Holmes27 wrote: Wed Apr 22, 2020 12:16 am

MrTools would you mind adding alerts on colour change please? This indicator seems really good for riding a trend.

Thanks as always

Holmes27

tatlongtruong wrote: Sun May 03, 2020 9:11 pm

May I ask does this indi repaint?

Jimmy wrote: Wed Apr 29, 2020 10:27 pm I'm not sure if this one has already been shared by our members but here is another nice new code from Mladen which I think would be very useful for traders is his Adaptive ATR for MT4.

Thanks to Mladen for creating some valuable tools for the older platform and also releasing the source codes

As explained by Mladen:
This is an adaptive ATR for metatrader 4.

Apart from being adaptive, there is one more deviation in it - it is calculating average range (not average true range). The difference is subtle but it exists. It means that unlike the average true range (that checks if there was a gap when compared to previous bar), this indicator is calculating average range of high to low. And that is it. It is, as it is obvious from previous description, "ignoring" the gaps and that way it is calculating only the "effective" ranges.

mrtools wrote: Tue Apr 28, 2020 2:22 am

Arrows added.

ionone wrote: Mon May 04, 2020 4:29 pm

there is a problem though. when passed through the strategy tester : when a new bar opens, the ATR value is lowered quite a lot compared to previous value, and it happens on each bar. The reason is that you use the high minus low, and this value is zero at the opening of the bar. this is not accurate for live situations I think.
Is there a solution to this ?
could you make an adaptive ATR but with the same behaviour as the well known ATR?
or I guess we could just use previous value, that would be accurate

see the screenshot here, taken just after bar opening
screenshot.04-05-2020 08.30.14.jpg

int i=rates_total-prev_calculated; if (i>rates_total-1) i=rates_total-1; for (; i>=0 && !_StopFlag; i--) 
   { 

int i=rates_total-prev_calculated+1; if (i>rates_total-1) i=rates_total-1; for (; i>=0 && !_StopFlag; i--) 
   { 

mrtools wrote: Tue May 05, 2020 4:58 am

Try changing line # 60 from

Code: Select all

int i=rates_total-prev_calculated; if (i>rates_total-1) i=rates_total-1; for (; i>=0 && !_StopFlag; i--) 
   { 

to this

Code: Select all

int i=rates_total-prev_calculated+1; if (i>rates_total-1) i=rates_total-1; for (; i>=0 && !_StopFlag; i--) 
   { 

tatlongtruong wrote: Sun May 03, 2020 9:11 pm

May I ask does this indi repaint?

mrtools wrote: Thu Sep 20, 2018 6:24 am Mladen's Rsx of alb averages converted it to mt4.

About the indicator from Mladen::

RSX (Relative Strength Quality Index) that does not use "pure" price for calculation but uses adaptive lookback average filtered price for calculation

Of price filtering for rsx :

The advantage of using the filtered (smoothed) price is that some of the false signals are filtered out at the source itself (by averaging the price) and it the is omitted (the false signal) in the RSX calculation too. Also, since the average is adaptive it implicitly makes the RSX adaptive too

ALB averages that can be used :

simple moving average
exponential moving average
smoothed moving average
linear weighted moving average
triple exponential moving average
smoothed linear weighted moving average
nonlag moving average
linear regression value (lsma)
double smoothed exponential average
Usage :

Some experimenting with parameters is advised, but the usage of this RSX is the usual : either use the slope or some significant levels crossing for signals