Part 2 of this video is here:
http://youtube.com/watch?v=THYD6mZaJ8U
Commands are given to the program via a text object. Place a text object on the chart. Name that object with the command that you woulld like to issue.
Then, right click the chart and click "Refresh." This makes MT4 look at the chart to pick up any new commands. For more information on how to use commands, see this video: http://www.youtube.com/watch?v=iUIWqVnFuxU
This is a tool I wrote in MT4 that mimics the way Carolyn Boroden and Mark Braun uses Dynamic Trader or Fibonacci Trader.
For timing information, google Mark Braun's material. They are al over the internet.
To download this Custom indicator, go here:
http://finance.groups.yahoo.com/group/BreakOUT_alert_indicator/
The way you name the trendlines is by sequence:
You can have up to 26 of each.
First fib retracement tool is named: a, then b,c,d. . . .
First symmetry tool is named aa, bb, cc, dd. . .
First FT (fib timing tool) is named fta, ftb, ftc . . . ftz.
After you made a Two Point tool, you convert it to a Three Point tool by using an Arrow object. Name it according to the two point tool. If your Two Point tool was named FTc, then the conversion arrow needs to be named FTcc.
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---- information not covered in the video:
In the newest beta release, (which is literally a couple of minutes fresh off the compiler), there is a way to draw both "live" lines and Static lines.
"Live" refers to the fact that the lines will automatically update to the new swing hi/lows. (You would name them 'a', 'b', 'c' . . . just like you always had) ]
However, I have added some permenent static lines. You name them STa, STb, ST stands for static. These lines will not update. So, they are good for checking historical fib levels--since you don't want those lines to jump to the highest swing.
Try drawing some trend lines and name them STa, STb . . . etc and you will see what I mean.
Tags: metatrader Fibonacci Cluster trader technical analysis
