› Forums › Indicator discussion › MTH – 7lines OHLC Moving Average Indicator
Tagged: Custom Indicator, Moving Average, MT4, MTF, MTH, OHLC
- This topic has 45 replies, 13 voices, and was last updated 10 years, 12 months ago by
mak.
- AuthorPosts
- April 17, 2015 at 5:39 pm #6337
Well, I think I’m using her a little differently. Still I cannot thank you enough Kiads.
No Problem Brother, there’s so many ways to use ‘her’.. hahaha, the point is as long as you could create your ‘own’ rules to make consistent result then you’re in the right side.. just as simple as that..
Best Regards
MTH
Intuition, Experiences and Common sense..
http://www.binaryoptionsedge.com/April 17, 2015 at 10:04 pm #6345Great examples Kiads, thanks!
Please keep em coming
April 18, 2015 at 12:22 am #6347Thank you Kiads for explaining how you use this, more examples greatly anticipated

cheers
hannele
April 18, 2015 at 12:25 am #6348Hi Kiads, Am I stupid to try and understand this?
Yes Brother, As I explained in the first post, the High Low Option is work just like Zig Zag… and to use it of course we should understand how to use High / Low or Zig Zag tool to projecting the direction.. Maybe most of us misunderstood about ‘how’ Zig Zag tool work, so mostly we ‘called’ Zig Zag as repaint indicator, while actually Zig Zag is only tool to ‘pointing out’ the implementation of ‘Dow Theory’ if I’m not wrong. To understand how Zig Zag work , we should understand Dow Theory. Hope You Understand and best regards MTH
Still it works. I’ve made something like 5200 pips this week on demo. Please see the attached picture… This was a bad day of mine by the way.
Hi Balrog Trader,
How do you use this indicator, if you don’t mind explaining your way please

cheers
hannele
April 18, 2015 at 7:42 am #6350Hi Brother kiads,
Do u mind actually modifying the code for the 7 lines to indicate when its Uptrend = LightSkyBlue, Downtrend = LightPink or something like that? It goes easier on my eyes. But only do it if u deem it worthy of consideration and always at your own sweet pace and time, thanks.
I think your high low anchor is the most powerful in this aspect of the indicator for predictive purpose.
Best Regards,
LearnAlways
I only know I know nothing
Skype: learnalways@outlook.comApril 18, 2015 at 8:59 am #6352Hi Brother kiads, Do u mind actually modifying the code for the 7 lines to indicate when its Uptrend = LightSkyBlue, Downtrend = LightPink or something like that? It goes easier on my eyes. But only do it if u deem it worthy of consideration and always at your own sweet pace and time, thanks. I think your high low anchor is the most powerful in this aspect of the indicator for predictive purpose. Best Regards, LearnAlways
Hi Brother, great idea.. but as we know that 7lines OHLC indicator, already use all the buffers available (7 buffers for lines, and 1 buffers for ‘diamond’ signal), so we already run out of buffers. while to create line color change, each line need at least 2 buffers, or for more perfect version need 3 buffers, 1 for base color, 1 for up color and 1 for down color, so for 7 lines we need 21 buffers and by standard we can’t do that because MT4 only provide 8 buffers. Of Course there’s is ‘alternative’ ways to do that, but it will change the whole codes.. and please forgive me that I don’t have plenty of time to re-create it from the beginning…
Hopefully You Understand.. and have a nice week end Brother…
MTH
Intuition, Experiences and Common sense..
http://www.binaryoptionsedge.com/April 18, 2015 at 9:12 am #6353Sure, no problem, thanks for explaining. Have a great weekend.
I only know I know nothing
Skype: learnalways@outlook.comApril 18, 2015 at 10:34 am #6355Hi Balrog Trader, How do you use this indicator, if you don’t mind explaining your way please
cheers hanneleSure Hannele,
Please see the attached picture. But please remember, my method is more primitive than borther Kiads’. His explanation given in entry 6334 seems far better than what I do. I will try switching to his method next week. After all I’m far inexperienced than him and might be doing something wrong. Got to keep learning

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April 18, 2015 at 3:01 pm #6360Kiads, perhaps you can demonstrate to us, how to use the “web” part of “her” (outside of it s default function). Now i understand from your examples, how to use the hi-low ancor part and
the stepping. This two parts show us the direction and the approximate entry position. You also showed us how to use the average principle (the river).
I m wondering about force & strenght and brakeout parts….

