# Need MT4 Indicator

#### bluesquare123

##### Member
Dear Friends i need mt4 indicator for given below formula ..

z = yesterday HIGH + yesterday Low + yesterday close,

A = Z * 0.67,

Q= Z - yesterday HIGH

IF TODAY OPEN IS ABOVE " Q " THEN PLOT RED COLOUR LINE BELOW 2 POINTS FROM OPEN PRICE ( OPEN - 2 )

IF TODAY OPEN IS BELOW " Q " THEN PLOT GREEN COLOUR LINE ABOVE 2 POINTS FROMOPEN PRICE ( OPEN + 2 )

KINDLY CODE ABOVE FORMULA and HELP ME

#### ram2010

##### Well-Known Member
Dear Friends i need mt4 indicator for given below formula ..

z = yesterday HIGH + yesterday Low + yesterday close,

A = Z * 0.67,

Q= Z - yesterday HIGH

IF TODAY OPEN IS ABOVE " Q " THEN PLOT RED COLOUR LINE BELOW 2 POINTS FROM OPEN PRICE ( OPEN - 2 )

IF TODAY OPEN IS BELOW " Q " THEN PLOT GREEN COLOUR LINE ABOVE 2 POINTS FROMOPEN PRICE ( OPEN + 2 )

KINDLY CODE ABOVE FORMULA and HELP ME

2 and .67 ? specific reason?

what' s the use of variable A ?

Last edited:

##### Well-Known Member
Dear Friends i need mt4 indicator for given below formula ..

z = yesterday HIGH + yesterday Low + yesterday close,

A = Z * 0.67,

Q= Z - yesterday HIGH

IF TODAY OPEN IS ABOVE " Q " THEN PLOT RED COLOUR LINE BELOW 2 POINTS FROM OPEN PRICE ( OPEN - 2 )

IF TODAY OPEN IS BELOW " Q " THEN PLOT GREEN COLOUR LINE ABOVE 2 POINTS FROMOPEN PRICE ( OPEN + 2 )

KINDLY CODE ABOVE FORMULA and HELP ME

There is some mistake or some thing undisclosed

you said
Z = yesterday HIGH + yesterday Low + yesterday close
and
Q= Z - yesterday HIGH
Q= (yesterday HIGH + yesterday Low + yesterday close) - yesterday HIGH
that is
Q = yesterday Low + yesterday close

then why take pain for adding three variable and then subtracting one variable, why not straight forward add two variable for calculating Q There are even some more miscalculation, that I will point out, later on (after your reply)

##### Active Member
Please give credit to the Original author of this who shared ...

Dear Friends i need mt4 indicator for given below formula ..

z = yesterday HIGH + yesterday Low + yesterday close,

A = Z * 0.67,

Q= Z - yesterday HIGH

IF TODAY OPEN IS ABOVE " Q " THEN PLOT RED COLOUR LINE BELOW 2 POINTS FROM OPEN PRICE ( OPEN - 2 )

IF TODAY OPEN IS BELOW " Q " THEN PLOT GREEN COLOUR LINE ABOVE 2 POINTS FROMOPEN PRICE ( OPEN + 2 )

KINDLY CODE ABOVE FORMULA and HELP ME

#### bluesquare123

##### Member
Fibonacci Number ?

yes sir .. 0.67 is fibo numbers ..

no other specific reason or miss calculation in this ....

#### bluesquare123

##### Member
There is some mistake or some thing undisclosed

you said
Z = yesterday HIGH + yesterday Low + yesterday close
and
Q= Z - yesterday HIGH
Q= (yesterday HIGH + yesterday Low + yesterday close) - yesterday HIGH
that is
Q = yesterday Low + yesterday close

then why take pain for adding three variable and then subtracting one variable, why not straight forward add two variable for calculating Q There are even some more miscalculation, that I will point out, later on (after your reply)
nosir ... only z hasto subracted with yesterdayhigh.... simple ... no other hidden calculation here...

#### bluesquare123

##### Member
Please give credit to the Original author of this who shared ...
yessss sir .... credit goes to original author ...... exactly .. :clapping::clapping:

##### Well-Known Member
nosir ... only z hasto subracted with yesterdayhigh.... simple ... no other hidden calculation here...
Okay, if you are so sure, then post an example with calculation of any scrip of any date, say with values of NF of 23rd
You will also come to know about the point that I referred to, in my previous post.

#### bluesquare123

##### Member
Okay, if you are so sure, then post an example with calculation of any scrip of any date, say with values of NF of 23rd
You will also come to know about the point that I referred to, in my previous post.
hi sir .. just my example :

crude march contract ... 24.02.2017 date OHLC

3620.00 3627.00 3591.00 3615.00

Z = 3627.0 + 3591.0 + 3615.00 = 10833
A= 10833*0.67 = 7258
Q= 7258 - 3627 = 3631 ( SORRY I HAVE MENTIONED Z- Y.HIGH ... ACTUALLY THAT IS A-Y.HIGH )
( SORRY FRIENDS ITS MY MISTAKE )

IF TODAY OPEN IS ABOVE " Q " THEN PLOT RED COLOUR LINE BELOW 2 POINTS FROM OPEN PRICE ( OPEN - 2 )

IF TODAY OPEN IS BELOW " Q " THEN PLOT GREEN COLOUR LINE ABOVE 2 POINTS FROM OPEN PRICE ( OPEN + 2 )