连续蜡烛威廉姆斯 %R 和成交量与 55EMA 基线 (Consecutive Candles Williams %R and Volu)

Here are the updated versions of the Consecutive candle indicator the Volume and volatility indicator and the Jurik Kijun slope indicator. These are needed to run the EA.

Attached File(s)

consecutive_candles_1_02.ex4   13 KB | 2,540 downloads | Uploaded Jul 26, 2019 4:17am

Attached File(s)

VolumeAndVolatility_update.mq4   5 KB | 2,553 downloads | Uploaded Jul 26, 2019 4:18am

Attached File(s)

Jurik_smoothed_Kijun_slope.ex4   34 KB | 2,285 downloads | Uploaded Jul 29, 2019 12:06pm

First of all I would like to give thanks to rpasupathy for the idea, Wolf300 and IceRice for their collaboration on the consecutive candle indicator(found here https://www.forexfactory.com/showthread.php?t=908563) and Jimmy for the volatility/volume indicator. A special thanks goes to VP from NoNonsenseForex for his ideas and video and blog series. https://nononsenseforex.com/

This post will be for future updates...and will explain the premise behind this thread.

Please do not post non related information, we need this to stay on track and clear to follow.

The system is comprised of the consecutive candle indicator for 2 confirmations.

Then there is a second confirmation indicator.

There is a baseline to filter further.

Finally there is a volume/volatility indicator.

Directions;

For a trade we first need Williams %R to go above -20 line or below -80 line.

Then we need the consecutive candle indi. to print an arrow in our desired direction (if we are below the -80 line we look for an up arrow, above the -20 line we look for a down arrow).

Then we need the indi. to print a candle with a dot (preferably with a lower/higher close than arrow candle).

For this to be a valid signal we need 3 things.

1/ Williams % to now move below -20 line or above -80.

2/ Williams % to be below the 55ema (set to first indicator data) for a sell or above the 55ema for a buy.

3/ Volume/volatility indicator is yellow or green (grey=no trade).

If all the above is met we can trade in the desired direction.

The following chart shows a buy and a sell following all the above rules. Exit is close of a candle when Williams%R crosses the opposite -20/-80 line.

Numbers in yellow boxes are pips gained in the respective trades.

SL is up to user...I would suggest a protective one only.

Chart is 1hour.



There are some nuances to the confirmations...If we get a signal to trade but the volume/volatility indicator does not agree we can still take the trade if another candle with a dot prints and volume now agrees. This is a valid signal as long as an opposite arrow does not show up. If it does then we do not trade. We must then wait for a full re-confirmation from all indicators. See below;

1/ Williams %R goes below -80 line

2/ Trade to buy is confirmed by all indis. but volume bar is grey (no trade).

3/ An opposite arrow prints...now we wait for a whole new set up.

4-5/ A whole new buy is confirmed but again volume is grey (no trade).

6/ Another opposite arrow prints...now we wait for a whole new set up.

7-8/ A whole new set up is confirmed and this time the volume bar is yellow/green...so a buy trade is executed.

9/ Exit trade after close of first bar where Williams %R is above -20 line.



Another nuance is when the confirmation candle closes and Williams%R is already above/below the -20/-80 lines, then there is no trade.



The Williams %R is found in MT4 under oscillators set to 100.

Place a 55EMA on the Williams%R and choose "first indicators data" from the menu.

The Consecutive Candle I am using is V1-02 set to default. There are other versions on the "My Last Humble Request" thread in Platform Tech forum.

Here is the Volume/volatility indicator.

Here is the Consecutive candles indicator

The other 2 indicators are in MT4---Williams%R and a 55EMA

Finally here is my template

I will post some charts with examples in the next few posts. They will center on XAUUSD 15min to daily charts. I will also be testing the other XAU pairs on the daily and WTI, but these I will only be plotting trades and not actually trading.

Chris

EA added, thanks to reteid2222 (Retina)