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Baluda Indicators
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Author:  nald50 [ Wed Mar 19, 2014 1:31 am ]
Post subject:  Baluda Indicators
Morning,
I have installed this indicator on 3 different broker accounts but only the blue zig zag lines show.The maroon and green coloured graph does not show.
Any suggestions would be welcome.
Cheers,
Ronald
Author:  Over60 [ Wed Mar 19, 2014 7:29 am ]
Post subject:  Baluda Indicators
@ baluda

Thanks for sharing that helpful tool.
I tried some timeframes and markets with different setups.
Works with build 610.

@ Nald

The ZigZag-lines are always displayed after attaching the indi, even no patterns occur.
Try to change the setup,
e.g. “minAccuracyPercent”, default = 80.0., try to use 70.0 or 60.0 by experience
or try to switch the timeframes (by scanning) and markets, untill patterns occur.
If the indi detects a correct pattern (the patterns are calculated), the indi indicates in the right above corner the detected pattern by name and in addition it draws the graph, resp. it fills the areas and displays the fibo-ranges (very helpful feature).

@ Baluda

I miss some features, maybe improved for future release.
What I still miss is an alert (e.g. popup), when a Gartley-formation has developed and detected.
Might be comfortable by scanning simultaniously different markets and/or timeframes.
In addition a timer with start-time of the appropriate pattern and already performed duration since start-time would be helpful. It´s a question of effort to add additional information in the dashboard.
E.g. How many pips has been performed since starting time, even the pattern would not perform in the designated direction.

Quote baluda definitions:

“Perfect Fibonacci projections are the Fibonacci retracement levels where the pattern should retrace or stop according to its definition.
The Potential Reversal Zone (PRZ) is split in a Risk and Reward part. The Reward part of the PRZ is the price of the D point of the pattern to the 0.382 target 1.”

Up to now I could not still check and trail, what will happen, when a formation has performed or did exit. (Maybe the displayed SL-fibo-range (PRZ) will provide the signal to exit and repaint?).
I assume that the pattern information will disappear and the indi will repaint, when price exits e.g. the red stop-loss area (PRZ risk area)?
The question, if and how long the pattern remains visible and valid and when the indi will start repaint?

FYI: The attached pic shows how the indi did work yesterday (EURUSD H1).
The price did exit long the reward-PRZ (green) area, so I decided to place SL by trailing the price.
TP has already realized.
The pattern still remain valid.

Kind regards
Over60
Author:  nald50 [ Wed Mar 19, 2014 10:09 am ]
Post subject:  Baluda Indicators
Hi Over60,
Thanks for your prompt reply...Quick play with your sugestion has resulted in different patterns and different time frames.....This is all new to an old timer like myself so this exercise should be interesting.
Thanks again,
Ronald
Author:  Baluda [ Mon Jul 07, 2014 11:30 am ]
Post subject:  Baluda Indicators
Uploaded version with a new valid license.

Paul
Author:  eevra [ Wed Jul 09, 2014 4:49 pm ]
Post subject:  MONSTER
I could not find the updated version ( your posting of Jul 7 ) of Monster!
can you pls guide me ?
Author:  Baluda [ Thu Jul 10, 2014 8:45 am ]
Post subject:  Baluda Indicators
@eevra See post 1.
Author:  eevra [ Thu Jul 10, 2014 10:06 am ]
Post subject:  Baluda Indicators
Baluda » Thu Jul 10, 2014 9:45 am wrote:@eevra See post 1.
thx @Baluda

There was only one file in post #1 , I thought there was yet another link for the updated one.. Sorry & thanks.
Author:  Geges [ Tue Jul 15, 2014 7:37 pm ]
Post subject:  Baluda Indicators
Baluda » Mon Jul 07, 2014 6:30 am"]Uploaded version with a new valid license.

Paul[/quote]


Hi Paul,

Thanks for the new license. :good:

I wasn't able to figure out how to get an alert with a pattern
so I just created a bunch of minature H1 Monster charts so I could
see them all at a glance on one screen.
Baluda-Monster--screen-7-15-2014.png
If I happened to see one at the right time I placed pending stop and limit orders
in the PRZ area ...I dragged and dropped the default tp line of the attached scripts
to the B point of the pattern and waited for the magic to happen.

Here are the results...It can't get much easier than this unless it was automated.
Monster results-5-6-2014 thru 7-15-2014.png
and the scripts.
10.6 DROP_PENDING_BUY 45.ex4
10.6 DROP_PENDING_BUY 45.mq4
10.6 DROP_PENDING_SELL 45.ex4
10.6 DROP_PENDING_SELL 45.mq4
Author:  Baluda [ Mon Jul 21, 2014 11:12 am ]
Post subject:  Baluda Indicators
@Geges,
Those are impressive results!

Maybe I should dust off that 'MultiMønster' EA that I once started to code but never finished.

@Everybody,
I coded Mønster for my own use only after I found there were but a few usable harmonic indicators available. Partly because harmonic patterns are 'hot' nowadays, partly because Mønster is not really finished I decided to limit its use by releasing it only as .ex4 and with a limited license.

After the first license ended, to my surprise I was approached by a lot of you to extend the license. The latest Mønster with a new license is in post 1.

Maybe it is time for me to expand/improve Mønster with some new features. What features would you like to see? Please be as clear as possible in your requests. I do not care to much for one-word requests or demands.

Looking forward to your suggestions!

Paul
Author:  Elixe [ Mon Jul 21, 2014 7:27 pm ]
Post subject:  Baluda Indicators
Hi Baluda,

Thanks again for this indicator. One improvement, for instance, would be the ability to send alerts/notifications/emails, example : "[PatternName][Accuracy] on [Symbol] [TimeFrame]", would alert something like this "Bearish Gartley(80,4%) on NZDCAD D1"

On ideas, something else I'm thinking about is having the ability to add timeframes to a "monitoring" list, for example, my default charts is D1, I will need to switch to H4 and H1 if I want to see if there are any pattern forming on theses TF.
that could be a string parameter, something like

Code: Select all

extern string AdditionnalTFs = "H1,H4";
I wouldn't need thoses alternates TF pattern to be drawn (might be fancy to have the ones of higher TFs, but not, let's keep thoses charts clean :D), it should be enough to be able to receive alerts for thoses timeframes, and maybe add a label on the screen eventually, example below, something minimalist :
monster.PNG
Thanks again for your work :)

Cheers.
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