HiLo Indicator updated

The HiLo indicator has been updated. I delayed this post to test the correct behavior when plotting through the Sunday-Monday transition.

Besides of the H1 and H4 spins, I've added indicators for the MN1 and W1 timeframes.  Although these timeframes are included in the main indicator, I thought it would be useful to have them separately too.  I was considering to mash up all the timeframes options in one big indicator, but I think it is better to have them as independent tools.

There's no issue running these indicators together at the same time.

Tools updated

H_LastBar and H_000Lines have been updated.  They were compiled in the last version of MetaEditor (ver5 build 883) and the code has been improved as far as possible.  If there's a mistake or issue in the future, I will update accordingly.

Added a script complementary to the H_BreakEvenSL EA. It allows to clean past arrows and breakeven lines from closed trades.  Instead of deleting manually these elements, this script automate the process. Be aware that this tool delete ALL orphan arrows and BE_Line elements, so if you want to preserve past arrows , do not use it.

The HiLo indicator will probably be updated by tomorrow.

Update

Last february the Metatrader4 platform has been updated to build 600; this update included the MetaEditor 5 (build 883) as default.  Some of my indicators have not been acting as supposed to, so in the following days/weeks I will post updated/revised versions of all of them.

I assume this issue is some sort of migration conflict from the MetaEditor4 to the newer version, but this opportunity would allow me to review my code and improve upon it, making it more efficient and reducing the number of lines.

The indicator that I've been using the most lately is the H_ForexMarketHours, and it has had some issues with the plotting of the values; this was easily fixed when switching between timeframes in the chart where it's attached, but with the mentioned MT4 update, this indicator broke. Because of this, I'm updating it (from v1.03 to v1.04) which fixes all the issues.

One important aspect to consider is, the path where indicators are copied has also changed:

before   ../Program Files/mt4/experts/indicators/
after      ../Program Files/mt4/MQL4/indicators/

Any new indicator must be copied to the MQL4/indicators/ folder.  With the platform update, old indicators were migrated to version 5 and copied automatically to the new location. I'm planning to delete the old files to avoid misunderstandings.

This post is also a reminder of the daylight saving time change, so if you use my H_ForexMarketHours indicator, adjust the offsets accordingly.  You can verify any local times here or you could look for similar sites.  Google is also useful.

The updated version of H_ForexMarketHours is here, or you could visit the MT4 Tools page where you can find other useful stuff.

Small update H_ForexMarketHours

Added 'Clocks' feature that shows (if required) local time for the different zones.  This version should be error free but I'll keep testing it.  If there is an error with plotted labels or lines, just switch timeframes and every thing should be corrected.

Another tool

Added another tool to the MT4 section of the blog.  H_ForexMarketHours is an indicator that plots at the bottom of the chart the most common trading sessions (London, NY, Sydney and Tokyo).   Might be useful.