the current Week open  & price now is below today open  So "as i think" its safer to go short on 1 hr time frame


Also I think it will not Repaint  Because if we use "previous bar " only with the smaller time frame which contain the main strategy  so that condition will force all Higher time frames not to repaint   !!!!

Re: Price relations to open price indicator

Lets say i will trade when two moving averages cross each others to down , when this condition is met so i check if the entry point " price at time of cross" below current day , week opens so trade taken , if not so trade not taken

Re: Price relations to open price indicator

I still don't understand why WTF MA doesn't suit you, Position Opens Above/Below MA logic is all what you'll need.

Re: Price relations to open price indicator

but WTF will use previous week and previous day

Re: Price relations to open price indicator

That's true. So, you want to know at the lower TF how is higher TF going so far. Now I get it.

Your best chance achieving this is to turn to Krog and present this idea. WTF should be modified or another WTF created upon the current one. WTF is too sophisticated for me, I'm not so good coder to make it happen succesfully.

13 (edited by ahmedalhoseny 2012-08-18 23:16:29)

Re: Price relations to open price indicator

Strategy idea

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Re: Price relations to open price indicator

do you know where is krog !!!! i didnot see him posting for a while !!!

Re: Price relations to open price indicator

Krog is still here.

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