The logic is correct and works because of this.
Take note that we're comparing the current bar and the previous bar with value '2147483647'. The Signal will make sure the order is opened when the arrow is displayed. If the arrow is drawn on the current bar, choose shift 0. The only way to know this is by watching the indicator in backtest/ demo/ live and take note. This was necessary because the indicator will always draw the arrow on the previous bar, not on the current bar. Custom Indicator 'Arrow Down' with Mode 1 Custom Indicator 'Arrow Up' with Mode 0 Image 4. Make sure you all give them a distinguishing name, so they can be recognized easily. If you've got an indicator which shows 4 types of arrows (2 strong, 2 weak) and you want to use all 4 outputs in your trading Signal, you will have to add the indicator 4 times. ), you will also need to add the indicator multiple times for each output value that you want to use. Remember that every time you have an indicator which is showing multiple different outputs (arrows, lines. In order to automate this indicator, we need to upload the indicator twice. The moment when the arrow appears is also important, as you will understand in a minute when discussing Shift.
The actual value is irrelevant when the logic condition is setup correctly (see later). The arrow appears when the indicator switches from having no value, to having 'a' value.Up arrow is at Mode 0, Down arrow is at Mode 1.This is all the information you need to automate an EA using this indicator, because you now know: It's the value of the position the up arrow is at. The second column shows the values the indicator gives me at 20:30. The first column shows the values the indicator gives me at 20:15, one bar before the bar I've selected. These are the 'buffers' that the indicator is exposing and which can be used by your EA. Also, you can see that the data window displays 2 rows (at the yellow icons). I have the Data Window open in Metatrader, as you can see on the left side of the screen. Note that my mouse pointer is at the up arrow in the image above. (2) Information regarding your Mode Input and indicator's value. If you don't know this value in advance, you can use the following strategy to get the right Mode value: First, load your indicator in Metatrader. What you need to do is select the correct buffer for your trading strategy and enter it in the 'Mode' input. Both are maintained in their own value-set, called 'buffers'. It's important to know a comprehensive indicator exists of multiple collections of arrows or lines: f.e. Now that you continue to automate your strategy you want to select these arrows or lines as variable values.
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You probably use these in your manual (visual) trading feedback and decisions. You're waiting for a line to cross another lineĪs you know indicators can sometimes draw multiple arrows or lines.You're waiting for a line to cross a value.You're waiting for an object, like an arrow or the value of a line drawn.To find the correct Mode input value, you can investigate at which event or output you want to take action.
If your custom indicator has more than one possible output value, it is important to retrieve the one you want to use in your auto-trader. However, ther are 2 exceptions that need discussion: the Mode and Shift parameters. This means that we don't have to tell you which input values you have to use, and which ones are optional. You've probably experimented with it in MetaTrader, or you've been working with it already. So you've uploaded your custom indicator. Custom indicators can be found at the bottom. Once you uploaded your indicator, you can select it at any time at the list of indicators.
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