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Percentage Price Follower

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Percentage Price Follower

Postby Alexander.Gettinger » Mon Dec 22, 2014 10:37 am

Original LUA indicator: viewtopic.php?f=17&t=2801.

There are two modes,
One.
The indicator follows the price, indicator is always trying to be equated with a price.
Defined percentage of the High-Low Range is the maximum shift.

Two
The indicator follows the daily changes in price, in both directions,
but only for a defined percentage of open - close Range.


Percentage_Price_Follower_MQL.PNG


Download:
Percentage_Price_Follower.mq4
(1.67 KiB) Downloaded 232 times


eurusd-m5-forex-capital-markets.png

Channel lines are aded X pip Up / Down from the Percentage_Price_Follower Line
Percentage_Price_Follower X Pips Channel.mq4
(2.64 KiB) Downloaded 25 times
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Re: Percentage Price Follower

Postby JADragon3 » Wed Sep 06, 2017 6:18 am

Hello. Would it be possible to add levels to this indicator ? Kind of turning it into a envelopes indicator ? I find that it has the potential to draw really nice price channels. And also , would you be willing to add Multi Time Frame function to it ? Please let me know.

( PS - I really love all the useful indicators that this website has produced. )
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Re: Percentage Price Follower

Postby Apprentice » Wed Sep 06, 2017 8:28 am

Percentage_Price_Follower X Pips Channel.mq4 added.
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Re: Percentage Price Follower

Postby JADragon3 » Thu Sep 07, 2017 4:31 am

Apprentice wrote:Percentage_Price_Follower X Pips Channel.mq4 added.


Thank you for the update. Is there any possibility of adding multi time frame function ?
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Re: Percentage Price Follower

Postby Apprentice » Thu Sep 07, 2017 3:50 pm

Your request is added to the development list, Under Id Number 3887
If someone is interested to do this task, please contact me.
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