Dots

[Enivid]

Discuss Dots indicator (trend direction indicator) in this thread. You can ask any questions about this indicator here.

 

[donglee]

I was trying to set up an alarm or email signal when the color of the dots changes. However, I could not set up or find such feature.

Can anyone advise me on how to set up an alarm or email signal for this indicator if there is any way to do so?

 

[Enivid]

There is no alert feature in this indicator. It has to be coded. When would you want it to alert you? Alert on color change of the latest dot is a bad idea because it may change colors every tick.

 

[Florida Trader]

Is there a version of this indicator available in the current (post 2014 MT4 Build 600) MQL4 language? Great indicator!! I want to use it in an EA generator, unfortunately, the old MQL4 language prevents accurate execution. I appreciate the response.

 

[Enivid]

Why? The current version of the indicator compiles and works well in the latest build of MT4.

 

[Florida Trader]

Thanks for your response. As I stated in my initial post, I want to use the Dot indicator as an EA. The EA generator will not accept old MQL4 language. It must be post 2014 (MT4 Build 600+) MQL4 language, to work accurately. The vast number of indicators I see are still in the old MQL4 language, which is fine for manual trading. I appreciate your insight.

 

[Enivid]

EA generator

What exactly do you mean by that? Posting the exact screenshots or the logs of the errors you encounter would help.

 

[Florida Trader]

Enivid, thank you for your response. This matter has been resolved.

 

[rhcapati]

How to use with an EA? The indicator work's fine with current graph, but when visually testing it's plot only one color. I tried to create another buffer to get the trend value too but no success. Any help? Thanks.

 

[Enivid]

How to use with an EA? The indicator work's fine with current graph, but when visually testing it's plot only one color. I tried to create another buffer to get the trend value too but no success. Any help? Thanks.

You can use it with an EA like any other indicator. Its buffer #0 holds the values for uptrend, its buffer #1 holds values for downtrend. You have something wrong in the Strategy Tester if it doesn't show its backtester properly.

 

[rhcapati]

You can use it with an EA like any other indicator. Its buffer #0 holds the values for uptrend, its buffer #1 holds values for downtrend. You have something wrong in the Strategy Tester if it doesn't show its backtester properly.

Hi @Enivid , thanks for your attention.

From the code, buffer #1 holds values for the color, or I missing something?

SetIndexBuffer(0, Buffer, INDICATOR_DATA);
SetIndexBuffer(1, Color, INDICATOR_COLOR_INDEX);

How I can know the direction for the current trend? Basically for each closed candle, I want to check the previous candle trend. For example, with an open position, I want to exit the trade when the trend changes.

About the Strategy Tester, is there a recommended settings? When the test begin I can see the history plot the colors just fine, but the ongoing test show only one color, but the prices buffer is correctly.

 

[Enivid]

Hi @Enivid , thanks for your attention.

From the code, buffer #1 holds values for the color, or I missing something?

SetIndexBuffer(0, Buffer, INDICATOR_DATA);
SetIndexBuffer(1, Color, INDICATOR_COLOR_INDEX);

How I can know the direction for the current trend? Basically for each closed candle, I want to check the previous candle trend. For example, with an open position, I want to exit the trade when the trend changes.

About the Strategy Tester, is there a recommended settings? When the test begin I can see the history plot the colors just fine, but the ongoing test show only one color, but the prices buffer is correctly.

Sorry, I didn't realize you were asking about the version for MT5.
In MT5, you can use buffer #1, which holds the color index: 0 - up, 1 - down.
There is a bug with the current candle color calculation that causes Strategy Tester and real-time color stay the same. I will try to fix it as soon as possible.

 

[rhcapati]

Sorry, I didn't realize you were asking about the version for MT5.
In MT5, you can use buffer #1, which holds the color index: 0 - up, 1 - down.
There is a bug with the current candle color calculation that causes Strategy Tester and real-time color stay the same. I will try to fix it as soon as possible.

I'm trying to get buffer #1 values from previous candles, but the result is always 0. Maybe it's related with Strategy Tester in real-time too?

 

[Enivid]

Version 1.01 released to address the issue with unchanging color in MT5.

 

[rhcapati]

Version 1.01 released to address the issue with unchanging color in MT5.

Thanks @Enivid, really appreciate your help.

 

[rhcapati]

There is another problem with the Filter parameter, the result is different when testing.

As you can see in the image, top is the open graph, and below is the real-time testing (Length = 12, Filter = 15):

 

[Enivid]

Version 1.02 released to fix the issue with real-time indicator drawing when Filter parameter > 0.

 

[ikdaro123]

Hello Envid can you post the EA for this dot indicator?

 

[Enivid]

Sorry, but I don't have an EA for this indicator.

 

[Fried_Rice]

Is this the one which was made by DotMan??