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This reply was modified 11 years, 1 month ago by
mak.
April 18, 2015 at 9:12 pm #6368Thank you BalrogTrader
I think you are not doing anything wrong, 5200 pips speak for them selves. What timeframe did you use ? I have overlaid it with Nanningbob’s HGI16.7 from SH forum in 1hour time frame, and visually (since I only done it this morning) checked and it looks quite good ( HGI is based on moving averages amongst other things).Thank you again for sharing

cheers
hannele
April 19, 2015 at 6:38 am #6371Thank you BalrogTrader
I think you are not doing anything wrong, 5200 pips speak for them selves. What timeframe did you use ? I have overlaid it with Nanningbob’s HGI16.7 from SH forum in 1hour time frame, and visually (since I only done it this morning) checked and it looks quite good ( HGI is based on moving averages amongst other things). Thank you again for sharing
cheers hanneleThanks Hannele,
I am still not sure whether I was lucky or I have a reasonable system. I have to try it for the next few weeks. Maybe then, if I have enough self-esteem then I’ll go real account.
PS: I use M5 and H1 in turn…
Best regards.
Nothing has ever motivated me more than this...
April 19, 2015 at 7:42 am #6372Very interesting approach. I cant wait to test drive it. A Big Thanks to Brother Kiads for making and sharing these wonderful tools.

Congrats BarlogTrader on 5200 pips. I think that whatever you are doing, you are doing it right. I would be crazy happy if I could take 5200 pips a week home.
I think anyone would. lolBest,
Michael
April 19, 2015 at 5:37 pm #6378Thanks MTH
April 23, 2015 at 10:23 pm #6397THANKS MTH
April 24, 2015 at 6:21 am #6402Dear friends,
I’m still trying this powerful indicator. This week I made the same old mistake and tried to add a very very little simple rule to my ordinary OHLC 7 rules. As you might guess, this went wrong. Now I’m trying to recover..
But, let me share a very important thing that I believe I learned during the past 2 weeks. I strongly believe that OHLC 7 helped me increase my “experience points” (like in the FRP games) in trading. The message is: There’s absolutely no need to panic. If a trade position is in the negative there are 7 more pairs (i.e.:I’m following 8 currency pairs simultaneously), one or more may support your overall trading position. Lets say they didn’t. Then there will be more days who actually obeys your rules.
At least this is more than enough for me to thank brother Kiads once again with everything I have.

Best regards.
Nothing has ever motivated me more than this...
April 29, 2015 at 6:55 am #6438I wonder if any other friend(s) working on this indicator. I’m still…
See attached how the recently referred “Master Candle” concept work with OHLC7.
Best regards…
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June 9, 2015 at 6:23 pm #6952Hi everyone , Hope you are good. I’ll try this system tomorow looks powerfull and thank’s you @KIADS…..What’s new @Balrogtrader with this system? do you still using it ? it seems quiet here from April :)
Peace ^^
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This reply was modified 11 years ago by
zyriab75.
June 9, 2015 at 9:02 pm #6954Hi everyone , Hope you are good. I’ll try this system tomorow looks powerfull and thank’s you @KIADS…..What’s new @Balrogtrader with this system? do you still using it ? it seems quiet here from April :) Peace ^^
Now that you reminded let me add this gem to my current indicators

Nothing has ever motivated me more than this...
June 15, 2015 at 8:11 pm #6990The spike repaint badly , so for me it’s impossible to backtest this indicator visualy … Excuse my bad english friends :)
June 16, 2015 at 7:05 am #6992The spike repaint badly , so for me it’s impossible to backtest this indicator visualy … Excuse my bad english friends :)
Check the first page to see how to use the anchor.
June 18, 2015 at 4:11 pm #7011Brother Kiads,
If you ll by any chance see this, i have one question regarding this indie.
I ve been playing around with it and i noticed, that if i try to change the “price” factor of individual MA, nothing changes. So, if i have linear weighted MA on TF x with period Y and i
go through different price options (close, high, low,…) the formed MA is always the same.
I m i missing something here?

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